Page 861 – Forex

Powell opening statement: The full effect of our tightening has yet to be felt

Without price stability, the economy doesn’t work for anyone We’ve covered a lot of ground and the full effect of our tightening has yet to …

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July 26, 2023

Technical Analysis

Not much movement. Waiting for Powell.

July 26, 2023

EURUSD: The EUSUSD remains above its 50% midpoint of the July trading range. That level comes in at 1.10539. The New York (and London session) …

Central Banks

Watch live: FOMC press conference with Jerome Powell

July 26, 2023

Fed Chair Jerome Powell speaks for about an hour in his usual post-Fed press conference. The video is below but note this chart from Bespoke …

Central Banks

The full statement from the Fed July FOMC decision

July 26, 2023

Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share Recent indicators suggest that economic activity has been expanding at a moderate pace. …

Central Banks

Federal Reserve interest rate decision: 25 bps rate hike to 5.25-5.50%

July 26, 2023

25 bps rate hike economic activity has been expanding at a moderate pace (vs modest pace prior) Repeats forward guidance that refers to “the extent …

Central Banks

For reference: Here is the previous FOMC statement

July 26, 2023

I always like to read the prior statement one more time before the FOMC decision, which is at the top of the hour. Federal Reserve …

Central Banks

BOC minutes: Debated not hiking at the July 12 meeting

July 26, 2023

Consensus among BOC members was that the cost of delaying action was greater than the benefit of waiting for more data Agreed they were prepared …

Central Banks

Preview: The Federal Reserve should be worried about the dwindling recessionary mindset

July 26, 2023

The Federal Reserve may be tempted to take a victory lap in the fight against inflation today and offer hints that it could be at …

Central Banks

WSJ Timiraos: Fed Officials have been burned on inflation and that curbs enthusiasm

July 26, 2023

The WSJ Timiraos, is tweeting an interview he gave at Fox Business, and says: The Fed will likely announce a 25 basis point hike at …

Technical Analysis

NZDUSD consolidate between short term technical levels

July 26, 2023

Generally speaking, the NZDUSD is consolidating between the 50% retracement of the move up from the June 29 low at 0.6230, and the 61.8% retracement …

Central Banks

Fed day is the best day to own stocks, but there’s a twist with Powell

July 26, 2023

Bespoke is out with a great chart today showing how markets have performed on Fed day under various Chairmen. Greenspan, Bernanke, Yellen and Powell all …