The price of crude oil rose for the third consecutive day. Today the price rose $1.44 or 1.72% to $85.15. That took the price to […]
NZDUSD support and resistance has been set against technical levels.What are they and why?NZDUSD support and resistance has been set against technical levels.What are they and why?
The NZDUSD moved lower yesterday and found support at a swing level off the daily chart and near a downward sloping trend line on the […]
Fed’s Daly: Standing pat is the right policy for the momentFed’s Daly: Standing pat is the right policy for the moment
We need to see how long to leave rates where they areInflation is coming down. It’s bumpy and slowNo urgency to adjust Fed funds rateWe […]
Mester: Three rate cuts for 2024 is still a reasonable forecastMester: Three rate cuts for 2024 is still a reasonable forecast
Won’t prejudge meetings but won’t rule out a June cutThree cuts this year is reasonable but is a ‘close call’Election won’t affect Fed considerations, data […]
Wednesday will be a big day for economic data and Fed speakersWednesday will be a big day for economic data and Fed speakers
Wednesday is a big one on the US economic calendar with (all times ET): 8:15 ADP Employment Change exp 148k9:45 S&P Global US Services PMI […]
AUDUSD rebounds higher today after fall yesterday, but stalls at target resistance level.AUDUSD rebounds higher today after fall yesterday, but stalls at target resistance level.
The AUDUSD has rebounded higher today after the fall yesterday. However, the rally has stalled at a target resistance level at 0.65229. That level was […]
More Mester: Seeing some slowing in the economy, but it is rebalancingMore Mester: Seeing some slowing in the economy, but it is rebalancing
More from Cleveland Fed Pres. Mester in question and answer: Is seeing some slowing in the economy, but it’s rebalancing.Disinflation can happen despite economic strengthDoes […]
European equity traders return from holidays and close major indices lower on the dayEuropean equity traders return from holidays and close major indices lower on the day
The European stock markets were reopened today after being closed for Good Friday and Easter Monday, and sellers pushed the major indices lower. Looking at […]
SF Fed Pres.Mary Daly is next to speakSF Fed Pres.Mary Daly is next to speak
Cleveland Fed Pres. Mester is currently answering questions after her speech. Next on tap is SF Fed Pres.Mary Daly who will speak starting at 1:30 […]
S&P index gaps lower today and below a trend line and moving average.Sellers make a play.S&P index gaps lower today and below a trend line and moving average.Sellers make a play.
The sellers are making a play in the S&P index, and in doing so has broken below a trendline on the hourly chart (near 5207), […]