Sep

Today's economic data focused on Canada where retail sales rose by a stronger-than-expected 0.9% but prices were lower than forecast.In the US, two days after the Federal Open Market Committee cut interest rates by 50 basis points, Waller,…

The Fed started its easing cycle by cutting interest rates by 50 basis points. The Fed has “reset” its monetary policy stance away from a period when inflation was high and employment was low. Now the baseline is that inflation is stable,…

The Nasdaq and S&P ended the week with five straight days of gains.As the day and week draw to a close, the Japanese Yen ended the day as the strongest of the major currencies and the New Zealand Dollar was the weakest. The US Dollar…

This tweet is from Nick Timeraos, a Wall Street Journal Fed watcher:Although the data relates to July (with the upwardly revised June result added), the Fed released it on September 3. If you're familiar with this measure of inflation, this…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before…

The EUR is ending the day as the strongest of the major currencies. The USD is also mostly higher with gains vs all the major currencies with the exception of the EUR. The JPY and the NZD were the weakest of the majors. The strongest to the…

USDCAD broke below the midpoint of 50% of the move up from the Oct 21 low at 1.3132 and the June 2023 low at 1.31157. The breakout moved to a new low for this year and a low dating back to September 2022 at 1.3106. USDCAD drops below…