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Jon Hilsenrath: The Fed will cut by 50 bps

September 16, 2024

Before Nick Timiraos, the WSJ Fedwatcher was Jon Hilsenrath. He left the WSJ last year but is still watching the Federal Reserve and weighed in …

Technical Analysis

Crude oil futures settled at $70.09, and back above a key retracement target

September 16, 2024

The price of WTI crude oil is settling at $70.09. The low for the day reached $68.68. The high for the day extended up to …

Central Banks

ECB’s Kazaks: Interest rates will continue to be lowered

September 16, 2024

The ECB cut rates last week but the market sees them holding steady in October with just a 28% implied probability of a cut. I …

Central Banks

BofA: We look to fade any hawkish knee-jerk FOM reactions

September 16, 2024

BofA advises against reacting to any initial hawkish market responses following the September FOMC meeting. They anticipate a 25bps rate cut and expect the Fed’s …

Technical Analysis

After trading to new lows going back to July 2023, the USDJPY has moved back higher.

September 16, 2024

The USDJPY moved to the lowest level since July 31 2023 after falling below the end of December low at 140.248. The low price extended …

Technical Analysis

AUDUSD extends above 100 bar MA on the 4-hour chart at 0.6733. Stay above is more bullish.

September 16, 2024

The AUDUSD on Friday, found support buyers at the 200-hour MA (currently at 0.66949). Earlier on Friday, sellers leaned against the 100 bar MA on …

Technical Analysis

Buyers and sellers ping-pong between 100 bar MAs in NZDUSD. Traders wait for the break.

September 16, 2024

The last two trading days in the NZDUSD have developed a pattern. That pattern is to ping-pong between the 100-bar moving average on a 4-hour …

Technical Analysis

USDCAD buyers have created a floor, but there is upside work if the buyer are to control.

September 16, 2024

The USDCAD has been consolidating over the last 4-5 trading days. After reaching the high on Tuesday and Wednesday last week, the price has seen …

Central Banks

The ‘should’ versus ‘will’ debate

September 16, 2024

I could probably count a dozen instances in the past week or so of economists I respect saying the Fed should cut 50 basis points …

Technical Analysis

Kickstart the FX trading day for Sept 16 w/a technical look at the EURUSD, USDJPY & GBPUSD

September 16, 2024

In the kickstart video for Sepember 16, I take a technical look at the 3 major currency pair vs the USD – the EURUSD, USDJPY …

Central Banks

ECB’s Lane: Incoming data on wages and profits have been in line with expectations

September 16, 2024

Negotiated wage growth will remain high and volatile over the remainder of the year A gradual approach to dialing back restrictiveness will be appropriate if …