more to comeWe had the RBA meeting this week, the Bank moved a little bit more dovish:The Australian jobs report will be eyed by the RBA, and they'll have noticed the quick move higher in the unemployment rate in recent months. Its up 0.5% since September of last...
Trade ideas thread – Thursday, 21 March, 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,...
What did the volatility from the FOMC decision do to the technicals in the USDJPY?
The USDJPY stalled at some key levels at the highs today, and on the run lower after the 40 rate decision and comments from that that is press conference held some pretty key support against old highs from 2024 and a key retracement level. It keeps the buyers and...
Major indices on pace for record closes
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How comments from Fed’s Powell can be organized by topic
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Powell wraps up: Beward the post-press conference move
The market reaction has clearly been dovish so far with the market now pricing in 81 bps in easing this year versus 75 at the time of the decision. US 2-year yields are down 7.3 bps on the day and the US dollar is at the lows.That reaction makes sense to me as Powell...
EURUSD and GBPUSD extending higher and above respective 200 hour moving averages
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Powell Q&A: The economy is performing well
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BOJ: Hike leaves room for us to consider rolling out another increase before year end
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Bank of Japan weighing next rate hike in July – report
The BOJ may not like how the yen has responded to this hike, or see it as a green light to continue hiking.Nikkei is out with a report speculating about a July hike is out.Additional hikes are of course on the table," a BOJ source said.The report also says an October...
Powell opening statement: Risks are moving into better balance
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Watch live: Powell’s press conference
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 dot plot & central tendencies from March 2024 meeting.EOY 2024 rate 4.6% vs 4.6% last
The FOMC dot plot from December 2024 showed the median rate at the end of 2024 at 4.6%. In the March report:For 2024, the median fed funds target rate is now 4.6% vs 4.6% in DecemberFor 2025, the median fed funds target rate is now 3.9% vs 3.6% in DecemberFor 2026,...
The full statement from the FOMC rate decision on March 20, 2024
March 20, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. EDTRecent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the...
Oil technical analysis & oil price forecast, FOMC meeting
Oil - failed breakout. Bearish unlss it recaptures $82As we traverse through 2023, the oil market has presented a roller coaster of price movements that have captivated traders and investors alike. The Light Crude Oil Futures, a barometer for global economic health...
Federal Reserve interest rate decision: Rates left unchanged
Fed funds target range remains 5.25-5.50%, as widely expectedPreviously, the key line was "The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent" --...
For reference: Here is the January 31 FOMC statement
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early last year but remain strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated.The Committee...
BOC Minutes: Conditions should materialize for cuts in 2024 but ideas on timing differed
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US dollar softens in the count down to the FOMC decision
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Are the dots the wrong thing to be focused on?
AI imageThe market likes to focus on the dot plot because it's the clearest indication of where the Fed plans to have its policy rate. That said, there's an inherent uncertainty around the dots that doesn't capture the Fed's thinking.Maybe it's better to focus on the...