The Asian session saw some Fed speak and the storyline is starting to be hammered home from Fed officials - "Although there is good and bad, the Fed is not easing soon".Federal Reserve governor Christopher Waller emphasized a cautious approach to monetary policy,...
Don’t forget about the bond market as we look towards the end of the week
The big story in markets has been the surging rally in stocks on Nvidia yesterday. That has stolen the spotlight but let's not forget about the other moving parts in play. So far this year, the bond market is one of those key components and it will once again be a...
Add Goldman to list of companies looking for June hike
Nick Timiraos is tweeting that Goldman has now pushed the first cut to June from May joining others. Fed officials have been pushing "later vs sooner". The analysts are now seeing it more and the market has also pushed up yields have pushed yields higher as well....
The USDJPY buyers are holding onto control. Can they keep the control?
The USDJPY has been waffling up and down since the run higher after the US CPI on February 13. Since then the price has rotated between 150.88 down to 149.52, with the price action even more contained this week.That range this week found support buyers near the low of...
GBPUSD back up testing the 200 bar MA on the 4-hour chart again. Can it break the MA again
Last week, the GBPUSD moved up to test the 200-bar moving average on the four hour chart and found willing sellers.Earlier this week, the price moved up to the 200 bar moving average again and found willing sellers.On Thursday, the price finally broke above that...
Shanghai composite index rises above the 3000 point mark
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China’s house prices YoY for January -0.4% MoM vs -0.4% last month
Prior month -0.4% MoMMoM for January -0.4% vs -0.5% last monthJanuary YoY -0.7% vs -0.4% in DecemberIt was reported earlier that the US and China are in talks over innovative emerging market debt plans to prevent surge in defaults. It was also reported that China is...
Hong Kongs Hang Seng index to open down -0.5% at start of trading
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,...
PBOC sets USDCNY midpoint at 7.1064
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,...
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US Dollar’s Bullish Bias Holds Steady; Setups on EUR/USD, GBP/USD, Gold Prices
Most Read: Japanese Yen Forecast - Brighter Days Ahead; Setups on USD/JPY, EUR/JPY, GBP/JPYMarket participants will be on tenterhooks in the coming days ahead of a high-impact item on the U.S. calendar next week: the release of core PCE data – the Fed’s favorite...
More from Fed’s Waller: Stock market gains are largely being driven by 7 firms
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Fed Gov. Waller:The start of policy easing &number of rate cuts will depend on data.
Fed's Waller is speaking and says:The start of policy easing and the number of rate cuts will depend on incoming data.The Committee can wait a little longer to ease monetary policy.Puzzled by the narrative that delaying cuts for a meeting or two risks causing a...
Reuters Poll: 45 of 88 see a correction in the stock markets is likely in the coming 3 mo.
A Reuters Poll finds that 45 of 88 respondents see a likely correction in the coming 3 months. That leaves 43 of 88 who see it as unlikely. Looking at some of the major indices the following are making or near all time highs:German DaxFrance's Cac Euro Stoxx Nikkei...
UK GfK Consumer confidence -21 vs -18 estimate
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UK GfK Consumer confidence to be released at top of the hour +1 minute
The UK GfK consumer sentiment index will be released at the top of the hour plus 1 minute (so 7:01 PM ET). The expectation is for a reading of -18 vs -19 last month. The GfK Consumer Confidence Index is a measure designed to evaluate consumer sentiment regarding the...
Australia S&P/ASX 200 index up 0.54% at 7652.10
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EURUSD holds the 100-day MA and bounces. Buyers made a save against the MA level.
The EURUSD yesterday had an up-and-down move yesterday. On the way down, the price moved back below the 200 bar MA on the 4-hour chart at 1.08367, the 200-day MA at 1.08246, but found support buyers at the 100-day MA at 1.08028. Buyers saved the day by leaning against...
More from Fed Gov. Lisa Cook: US financial system is still resilient, well-capitalized
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,...
AUDUSD technical analysis: Support near 100 day MA holds strong
The AUDUSD had an up-and-down day yesterday that initially saw the pair move above its key 200-day moving average, 200-bar moving average on the 4-hour chart, and 50% midpoint of the trading range since the October 2023 low. All those levels came between 0.65609 and...