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ECB’s Panetta: We have clearly seen an improvement in the inflation outlook

October 23, 2024

The economy is clearly weakening The environment is conducive to further cuts I wouldn’t take for granted that we will stop at the neutral rate …

Central Banks

Ranking of the districts and a look at the “number” qualifiers in Beige Book for October

October 23, 2024

Here are the comments from the Beige Book that include a number qualifier: Most Districts reported declining manufacturing activity. Many communities experienced a persistent lack …

Central Banks

The Beige Book is coming up next. What to watch for

October 23, 2024

The September Beige Book was one of the final straws that pushed the Fed towards cutting rates by 50 basis points later that month. The …

Technical Analysis

Apple falls on bearish iPhone sales commentary. Apple shares down -2.35%

October 23, 2024

Shares of Apple are moving sharply lower after MIng CHi Kuo a widely followed analyst of Apple projects that iPhone 16 orders will be cut …

Central Banks

ECBs Escriva: Risk to inflation remains balanced

October 23, 2024

ECBs Escriva does not want to be left out and says: Risk to inflation remains balanced. Yesterday Escriva in a interview to a Spanish newspaper …

Technical Analysis

Sellers in the GBPUSD push to modest support and remains below the 100 day MA

October 23, 2024

The GBPUSD moved below its 100-day moving average earlier today at 1.2963. The price also fell below the 61.8% retracement of the move up from …

Cryptocurrency

Bitcoin turns lower after failing to break $70,000

October 23, 2024

The stars looked to be aligning for bitcoin late last week as tech stocks and Nvidia shares hit records, risk appetite improved and gold soared …

Central Banks

ECBs Villeroy: Sees full optionality for December rate meeting

October 23, 2024

ECBs Villeroy is the latest ECB member to speak and says: See full optionality for December rate meeting Does not see the ECB behind the …

Technical Analysis

NASDAQ index is down 1%. Dow industrial average is down -0.88% is McDonald’s slumps.

October 23, 2024

US stocks have extended their fall with the NASDAQ index now down 1% on the day. The Dow industrial average is down -0.88% and the …

Technical Analysis

AUDUSD reaches the 200 day key target and finds willing buyers. What next?

October 23, 2024

In the North American morning report, I wrote on the AUDUSD: The AUDUSD is also breaking [lower] and fell below its 50% midpoint of the …

Central Banks

Macklem press conference: We will take our next decision in December

October 23, 2024

Macklem’s opening statement was pre-released, these are the highs of the Q&A with the media: Core inflation is easing as expected Our growth forecast hasn’t …