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Crude oil futures settle at $70.56

October 21, 2024

Crude oil futures are settling at $70.56. That’s up $1.34 or 1.94% on the day. The low for the day reached $68.50. The high for …

Central Banks

Even more from Kashkari: Excess savings have been spent down

October 21, 2024

Excess consumer savings have been spent down. Lower credit score borrowers delinquencies are climbing. On average consumers seem like they are doing fine. Monetary policies …

Central Banks

More Kashkari: It wasn’t labor markets that caused inflation

October 21, 2024

More from Fed’s Kashkari: It was not the labor market that caused inflation Very few transactions happened on crypto, unless it’s drugs or illegal activity …

Technical Analysis

NZDUSD to lowest level since mid-August

October 21, 2024

The USD continues to move higher today, and the NZDUSD is not missing out on the run higher. A chief fundamental catalysts is the the …

Technical Analysis

AUDUSD moves to lowest level since September 11. Looks toward 50% and 200 day MA.

October 21, 2024

The AUDUSD traded above and below the 100-day MA last week at 0.9695. The price moved above the MA on Thursday/Friday and closed above that …

Technical Analysis

European shares close lower. German DAX falls after closing at record high on Friday

October 21, 2024

The German Dax closed at record highs on Monday, Thursday and Friday last week, moving above the high close going back to September 27. Today, …

Technical Analysis

USD higher. Yields higher. Stocks lower.

October 21, 2024

The USD is moving higher. Looking at the dollar index (DXY) the price is testing the 200 day MA at 103.79. The price moved above …

Technical Analysis

USDCAD runs to a new high with the broader USD. Extends toward high from last week.

October 21, 2024

The USDCAD is pushing to the upside (with the broader USD advances today) and in the process is stretching toward the high from last week …

Central Banks

BOE’s Greene: Cautious and gradual approch to easing is appropriate

October 21, 2024

The BOE’s Megan Greene wrote a column in the FT. UK consumption recovery lags behind other developed economies UK savings rate high at 10% vs …

Technical Analysis

USDCHF tests 38.2% support. Will buyers hold support. EURCHF stays below 100/200 bar MAs

October 21, 2024

To start the new trading week, the buyers are holding onto control, but for the EURCHF, the sellers are holding the stronger hand (and in …

Central Banks

More from Logan: My business contacts are optimistic looking forward

October 21, 2024

Business contacts are optimistic, aware of risks I pay a lot of attention to financial conditions indexes Financial conditions are easing in stocks but tightening …