Part V: The FOMC, Blue Chip or the New Framework: Predicting the Fed Funds Rate Summary This installment presents a new framework to predict the level of the fed funds rate two quarters out. We compare our framework’s fed funds forecast with the FOMC and Blue Chip forecasts to decide who is more accurate at […]
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Daily Pivots: (S1) 153.82; (P) 154.64; (R1) 155.36; More… USD/JPY is extending consolidation pattern from 156.74 and intraday bias remains neutral. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of Read more…
Daily Pivots: (S1) 0.8877; (P) 0.8918; (R1) 0.8983; More… Intraday bias in USD/CHF remains neutral as consolidations continue below 0.8956. Outlook will stay bullish as long as 0.8800 support holds, in case of retreat. Break Read more…
Daily Pivots: (S1) 1.2480; (P) 1.2539; (R1) 1.2590; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen above 1.2486. But outlook will stay bearish as long as 1.2713 resistance holds. Break Read more…