Minneapolis Fed President Neel Kashkari conveyed optimism about the current direction of inflation but emphasized the importance of waiting for additional economic data before making any policy changes. Speaking to Bloomberg TV shortly after release Read more…
Image: Apple Apple Arcade is getting a dose of Final Fantasy. Apple just announced the next batch of games coming to its subscription service, and Square Enix’s long-running RPG series is the highlight. First up Read more…
USD/CAD surges as oil prices decline and US Dollar rises. Market anticipates less rate cuts in 2025 due to Trump’s return, impacting interest rate differentials. Potential US tariffs add headwinds for the Canadian Dollar. USD/CAD Read more…
Markets October CPI inflation was the first really important US data series for release after the Trump/Republican election victory. Concrete policy measures from the new US administration will decide which way activity and in inflation Read more…
Daily Pivots: (S1) 153.72; (P) 154.32; (R1) 155.23; More… Intraday bias in USD/JPY remains on the upside at this point. Current rise from 139.57 will target 61.8% projection of 141.63 to 153.87 from 151.27 at Read more…
Daily Pivots: (S1) 0.8780; (P) 0.8808; (R1) 0.8845; More… Intraday bias in USD/CHF is turned neutral first with current retreat. Outlook will stay bullish as long as 0.8700 support holds, in case of retreat. Break Read more…
Daily Pivots: (S1) 1.2685; (P) 1.2781; (R1) 1.2843; More… Outlook in GBP/USD is unchanged and intraday bias stays on the downside. Decisive break of 61.8% retracement of 1.2298 to 1.3433 at 1.2732 will extend the Read more…
Jefferson Smith, the clear-speaking everyman appointed to the Senate and sent to Washington as an unwitting political stooge in Frank Capra’s “Mr. Smith Goes To Washington,” didn’t expect to find corruption in the nation’s capital. Read more…
The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in October, in line with the consensus forecast. On a twelve-month basis, CPI ticked up to 2.6% (from 2.4% in September). Energy prices were flat last Read more…
Daily Pivots: (S1) 1.0591; (P) 1.0627; (R1) 1.0659; More… Intraday bias in EUR/USD is turned neutral first with current recovery. But further decline is expected as long as 1.0760 support turned resistance holds. Break of Read more…