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The GBPJPY dips to the 100 hour MA and pauses. Can the price break below?

November 16, 2023

The GBPJPY is down for the 2nd consecutive day after peaking on Tuesday at the highest level since November 2015. The move down today reached …

Technical Analysis

GBPUSD stays below key cluster of upside technical targets keeping sellers in play/control

November 16, 2023

The GBPUSD moved higher today, but at session highs, the pair tested but could not get above the 38.2% retracement of the move down from …

Central Banks

Three Fed officials see case for ‘considerable Fed balance sheet decline’ – report

November 16, 2023

See case for considerable balance sheet decline Balance sheet wind-down depends on markets and the economy Not targeting a dollar value for balance sheet There …

Central Banks

Fed’s Mester: I am expecting growth to slow below trend

November 16, 2023

I don’t have a recession in my forecast It’s been a strong and resilient economy but inflation has moved down Term premium played a role …

Technical Analysis

USDCAD soars to new highs as oil prices plummet, creating bullish bias. Oil tests $73.

November 16, 2023

The USDCAD is surging (lower CAD) as the pair reacts to sharply lower oil prices. The price of crude oil is now testing the $73.00 …

Central Banks

Feds Cook: Risk are two sided. I believe that a soft landing is possible

November 16, 2023

Fed’s Cook is on the wires saying: I believe that a soft landing is possible Risks are two-sided, must balance risk of not tightening policy …

Technical Analysis

Crude oil trades to a new low

November 16, 2023

With the weaker US data, the price of crude oil has rolled over and moved to new lows going back to July. The price is …

Central Banks

BOE’s Ramsden: Latest projections indicate mon pol to be restrictive for extended period

November 16, 2023

Latest projections indicate that monetary policy is likely to need to be restrictive for an extended period Mon pol will need to be sufficiently restrictive …