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GBPUSD extended higher and above a target level but reverses back down ahead of the FOMC

September 18, 2024

The GBPUSD did make a run to the upside in the early US session and in the process extended above a swing area between 1.3221 …

Technical Analysis

USDCAD going sideways ahead of FOMC rate decision. What would break the pair higher/lower

September 18, 2024

The USDCAD has been trading in a sideways pattern even though CPI data out of a Canada yesterday was weaker than expected. The unemployment rate …

Central Banks

Odds of a 50 basis point rate cut slip to 55%

September 18, 2024

What a day this is turning out to be. The implied odds of a 50 bps were almost 70% yesterday but have slipped back to …

Central Banks

Former Fed Pres. Mester: It is a really close call. Good case for a series of 25 bp cuts

September 18, 2024

Former Fed Mester on CNBC says” 25 or 50 bp in cuts is really a close call. Good case for series of 25 basis points …

Technical Analysis

What is the technical roadmap for the USDCHF through the FOMC rate decision.

September 18, 2024

In this video, I take a look at the technical roadmap for traders through the FOMC rate decision. What would increase the bearish bias and …

Central Banks

Atlanta Fed GDPNow growth estimate for Q3 falls to 2.9% from 3%

September 18, 2024

The Atlanta Fed GDPnow growth estimate for Q3 falls to 2.9% from 3.0% last. The GDPNow model estimate for real GDP growth (seasonally adjusted annual …

Central Banks

Former St Louis Fed President Bullard: The FOMC should cut by 25 bps

September 18, 2024

No one cared about Bullard when he was at the Fed and no one cares about him now. He says the Fed couldn’t defend 50 …

Technical Analysis

If trading the September FOMC in the FX, it is mandatory to know the roadmap up or down.

September 18, 2024

There are days when you REALLY need to know the roadmap technically. For me, knowing the roadmap daily is important. The roadmap tells you the …

Technical Analysis

Russell 2000 Technical Analysis – The Fed is cutting rates into resilient growth

September 18, 2024

Fundamental Overview Yesterday, we got some more positive US data releases as the US retail sales came out a touch better than expected and the …

Technical Analysis

Oil technical analysis after Hezbollah pagers blew up

September 18, 2024

A lot of Hezballah pagers blew up yesterday but what will it do to the oil market? Some people thought oil might surge but the …

Technical Analysis

Copper Technical Analysis – We are at a key resistance

September 18, 2024

Fundamental Overview Copper has been on a sustained downtrend since reaching its peak in May. A lot of the weakness has been attributed to the …