Central Banks Bank of Canada’s Macklem: Our forecast has inflation moving around 3% most of next year BOC’s Macklem comments in a Globe and Mail article Inflation is going to be around 3% going forward Surprised by ongoing strength in demand in …
Technical Analysis WTI crude oil futures settle at $75.42 Posted onJuly 14, 2023 The The price of WTI crude futures is settling at $75.42. That’s it down $-1.47 or -1.91%. Although down nearly 2% today, the price this …
Technical Analysis The USDCHF made a break to the lowest level since January 2015 this week. That’s important Posted onJuly 14, 2023 The USDCHF broke sharply to the downside this week following the dollar’s move lower on the back of lower CPI and PPI. The prices of …
Technical Analysis AUDUSD comes off the boil and corrects lower today Posted onJuly 14, 2023 The AUDUSD is coming off of the boil that saw the price move sharply to the upside over the last few trading days. That move …
Technical Analysis USDCAD corrects to the upside toward the falling 100 hour MA. Posted onJuly 14, 2023 The USDCAD has bounced higher in trading today after reaching a new low going back to September 13. That low test today swing area between …
Forecasts British Pound Outlook: Inflation Data Will Drive GBP/USD and EUR/GBP Posted onJuly 14, 2023 US inflation is on the way down, taking the wind out of the US dollar’s sails. Will next week’s UK inflation report temper Sterling’s recent …
Technical Analysis USDJPY corrects higher to broken 38.2% retracement level at 139.176. Battles is on now. Posted onJuly 14, 2023 The USDJPY moved to a new low going back to May 17 today, and in the process dipped below the 50% midpoint of the move …
Technical Analysis GBPUSD trades lower today after strong gains this week Posted onJuly 14, 2023 The GBPUSD has moved sharply higher this week and in the process extended above a swing area near the 1.2950 to 1.3000 this week. The …
Central Banks Feds Goolsbee: There is a path to curb inflation without recession Posted onJuly 14, 2023 Chicago Fed Pres. Feds Goolsbee (dove) is on the wires saying: there is a path to curb inflation without recession meanwhile on CNBC Blackrocks CEO …
Technical Analysis EURUSD consolidates strong gains this week. Posted onJuly 14, 2023 The EURUSD is up 2.3% this week which is the largest gain since November 2022. That has taken the price well above its 100 hour …
Central Banks BOJ announces to host first discussion on long-term policy review in December Posted onJuly 14, 2023 This is a new initiative undertaken by the BOJ as they seek to conduct a e review of monetary policy from a broad perspective. And …