The Japanese yen might have stolen the focus during the session but it's time to forget about that for a while. The US PCE price data is coming up later and that will be an important release to watch. It is the Fed's preferred measure of...
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation...
The crude oil markets have been very noisy over the last several days, and at this point in time it’s obvious to me that the market is going to continue to search for some type of stability.
The British pound initially rally during the trading session on Thursday but seems to be looking at the 1.25 level as a major barrier that’s all but impossible to stay above for any significant amount of time.
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation...
The Nasdaq 100 has gone back and forth during trading early on Thursday as we continue to try to find some type of footing for this market to turn things around.
The volatility swing is in full action for the Japanese yen right now. USD/JPY saw a very quick drop from around 156.60 to 155.00 before being just as quickly bought back up now to 156.10-20 levels. It's not immediately clear if this was...
A first taste of intervention play by Tokyo perhaps? The pair is being quickly bought up though as the volatility swing sees it back up to the 155.70-90 range at the moment. The size of the move definitely invites the idea of Japanese...
Uncertainty remains elevated, shocks can occur at any time Will monitor inflation closely and adjust policy again when necessary Demands by critics for SNB to broaden mandate are dangerous So far, they're the only major central bank that...
It's a case of data mismatch for the aussie and the greenback this week. The former saw stickier inflation numbers here while the latter saw softer PMI numbers here . That was enough to close the gap on the divergent outlook between the...
Overview of trading and tips on USD/JPY The price test of 155.67 at the beginning of the US session occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry point to buy the...
Overview of trading and tips on GBP/USD The price test of 1.2491 in the afternoon occurred at a time when the MACD indicator had sharply dropped from the zero mark. Nevertheless, I sold the pound because I expected a strong movement...
Overview of trading and tips on EUR/USD The price test of 1.0704 in the afternoon occurred at a time when the MACD indicator had sharply dropped from the zero mark. Despite this, I sold the euro because I expected a strong movement after...
Inflation is not necessarily weak if you look at other service prices If prices move in line with our forecasts, it would be reasonable to adjust policy and hike rates further He's mainly stating that the central bank is still in a...
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation...
BOJ governor Ueda is still speaking but he's not saying anything about the currency and recent developments. He's preaching to the choir in saying that the inflation trend is still intact and they could still raise rates again at some...
Eurostoxx +0.5% Germany DAX +0.6% France CAC 40 +0.5% UK FTSE +0.7% Spain IBEX +0.6% Italy FTSE MIB +0.6% The better sentiment is carried by tech shares though, with S&P 500 futures up 0.8% and Nasdaq futures up 1.1% on the day. That...