Daily Pivots: (S1) 1.3775; (P) 1.3803; (R1) 1.3845; More… USD/CAD is losing some upside momentum as seen in 4 hour MACD. But further rise is still expected with 1.3701 minor support intact. Current up trend Read more…
The markets are generally steady in Asian session today, as traders await US consumer inflation data. FOMC minutes released overnight basically provided nothing to counter the expectation of a 75bps hike by Fed in November. Read more…
Fed Governor Michelle Bowman said a speech, “if we do not see signs that inflation is moving down, my view continues to be that sizable increases in the target range for the federal funds rate Read more…
In the minutes of September 20-21 FOMC meeting, it’s noted that with “broad-based and unacceptably high level of inflation” and the “upside risks”, participants remarked that “purposefully moving to a restrictive policy stance in the Read more…
Key Highlights Gold price started a fresh decline from the $1,729 resistance zone. It traded below a key bullish trend line at $1,692 on the 4-hours chart. USD/JPY rallied to a new multi-year high and Read more…
S&P 500 (SPX) shows a 5 swing bearish sequence from 1.4.2022 high calling for further downside towards the extreme area of 2425 – 3150. Short term, the decline from 8.16.2022 high remains in progress as Read more…
Recall that during the September 21st FOMC meeting, the Committee chose to hike the Fed Funds rate by 75bps for the third consecutive meeting to bring the key rate to 3%-3.25%. The Minutes from that Read more…
The minutes from the September 20-21, 2022 Federal Open Market Committee (FOMC) meeting showed that curtailing inflation remains of paramount importance to the Fed. On the progression of the economy, the Committee members noted that Read more…
September 20-21, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, September Read more…
Illustration by Alex Castro / The Verge Dish Network is considering selling its Boost Mobile arm to a company called CONX Corporation, according to a filing with the SEC, spotted by Light Reading. The rub Read more…