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Summary Industrial production eked out a modest 0.1% gain in August, but downward revisions suggest output is lower than previously thought. Manufacturing activity has actually perked up recently, but with growth concentrated in a few industries and lingering uncertainty, we expect activity to remai

The short-term Elliott Wave outlook for the S&P 500 ETF (SPY) highlights a cycle starting from the August 1 low. This cycle is unfolding as a diagonal and nears completion. The initial wave ((i)) peaked at 647.04 after the August 1 low. A pullback in wave ((ii)) dropped to 634.92, forming a runn

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3793, down 0.19% on the day. We could see stronger movement from the Canadian dollar later in the day, as Canada and the US release the August employment reports. Canada's employment expected to rebound C

GBP/JPY oscillates in a range during the Asian session amid mixed fundamental cues.Easing fiscal concerns and stronger UK Services PMI act as a tailwind for the Sterling.BoJ rate hike ambiguity and domestic political uncertainty keep the JPY depressed.The divergent BoJ-BoE policy expectations might

The Japanese yen is sharply lower on Tuesday and has fallen to a two-week low. In the European session, USD/JPY is trading at 148.62, up 1.0% on the day. BoJ Deputy Governor says rate hike coming Bank of Japan Deputy Governor Ryozo Himino said on Tuesday that the central bank would raise rates if co

According to the FHFA assessment, home prices in the US have been falling for the last three months in a row. A separate report by S&P/Case-Shiller noted that the annual growth rate in 20 major metropolitan areas slowed to 2.1%, the lowest in two years. The last sustained decline in prices was i

Outlook In the US today, we get July durable goods orders, June house prices, and two regional Fed surveys (Richmond and Dallas). The Fed Question is probably going to override anything these have to say about the US economy. Before diving into the real stuff, consider that one cause of the equity i

The US Dollar (USD) regained some composure and managed to partially fade Friday’s post-Powell in quite a positive start to the new trading week. Investors’ attention, in the meantime, is expected to remain on the trade front and rising speculation of a September rate cut by the Federal Reserve. Her

When it comes to celebrating life’s little joys, nothing brings people together quite like a cozy gathering over delicious food. Whether it’s laughter-filled moments with friends, a social catch-up with your circle, or themed kitty parties that keep the tradition alive,the right place makes all the