Blogs

<p>The EURUSD has moved to a new week high and high going back to August 10. The next key target is that August 10 high at 1.10648. The high price today reached 1.10395 today. A move above 1.10648 will have traders targeting a swing area on the daily chart between 1.1095 and 1.11346 (see red […]

<ul><li>Prior month 0.679 million annualized pace revised to 0.672M </li><li>New-home sales -12.2% largest decline since April 2022</li><li>New homes for sale at the end of November 0.451 million units versus October 0.440 million units</li><li>New home sale supply 9.2 months vs 7.9 months in October.

<ul><li>Prelim was 69.4</li></ul><ul><li>Prior was 61.3</li><li>Current conditions 73.3 vs 74.0 prelim </li><li>Expectations 67.4 vs 66.4 prelim</li><li>1 year inflation 3.1% vs 3.1% prelim — lowest since March 2021</li><li>5-10 year inflation 2.9% vs 2.8% pre

<p>The major US indices are trading higher after tame core and headline PCE data out of the US this morning. The good news is inflation is melting away. There is some worry, however. </p><p> Nike reported their earnings after the close yesterday and their guidance was not all that rosy. Shares of Nike are trading […]

<p>Iran’s paramilitary forces are providing real-time intelligence to Yemen’s Houthis that are then used to target ships in the Red Sea, <a href="https://www.wsj.com/world/middle-east/iranian-spy-ship-helps-houthis-direct-attacks-on-red-sea-vessels-d6f7fd40?mod=Searchresults_pos2&amp;page=1" target="_blank" rel=&quo

<p>The US dollar initially rallied after the dual releases of PCE inflation data and durable goods orders. The latter was strong and that initially carried the day but a closer look at PCE put the focus back on inflation and the likelihood the Fed will reach its target sooner.</p><p>PCE core inflation rose 3.2% y/y, which [&hellip

<p>Monday</p><p>The New Zealand Services PMI for November jumped back into expansion:</p><ul><li>Services PMI 51.2 vs. 49.2 prior.</li></ul><p>BNZ Senior Economist Doug Steel:</p><p>“Despite November’s lift, the PSI remains below its long-term norm of 53.5. And the combination of con

<p>The USDJPY is trading toward the low for the day after an up and down run after the data dump at 8:30 AM. The key was the PCE inflation data. </p><p>Inflation in the US is clearly trending lower. The market is chatting about the shorter term 3-6 month trends, but going forward the Core PCE […]

<ul><li>Prior was -15.0</li></ul><p>This is a leading indicator for Europe. Things have good from 'terrible' to 'plain bad'.</p> This article was written by Adam Button at www.forexlive.com.

<ul><li>Prior was +3.5%</li><li>PCE core m/m +0.1% vs +0.2% expected (unrounded at 0.09%)</li><li>Prior m/m core +0.2%</li><li>Headline PCE 2.6% vs +2.8% expected (prior +3.0%)</li><li>Deflator m/m -0.1% vs +0.0% expected (prior +0.0%) — first negative monthly reading since April 202