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Heads up: Federal Reserve Chair Powell speaking twice on Friday, fireside chat, roundtable

November 30, 2023

This’ll be the last we hear from the Fed chief prior to his press conference following the Federal Open Market Committee (FOMC) statement due on …

Central Banks

RBNZ’s Hawkesby: High, sticky core inflation leaves little room for error

November 30, 2023

Need to take seriously that some inflation expectation measures have ticked up New Zealand needs a period of very subdued spending Vast majority of borrowers …

Technical Analysis

EURUSD dips to key technical support. Weaker Eurozone CPI helps the sellers today

November 30, 2023

The EURUSD pair recently hit a new session low, testing a critical swing area and the 38.2% Fibonacci retracement level, ranging between 1.0878 and 1.0887. …

Central Banks

Another reason why Christine Lagarde is embodiment of everything that’s wrong with Europe

November 30, 2023

Not a single ECB press conference goes by without Christine Lagarde highlighting the war in Ukraine as she takes every opportunity to call it “unjustifiable” …

Technical Analysis

USDJPY Rebounds: Will Powell’s speeches tomorrow lead to the next shove for the pair?

November 30, 2023

In today’s trading, the USDJPY experienced a notable rebound, with its key technical targets positioned above, including the 200-hour moving average at 148.45, a swing …

Central Banks

ECBs Nagel: Considers further rate hikes as inflation risk persist

November 30, 2023

The ECB is not yet satisfied with the recent developments in inflation. Further rate hikes remain a possibility as inflation risks are still on the …

Technical Analysis

NASDAQ index on pace to end the month with a 2 day decline

November 30, 2023

The NASDAQ is on pace for its 2nd consecutive day to the downside. The price has been down 4 of the last 5 trading days. …

Central Banks

Atlanta Fed GDPNow estimate for Q4 growth comes in at 1.8% from 2.1%

November 30, 2023

The Atlanta Fed GDPNow estimate for 4Q growth has dipped to 1.8% from 2.1% on November 22. In their own words: The GDPNow model estimate …

Technical Analysis

NZDUSD rebounds from support and eyes upside momentum

November 30, 2023

The NZDUSD moved lower with the USDs run higher, but has snapped back higher after testing the high of a swing area going back to …

Sentiment

USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Sep 29, 2023 when USD/CAD traded near 1.36.

November 30, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading …

Central Banks

BOE’s Greene: Policy may have to be restrictive for an extended period of time

November 30, 2023

I believe r* may have risen The labour market has shown signs of inflation persistence Data on activity remains mixed though, so I continue to …