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,...
USDJPY falls below 100 hour MA and runs lower.
The USDJPY broke below the 100-day moving average and scooted all the way down to the 200-hour moving average at 155.98. The price moved below that moving average on its way to a low price of 155.793 before bouncing back to the upside. Recall from Monday's trade after...
USD/JPY slammed lower
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,...
Bank of Canada Governor Macklem expects core inflation to continue to ease gradually
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,...
CAD traders – Macklem speaking imminently (1615 Eastern time 2015 GMT)
Governor of the Bank of Canada, Tiff Macklem, will appear before the Standing Senate Committee on Banking, Commerce and the Economy. He will be accompanied by Senior Deputy Governor Carolyn Rogers.His speech will hit the Bank of Canada website at 1615 Eastern time....
Broader stock indices snatch defeat from the jaws of victory
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: Fed pushes back against rate hike fears
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 Thursday, 2 May 2024, Bank of Japan minutes
The Bank of Japan minutes are from the meeting held on March 18 and 19. Given we had a more recent meeting (the one on April 25 and 26) these minutes are not expected to provide much fresh insight.As for the yen, its been given a little respite by the market (sell the...
Trade ideas thread – Thursday, 2 May, 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,...
A review of the price action in the major markets before, during and after
An Executive Summary of Fed Chair Powell's CommentsFederal Reserve Policy and Regulatory Framework:Powell emphasized the significance of completing the Basel 3 process, underscoring it as a critical regulatory priority for the Federal Reserve. The Fed remains...
What we learned from Powell and the Federal Reserve interest rate decision
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,...
Dollar moves lower. Stocks higher as markets react positively to Powell’s comments
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,...
Powell Q&A: I do think policy is restritive and weighing on demand
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,...
Powell opening statement: Further progress on inflation not assured, path uncertain
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: The press conference from Jerome Powell for May 1, 2024
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,...
Dollar eases slightly, stocks edge up, yields dip after FOMC
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 full statement from the May 2024 FOMC rate decision.
May 01, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. EDTRecent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over...
FOMC decision: Interest rates unchanged, Fed cites lack of further progress on inflation
Prior was 5.25-5.50%QT pace $25 billion vs $60 billion ($30 billion was expected)Economic activity described as 'continued to expand at a solid pace' vs 'expanding at a solid pace' priorJobs gains described as 'have remained strong' vs 'have remained strong'...
What’s priced in for the FOMC ahead of today’s decision
The market is currently priced for 30 bps of Fed easing this year, with the November meeting priced at about 80%. Of course, there are tail risks priced in for later in the year so I'd peg 'what's expected' at closer to no cuts at all.Stretching out to August 2025,...
Atlanta Fed GDPNow Q2 growth estimate dips to 3.3% from 3.9%
The Atlanta Fed GDPNow growth estimate for Q2 growth moved to 3.3% from 3.9% in its inaugural model value. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.3 percent on May 1, down...