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EURUSD Technical Analysis – The fakeout is a bad omen for the bulls

August 31, 2023

US: The Fed hiked by 25 bps as expected and kept everything unchanged. Fed Chair Powell reaffirmed their data dependency and kept all the options …

Technical Analysis

Gold Technical Analysis – Bullish signs keep emerging

August 31, 2023

The strong US data in the past months and the quick rise in Treasury yields and the US Dollar weighed a lot on Gold, which …

Central Banks

ECB’s Holzmann: August inflation data a conundrum for the ECB

August 31, 2023

Data shows that inflation is still persistent We are not yet at the highest level for rates Another one or two rate hikes is still …

Technical Analysis

S&P 500 Technical Analysis – The risk of a reversal is high

August 31, 2023

This first half of the week was highlighted by big misses in the US economic data like Job Openings, Consumer Confidence and ADP. These might …

Central Banks

BOE’s Pill: No room for complacency on inflation

August 31, 2023

We need to see the job through on inflation We need to ensure we do enough on policy But there is the possibility of doing …

Central Banks

Fed’s Bostic: Monetary policy is appropriately restrictive

August 31, 2023

Inflation is still too high We should be cautious, patient, resolute Policy is restrictive enough to bring inflation to 2% in a reasonable timeframe I …

Central Banks

ECB’s Schnabel: We cannot predict where the peak rate is going to be

August 31, 2023

Also cannot predict for how long rates will have to stay at restrictive levels That’s not a lot of confidence that policymakers got a clue …

Technical Analysis

Dow Jones Technical Analysis – Key area in sight

August 31, 2023

This first half of the week was highlighted by big misses in the US economic data like Job Openings, Consumer Confidence and ADP. These might …

Technical Analysis

Russell 2000 Technical Analysis – We are at a key resistance

August 31, 2023

This first half of the week was highlighted by big misses in the US economic data like Job Openings, Consumer Confidence and ADP. These might …

Central Banks

BOJ’s Nakamura: Monetary policy does not target FX

August 31, 2023

FX moves have big impact on prices BOJ closely watching impact on yen moves on the economy, prices Weak yen benefits exports, tourism but is …

Market Outlook

US Dollar Dip Pauses as Markets Reassess Fed Moves and China Concerns. Lower USD?

August 31, 2023

The US Dollar descent took a breather today as the Federal Reserve’s rate path is re-examined amid softening US data and China woes continuing. Will …