Page 61 – Forex

PBOC is expected to set the USD/CNY reference rate at 7.2357 – Reuters estimate

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …

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November 26, 2024

Cryptocurrency

Here is some detail on Rumble allocating some of its cash reserves to Bitcoin

November 25, 2024

You may have seen the overly excited headlines hitting on this from around the place … they came as Bitcoin was getting smashed lower so …

Central Banks

Fed’s Kashkari hasn’t given up hope on a December FOMC interest rate cut

November 25, 2024

Bloomberg (gated) with the info from Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at …

Central Banks

Goldman Sachs says Trump tariff escalation will delay inflation falling to target

November 25, 2024

Goldman Sachs published their outlook for inflation in 2025, titling it with the choice that will be made: “Tariffs or 2%” GS says the current …

Technical Analysis

Not to jinx it, but Russell 2000 on pace for a record close today

November 25, 2024

Not to jinx the market 16 minutes to the close but the Russell 2000 is on pace for a record close. Currently the price is …

Central Banks

Fed’s Goolsbee: Interest rates will be lower by the end of 2025

November 25, 2024

This is a repeat. The question we need answered is whether rates will be lower by the end of 2024. Market pricing for a cut …

Technical Analysis

USDCAD retraced earlier declines but finds willing sellers near its 200 hour MA.

November 25, 2024

The USD/CAD gapped lower over the weekend following news that Scott Bessent would be named Treasury Secretary under Trump. However, the initial decline lacked follow-through, …

Technical Analysis

NZDUSD up and down today but stays below 100/200 hour MAs

November 25, 2024

The NZD/USD pair opened with a gap higher but has spent the session oscillating within a narrow range. On the downside, support has held firm …

Central Banks

ECB’s Nagel: increasingly confident over disinflation

November 25, 2024

ECB Nagel: Increasingly confident over disinflation Rate cuts must be gradual as risks remain. Growth likely to stagnate in Q4 Germany falling behind euro zone …

Technical Analysis

Crude oil is trading sharply lower and down close to $2 on the day

November 25, 2024

Crude oil prices have dropped sharply as optimism grows for a potential peace agreement between Israel and Lebanon. Currently, prices are down approximately $2, trading …

Technical Analysis

GBPUSD holds swing area resistance and 100 hour MA at session highs. What next?

November 25, 2024

The GBP/USD pair moved higher from last week’s closing level near 1.2530 but encountered strong resistance around a key swing area between 1.2596 and 1.2614. …