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Fed’s Barr speaking, doesn’t comment on the economy or monetary policy

November 19, 2024

Federal Reserve Vice Chair for Supervision Michael Barr delivering prepared testimony. Doesn’t comment on the economy or monetary policy. As a Federal Reserve Governor Barr …

Central Banks

Economic calendar in Asia Wednesday, November 20, 2024 – China rate setting day

November 19, 2024

The PBOC’s Loan Prime Rate (LPR) will be set today, both 1- and 5-year. The TL;DR is that no change in rates is expected. Currently …

Cryptocurrency

Bitcoin trades to a new all-time high

November 19, 2024

Bitcoin has pushed to the upside and has extended to a new all-time high price at $94,000. That move has taken out the prior high …

Central Banks

More from KC Fed Pres. Schmid: Rates are still somewhat restrictive

November 19, 2024

The Kansas City Fed Pres. Schmid is back on the wires saying: Rates are still somewhat restrictive, but not overly so The coming tariffs, immigration …

Central Banks

KC Fed Pres. Schmid: Remains to be seen how far interest rates may fall

November 19, 2024

Remains to be seen how far interest rates might fall Cuts are an acknowledgment of the Fed’s confidence inflation is on a path to 2% …

Central Banks

KC Fed Pres. Schmid to speak at 1:10 PM ET

November 19, 2024

Kansas City Fed Pres. Jeffrey will be speaking at 1:10 PM ET on the economy and monetary policy outlook. The USD is mixed in trading …

Technical Analysis

AUDUSD bases near support. Stretching to new highs above swing area at 0.6505 to 0.6513.

November 19, 2024

The AUDUSD moved lower earlier in the day and that move to the downside tested a swing area between 0.6471 and 0.6479. The low price …

Technical Analysis

In this video, I take a technical look at the USDCAD and USDCHF

November 19, 2024

The USD is tilting lower in the US session and that has the USDCAD and the USDCHF moving below a technical level increasing the bearish …

Technical Analysis

Walmart shares at record. Comments from major US retailer gives heartbeat of the consumer

November 19, 2024

It is not thought to be a Mag 7 but it does show the heartbeat of the US consumer. Walmart announced earnings today and beat …

Technical Analysis

What are the technicals driving the EURUSD , USDJPY and GBPUSD in trading today?

November 19, 2024

Price action is volatile but contained in the three major currency pairs as a markets digest geopolitical risks: EURUSD: The EURUSD is trading between support …

Central Banks

ECB’s Panetta: It is not blasphemy that rates could go below neutral levels

November 19, 2024

Earlier today, ECB Panetta said that the ECB should move toward neutral and perhaps go below that level into an expansionary policy. He is out …