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 wage growth tracker falls to 5% from 5.2%
Atlanta Fed wage growth trackerThe Atlanta Fed wage growth tracker has fallen to 5% from 5.2% last month. The growth rate is at its lowest level since December 2021 when it reached 4.5%.Looking at the chart above, the pre-pandemic inflation surge hig was near 4% with...
NASDAQ is up over 1%. S&P tests 5000
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 consumer credit rose by $1.56 billion versus estimate of $16.0 billion
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,...
Crude oil futures settle at $73.86
The price of WTI crude futures is closing up $0.55 or 0.75% at $73.86. Looking at the hourly chart below, the price moved above its 100 hour moving average earlier in the day and has been able to stay above that moving average. The high price today did stall ahead of...
USDJPY sellers had their shot, but missed as buyers leaned on support. What next?
The USDJPY moved lower earlier in the day as yields dipped into negative territory. However, after falling below its 100-hour moving average, buyers did show up between the 100-day moving average at 147.597 and the 200-hour movie area at 147.675. The inability to move...
CBO Report: US Fiscal & Economic Outlook | $20.016 Trillion Deficit Projected
The Congressional Budget Office (CBO) provides a comprehensive forecast based on current laws, including the assumption that the 2017 individual tax cuts will expire at the end of 2025. Here's a summary of their projections:The CBO forecasts the U.S. fiscal year 2024...
BOC meeting minutes: Particularly concerned about persistent inflation/cutting prematurely
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,...
U.S. Treasury auction off $42 billion of 10 year notes at a high yield of 4.093%
The US treasury auctioned off $42 billion of 10 year notes. That is a record amount ($41B was the previous record amount)High Yield: 4.093% , prev. 4.024%WI level at the time of the auction: 4.105%Tail: -1.2 bps, prev. 0.5bps, six-auction avg. 0.8bpsBid-to-Cover...
The 2nd leg of the Treasuries auctions continues with 10 year notes at the top of the hour
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 Richmond Fed Pres Barkin: Services/rent inflation have stayed elevated
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,...
Israel PM Netanyahu: Goals of war have not changed
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 model for Q1 growth dips to 3.4% from 4.2%
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 Fed’s Collins: Economic risks have come into better balance
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,...
Richmond Fed Pres Barkin: Makes sense to be patient on rate cuts
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 trades below its 200 day MA. Can the price they below that moving average?
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,...
Feds Collins: Likely to cut rates later this year if economy meets expectations
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,...
Q&A Feds Kugler: Disinflation was rapid in the second half of 2023
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,...
Fed Gov. Adriana Kugler: Job on inflation is not done yet. Policy stance is restrictive
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,...
Fed Gov. Adriana Kugler is scheduled to speak at the top of the hour
Fed Gov. Adriana Kugler is scheduled to speak at the top of the hour. She is due to speak about the economic outlook and monetary policy at the Brookings Institution, in Washington DC.Kugler joined the Federal Reserve Board in September 2023 and is the first Latino to...