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- ECB's Vujcic says the Bank's “direction is clear ... further reduction of interest rates”by Eamonn Sheridan on December 21, 2024 at 11:45 pm
Boris Vujčić, Governor of the Croatian National Bank and European Central Bank Governing Council member spoke in an interview Saturday, confirming what we all know - more rate cuts to ahead from […]
- Forexlive Americas FX news wrap: PCE inflation unexpectedly coolsby Adam Button on December 20, 2024 at 9:25 pm
US November core PCE +2.8% y/y vs +2.9% expectedCanada retail sales for October 0.6% versus 0.7% expectedCanada's NDP says they will vote to defeat the Liberal governmentFed's Goolsbee: Nice to get […]
- Market Recap: U.S. stock indices rise today, but close with weekly lossesby Greg Michalowski on December 20, 2024 at 9:15 pm
The major U.S. stock indices ended the day with gains of 1% or more for all three major benchmarks, but they closed lower for the week. Here’s a detailed snapshot:Closing Levels (Daily Gains):Dow […]
- Fed vice chair for supervision is worried that Trump will try to remove him - reportby Adam Button on December 20, 2024 at 8:56 pm
Fed vice chair for supervision Michael Barr is worried. He was appointed in 2022 for a term that lasts until 2032 but is worried that Trump may try to remove him.Reuters reports that he sought advice […]
- Dallas Fed trimmed mean November PCE price index +1.8% vs +2.9%by Adam Button on December 20, 2024 at 7:38 pm
Prior was +2.9%These are one-month annualized numbers so small changes led to swings like this. That said, the latest number is one-month running at a sub-2% pace, 11 more to go.6-month annualized: […]
- House speaker Johnson: We have a unified agreement among Republicansby Adam Button on December 20, 2024 at 7:23 pm
Johnson says there will be no government shutdownTalk is cheap, let's get the vote.Update: It sounds like this won't be split into three parts but will just be the bill that failed yesterday but […]
- Video: The real thing to watch with the new US governmentby Adam Button on December 20, 2024 at 6:49 pm
Yesterday I spoke with Dale Pinkert from Forex Analytix about the state of broader markets and a few of the things that have me worried. Here is a summary:Stock Market Trends: Fiscal tightening, […]
- Trump's tariff threats don't seem so badby Adam Button on December 20, 2024 at 6:23 pm
The fear in markets is that Trump is going to be hitting everyone with tariffs. He's a very tough guy to predict but I'm growing more optimistic.1) The threats to Mexico and Canada are solvableOne of […]
- House Republican leadership suggests progress on an agreement on the debt limitby Greg Michalowski on December 20, 2024 at 6:03 pm
According to Punchbowl News:Republican leadership has proposed a plan addressing the debt limit.The proposal includes raising the debt limit by $1.5 trillion in the first reconciliation package.It […]
- USDCHF reaches its 200 hour MA and swing area targetby Greg Michalowski on December 20, 2024 at 5:58 pm
The USDCHF fell below its 100 hour moving average, swing area and upward sloping trendline near 0.8956. That tilted the short-term bias to the downside. That momentum continued to the next key target […]