The major US stock indices fell sharply after the Fed signaled less easing in 2025. The end of your target for the Fed funds is now 3.9%. It was a 3.4% after the September meeting. The Dow industrial average is now down for 10 consecutive days. It's decline for today...
Forexlive Americas FX news wrap: US dollar soars on hawkish dots
Markets:Gold down $53 to $2592WTI crude oil flat at $70.10US 10-year yields up 11 bps to 4.49%S&P 500 down 2.4% in the worst day of the yearRussell 2000 down 5%USD leads, AUD lagsI mean, it wasn't that hawkish.Everyone was talking about a hawkish cut from the FOMC...
Economic calendar in Asia – Do you know what time the BoJ announcement is? Read on!
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,...
Trade ideas thread – Thursday, 19 December, 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,...
Tesla leads US stocks lower with a nearly 11% decline
Tesla has been the big winner of the US election so far, rising 70% from election night. But the spell on the equity market may have cracked today.Shares hit a fresh record at $488.54 shortly after the US equity open today but have since reversed hard and are now down...
Bitcoin falls more than 4% as risk trades drop on more-hawkish Fed
There were certainly signs of excess in this market and now bitcoin is signalling worries. Bitcoin hit $108.3K yesterday but has traced out a three-candle reversal now.It's down $4700 today or 4.4% and is now lower on the week.Bitcoin dailyMy question: What happens if...
US stocks falling sharply with the S&P and the Nasdaq now down over 1%
The major stock indices are moving to new lows as the Fed Chair says the call was a closer call with risk two-sided. That helped to push the USD higher as well.The Dow is down -0.83% while the S&P and the Nasdaq are down over 1% The S&P is currently down...
Powell Q&A: Today was a ‘closer call’ but we decided it was the right call
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,...
GBPUSD moves below swing area between 1.26598 and 1.2670
The GBPUSD moved lower - USD higher - on the Fed decision and in the process move below a swing area between 1.26598 and 1.2670. The 100 hour moving average at 1.26736 was also broken. That area is now topside resistance. Staying below is more bearish. On the...
Powell opening statement: Inflation is much closer to 2% goal
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,...
Watch live: Powell hosts the final FOMC press conference of the year
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,...
EURUSD moves lower on the more hawkish Fed cut
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,...
Australian dollar breaks the 2023 low after a hawkish Fed dot plot shift
AUD/USD has dipped below the 2023 intraday low of 0.6270 after the Federal Reserve interest rate decision. The Fed cut rates by 25 basis points, as expected but the dot plot forecast for 2025 rose to 3.9% from 3.4%. Most market watches were expecting 3.6% or...
A comparison of the December 2024 statement to the November 2024 statement
November 07December 18, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. ESTRecent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the...
FOMC December 2024 dot plot and central tendencies of economic forecasts
Here is the dot plot from September 2024 meeting:Here is the NEW dot plot from the December 2024 meeting:Below is the table of economic forecasts for GDP, Unemployment, PCE inflation and Core PCE inflation from the December 2024 meeting. What changes for 2025:Summary...
FOMC full statement for December 2024 meeting
December 18, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. ESTRecent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment...
The Federal Reserve cuts rates by 25 basis points, as expected. Dollar higher on dots
Prior was 4.50-4.75%The market was 97% priced in for a 25 bps cutFed adds a phrase about considering the 'extent and timing' of adjustments to ratesHammack dissents in favor of holding, no other dissentsPricing was for 48.3 bps of cuts in 2025, now at 39 bpsUSD/JPY...
For reference: Here was the November FOMC statement
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,...
FOMC preview: What’s priced in for the Fed in 2025 is what matters
The market is 96% priced for a quarter-point rate cut from the Federal Reserve today, bringing the Fed funds rate down to a range of 4.25-4.50%, what comes next is far less clear.The best way to look at 2025 might be a view of the year as a whole, because that's what...
EURUSD sellers pushes to the downside ahead of the FOMC rate decision
The EURUSD is moving to a new low on the day and in the process is moving away from the 200 hour MA and the 100 bar MA on the 4 hour chart. Those MAs come in at 1.0514 and 1.0522 respectively. Into the FOMC rate decision and moving above that area is needed to increas...