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Fed vice chair for supervision is worried that Trump will try to remove him – report
Fed's BarrFed vice chair for supervision Michael Barr is worried. He was appointed in 2022 for a term that lasts until 2032 but is worried that Trump may try to remove him.Reuters reports that he sought advice from law firm Arnold & Porter. I'm doubt this is...
Dallas Fed trimmed mean November PCE price index +1.8% vs +2.9%
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,...
House speaker Johnson: We have a unified agreement among Republicans
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,...
Video: The real thing to watch with the new US government
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,...
Trump’s tariff threats don’t seem so bad
The classic tweet from Dec 2018The fear in markets is that Trump is going to be hitting everyone with tariffs. He's a very tough guy to predict but I'm growing more optimistic.1) The threats to Mexico and Canada are solvableOne of his first post-election tweets talked...
House Republican leadership suggests progress on an agreement on the debt limit
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,...
USDCHF reaches its 200 hour MA and swing area target
The USDCHF fell below its 100 hour moving average, swing area and upward sloping trendline near 0.8956. That tilted the short-term bias to the downside. That momentum continued to the next key target area defined by the rising 200 hour moving average (green line on...
EURUSD testing the 100 hour MA and near a key swing area
The EURUSD is stretching higher and it has now broken back above the November 26 swing low at 1.0442 and is testing its falling 100-hour moving average at 1.0443 (blue line on the chart above). Just above that is a swing area between 1.0448 and 1.0461 and the falling...
Trump to demand NATO members spend 5% of GDP on defense – report
Currently the NATO target is 2% of GDP and 9 of the 32 members don't even hit that.According to the FT, Trump's team has told European officials that he will demand that NATO states spending 5% of GDP on defense and also that he plans to continuing supplying aid to...
GBPUSD breaks higher. The next key target area between 1.2596 and 1.26147
The GBP/USD has extended its recovery after reaching its lowest level since May 10, with the decline bottoming out at 1.24739, just below the November low at 1.24865. Early in the US session, the pair began to reverse course with more momentum, regaining prior breaks...
Our INTC trade idea filled its first buy order
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US Congress may vote on three separate bills
CNN's Sahil Kapur reports on a new plan to vote on three separate bills in Congress:Clean continuing resolution Disaster relief Agriculture/farmer aidThe key here is what's in the continuing resolution and how long it will prevent a government shutdown for?Whatever...
European equity close: Down but well-above the lows
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Democrat Jeffries says ‘lines of communication’ reopened with Johnson
Mike Johnson and Hakeem JeffriesCongressional Republicans are in a real jam.They need to either make a deal with Democrats (or at least a few dozen of them) to pass a bi-partisan continuing resolution and defy Trump; or they need to follow Trump's instructions, shut...
US stocks continue to rise. NASDAQ index 202 points after being down -204 points at lows
The major US indices have continued their runs to the upside as the fears of a government shutdown fades, and comforting words from Fed Goolsbee (he is a dove). Looking at the major indices:Dow industrial average is not 512 points or 1.21% and 42856.45.S&P index...
Canada’s NDP says they will vote to defeat the Liberal government
Jagmeet Singh and Justin TrudeauThe NDP has been the propping up the minority Liberal government since the 2021 election. It was a formal alliance for most of that time but lately it's be one-off partnership.Now, with the Liberals in disarray, the NDP says it's...
Canada October budget balance C$-1.49 billion vs previous C$-3.17 billion
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Fed’s Goolsby: Nice to get inflation number that better 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,...
EU consumer confidence flesh for December -14.5 versus -13.7 last month
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,...