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Kansas City Fed names Jeffrey Schmid as its new president

The Kansas City Fed has named Jeffrey Schmid as its new president and CEO. Schmid takes over from Esther George who left in February. He …

The KC Fed has a long history of hawkish presidents. We will have to see what Schmid, 64, delivers but he won’t vote until 2025 …

The USDCAD moved above the 38.2% retracement of the move down from the May 2023 high at 1.3306. On the hourly chart, the buyers have …

The price of WTI crude oil futures are sharply lower and in the process has broken below its 200 are moving average at $79.52. However …

The NASDAQ index is down close to 2% on the day and in the process tests the 14,000 area. That area is a key technical …

The AUDUSD has moved below a key swing area on the daily chart below 0.65468 up to 0.65847 (also watch 0.6566 between that areas). The …

The USD is moving higher and that has sent the EURUSD, USDJPY and GBPUSD to the next key targets. US yields are moving higher and …

The USDCHF is moving to a new session high, and in the process is extending above its 50% midpoint of the move down from the …

The major US indices are moving lower. The Fitch downgrade is an excuse to push lower from elevated levels. The NASDAQ is leading the way …

The GBPUSD initially moved higher after the initial downgrade, but found willing sellers near the 61.8% retracement of the move up from the end of …

The USDJPYs initial reaction off of the Fitch downgrade was to the downside in the US dollar. The price fell toward a swing area between …