Good morning, afternoon and evening all. The Fed kept rates unchanged with the Fed Chair dancing around future policy expectations. The Fed Funds futures for December are pricing no change in policy. You have to go to July to see some easing expectations (implying...
Costco total sales for October rise by 3%
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,...
China agrees to arms control talks with the US
According to the Wall Street Journal, China is agreeing to arms control talks with the US.According to the article: The Biden administration is preparing for a discussion with China on nuclear-arms control to address concerns about a destabilizing three-way arms race...
A summary of the earnings after the close. Doordash, Qualcom, AirBnB all 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,...
A summary of the headlines from Fed Chair Powell’s press conference
Economic Outlook and Monetary Policy:The unwinding of the pandemic effects make this cycle unique. We are still learning about how it plays out.We may have underestimated balance sheet strength households, businesses. There can still be more of that than we think in...
US stock indices close higher for the 3rd consecutive day this week
The NASDAQ index is up for the 4th consecutive day. The S&P and the Dow industrial average are up for the 3rd consecutive day. The gates they were led by the NASDAQ index which rose 1.64%. For the week the index is now up 2.64%.A snapshot of the closing levels for...
Forexlive Americas FX news wrap: Dollar sinks after the FOMC, bond yields drop
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,...
Gundlach: I believe we’ve started a bond rally here
DoubleLine bond fund manager Jeff Gundlach is on CNBC following the FOMC decision and he called for a rally in bonds. There certainly is one today with yields 7-13 bps lower on the day and that's after trading higher earlier.US 10 year yieldsPowell wasn't hawkish...
The Nasdaq rallies and US dollar slips as Powell sees two-sided inflation risks
The Nasdaq is at a session high, up 1.6% in the aftermath of the FOMC decision and Powell's press conference."It feels like the risks are more two-sided now around inflation," Powell said.At one point there was a dip in risk assets and a bounce in the dollar as he...
Powell Q&A: We are attentive to the increase in longer-term yields
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,...
Powell opening statement: The Committee is proceeding carefully
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,...
Watch live: Press conference from Fed Chairman Jerome Powell
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 Q4 GDPNow +1.2% vs +2.3% previously
The Atlanta Fed GDPNow tracker got plenty of attention ahead of last week's GDP report because it was persistently on the high side and that proved to be right.Now, it's downshifting significantly and sees 1.2% growth in Q4.After this morning’s construction spending...
Little change in Fed pricing in the aftermath of the FOMC decision
The kneejerk reaction in the FX market to the Fed decision was lower in the US dollar. That reflects tail risks that the Fed might have introduced more of a hawkish bias after strong Q3 growth numbers and stubbornly high employment.Instead, the FOMC statement was...
FOMC Statement for the November 2023 rate decision
Federal Reserve issues FOMC statementFor release at 2:00 p.m. EDTRecent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has...
Federal Reserve interest rate decision: No change
Prior Fed funds rate was 5.25-5.50%Recent indicators suggest that economic activity expanded at a strong pace in the third quarter vs prior statement that said economy was 'solid'Repeats that inflation remains elevated.Repeats " the extent of additional policy firming...
The FOMC decision is coming up next. What to watch for
The Federal Reserve will almost surely leave rates unchanged in the current range of 5.25-5.50% at the top of the hour. The intrigue will be in the statement and commentary from Chairman Jerome Powell in the press conference.Here is how the previous statement...
Oil Price Forecast: 100-Day MA Provides Support to WTI but Will it Last?
WTI OIL PRICE, CHARTS AND ANALYSIS:WTI Struggling to Hold the High Ground Thanks in Part to a Resurgent US Dollar.Middle East Conflict to Remain a Critical Driver as it Continues to Underpin Oil Prices.EIA Inventories Rose Once More According to the Data.To Learn More...
MUFG: Key points on today’s FOMC decision
Fed Chair PowellMUFG delves deep into the anticipated FOMC decision, suggesting that, while the FOMC will most likely keep the fed funds rate unchanged, market participants should be keenly watching for any deviations in the typical messaging from the Federal...
Bitcoin reverses lower after touching a fresh 18-month high
Risk assets are rallying today and the US dollar is falling. That's normally a good mix for bitcoin but after touching the best levels since May 2022, bitcoin has reversed lower.The high was $35,197, which is a handful of dollars above last week's ETF-optimism...