USD/JPY retreats to 156.50 after reaching multi-month highs on softer US PCE data
The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 following the release of US Personal Consumption Expenditure (PCE) data.
Read More »ECB’s Vujcic says the Bank’s “direction is clear … further reduction of interest rates”
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…
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US Dollar flirts with a break below 108.00 in the DXY after PCE print
The US Dollar (USD) is residing not far from its fresh two-year high of 108.55 that was hit during the Asian-Pacific trading session. The move was supported by rising US Treasury…
Read More »Forexlive Americas FX news wrap: PCE inflation unexpectedly cools
US November core PCE +2.8% y/y vs +2.9% expected Canada retail sales for October 0.6% versus 0.7% expected Canada’s NDP says they will vote to defeat the Liberal government Fed’s…
Read More »Too labored bottoming
S&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I had been bearish ever since the intraday update issued for…
Read More »EUR/USD Price Analysis: Slight end-of-week rebound fails to break key resistance
After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a minor rebound by the end of the week, adding 0.28% to trade near 1.0395 on…
Read More »Trump says he wants the debt ceiling eliminated or extended
I mean, he’s kind of giving up the playbook here, no? Democrats still control the Senate so they can toss him this grenade. It would also be very difficult for…
Read More »Gold Technical Analysis – The bulls held the line
Fundamental Overview Gold dropped briefly below a key support yesterday following the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks,…
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