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ICYMI – Pershing Square’s Ackman said the US economy beginning to slow, & the Fed is done

October 2, 2023

Ackman was interviewed on CNBC. He has been more in the spotlight recently since his great call on bonds a few months back: Bill Ackman …

Central Banks

Economic calendar in Asia Tuesday, 3 October 2023 – RBA monetary policy decision

October 2, 2023

China remains closed for its week-long holiday. The Reserve Bank of Australia is widely expected to hold the cash rate unchanged and sound a hawkish …

Technical Analysis

GBPUSD trades to a new session low and looks to test the 38.2% retracement

October 2, 2023

The GBPUSD is trading to a new session low as the clock ticks toward the end of day. in the process, the price is ticking …

Technical Analysis

NZDUSD is lower on day, but moves toward an equilibrium level defined by 100/200 bar MA

October 2, 2023

The NZDUSD is trading within a value area with a high value area between 0.5985 – 96 on the top side, and 0.5879 – 94 …

Central Banks

More from Barr: There seems to be the right kind of slowing in housing

October 2, 2023

Goods and housing services inflation is on the right path, downward The amount of credit tightening we are seeing is less than what I feared …

Central Banks

Atlanta Fed GDPNow 3Q growth estimate remains unchanged at 4.9%

October 2, 2023

The Atlanta Fed GDPNow growth estimate for 3Q models 4.9%. That is unchanged from September 29. In their own words: The GDPNow model estimate for …

Central Banks

Feds Barr: We are at a point where we can proceed carefully on monetary policy

October 2, 2023

FOMC member Barr is on the wires saying: Fed is at a point where we can proceed carefully on monetary policy. Most important question is …

Technical Analysis

Dow Industrial Average is leading the way to the downside. S&P now negative.

October 2, 2023

The Dow industrial average is now down -268 points or -0.80% at 33238.91. The S&P index is also negative by -26.54 points are -0.62% at …

Technical Analysis

GBPUSD pounds against the low from last week

October 2, 2023

The GBPUSD is pounding against the lows from last week at 1.21102. A few hours ago,, the price tested that level and bounced. After reaching …

Technical Analysis

AUDUSD falls toward swing area support on USD buying

October 2, 2023

The AUDUSD is following the US dollars a ride to the upside as yields move higher. The 10 year yield is now up 12 basis …

Central Banks

Feds Harker: Fed is working on stable prices and maximum employment: Powell agrees.

October 2, 2023

Comments from the Fed’s Harker and Powell are limited so far. The best I can do so far is Harker says: Fed is working on …