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<p>The US dollar rose around 30 pips across the board as NY Fed President John Williams spoke on CNBC. US equity futures also gave up gains.</p><p>Here is exactly what he said:</p><blockquote>"We aren't really talking about rate cuts right now. We're very focused on the question in front of us, which is&

<ul><li>Prior month +0.4% revised -0.6%</li><li>October's wholesale sales (excluding petroleum, petroleum products, other hydrocarbons, oilseed, and grain) dropped by -0.5% to $81.7 billion.</li><li>Decreases were noted in five out of seven subsectors, most notably in machinery, equipment, supplies, food, be

<ul><li>Prior month +9.1 (the expectations was for a decline of -2.8).</li><li>The Empire manufacturing was the lowest since August</li></ul><p>Details: </p><ul><li>New orders -11.3 vs -4.9 last month</li><li>Shipments -6.4 vs +10.0 last month</li><li>Prices paid 16

<ul><li><a href="https://www.forexlive.com/centralbank/feds-williams-if-we-get-the-progress-im-hoping-to-see-it-will-be-natural-to-cut-20231215/">Fed's Williams: If we get the progress I'm hoping to see, it will be natural to cut</a></li><li><a href="https://www.forexlive.com/centralba

<p>The weather is cooling off in Canada but the currency has heated up.</p><p>USD/CAD fell to a four-month low today despite some US dollar strength elsewhere. Bank of Canada governor Tiff Macklem helped along the move as he pushed back against rate cut talk.</p><p>"We have not started having that discussion (abou

<ul><li>German inflation slowdown is good news</li><li>It's too early to consider ECB cuts</li></ul><p>The slowdown in Europe compared to the US has been stark in the past few months. It's clear the economies are on different paths, even if Lagarde is loathe to acknowledge it.</p> This artic

<p>One of the low-lights of Donald Trump's presidency when it came to markets was when he autographed a chart of the Dow Jones Industrial Average and sent it to Lou Dobs, highlighting a 1985 point rise.</p><p>That was on March 13, 2020, just as the pandemic was kicking off.</p><p>The next trading day the index fel

<p>Crude oil futures are settling at $71.43. That's down -$0.15 or -0.21%. </p><p>For the trading week, the price is little change at +0.25%. The low for the week reached $67.71. The high for the week was up at $72.56. </p><p>Looking at the weekly chart below, the price traded this week above and below the 200-wee

<p>There is one guarantee in the past year: If you post a chart like this, it will get a thousand 'likes'.</p><p>The first thing to notices is that 3% on the blue line is equivalent to 6% on the dotted one. That's a big difference. </p><p>The second thing is that this kind of thing never works. […

<p>The AUDUSD moved sharply higher the last two days and in the process moved above the 50% of the 2023 range at 0.67134 on both trading days. Both days also stalled at 0.6728. Buyers of the shot on a number of attempts above the 50% midpoint, and each time they missed.</p><p>On the downside, the year […]