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Fed’s Cook says she hopes current policy enough to return inflation to 2%

November 6, 2023

We are determined to reach 2% inflation objective These are boilerplate comments. I’m not sure what any officials could say at the moment to move …

Central Banks

ECB Holzman: I belong to those that think we should be ready to hike again if needed

November 6, 2023

I definitely belong to those that think we should be very careful, that we should stand ready to hike again if needed. Not really worried …

Central Banks

Fed’s Cook: Expectations of near-term policy rates do not appear to be driving long end

November 6, 2023

Residential and commercial property prices remain above levels historically associated with fundamentals If commercial mortgage delinquency rates force sales, committal real estate prices ‘could decline …

Central Banks

Bank of Canada survey: Market participants see first rate cut in April

November 6, 2023

Median 2024 estimate 1.2% Probability of a recession in 6-12 months at 48% End 2024 CPI seen at 2.2% First cut seen in April, second …

Technical Analysis

The USDCAD rebounds helped by weaker Ivy PMI and higher US rates. What next?

November 6, 2023

The US rates are higher today with the US two-year trading at 4.903% up 7.1 basis points and the US 10-year trading at 4.647% up …

Technical Analysis

Positive start for the major US indices to start the trading week

November 6, 2023

The 3 major stock indices are moving higher in early US trading and in the process, keeping the momentum going from last week’s trading. A …

Technical Analysis

The USDCHF broke lower on Friday and moved below key 200 day and 100 bar MA on 4H chart.

November 6, 2023

The USDCHF fell sharply on Friday after the US jobs report, and in the process broke below key moving averages including the it’s 200-day moving …

Technical Analysis

Kickstart your FX trading for November 6 with technical look at EURUSD, USDJPY and GBPUSD

November 6, 2023

In this morning video on November 6, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What …

Central Banks

Japan’s UA Zensen Union has lodged a claim for a 6% wage hike

November 6, 2023

UA ZENSEN is the Japanese Federation of Textile, Chemical, Commerce, Food and General Services Workers’ Unions Nikkei reports the union is seeking a 6% wage …

Central Banks

Barclays forecast an Federal Open Market Committee (FOMC) January rate hike (Dec prior)

November 6, 2023

Via Reuters info: Barclays expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January 2024 earlier had expected a …

Central Banks

BOJ’s Ueda wants more convincing that wages will keep rising

November 6, 2023

Bank of Japan Governor Ueda with more remarks: We need to have more conviction that wages will keep rising, rising wages lead to service prices …