The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023. In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow. It's anticipated that Banxico could decrease its interest rate from 11.25% to 11%, potentially applying pressure on the Mexican peso. This...
The inflation rate in the United Kingdom remained stable at 6.7% in September 2023, holding at August's 18-month low and defying market expectations of a slight decrease to 6.6%. Softer price increases in food and non-alcoholic beverages (12.1% vs 13.6% in August) and furniture and household goods (3.7% vs 5.1%) were offset by a smaller decline in energy costs...
Market Surprise? June Rate Cut Might Be Delayed After today’s BOJ and RBA interest rate decisions, eyes will turn to the Fed’s decision on Wednesday. Although the US central bank is expected to keep rates unchanged, it could change its outlook due to the upside surprise in the latest CPI and PPI reports. For now, the first cut is still seen happening in...
The Australian dollar remains close to the 0.66 line, where it has been for most of the week. In the North American session, AUD/USD is trading at 0.6620, up 0.21%. The business sector is not feeling very confident about the near-term outlook of the Australian economy. The NAB Business Confidence index dipped to zero in February, down from one in January but...
The top of Gas marks the bottom in bictoin, the bottom in gas marks the top in bitcoin. HINT : Gas has reached flat bottom and about to boom imo.
U.S Core CPI Rep: 3.9% 🚨HIGHER THAN EXPECTED🚨 Exp: 3.7% Prev: 3.9% U.S. Headline CPI Rep: 3.1% ✅In line with Expectations✅ Exp: 3.1% Prev: 3.4% Breaching below 3% is proving a difficult task for Headline CPI . In 25 years of inflation history above and headline CPI cant seem to breach down below into the moderate <3% level Since Oct 2023 Core CPI has...
The Japanese yen has looked sharp lately but is considerably lower on Tuesday. In the North American session, USD/JPY is trading at 147.75, up 0.55%. The yen has rallied for five straight days, gaining 2.4% during that time. The US inflation rate crept higher in February. Headline CPI climbed 3.2% y/y, up from 3.1% in January and above the market estimate of...
I longed at $9. Long term support zone. Looks exhausted. This is a long term play, so it could take a year or more. Enjoy
we made almost 530 pips from our area on gold by 2-3 positions a day on NEWYORK session last week with just 50 pips SL . gold make an uptrend move from 2079 to 2195 on friday now we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my...
The Australian dollar has posted strong gains on Wednesday despite a weak GDP report today. In the North American session, AUD/USD is trading at 0.6562, up 0.90%. Australia’s economy ended 2023 on whimper rather than a gain, as GDP rose just 0.2% q/q the fourth quarter. This was lower than the 0.3% gain in the third quarter and missed the market estimate which...
Ladies and gentlemen, my fellow Americans, and all you Zoomers out there, gather 'round! Uncle Joe’s got some thoughts about our greenbacks and those sneaky Chinese Yuan. Buckle up, because we’re diving into the financial rabbit hole. 🐇 1. “The Dollar’s Got Swagger” You know, folks, the U.S. dollar has been strutting its stuff for centuries. It’s like that cool...
The euro is calm on Friday. In the European session, EUR/USD is trading at 1.0818, up 0.13%. Inflation continues its downward trend in the eurozone. On Thursday, Germany and France saw inflation fall in February. The eurozone followed suit on Friday, as headline inflation dropped to 2.6% y/y in February, down from 2.8% in January. This was the lowest rate in...
The euro is in negative territory on Thursday. In the North American session, EUR/USD is trading at 1.0800, down 0.35%. Germany’s inflation rate dropped to 2.5% y/y in February, down from 2.9% in January and lower than the market estimate of 2.6%. This was the lowest level since June 2021, as inflation continues to move closer to the European Central Bank’s...
U.S Core PCE (FEDS FAVOURITE METRIC) Rep: 2.8% ✅ Slight decrease as Expected ✅ Exp: 2.8% Prev: 2.9% U.S. Headline PCE Rep: 2.4% ✅ Notable Decrease Expected ✅ Exp: 2.4% Prev: 2.6% Both Headline & Core PCE have come in lower and as expected; ✅ Core decreased from 2.9% to 2.8% ✅ Headline PCE decreased from 2.6% to 2.4% Historical Core PCE Norms On the chart...
The Australian dollar took a hit after Australian inflation was lower than expected. In the North American session, AUD/USD is trading at 0.6493, down 0.78%. Australia’s inflation rate remained steady in January at 3.4% y/y, unchanged from December and below the market estimate of 3.6%. This matched the lowest rate of annual inflation since November 2021. The...
The New Zealand dollar is trading quietly on Tuesday. In the European session, NZD/USD is trading at 0.6165, down 0.12%. All eyes are on the Reserve Bank of New Zealand, which will set the cash rate on Wednesday. The central bank is expected to hold rates at 5.50% for a sixth straight time. Most of the major central banks are looking to lower interest rates but...
Japan's economy recently slid to the fourth-largest position, trailing Germany. This shift is primarily attributed to a weakened Japanese yen. In 2023, Japan's GDP stood at approximately $4.2 trillion, while Germany's was around $4.45 trillion. The weakness in the Japanese yen is pressuring BOJ Governor Kazuo Ueda to address this by tightening Japan's ultra-easy...
The Canadian dollar is trading quietly on Wednesday. In the North American session, USD/CAD is trading at 1.3517, down 0.07%. Investors are anxiously awaiting the release of the minutes of the Fed’s January meeting later today, hoping for some insights about the Fed’s future interest rate path. The markets had priced in a March cut after the Fed signaled in...