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<p>The USDJPY has been trending higher over the last few days, and in the process has been able to move above the 38.2% retracement of the trend move down from the November high. That level comes in at 144.698. Above that was the December 19 high at 144.938. The high-price today reached 144.74 and has […]

<p>The Federal Reserve Bank of St. Louis announced today that Alberto G. Musalem will be its next president and chief executive officer.</p><p>Most recently, he founded a macro-focused quant firm backed by Paul Tudor Jones, which had about $110 AUM.</p><blockquote>Musalem has more than 27 years of public and private se

<p>The St. was Fed has announced that Alberto Musalem will succeed former Pres. James Bullard. </p><p>Bullard started 15 years before resigning to become the Dean of the Krannert School of Management at Purdue University. </p><p> Musalem comes from a small asset management firm called Evincee Asset Management from 2018

<p>ISIS has claimed responsibility for Kerman attack in Iran, saying it was carried out by two suicide bombers.</p><p>Islamic State – Khorasan Province is a Sunni group operating primarily in Afghanistan that is deeply opposed to the damage done to Islamic State’s cause by Qassem Suleimani in Iraq and Syria. Iran closed its order

<p>The Nasdaq index gapped lower in early trading and in doing so, fell below the 200-hour MA for the first time since November 1. That MA comes in at 14589.39. The current price is now trading at 14628.80 up 37 points or 0.26% and is trading back above that key moving average. </p><p>The gain, though […]

<ul><li>Prior was -7114K</li><li>Gasoline +1090K vs -215K exp</li><li>Distillates +1009K vs +588K exp</li><li>Refinery utilization +0.2% vs -0.1% exp</li><li>Production-100K to 13.2 mbpd</li><li>Impld mogas demand: 7.95Mbpd </li></ul><p>Late yesterday, the API

<p>We know of the USDJPYs move higher in early 2024 from earlier posts. That run higher has the USDJPY moving toward my upside target near the 145.00 area. The high price today has reached 144.794 so far. </p><p>The USDJPYs run to the upside is being mirrored in other JPY pairs like the GBPJPY.</p><p>Looking at the [&h

<p>Some US dollar selling has crept in, particularly against the euro and pound. It comes with a bump in risk assets that's pushed the S&amp;P 500 up 0.2%.</p><p>The dollar has started the year strongly and it's been helped by a re-think of the amount of Fed cuts that will come in 2024. That's declined to [&hell

<ul><li>Prelim was 51.3</li><li>Prior was 50.8</li><li>Composite PMI vs 51.0 prelim (50.7 prior)</li><li> New orders rose at the sharpest rate since June</li><li>Service providers recorded a steeper rise in input costs as higher wages and food prices drove inflation but there was a slower

The Federal Reserve released late Wednesday 3rd January 2024 the minutes of the Dec. 12-13 Federal Open Market Committee (FOMC) meeting. Policymakers held rates at the target range of 5.25%-5.5% for a third straight time, after 11 consecutive increases. The US Dollar showed a muted reaction to the minutes and US stock markets declined.