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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 …

Technical Analysis

Kickstart the FX trading day for Oct 21 w/ a technical look at the EURUSD, USDJPY & GBPUSD

October 21, 2024

As the new trading week begins, the USD buyers are exerting their control. EURUSD: The EURUSD sellers (USD buyers) are moving away from the 100 …

Central Banks

Fed’s Logan: Expects gradual cuts if the economy meets forecasts

October 21, 2024

Comments from Logan: Fed will need to be nimble with mon pol choices Economy is strong and stable Sees downside risk to job market, ongoing …

Central Banks

ECB’s Kažimír says all options are on the table for December meeting

October 21, 2024

December meeting is wide open Will be in a strong position to ease further if accelerated pace of disinflation continues Increasingly confident that disinflation path …

Technical Analysis

Copper Technical Analysis – New easing measures from the PBoC trigger a rally

October 21, 2024

Fundamental Overview Last Friday, the PBoC announced new easing measures which included further rate cuts and stock buyback funding. Moreover, we got some positive economic …

Technical Analysis

USDCHF Technical Analysis – The greenback remains supported on lack of catalysts

October 21, 2024

Fundamental Overview The lack of catalysts recently kept the US Dollar supported across the board despite the slowdown in momentum. The market might now be …

Central Banks

ECB’s Šimkus: Policy will clearly become less restrictive from here

October 21, 2024

Cannot predict outcome of December’s meeting Risks to economic growth are skewed to the downside Services inflation remains high But disinflation trend is on a …