High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Goldman Sachs revises core PCE inflation forecast higher after CPI report
Goldman Sachs has adjusted its inflation outlook following the latest Consumer Price Index (CPI) report, now estimating that the core Personal Consumption Expenditures (PCE) price index rose 0.35% in January, slightly above its previous 0.32% forecast. This would...
Trump’s reciprocal tariffs – more on timing
I popped up a quickie post earlier on comments from Trump saying he'd be signing off on reciprocal tariffs Wednesday or Thursday:He seemed confused, I guess he has a lot going on.White House press secretary Karoline Leavitt appeared to be on firmer ground, saying...
Morgan Stanley hasn’t changed its Federal Reserve forecast despite strong US CPI report
The data can be found here:If you wanted a heads up on the higher-than-expected number BEFORE it came out, read ForexLive! Adam nailed it:In response to the data Morgan Stanley have maintained their call for just one Federal Open Market Committee (FOMC) rate cut this...
The Reserve Bank of New Zealand (RBNZ) Survey of Expectations due today can be a NZD mover
The Reserve Bank of New Zealand (RBNZ) conducts a Survey of Expectations quarterly, gathering insights from forecasters, economists, and industry leaders on various economic indicators, including inflation. The upcoming release is scheduled for today, Thursday 13...
Fed’s Waller doesn’t comment on his outlook for the economy nor monetary policy
Federal Reserve Board Governor Christopher Waller was speaking on stablecoins and such. Here is the full text if you are interested:Christoper Waller***A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging its price to an underlying...
New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Economic calendar in Asia – Fed’s Waller is speaking
I don't know what Waller will be speaking about. I know it won't be about a March rate cut. Or May, June, July ..... You get the idea:***Apart from Wally we also get the Reserve Bank of New Zealand (RBNZ) Survey of Expectations. This is published quarterly, conveying...
Trade ideas thread – Thursday, 13 February, insightful charts, technical analysis, ideas
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Trump said he may sign reciprocal tariffs today, or tomorrow
Wednesday or Thursday, does it matter? They are on the way is the key takeaway. Trump's proposed reciprocal tariffs would match the import duties that other countries impose on U.S. goods. The goal is to reduce trade imbalances and protect American industries by...
Forexlive Americas FX news wrap 12 Feb: Higher US CPI pushes yields higher. USD is mixed
The U.S. Consumer Price Index (CPI) for January came in hotter than expected, marking the fourth consecutive year of a stronger-than-anticipated January inflation report. This unexpected jump complicates the Federal Reserve’s path toward achieving its 2% inflation...
US stock indices close mixed on the day
The major US stock indices are closing mixed on the day. The NASDAQ index squeaked out a small gain but erased a -228 point decline. The Dow industrial average and S&P index recovered off low levels, but still closed lower on the session.The final numbers are...
Reuters: Trump says will meet Putin probably in Saudi Arabia
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Tesla shares give back some gains on a report that Musk will remain at DOGE for 4 months
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Credit Agricole: ‘Dark before the dawn’ for EUR/USD
EUR/USD dailyCredit Agricole acknowledges the bearish sentiment surrounding EUR/USD due to Eurozone underperformance, political risks, and US-EU trade tensions. However, they maintain a neutral EUR/USD outlook in the next three to six months, expecting a recovery...
WTI crude settles nearly $2 lower on speculation the Russian crude will soon flow again
The indications from the White House today suggest the Ukraine war is on the road to peace. I don't find that to be a big surprise as Zelensky has talked about negotiations and Trump long campaigned for it. There have been reports it would be a multi-year process to...
USDJPY hits resistance at key level; 50% midpoint at swing area
The USDJPY stretched to a swing high of 154.79. Earlier today in a post, I wrote: The next key target lies in the 154.77–154.967 zone, where the 50% midpoint of the 2025 trading range sits at 154.897. This level, situated within the swing area (see red numbered...
US January Federal budget deficit $129.0B vs $95.5B expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The market is overlooking the most-important news of the day
Given all the tariff uncertainty, I feel the need to highlight the first section of the United States constitution:The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general...
Trump is expected to announce reciprocal tariff plan before Modi visits on Thursday
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...