Fed Chair Powell's Testimony Summary:Economic Outlook and Policy Rate AdjustmentsThe Federal Reserve does not foresee reducing the policy rate until there is greater confidence that inflation is moving sustainably toward the 2% target.A possible dial-back of policy...
More from Fed Powell: Artificial intelligence impact on productivity is hard to say
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,...
More from SF Fed Pres.Mary Daly: Fed is facing calibration exercise on policy
Fed's DalyPolicy is in a good place, there is more work to doEncouraged we been able to bring inflation down with labor market solidWe are on path to bring inflation down as gently as we canFed is facing calibration exercise on policyHolding on too long with rates...
New York Community Bancorp (NYCB) seeks outside capital to shore up balance sheet
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 trades lower and tests key moving average. Buyers enter at level on the first test.
The USDJPY has continued its run to the downside and in the process did reach its target against the 200 bar moving average on the 4- hour chart at 149.147. The price dipped briefly below the level but has since bounced back and currently trades at 149.27. It would...
SF Fed Pres.Mary Daly: Fed is focused, resolute on getting inflation down
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 Fed GDPNow growth estimate rises to 2.5% from 2.1% last
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,...
Gold makes new all time highs in sixth straight day of gains
There is something of a 'buy everything' mood in the market today with stocks, bonds and commodities all strong today. The was some worry that Powell would spoil the party but he stuck to the recent script and slightly soft readings on ADP and JOLTS highlighted a...
The USD is moving lower and making breaks in many of the major currencies. What next?
The US dollar is moving lower as the Fed chair testifies on Capitol Hill. The Bank of Canada has also announced their recent rate decision and was less dovish than expectations.New USD lows are being made vs the EUR, CHF, CAD, NZD and USD, and I look at each of those...
BOC’s Macklem Q&A: If we look beyond shelter, we’re seeing underlying inflation persist
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,...
Weekly crude oil inventories built 1.367 million versus 2.116M estimate
Crude oil inventories 1.367 million versus 2.116M build estimateGasoline inventories drawdown -4.460 million versus -1.640 drawdown estimateDistilates inventories drawdown -4.131 million versus -0.665M drawdown estimateCushing build 0.701M versus 1.458 million build...
Powell testimony: Let’s see “a little bit more data” so we can become confident
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,...
Canada February Ivey PMI index (SA) 53.9 versus 56.5 last month
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 wholesale inventories for January (revised) -0.3 versus -0.1% preliminary
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 January JOLTS job openings 8.863m vs 8.900m 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 full statement from the Bank of Canada March interest rate decision
FOR IMMEDIATE RELEASEMarch 6, 2024The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.Global economic growth slowed in the fourth...
Bank of Canada rate decision: Rates held at 5.00% vs 5.00% 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,...
NASDAQ index leading the way to the upside in US stocks at the open
The NASDAQ index is leading the way to the outside as the major indices open with gains to start the trading day. Fed Chair Powell's testimony on Capitol Hill will be a focus. That testimony starts at 10 AM ET. A snapshot of the market currently shows:Dow industrial...
Traders prepare for BOC rate decision and Chair Powell. What USDCAD levels are play?
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,...
Gold and US Stocks Rise While Leaving the Dollar Behind
The 10 most influential stocks within the NASDAQ rise in pre-market hours. Will the USA100 rebound after recently declining to the previous support level? Chip makers witness the strongest rebound prior to the market open. NVIDIA up 1.68% and AMD +2.48%. Investors...