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<p>Whew … 'buy', I guess ….</p><p>***</p><p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan a

<ul><li><a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">FOMC decision: No change to rates. 2024 median dot 4.6% vs 4.9% expected</a></li><li><a href="https://www.forexlive.com/centralbank/fomc-dot-plot-and-central-tendencies-f

<p>Earlier this week, the Fed funds futures curve was pricing in 107 basis points of easing next year. That's now up to 144 basis points.</p><p>Powell did nothing to push back on market expectations of cuts next year and the dot plot was similar. In the past month, few if any Fed officials have leaned against […]

<p>The Nasdaq index moved up to a high of up 210.16 points. There has been some profit-taking coming in and it currently is up 177 points or 1.21% at 14710.31. The Nasdaq index traded at the highest level since January 2022 but is still 9.72% away from its November 2021 high</p><p>Meanwhile, the Dow Industrial Average […]

<p>I haven't been truly surprised by anything that Powell has said until that line.</p><p>There's a good argument for keeping rates high a bit too long and making sure the job is done right but he's talking here about threading the needle and bringing rates down at just the right moment.</p><p>To me, tha

<p>The US 2-year yield is now down -29 basis points at 4.439%. That is the lowest level since June and the largest one-day decline since March. Looking at the daily chart the prices approaching its 50% midpoint of the move up from the March low. The level comes in a 4.407%.</p><p>Looking at other points on […]

<ul><li>Far too early to declare a soft landing</li><li>I have always felt there was a possibility economy would avoid recession</li><li>There's always a possibility of recession next year</li><li>Little basis for thinking there's a recession now</li><li>There was a general expec

<p>The USD has moved sharply lower after the Fed lowered the EOY rate projection to 4.6% from 5.1%. </p><ul><li>The EURUSD moved above the 200 day MA and 38.2%. </li><li>The USDJPY moved lower and below a swing area between 144.399 to 144.54. Stay below that level is more bearish. </li><li>The GBPUSD

<ul><li>Growth in economic activity has slowed substantially</li><li>Given how far we've come, and given uncertainties, we are proceeding carefully</li><li>Inflation has eased with a significant rise in unemployment</li><li>Labor demand still exceeds supply, but gap has narrowed</li><li&

<p>Watch live here:</p> This article was written by Adam Button at www.forexlive.com.