Blogs

<ul><li>Consumer confidence and spending shows Americans faith in their personal finances</li><li>China's slowdown, Red Sea disruptions are risks for US economy but appear contained</li><li>Biden to be vigilant that steel continues to be made in the US by Americas</li><li>Asked about lowering tar

<p>USD/JPY is up 44 pips to 148.11 today, which is the highest since Wednesday.</p><p>The dollar is broadly strong over the past hour and that's helping to lift the pair. Treasury yields have climbed 2-4 bps across the curve with the help of strong consumer spending in the PCE report and a sizzling pending home sales [&hellip

<ul><li>Prior was 0.0% (revised to -0.3%)</li><li>Index 77.3 vs 71.6 prior</li></ul><p>Are we in the early stages of a housing boom? Rates dipped a bit in December and home buyers rushed in. I think that's a tell about how many people are lurking and waiting to buy homes.</p> This article was wri

<p>US stocks are down in the pre-market with the Nasdaq lagging. S&amp;P 500 futures are 0.1% lower while Nasdaq futures are down 0.4%.</p><p>Intel is a drag with shares down 9.8% in the pre-market after poor 2024 guidance. T-Mobile is also down 3% after earninsg while American Express is up 2% and Visa down 2.6%.</p><

<p>Today's PCE report had mixed implications for the Federal Reserve. The spending numbers were strong, suggesting that the consumer remains strong but core and headline inflation fell once again.</p><p>The Fed has repeatedly pointed to core PCE and it tracked down to 2.9% y/y from 3.0% previously as the covid recovery contin

<p>Monday</p><p>The PBoC left the LPR rates unchanged as expected:</p><ul><li>3.45% for the one year.</li><li>4.20% for the five year.</li></ul><p>The US Leading Economic Index (LEI) fell by less than expected:</p><ul><li>LEI -0.1% vs. -0.3% expected and -0.5% prior

<ul><li><a href="https://www.forexlive.com/news/us-november-pce-core-inflation-32-vs-33-expected-20231222/" target="_blank" rel="follow">Prior </a>was +3.2%</li><li>PCE core m/m +0.2% vs +0.2% expected</li><li>Prior m/m core +0.1%</li><li>Headline PCE +2.6% vs

The AUD/USD pair rebounds to near the round-level resistance of 0.6600 in the late London session.

<p>Happy Friday.</p><p>The US PCE report at 8:30 am ET and pending home sales at 10 am are on the economic calendar today.</p><p>The PCE report is the big one as it's the Fed's preferred measure of inflation and it also offers other indications on consumer health. What's expected:</p><ul><

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset=