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The Dot Plot sees the end of year Fed funds rate at 5.6%. The 2023 EOY rate at 5.1%.

September 20, 2023

At the June 2023 meeting the Fed projected the following median estimates for GDP, unemployment, PCE inflation, and core PCE inflation: In September 2023, the …

Technical Analysis

USD moves to new lows ahead of the FOMC decision

September 20, 2023

The USD is the weakest of the major currencies and it is trading to new lows vs most of the major currencies in the current …

Technical Analysis

AUDUSD is the biggest mover today with a gain of 0.74%. What are the technicals saying?

September 20, 2023

The AUDUSD is moving higher today with the pair being the biggest mover of the day (up 0.74%). The move to the upside has seen …

Technical Analysis

Deutsche Bank now sees the Bank of England keeping rates unchanged at 5.25%

September 20, 2023

Deutsche Bank now sees the Bank of England keeping rates unchanged at 5.25% on Thursday. They previously saw an increase of 25 basis points. The …

Technical Analysis

USDCHF moves lower after ceiling area stalls the rally this week. Key support approached.

September 20, 2023

The USDCHF formed a ceiling last Friday and into this week near the 0.89824 level. The high prices over those days stalled against that level …

Technical Analysis

USDCAD stalls at the 200 day MA today. Now works back down toward 100 day MA.

September 20, 2023

The USDCAD yesterday moved below its 100 day moving average and 50% midpoint of the move up from the July low at 1.3397 and 1.3393 …

Central Banks

ECBs Makhluof: I do think we are there or thereabouts at top of ladder on rates

September 20, 2023

ECB’s Makhluof is speaking and says: I do think we are there, or thereabouts, at top of the ladder on rates My view at the …

Technical Analysis

Kickstart your forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD

September 20, 2023

It is FOMC day with the expectation for no change in policy by the US central bank. The focus will be on the details of …

Central Banks

WSJ Nick Timiraos: There is a lot of optimism on a soft landing. We are there right now.

September 20, 2023

There’s a lot of optimism on a soft landing But there is a concern that inflation could pick up There is also a concern the …

Technical Analysis

The NZD is the strongest and the GBP is the weakest as the NA session begins

September 20, 2023

As the North American session begins, the NZD is the strongest and the GBP is the weakest. The FOMC rate decision will highlight the events …

Technical Analysis

Ethereum Technical Analysis – Key levels in play

September 20, 2023

Ethereum continues to consolidate around a key support turned resistance maintaining a bearish bias as the uncertainty around the future outlook is now at its …