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
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 dollar softens in the count down to the FOMC 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,...
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...
EURUSD price action ahead of crucial FOMC decision
EURUSD ping-pongs ahead of FOMC rate decisionIn the European session, EURUSD saw a downward trend, notably breaking below its 100-day moving average (MA) at 1.0857. The decline continued until the currency pair reached and tested significant support levels—the 200-day...
The SEC is waging a compaign to classify ethereum as a security – report
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,...
NZDUSD trades to new 2024 lows today and maintains a bearish bias. What shift the bias?
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,...
Ethereum Foundation under investigation – report
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 traders stall the rise today against a key MA and keep the sellers in control
The AUDUSD moved higher in early Asian trading today but found willing sellers against it to hundred bar moving out on the four hour chart had 0.65399. That moving average is the first of a series of moving averages that would need to be broken on the topside to shift...
March Eurozone consumer confidence -14.9 vs -15.0 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 quick stock market snapshot is mixed. Waiting for Jerome.
Stock market heatmap bu FinViz.com, start of 20 March 2024📈 Sector overview: In today’s trading session, the technology sector is showing resilience, with Microsoft (MSFT) slightly up by 0.07%. The semiconductor space, however, is exhibiting a modest retreat, with...
Introducing Trader Zone at FMAS:24!
The Finance Magnates Africa Summit 2024 (FMAS:24), will be here before you know it, coming this May 20-22 to Sandton City, South Africa. Now in its second year, the premium event will be expanding its content track, introducing the Trader Zone to cater to a growing...
EIA weekly crude oil inventories -1952K vs +13K 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,...
USDCAD bounces higher today but finds sellers near swing area resistance. What next?
The USDCAD yesterday moved higher and moved into a swing area on the 4-hour chart between 1.36049 and 1.36269. In between sits the 61.8% retracement of the move down from the November 2023 high to the December 2023 low at 1.3623. That move to the upside failed and the...
Oil lower ahead of US inventory report
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,...