<ul><li>Improvement on inflation is still pretty narrow and focused on goods</li><li>Says he's open to lowering rates once inflation is on track to 2%</li><li>Conceivable that banks want to hold more liquidity than they did before the pandemic</li></ul><p>This isn't a surprise. Previou
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U.S. Treasury auctions of $21 billion of 30 year bonds at a high yield of 4.229%
<ul><li>High Yield 4.229 with a six-auction average of 4.399%.</li><li>WI level at the time of the auction was at 4.230%</li><li>Tail: Previous -0.1 basis points versus six-auction average +2.2 basis points.</li><li>Bid-to-Cover Ratio: 2.37X vs six-auction average at 2.39x.</li><li>Dealers
US treasury to auction or $21 billion of 30 year note at the top of the hour
<p>The US treasury will auction off $21 billion of 30-year bonds at the top of the hour. The auction completes the coupon auctions for the week. The three-year note auction was met with above-average demand (I gave it a grade of B). The 10 year note auction yesterday was met with average demand (a solid […]
Nasdaq bears take over and tilt the short-term bias down. S&P also below moving average.
<p>The 4-day win streak for the Nasdaq index is on track to be broken today. The tech heavy index is currently down 134.21 points or 0.90% at 14835.47.</p><p>The move lower has also taken the price back below its 100-hour moving average. That moving average currently comes in at 14868.74. Yesterday the price extended above the [&h
Fed's Mester: December CPI report shows the job is not done yet
<ul><li>Today's inflation report doesn't change my view on where the Fed is headed</li><li>Forecasts that we will continue to see inflation fall this year</li><li>We will not get to 2% target this year</li><li>The Fed is in a good spot to assess as data comes in</li><li>This repo
USDCAD breaks resistance and targets 200-bar MA, Potential for further upside on a break.
<p>In an earlier video today on the USDCAD, I spoke to the pair getting above the 1.3398 level where the 50% midpoint was found and also above the high of a swing area up to 1.3414. </p><p>The buyers were indeed able to do that, and have subsequently run the price up to another target. This […]
US Inflation Rate Rises to 3.4%, US Dollar Climbs Higher – 11 January 2024
The US consumer price index (CPI) climbed 3.4% year-on-year in December, up from 3.1% in November and above the market estimate of 3.2%.
It's inflation day: US CPI report coming up next
<p>It's been a slow start to the week on the US economic calendar but it gets jolt at the bottom of the hour with December CPI and weekly initial jobless claims.</p><p>CPI is the headliner a wrote a <a href="https://www.forexlive.com/news/preview-what-to-look-for-in-the-december-us-cpi-report-20240110/" target=&q
INFINOX Charts Future Growth with Head of Trading Appointment, Robert Collins
<p>INFINOX, a leading provider of CFD trading solutions, is pleased to announce the appointment of Robert Collins as its new Head of Trading. Based in the London office, Robert will lead INFINOX's global trading team with a focus on delivering premium pricing and efficient trade execution models. </p><p>Rob brings a wealth of
Beyond the Hype: The Double-Edged Sword of Bitcoin's ETF Victory
<p>Financial markets are a rollercoaster of uncertainty and unpredictability. Warren Buffett once said: “The only value of stock forecasters is to make fortune-tellers look good.” Crypto is like that, but on steroids. No wonder, then, that every once in a while, we see the emergence of an event that market thought leaders define as a [&hellip