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June 1, 2024 | Trading Desk Notes For June 1, 2024
Let the cuts begin The Bank of Canada may announce a 25bps cut (from 5.25%) on Wednesday (markets are pricing a 75% chance), and the ECB is expected to announce a 25bps cut (from 4.50%) on Thursday. The Fed is not likely to cut rates at its June 12 meeting. The net speculative short positioning in Canadian dollar futures is […]
June 1, 2024 | The Impact of the Trump Verdict on our AI Computer – The Fall of the US in 8.6 years.
Juan Manuel Merchan is a Colombian-born American judge and former prosecutor. Most curious, he is NOT a formal judge, he is ONLY an acting justice of the New York State Supreme Court in New York County. How did a former prosecutor who is NOT a formal judge get assigned this case? This is not just […]
June 1, 2024 | Tech Talk for Saturday June 1st 2024
The Bottom Line North American equity markets responded favourably to the April core PCE Price Index report released on Friday. Consensus was an increase of 0.3% versus a gain of 0.3% in March. Actual was an increase of 0.2%. On a year-over-year basis, the Index gained 2.8%, in line with consensus. This Index is the […]