EUR/USD Rebounds Ahead of US Retail Sales
The EUR/USD rebounded in the first half of today’s session. This was presumably due to […]
All of a Sudden the Intraday EUR/USD Rally Started Losing Steam
Markets EUR/USD yesterday pierced key resistance at 1.0341/50/68 (2017 low/May2022 low/August2022 high). The technical break […]
British Inflation Hits 11%
US stocks extended rally yesterday, as the unexpected easing in producer prices beefed up the […]
Yields Continue to Decline
Market movers today The G20 summit concludes in Bali and we look out for whether […]
Fed Harker expects slowing hike pace approaching a sufficiently restrictive stance
Philadelphia Fed President Patrick Harker said, “in the upcoming months, in light of the cumulative […]
Stocks Surge as Evidence Mounts that Inflation is Cooling
US futures Dow futures +1% at 33911 S&P futures -0.3% at 4027 Nasdaq futures -0.6% […]
Wounded US Dollar Turns to Retail Sales for Direction
Hopes that inflation is finally cooling down led traders to unwind bets that the Fed […]
Weakening of Yen for Now Apparently Isn’t a Support for Japanese Economy
Markets Yesterday was the first day of what we fear will be a November lull. […]
Fed Brainard: Appropriate soon to move to a slower pace
Fed Vice Chair Lael Brainard said yesterday, “I think it will probably be appropriate soon to […]
Australian Dollar Takes a Pause
The Australian dollar is in negative territory today, after posting huge gains last week. In […]
US Markets: End of Bear Market or Another Bear Market Rally?
The recent rally in the markets may not be over, argues Morgan Stanley, which, however, […]
Fed George: Maybe we even have economic contraction to slow inflation
Kansas City Fed President Esther George told the WSJ, “‘I have not in my 40 […]