ICYMI from Bank of America on what they expect from the Federal Open Market Committee (FOMC) and Powell afterwards at his press conference: BoA argue […]
Reserve Bank of New Zealand – risk of persistent inflation, rates restrictive for longer
RBNZ says: New Zealand’s financial system remains strong as the economy continues to adjust to the higher interest rate environment. More of concern is this […]
Super Micro Computers EPS $6.65 vs $5.78 estimate. Revenues $3.85B vs $3.95B estimate
Super Micro Computers announced earnings-per-share higher than expectations but on less than expected revenues. Their guidance was stronger than expected. Revenues USD 3.850 million vs.estimate […]
US stocks continue to drift as traders react to data and fear the Fed
US yields are trading near highs for the day and that is helping to continue to depress US stocks. The employment cost index for Q1 […]
Bitcoin nears $60,000 as selling intensifies
The halving and the launch of Hong Kong ETFs (whic launched today) haven’t been the positive catalysts that bitcoin bulls hoped for, at least not […]
BREAKOUT. A number of the major currency pairs are making a break for it. What next?
The USD is making a break for it vs. a number of the major currencies. As a result, it was time to take a look […]
Oil catches a strong bid after testing last week’s low. OPEC output falls
Reuters is out with its latest survey of OPEC output for April. It found that production fell by 99,000 barrels per day to 26.49 million […]
May forex seasonals: The strongest month for the Dollar Index
The month of April wraps up today and it was a volatile market, certainly not one that’s typically the strongest seasonally of the year. Scorecard […]
USDCHF stays below ceiling area. A move above 0.9156 is needed to increase bullish bias
The USDCHF is higher on the day, but continued to find resistance to sellers against a swing area ceiling between 0.91469 and 0.9156. If the […]
Kickstart the FX trading day for April 30 w/ a technical look at EURUSD, USDJPY and GBPUSD
The USD has moved higher after the stronger US employment cost data for the first quarter. That data point is one of the favored measures […]