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Tokyo area CPI for June, headline 3.1% vs. 3.8% expected

June 29, 2023

Note that this is inflation as measured in the Tokyo area. This is regarded as a leading indicator of nationwide inflation but its not a …

Central Banks

Federal Reserve stock tipster? Warns of “significantly lower” stock returns in the future

June 29, 2023

The Fed with a stock market forecast, yes really. OK, its a research paper just published on Thursday titled: “End of an era: The coming …

Central Banks

After strong US data on Thursday the probability of an FOMC July rate hike is nearly 90%

June 29, 2023

More strong US economic data this week, with Thursday bringing an unexpectedly strong revision: Forexlive Americas FX news wrap: The strong US data continues The …

Central Banks

USD/JPY at 152 is a possible Bank of Japan intervention trigger – Credit Suisse

June 29, 2023

Economists at Credit Suisse are looking for (a lot) of upside for USD/JPY ahead, saying interventions is a long way off. The point out that: …

Central Banks

ICYMI: Brainard said inflation could reach the range of around 2% before 2024 election

June 29, 2023

Lael Brainard is the Director of the National Economic Council and thus US President Biden’s chief economic adviser. She was vice-Chair of the Federal Reserve …

Central Banks

Fed’s Bostic says its not clear that inflation will continue to fall in the next 6 months

June 29, 2023

Atlanta Federal Reserve President Bostic with more remarks now: Its unambiguous that inflation has fallen considerably The signals are more ambiguous on inflation for the …

Central Banks

HSBC on AUD/USD: Hawkish RBA supports, China outlook a downside risk though

June 29, 2023

According to HSBC, the Reserve Bank of Australia’s (RBA) more hawkish stance compared to the Federal Reserve could cause front-end yield spreads to move further …

Technical Analysis

I know. I know.. I know. The USDJPY is overbought, but how do you trade it?

June 29, 2023

I know…. the USDJPY is overbought. The RSI is above the 70 level indicative of an overbought condition in the USDJPY. The RSI in the …

Technical Analysis

EURUSD moves back to the 38.2% retracement target. What next?

June 29, 2023

In an earlier video, I spoke about the corrective move higher and how the sellers had to hold the 1.0896 level. Risk was defined against …

Central Banks

Fed’s Bostic: Not ready to rule out further rate hikes if required, but does not see need

June 29, 2023

Fed’s Bostic (non-voting) is speaking again: Believes that the effects of monetary policy adjustments that began last year are starting to show up in the …

Technical Analysis

NASDAQ index retests its 100 hour moving average

June 29, 2023

The Nasdaq index is the weakest of the major stock indices today. The higher yields are weighing on the stocks in the index. Looking at …