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Unveiling the truth: US inflation rates misleading, Fed failings exposed

November 15, 2023

A summary of UBS analysis of US inflation its lower than you think, and its not sticky and the markets’ outsized reaction its reflects Fed …

Central Banks

Federal Reserve’s rate cut speculations boost US equities, Deutsche Bank offers caution

November 15, 2023

US equities continued their climb on Wednesday, spurred on her again by thoughts of Federal Reserve pivot to rate cuts in 2024 (pricing for cuts …

Central Banks

Fed Reserve’s Barkin hints at normalizing rates amid credit pullback

November 15, 2023

Federal Reserve Bank of Richmond President Thomas Barkin remarks being reported. He is sounding vague on moves lower for Fed Funds rates: hope to eventually …

Technical Analysis

GBPUSD plummets below 200-day moving average, expect bearish trend to continue

November 15, 2023

The GBPUSD ran higher yesterday, and in the process extended toward its 100-day moving average near 1.2512. The high price got within 7 pips of …

Technical Analysis

Crude oil settles at $76.66

November 15, 2023

The price of crude oil is settling at $76.66, down -$1.60 or -2.04%. The high for the day reached $78.77. The low reached $76.45. Looking …

Cryptocurrency

Bitcoin nears the highs of the year in a 5% rally

November 15, 2023

Bitcoin fell yesterday in a move that was strangely at-odds with the raging rallies in risk assets elsewhere. Some of the selling was because of …

Technical Analysis

USD/JPY and Treasury yields break through key retracement levels

November 15, 2023

USD/JPY has cut through the 61.8% retracement of yesterday’s fall. This is a bit of a tricky one to draw but the rule of thumb …

Central Banks

Fed’s Daly encouraged by falling CPI but warns against declaring end of hikes

November 15, 2023

Recent data showing falling inflation “very, very encouraging” Refused to rule out rate hikes, said they should be “thoughtful, take our time, not rush to …