Crude oilThe price of the WTI crude oil futures are settling at $78.26. That is down $0.28 or -0.36%.The high price today reached $79.24. The low price extended to $77.99. At the high, the price tested the January 26 high at $79.29. Yesterday the price extended above...
Kiwi Dollar struggles at crucial moving average level
NZDUSD keeps finding support at the 200 day MAThe NZDUSD moved sharply lower yesterday after the Reserve Bank of New Zealand rate decision was unchanged with a more dovish bias. That was in contrast to the market assessment that the central bank would be more hawkish...
US House of Representatives passes stopgap bill to avert partial government shutdown
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,...
ECBs Panetta: Inflation is falling faster than 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,...
BLS retracted email highlights skews in CPI data
I missed this earlier but Bloomberg is out with an intriguing report highlighting US inflation dynamics around seasonal adjustments in the CPI report.It cites an email from the BLS that was sent to some users and the retracted. It said:The weights for single family...
Fed’s Mester doesn’t comment on monetary policy
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,...
Dallas Fed trimmed mean PCE price index +5.0% vs +1.8% prior
Six month annualized trimmed mean 2.9% vs 2.5% prior12 month trimmed mean 3.2% vs 3.2% priorThis is a big jump in core inflation.If you look at the major components, some of the deflationary stuff that was trimmed out was gasoline, used autos and jewelry.While things...
Bitcoin continues the run lower
As opposed to the tumble yesterday which moved the price of Bitcoin from $64000 to $58800 in about 15 minute window, today there has been a more orderly fall. As outlined earlier in a post (see post here), getting below the 200 bar MA (green line in the chart above,...
Bias shift: EURUSD drops to fresh session/week low and near key 4-hour chart MA
The EURUSD is moving to a new session and week low and in the process has broken back below a cluster of moving averages including the:200-day moving average 1.08256200- bar moving average on the 4-hour chart at 1.0820100-day moving average 1.08134.The prices also...
SF Fed Pres.Mary Daly: Fed policy is in a good place. Fed can cut if needed
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 Chicago Fed Pres. Goolsbee: External shocks are the things I worry about most
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,...
USDCHF spikes to new session highs. Approaches 200 day moving average.
The USDCHF Is breaking to the upside and in the process is running away from a cluster of moving averages including its:100-bar moving average on the four-hour chart at 0.87946, 100-hour moving average at 0.8798, and its 200-hour moving average at 0.8802. The price is...
European indices closed the day with mixed results
European traders are looking to exit for the day. Looking at the equity markets, they are closing with mixed results:German DAX, +0.44%France CAC, -0.34%UK FTSE 100, +0.07%Spain's Ibex, -0.67%Italy's FTSE 100, +0.10%Euro Stoxx index near unchangedAs a traders in...
More Atlanta Fed Pres. Bostic: Degree of risk exposure in the nonbanking sector worries me
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,...
Chicago Fed Pres. Goolsbee: We had new substantial progress over long-term on inflation
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 10 year yield remains confined in range
The US 10-year yield has moved to a low of 4.225% after the US PCE data today. It is currently trading at 4.234% down 4.0 basis points on the day. The high yield reached 4.319%.The move lower has taken the yield back below its near-converged 100 and 200 hour moving...
Atlanta Fed Pres. Bostic: Inflation came down much faster than he 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,...
Bitcoin’s price surge: Buyers leading short-term trend. Watch 200 bar MA on 5-minute chart
Bitcoin is higher on the day. The closing level yesterday was at $62,512. The current price is at $63,281.Yesterday saw a huge run up from $56,755-$64,000 at its session high. After that trend move higher, the price tumbled down to a low of $58,835 before bouncing...
US politics: U.S. Senate Majority Leader Schumer open for passage of stopgap funding today
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 Q1 growth dips to 3.0% from 3.2% in its latest model estimate
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,...