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Fed’s Daly says “work to achieve a soft landing is not fully done”

October 22, 2024

Federal Reserve Bank of San Francisco President Mary Daly with Twitter posts: More: We must stay vigilant and be intentional, continually assessing the economy and …

Central Banks

UK Pay Growth Stalls, Expected to Cool Further in 2024-25

October 22, 2024

Reuters report on a survey from UK hiring firm BrightMine. In summary: UK median pay awards held steady at 4% in three months to September …

Central Banks

Bank of Canada expected to cut by 50 basis points and continue cuts to end-2025

October 22, 2024

The Bank of Canada rate decision is on Wednesday and a strong consensus has formed around the likelihood of a 50 basis point cut. It …

Technical Analysis

GBPUSD Analysis: Key levels to watch as we head into the new trading day.

October 22, 2024

At the start of the US session today I posted on the GBPUSD: GBPUSD: Traders have been targeting the 100 day MA and the 61.8% …

Central Banks

ECB’s Rehn: Growth outlook has weakened and this could increase deflationary pressure

October 22, 2024

The central bank talk has been non-stop today and now Rehn is adding a few dovish lines: Rate cuts are coming, speed and scope to …

Central Banks

ECB’s Villeroy: There is a risk of undershooting 2% target, especially if growth weak

October 22, 2024

Inflation could be at target in early 2025 The ECB is not behind the curve but risk of cutting rates too late is bigger than …

Technical Analysis

If stocks are so expensive, find a reason to sell.

October 22, 2024

I am listening to CNBC and the pundits are mostly spewing How the stock market is overbought. How the stock growth rate over the next …

Technical Analysis

Crude oil tests 200 hour MA

October 22, 2024

The price of crude oil futures are trading higher by $1.73 or 2.47% at $71.78. The move to the upside has the price testing its …

Technical Analysis

EURUSD sellers making a play. Extends below the low from last week

October 22, 2024

The EURUSD sellers are making a play in the US session with the price moving below the low from last week at 1.08103. The price …

Technical Analysis

USDCHF technical story remains the same. The EURCHF sellers are making a play to downside

October 22, 2024

Earlier today in a post I summarized the technical for the USDCHF by writing: USDCHF: The USDCHF remains above the 38.2% of the move down …

Technical Analysis

AUDUSD bounces and retests 100 day MA. Seller lean against the level.

October 22, 2024

Earlier today I wrote: AUDUSD: The 50% midpoint of the move up from the August low comes in at 0.6645 and the low reached 0.6650 …