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USD/CAD Broke Out Of Its Bearish Trend Before Canadian Data

On Friday, USD/CAD finally broke out of its losing streak that it has been in for the past few days when the dollar finally rebounded versus its Canadian counterpart. 388 more words


Notes From Underground: Another Day and the Market Floats On the Sea of Complacency

My appearance with Rick Santelli on CNBC picked up on last night’s blog post. We discussed our concerns about the 7-3 vote in which the Fed Governors bested the Presidents. 176 more words


Gold and silver jump in dollars, not Euros, post Fed

Gold Today –New York closed at $1,334.00 after the previous close of $1,314.60 yesterday.  London opened at $1,332.70.

  • The $: € was weaker at $1.1232: €1 from $1.1147: €1 yesterday.
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Independent Analyis

Notes From Underground: The Magnificent Seven ... the Governors Fall In Line

The vote was the key to the FOMC statement. Three regional presidents voted to raise rates for various reasons but at least the votes reflected their speeches. 500 more words


FED on hold with rates 》0.5%

It’s September and what now? The possibility of raising interest rates today is very small, but you saw how the market reacts to the current threats, like on BoJ’s decision from this morning and latter on the day during the Press Conference. 190 more words

Important Events And Economic News

Shanghai Takes the Gold Pricing Lead

Gold Today –New York closed at $1,314.60 after the previous close of $1,313.60 yesterday.  London opened at $1,319 again.

  • The $: € was weaker at $1.1147: €1 from $1.1187: €1 yesterday.
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Independent Analyis

Holding Pattern

Stocks and the dollar both appear to be in a holding pattern while waiting on the results of of the FOMC meeting.

Beginning with the dollar: The dollar did manage to regain the 50 day MA on Tuesday but is still being contained by the 200 day MA. 226 more words