Central Banks Fed’s Goolsbee: I feel like we’re on the golden path to ‘no recession and low inflation Posted onJuly 7, 2023 Job market is outstanding. It’s getting back to a balanced, sustained level I feel like we’re on the golden path to ‘no recession and the …
Technical Analysis USDJPY extends below its 38.2% retracement level and lower swing area. Posted onJuly 7, 2023 The USDJPY is extending the declines with the pair now trading to the lowest level since June 22. The move today has now seen a …
Technical Analysis EURUSD moves to a new high for the day/week. What next? Posted onJuly 7, 2023 The EURUSD has extended to a new session high and high for the week at 1.09329. The current price is trading at 1.0949. The high …
Technical Analysis USDCHF remains in an up and down trading range but with a bearish bias. Here is why. Posted onJuly 7, 2023 The USDCHF held resistance near the 100/200 hour MAs today near 0.8966 (both of those MAs are converged – see chart below), but still remains …
Central Banks Timiraos: June jobs report keeps the Fed on track for July hike Posted onJuly 7, 2023 WSJ Fedwatcher Nick Timiraos is out with his review of the June jobs report and writes that the report “likely to leave the Federal Reserve …
Technical Analysis The USD moves lower initially after the US jobs report but with downside limitations Posted onJuly 7, 2023 The USD moved lower after the headline nonfarm payroll came in weaker than expected, but the average hourly earnings were a bit higher and the …
Technical Analysis A look at the EURUSD key technical levels ahead of the US jobs report Posted onJuly 7, 2023 This article was written by Greg Michalowski at www.forexlive.com. Source
Technical Analysis The JPY is the strongest and the CHF is the weakest as the North American session begins. Posted onJuly 7, 2023 The JPY is the strongest and the CHF is the weakest as the North American session begins.Overnight, Bank of Japan Deputy Governor Uchida, in an …
Central Banks ECB’s de Guindos: Evolution of core inflation will be key to future policy decisions Posted onJuly 7, 2023 What happens in September is an open question We need clear indications that inflation will converge to 2% target Services inflation is much more persistent …
Central Banks ECB’s de Guindos: We will continue to follow a data-dependent approach Posted onJuly 7, 2023 We are now beginning to see impact of rate hikes on parts of the economy Our job is not yet done While underlying price pressures …
Technical Analysis USDCAD Technical Analysis – Waiting for the NFP report Posted onJuly 7, 2023 The US data has been consistently surprising to the upside since the last FOMC meeting, and this has led to a more hawkish pricing in …