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Bitcoin wasn’t invited to the party

November 14, 2023

The waiting game continues for a bitcoin ETF and it appears as though some bulls are losing patience, or taking profits. Bitcoin is down 3.7% …

Central Banks

The Fed has reached the terminal point in the hiking cycle, CIBC drops call for Dec hike

November 14, 2023

The US dollar is sinking today and risk assets are roaring higher after a softer-than-expected US CPI report. Economists at CIBC note that core inflation …

Central Banks

More from Goolsbee: October CPI report ‘looked pretty good’

November 14, 2023

The market is certainly saying that it looked good. This article was written by Adam Button at www.forexlive.com. Source

Central Banks

Fed’s Goolsbee: Inflation progress continues while economic growth has been strong

November 14, 2023

Chicago Fed Pres. Austen Goolbee speaking to a Detroit economic club event, said: Inflation progress continues, economic growth has been strong, labor markets and vibrant. …

Technical Analysis

US 10 year yield tumbles below 4.5%

November 14, 2023

The US 10-year yield fell sharply today and is currently down -16.1 basis points at 4.47%. The low yield today reached 4.434%. Looking at the …

Technical Analysis

New Zealand dollar gains strength as European traders exit, US dollar weakens

November 14, 2023

As London/European traders head for the exits, the US dollar is getting hammered with the client of over 1.20% versus the EUR, GBP, CHF, AUD …

Technical Analysis

GBPUSD breaks resistance, surges above moving averages

November 14, 2023

The GBPUSD is extended to a new session high at 1.2482. Period the pair is now up 1.69%. That’s the largest gain in the pair …

Technical Analysis

S&P index up 2%. Largest gain since January 6

November 14, 2023

The major US stock indices remain well elevated. The S&P index is now up over 2% at 4500. That’s the highest level since September 14 …

Technical Analysis

USDCHF moves down and looks to test the 100 day MA

November 14, 2023

The Swiss franc – like all major currencies – is running to the upside versus the greenback. The USDCH pair is currently down -1.01%. That …

Technical Analysis

AUDUSD skyrockets, targets key moving average

November 14, 2023

The AUDUSD is racing to the upside on “risk on” flows (and overall USD selling) after the US CPI data. The pair is currently up …

Technical Analysis

Strong start for the major US indices after lower-than-expected CPI

November 14, 2023

The major stock indices are opening with solid gains led by the NASDAQ index. US CPI came in tamer than expectations at 0.0% for the …