Bank of America CEO Brian Moynihan was on CNBC today and said that the weak consumer confidence data hasn't resulted in slower spending."We're in this classic moment ... where the consumer is saying, 'I'm getting more pessimistic,' in some of the surveys and things...
The USDCHF is higher after bouncing off low from last week (low for year). What next?
The USDCHF fell in trading yesterday after breaking below the 200 day MA (near 0.8812). The tumble took the price of the pair down to the low price from last week at 0.8758. That low was also near a low going back to December (see red numbered circles on the chart...
US dollar firms with US equities set to open higher
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The European Commission is making a fresh push for integration of EU capital markets
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Hassett: Fed likely a little tighter than equilibrium right now
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Canada Teranet February house price index -0.1% m/m vs -0.1% prior
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April 2 Trump tariff strategy growing more clear
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BOJ keeps rates unchanged. Fed is next. What are the technicals telling traders?
The USD is higher ahead of the FOMC rate decision and after the BOJ rate decision overnight. IN the video above, I take a technical look at the 3 major currency pairs to kickstart the US/North American session where the greenback is higher, stocks are modestly higher...
ForexLive European FX news wrap: Dollar firmer with eyes on the Fed
Headlines:Markets:USD leads, NZD lags on the dayEuropean equities mixed; S&P 500 futures up 0.2%US 10-year yields up 1.3 bps to 4.294%Gold up 0.2% to $3,039.55WTI crude down 0.1% to $66.81Bitcoin up 2.2% to $83,829The dollar is keeping steadier on the day with the...
What are analysts saying ahead of the Fed later?
The rate decision for today is very much a given. But what else is there to look out for? Let's dive straight into it.BofA- Dot plots: 3.9% for 2025, 3.4% for 2026, 3.4% for 2027, 3.3% for longer run- “Markets could interpret the Fed's message as hawkish because they...
NZDUSD Technical Analysis – Eyes on the FOMC decision
Fundamental OverviewThe USD continues to remain under pressure against most major currencies despite higher Core PCE estimates following the US CPI and PPI reports, and a better-than-expected Retail Sales data on Monday. The market pricing for the Fed went from...
US MBA mortgage applications w.e. 14 March -6.2% vs +11.2% prior
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GBPUSD Technical Analysis – FOMC and BoE decisions in focus
Fundamental OverviewThe USD continues to remain under pressure against most major currencies despite higher Core PCE estimates following the US CPI and PPI reports, and a better-than-expected Retail Sales data on Monday. The market pricing for the Fed went from...
Eurozone February final CPI +2.3% vs +2.4% y/y prelim
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EURUSD Technical Analysis – All eyes on the FOMC decision
Fundamental OverviewThe USD continues to remain under pressure against most major currencies despite higher Core PCE estimates following the US CPI and PPI reports, and a better-than-expected Retail Sales data on Monday. The market pricing for the Fed went from...
Russian forces said to have attacked power system of Ukraine’s state railways this morning
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USDCHF Technical Analysis – FOMC and SNB decisions in the spotlight
Fundamental OverviewThe USD continues to remain under pressure against most major currencies despite higher Core PCE estimates following the US CPI and PPI reports, and a better-than-expected Retail Sales data on Monday. The market pricing for the Fed went from...
Gold Technical Analysis – All eyes on the FOMC Policy Announcement
Fundamental OverviewGold extended the rally into even higher highs recently as the bullish momentum remained strong. In the bigger picture, as long as the Fed doesn’t change its reaction function and doesn’t mention rate hikes, the trend should remain to the upside as...
Turkish lira implosion triggers safety flows in markets
The lira is imploding amid rising political risks in Turkey after Erdogan's main rival and Istanbul mayor, Ekrem Imamoglu, was detained this morning. It's pretty much a case of Erdogan enforcing his will in trying to bar anyone else from challenging his position as...
BOJ governor Ueda: Achieving 2% inflation target important for long-term credibility
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