Summary We look for the FOMC to deliver its fourth consecutive 75 bps rate hike at the conclusion of its meeting on November 2. Inflation continues to run much too hot for the FOMC, and Read more…
Apparently, the internal structure of the DXY index shows the completion of the global corrective trend, which took the form of a triple zigzag consisting of five main cycle waves w-x-y-x-z. It is possible that Read more…
The USDJPY bounces strongly in early Monday and regains levels near 150 barrier, signaling that a positive impact from a massive intervention to support yen on Friday, was not lasting long. The pair dipped from Read more…
Cable started trading on Monday with a gap-higher, but gains were so far short-lived and stalled under last week’s high at 1.1439. Fresh optimism about a solution for deepening political crisis in Britain on expectations Read more…
EUR/USD has edged lower at the start of the week. In the European session, EUR/USD is trading at 0.9824, down 0.37%. Manufacturing, services PMI point to contraction Germany is the locomotive of the Eurozone, and Read more…
Slower growth prospects, and hints of a Fed ‘pivot’ on interest rate hikes, has bond yields moving sharply lower and stocks extending gains Monday. U.S. equity futures powered higher Monday, while the dollar held gains Read more…
The Japanese yen is sharply lower today, as USD/JPY has climbed 1.2% and is trading at 149.41 in Europe. The yen continues to exhibit strong swings for a second straight session. The yen started the Read more…
Big Tech publishes its third quarter results in a climate of anxiety about the health of the economy. This is a crucial week for Wall Street. Four of the five largest companies in the world, Read more…
The billionaire entrepreneur is one of Ukraine’s biggest supporters against Russia. Elon Musk has changed in stature this year. The whimsical and charismatic CEO of Tesla (TSLA) – Get Tesla Inc. Report has broken down the Read more…
In finance, there is a critical distinction between risk and uncertainty. Risk can usually be quantified by using implied volatility from options markets to assess downside potential. Uncertainty is difficult to quantify. The Federal Reserve’s Read more…