Blogs

<p>The GBPUSD has moved to a new session low near 1.2526. That is just above the 38.2% retracement of the moveout from the October 2023 low to the December 2023 high. That retracement level comes in at 1.25245. </p><p>Earlier today, the price finally moved outside of the 1.2600 – 1.2800 up-and-down trading range. The price [&helli

<p>The EURUSD is extending to a new session low, and in the process is testing the December low and swing level near 1.07233. A break below that level would then target the 61.8% retracement of the move up from the October low at 1.0712. Will below that level and there is not a lot of […]

<ul><li>March cut is unlikely</li><li>Economy has been quite strong</li><li>If we keep getting inflation going down despite strong jobs in GDP growth, then we might be in a period like mid-1990s</li><li>He does not want to rule out a March cut but does want to see more data and not tie the Fed's

<ul><li>Prior month 50.5</li><li>ISM nonmanufacturing PMI 53.4 versus 52.0 estimate</li><li>Nonmanufacturing business activity January 55.8 vs 55.8 last</li><li>Employment.50.5 vs 43.8 last month</li><li>New orders 55.0 vs 52.8 last month</li><li>Prices Paid 64.0 vs 57.4 last m

<p>UBS is the latest to give in to the Fed by pushing the first cut to May from March. </p><p>At 10 AM, Chicago Fed Pres. Goolsbee is expected to give an interview on Bloomberg TV. On Friday, Goolsbee said in a WSJ interview:</p><ul><li>Jobs report raises questions about whether the US is having a productivity pi

<ul><li>Preliminary services PMI 52.9 versus 51.4 last month</li><li>Composite PMI prior 50.9 (preliminary 52.3)</li><li>Services PMI final 52.5 versus 52.9 preliminary and 50.9 last month</li><li>Composite PMI Final 52.0 versus 52.3 preliminary and 51.4 last month</li></ul><p>Highli

<p>US stocks are opening the day to lower with the Dow Industrial Average leading the way. Chairs McDonald's are down -2.83% after earnings. Shares of Boeing are down -2.81% after were problems with quality control. </p><p>A snapshot of the market is showing:</p><ul><li>Dow Industrial Average -152.98 points

<p>The USDCAD price is looking up. In doing so, the price has broken about it 200 day moving average. That key moving average level comes in at 1.34789. If the price can stay above that level, the buyers remain in firm control. The next key target area comes at 2024 highest. There were a series […]

<p>Caterpillar announced earnings today:</p><ul><li>EPS $5.23 versus expected $4.75</li><li>revenues $17.1 billion versus $17.1 billion expected</li></ul><p>In addition, the company said that fiscal year 2024 revenues seen broadly similar to 2023 (+0.5%).</p><p>The company CEO is now

EUR/USD’s break under support in the upper 1.0700s means more losses are likely, economists at Scotiabank say.