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,...
Have expectations for the FOMC swung too far away from rate cuts this year?
The following is (in brief) from Westpac, analysts there see challenges ahead for the US economy that could bring nearer-term rate cuts back to the table:The market response to the March US CPI report suggests participants continue to place a much higher weight on...
Analyst: US federal spending the biggest threat to disinflation & lower Fed interest rates
This via analysis from investment bank Piper Sandler should be no surprise to anyone:U.S. federal spending "is the biggest threat to disinflation and lower interest rates" Piper Sandler cite a projected $1.8 trillion deficit in the 2024 fiscal year, or 6.5% of GDP:...
Forexlive Americas FX news wrap 16 Apr: Central banker comments on policy diverge.
The market was treated to comments from 3 key central bankers including Fed's Powell: ECB Pres. Lagarde, and Fed Gov. Jefferson.Fed Chair Powell shifted his views. He highlighted that despite the strong performance of the U.S. economy, there has been a persistent lack...
Oil – private survey of inventory shows headline crude oil build much larger 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,...
Economic calendar in Asia for Wednesday, 17 April 2024 – New Zealand inflation data
New Zealand inflation data is expected to stay sticky high, above target. And thus the Reserve Bank of New Zealand cash rate is too. Central banks don't have a lot of policy tools apart from rates, so that's what they'll use (lookin' at you FOMC). I've seen plenty of...
Trade ideas thread – Wednesday, 17 April, 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,...
US major stock indices close mixed
The major US stock indices are ending the day with mixed results. The Dow industrial average closed modestly higher helped by a surge in UnitedHealth. Its shares rose $23.26 or 5.22% to $468.89. The S&P and NASDAQ index both fell modestly. A snapshot of the market...
Silver bounces off 200 hour MA on the last 2-tests
Silver on the daily chartThe price of silver moved to a high on Friday at $29.79. That got within $0.30 of the 2021 high at $30.09. The 2020 high reached $29.86. So there are 3 highs from 3 different years with $0.30. Those highs are the highest since 2013. Getting...
Canada budget to hike capital gains taxes, sees deficit forecast this year unchanged
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,...
How to steal $30 million in gold bars from the Toronto airport
AI imageAlmost exactly a year ago on April 17, 2023 a thief in Toronto pulled off an Ocean's 11-calibre crime with a theft of $20 million in gold bars from Toronto's Pearson Airport.He almost got away with it but today, police announced that arrests have been made in...
There are contradictory leaks from Israel
There's no telling what Israel will do next and the market remains on edge about escalation.The earlier report said the war cabinet decided to strike as soon as possible, another said the rest of the cabinet demanded to attack sensitive sites but Netanyahu refused,...
USDCHF consolidates near highs
USDCHF continues the consolidation.The USDCHF has gone nearly an entire day now and only trades in a 31 pips trading range. The average over the last 22-trading days was nearly twice that amount at 60 pips. So buyers and sellers are sparring with each other. Neither...
Israel decided to strike inside Iran “as soon as possible” – 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,...
It’s about what Powell didn’t say. Why the US dollar dipped after his talk
I don't think the FX market is too worried about the US delaying rate cuts. Right now, the market is down to 43 bps this year and a good portion of that is tail risks.What the market is worried about is Powell saying "we may need to raise rates further". He didn't say...
BOC’s Macklem: Supply has played a much bigger role than we’re used to
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’s Powell: Recent data shows a lack of progress on inflation this year
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 set to tax the rich today in budget. 3 charts that show why the country is angry
Canadians are angry.Prime Minister Justin Trudeau's Liberals are getting decimated in polls after 10 years of leadership and a runaway affordability crisis.Here are a few charts that illustrate why:1) Immigration levelsh/t @donnelly_brentEven 2-3 years ago, I would...
Fed’s Williams: It’s unclear what the rise of AI does for productivity
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,...
BOE’s Bailey: Inflation dynamics between the US and Europe are different
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,...