Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appearing before the Standing Senate Committee on Banking, Commerce and the […]
“Wow, USD/JPY is up nearly 200 points!” (Man seeing tree, not forest)
The story so far: USD/JPY slammed lowerUSDJPY falls below 100 hour MA and runs lower.USD/JPY is cratering, drops under 155.00 in super-thin intervention tradeThose wide […]
CAD traders – Macklem speaking imminently (1615 Eastern time 2015 GMT)
Governor of the Bank of Canada, Tiff Macklem, will appear before the Standing Senate Committee on Banking, Commerce and the Economy. He will be accompanied […]
Dollar moves lower. Stocks higher as markets react positively to Powell’s comments
The markets are reacting favorably to the initial comments from Fed’s Powell at his press conference. It Powell says that it would be unlikely that […]
Dollar eases slightly, stocks edge up, yields dip after FOMC
The initial reaction to the FOMC rate decision is for a marginally lower dollar: EURUSD: The EURUSD moved to a new session high and in […]
Morgan Stanley expects US CPI to surprise to the downside in April
This is worth thinking about as we await the FOMC decision. From Morgan Stanley: We expect inflation data “to reverse to downside surprises in April. […]
AUDUSD corrects higher and tests MA and retracement levels ahead of the FOMC decision.
The AUDUSD has corrected higher in trading today (after the sharp fall from Monday) and in the process has moved up toward some moving average […]
Timiraos: Higher wage growth dashes chance of the Fed setting the stage for a summer cut
WSJ Fedwatcher Nick Timiraos is out with his latest on the Fed rate decision. Disappointing inflation data dashed the changes of the Fed teeing up […]
JOLTs job openings for March 8.488M versus 8.686M estimate. Lowest since Feb 2021
Prior month 8.813M revised from 8.756MJob openings came in at 8.488 million down 1.1 million over the year. The rate was little change to 5.1% […]
Kickstart the FX trading day for May 1 w/a technical look at the EURUSD, USDJPY and GBPUSD
As the US session gets underway, the USD is tilting a little to the downside despite stronger ADP jobs report. Of course, the FOMC rate […]