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<p>Y'all finished with playing the headline ping pong on the FOMC and Mr. P? </p><ul><li>"We're gonna cut, but not yet, so just calm down!" is the central message.</li></ul><p>OK then. Over to Asia for some continuation. After this lead-in from Wall Street China is going to have a shocke

<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 at www.forexlive.com.

<p>The US stocks tumbled lower after Fed Chair Powell told the markets that March is not the base case for rate cuts:</p><p>The final numbers are showing:</p><ul><li>Dow Industrial Average -317.03 points -0.82% at 38150.29. The fall was the largest since December 20, 2023</li><li>S&amp;P index -79

<ul><li><a href="https://www.forexlive.com/centralbank/federal-reserve-leaves-rates-unchanged-at-525-550-20240131/">Federal Reserve leaves rates unchanged. Won't cut until has confidence on inflation fall</a></li><li><a href="https://www.forexlive.com/centralbank/powell-i-dont-think-its-lik

<p>Economic Growth and Outlook</p><ul><li>Progress: Acknowledges significant progress in the economy.</li><li>Uncertainty: Highlights the uncertain path forward and notes the economy is broadly normalizing, driven by post-pandemic healing and labor market recovery.</li><li>Subdued Activity: Points out

<p>There has been a knee-jerk reaction in the stock market to Fed comment that a March cut is not the base case. </p><ul><li>The NASDAQ index is now down -1.67%. </li><li>The S&amp;P is down -1.28%, and </li><li>the Dow Industrial Average is down -0.48%.</li></ul><p>In the Forex,

<p>The US dollar jumped as Powell said that a March cut isn't the base case and that it's unlikely they will get enough confidence to cut in March. He later added that if jobs are weak, the timeline for cuts could move up.</p><p>Prior to the FOMC statement, the market was pricing in a 62% chance […]

<ul><li>Six month data on inflation is good enough but we have to have confidence it will continue</li><li>We had very strong growth last year</li><li>A lot of the improvement in data has been from goods, eventually that will level out and we'll need to see more from services</li><li>We need to s

<p>The FOMC kept rates unchanged. They took out references to hikes but shot down the idea of an imminent rate cut. The market will have to wait till March or perhaps May or June dependent on the data.</p><p>The USD tilted back to the upside in most of the major currency pairs. In this video, I […]

<ul><li>The economy has made 'good progress' towards dual mandate</li><li>Payroll growth over past three months is averaging 165K, which is still healthy but well below a year ago</li><li>Inflation remains above longer run goal of 2%</li><li>Lower inflation in H22023 were welcome but we will