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,...
China’s Auto Exports Set Monthly Record in March
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,...
Atlanta Federal Reserve says Sticky Price Consumer Price Index +5% yy in March (prior +4%)
From the 'FRED' research at St. Louis Federal Reserve Bank, conveying research from the Atlanta Fed:Sticky price CPI (slow-to-change consumer prices) rose 5.0% on an annualized basis in March, following a 4.0% increase in FebruaryDown from its peak, sure, but rising...
Japan’s Kanda says prepared to necessary steps on rapid yen fall
Japan's Finance Ministry's Vice Finance Minister for International Affairs Kanda. He is the official who will instruct the BOJ to intervene, when he judges it necessary. Often referred to as Japan's 'top currency diplomat'. Recent yen moves are rapidWon't rule out any...
Responses to CPI saying its in components the Fed cannot control with rates are misguided
OK folks, you'll be reading so many responses to the rising US CPI saying its in components the Fed cannot control with rates. The basic objection to the higher CPI is that its in components that the Fed can do nothing about. So the Fed should still cut because rates...
US SEC targeting another crypto platform, Uniswap Labs facing potential enforcement action
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,...
ICYMI – Goldman Sachs pushes Fed rate cut call to July (from June)
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,...
Wells Fargo expect only 2 Fed rate cuts this year, one each in Q3 and Q4
Wells Fargo argue that as the year goes on, the disinflationary tailwind from goods is probably going to fade but the slower rise in service prices should keep core inflation falling.Over the course of the year ahead they expect:moderating housing inflationeasing...
BlackRock’s head of global fixed income says Fed rate cuts probably late in 2024 or beyond
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,...
Forexlive Americas FX news wrap: US CPI runs hot, Bank of Canada holds rates
Markets:US 10-year yields up 18 bps to 4.54%WTI crude oil up $1.05 to $86.28Gold down $20 to $2332S&P 500 down 49 points, or 0.9%, to 5160USD leads, AUD lagsThe inflation doves were clinging to ever-declining shreds of evidence about falling inflation ahead of the...
USD/JPY pops up through 153.00
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,...
When FOMC minutes go stale even before they are published
The minutes of the Federal Open Market Committee (FOMC) March meeting are well past their use-by date:Maybe they have some nutritional value left, I'll concede 'in 2024' might mean a cut in, I dunno, September or December? More likely before the US Presidential...
US CENTCOM Commander prepares for potential Iran attack on Israel
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,...
US stocks close lower after higher than expected CPI
The major US stock indices closed lower today after stronger than expected CPI data sent the yields sharply higher. The biggest declines were in the small-cap Russell 2000 which fell by -2.52%.A snapshot of the closing levels shows:Dow industrial average fell -422.18...
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Economic calendar in Asia Thursday, 11 April, China inflation data for March (CPI & PPI)
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, 11 April, 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,...
AUDUSD pushes toward low extremes with the USD buying today. What next technically?
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,...
A perfect storm is about to hit global power grids
The power grid is going to be an incredible bottleneck.1) It started with years of underinvestment and NIMBY policies like California's liability laws and Vermont voting against lines to provide hydro-electric power to Massachusetts. 2) The spike was already set in...
Crude oil futures settle at $86.21
Crude oil futures are settling at $86.21. That's up $0.98 or 1.15% on the day.Crude oil bounces back above 100 hour moving averageThe high price for the day has reached $86.32. The low price was at $84.58. The price is settling near the high for the day.Looking at the...