While North American equities are doing better, oil prices are lower on the back of the oil inventory increases. After its seventh straight weekly increase, West Texas Intermediate is trading below $62.00 USD a barrel down $15 from its recent highs. OPEC will be meeting this weekend to discuss the upcoming 2019 production limits, we will have to wait and see.
The USDCAD is unchanged tempered by oil even with the uptick on risk on trades.
Yesterday, the Federal Reserve stated that it was rapidly reducing the amounts of its monthly bond purchases. The Fed will be buying $60 billion of bonds each month starting in January, half the level prior to the November taper and $30 billion less than it had been buying in December. Once the bond purchasing program […]
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By MoneyWay
The Federal Reserve will announce no rate change but will announce that its tapering will close off a lot quicker than they even thought two months ago. Inflation is sticking around a lot longer than expected and now central banks around the world will follow suit after the FED. Since this is fully anticipated market […]
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Markets generally are unchanged as investors continue to digest what exactly is going on with the Omicron variant, there are reports out of South Africa that it has already peaked and is subsiding, whether this is just the South African government trying to talk it down remains to be seen. Not sure if we should […]
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