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Fed mon pol report: Bringing inflation down will require period of below-trend growth

June 16, 2023

Inflation well above target, labor market very tight Some indications of future business defaults are elevated Financial conditions have tightened since January Will adjust pace …

Technical Analysis

AUDUSD shows a crack in the bullish move… maybe?

June 16, 2023

The AUDUSD has been up 10 of the last 11 trading days. The move from the low reached 0.6457 on May 31, and reached a …

Technical Analysis

The sellers are winning in the USDCAD. What would turn that bias around?

June 16, 2023

In the USDCAD, the sellers have pushed the price below a swing area between 1.3207 and 1.32299. The low price just reached 1.31942. Staying below …

Technical Analysis

“Reading the tape” in the USDJPY.

June 16, 2023

In the old days stock traders is to “read the tape”. They literally read the tickertape of the trades that were going through live and …

Central Banks

Richmond Fed Barkin: Comfortable doing more on interest rates if demand does not slow

June 16, 2023

Richmond Fed Barkin (non voting) is speaking and says: Is “comfortable doing more” on interest rates if the coming data doesn’t confirm a story that …

Central Banks

Waller: It’s ‘disturbing’ that core inflation not improving

June 16, 2023

It’s disturbing that core inflation isn’t moving, will probably require more tightening Core inflation is not coming down ‘like I thought it would’ So far …

Technical Analysis

EURUSD extends higher after big move higher yesterday

June 16, 2023

The EURUSD has extended to a new high and entered further into what was the trading range going back to April and early May (above …

Central Banks

Fed’s Waller: US economy is still ‘ripping along’

June 16, 2023

Right now everything ‘seems to be calm’ in the banking system Global spillovers from expected from coordinated central bank tightening have to really materialized It’s …

Technical Analysis

The GBP is the strongest and the JPY is the weakest as the North American session begins

June 16, 2023

The GBP is the strongest of the major currencies and the JPY is the weakest as the North American traders enter for the new trading …

Technical Analysis

NZDUSD Technical Analysis

June 16, 2023

This week, the Fed took a slightly more hawkish approach than expected by keeping interest rates steady at 5.00-5.25 but raising the projected terminal rate …

Central Banks

ECB’s Wunsch: Could hike again in September unless core inflation drops substantially

June 16, 2023

Core inflation holding around 5% could require rate hike in September, possibly beyond Not yet seeing beginning of slowdown in core inflation That’s a better …