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ECBs Stournaras: If Trump does what he says on tarriffs, it will be negative for Europe.

November 7, 2024

The ECB Stournaras is on the wires saying: If Trump does what he says on tariffs, it will have a negative impact on European economy. …

Technical Analysis

USDJPY testing 100/200 hour MAs at 152.89

November 7, 2024

The USDJPY is lower and in the process is down testing the 100/200 hour MAs at 152.89. Looking at the hourly chart, the 100 hour …

Technical Analysis

AUDUSD runs up to key daily moving average. Key level at 200 day MA st 0.6691

November 7, 2024

The AUDUSD is moving higher today and technically made some positive strides Earlier today, the price moved above its 200-day moving average near 0.66284. It …

Technical Analysis

What to watch out for next in the stock market

November 7, 2024

Stock market analysis as SPX eyes 6000: Will the S&P 500 break through key resistance? 🚀 The S&P 500 (SPX) is on a steady climb, …

Technical Analysis

Kickstart the FX trading day for Nov 7 w/a technical look at EURUSD, USDJPY and GBPUSD

November 7, 2024

The USD is moving lower after the run higher yesterday after the US election. Yields which moved sharply higher are lower today and helping the …

Central Banks

BOE governor Bailey: I will not specify what gradual means for rate cuts

November 7, 2024

The market curve is what it is We’ve used the term “gradual” for some time already now But will not go beyond what the term …

Technical Analysis

What technical levels are in play for your FX trading today

November 7, 2024

Good morning. The Bank of England cut rate by 25 basis points to 4.75% to kickstart the US session. The vote was 8-1 vote with …

Central Banks

Fed day kicks off with initial jobless claims and Q3 productivity data

November 7, 2024

Get ready to turn down the political noise and turn up the Fed noise. The FOMC decision is at 2 pm ET and Powell will …

Central Banks

ECB’s Knot: Increasing trade barriers will create more economic risks

November 7, 2024

Impossible to say where the next shock for the financial system will come from Well, at least they’re already starting to acknowledge the risks of …

Central Banks

BOE governor Bailey: We do not have a specific equilibrium level of interest rate in mind

November 7, 2024

Don’t expect interest rates to go back to very low levels unless there is some completely unknown shock We will see where market interest rates …

Central Banks

BOE governor Bailey: We still need to see services inflation to come down more broadly

November 7, 2024

The disinflation process is faster than expected But we still need services inflation to come down more broadly There could be lingering persistence in wage …