CB Consumer Confidence decreases to 107.1 (vs est 109) – higher interest rates weigh on the business confidence and the short-term employment outlook.
USD Breaking News: CB Consumer Confidence Declines Ahead of FOMC
access_timeOctober 12, 2024
Latest:
- NZDUSD moves back into swing area and between 100/200 day MAs going into the weekend.
- Somthing is going on with bitcoin and Microstrategy
- Fed’s Bowman does not comment on Fed policy or the economy at speaking engagement
- AUDUSD is lower on the week, but sellers had their shot and missed below key retracement.
- USDCAD is snapping back higher after a stronger jobs report. Buyers back in control
- Fed’s Logan: Less-restrictive policy will still cool inflation
- USDCHF this week settles in a higher up and down trading range.
- Kickstart the forex day for Oct 11 with a technical look at the EURUSD, USDJPY & GBPUSD
- GBPUSD Technical Analysis – The bearish momentum run out of steam
- EURUSD Technical Analysis – The market needs more to extend the USD gains
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