“We must keep at it until the job is done,” Chairman Jerome Powell said of the Fed’s inflation fight. Federal Reserve Chairman Jerome Powell said Friday that U.S. economy is likely to need higher rates, Read more…
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Markets: As was the case earlier this week, markets couldn’t do anything else but guessing which clues Fed Chair Powell will give on the Fed’s intentions in the new era where ‘forward guidance’ is decisively Read more…
Personal income rose 0.2% month-on-month (m/m) in July, below the consensus estimate (+0.6% m/m) and slower than June’s upwardly revised pace of +0.7% m/m. The gain was led by employee compensation of employees (+0.8% m/m) Read more…
Wind farms on land account for nearly all of the power produced by wind in the U.S. Canva What Is Wind Power? Wind power refers to energy from wind used to generate mechanical work or Read more…
Daily Pivots: (S1) 136.15; (P) 136.68; (R1) 137.03; More… Range trading continues in USD/JPY and intraday bias stays neutral. Overall, price actions from 139.37 are seen as a corrective pattern, with rise from 130.38 as Read more…
Daily Pivots: (S1) 0.9605; (P) 0.9641; (R1) 0.9670; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.9691 is still in progress. Outlook is unchanged that triangle correction from 1.0063 could have completed at Read more…
Daily Pivots: (S1) 1.1791; (P) 1.1828; (R1) 1.1871; More… GBP/USD is still staying in consolidation from 1.1716 and intraday bias stays neutral. Upside of recovery should be limited by 1.2002 support turned resistance to bring Read more…
Daily Pivots: (S1) 0.9939; (P) 0.9986; (R1) 1.0024; More… EUR/USD recovers mildly today but outlook is unchanged. Intraday bias remains neutral first. Consolidation from 0.9899 could extend, but upside of recovery should be limited by Read more…
Dollar dips in early US session following lower than expected PCE and core inflation data. But loss is so far limited as traders are holding their bets ahead of Fed Chair Jerome Powell’s speech. Euro, Read more…