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There is a move to largely ignore falling US consumer confidence as it dwindles because of political uncertainty. We’re in an era where politics and the news cycle dominates feelings rather than real indications on wages and job availability. That said, it’s been four straight months of a…

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April 2 is creeping closer and the headlines are dizzying. We started off the week with big pickup in risk assets after a pair of reports saying that Trump was going to leave a few countries off the tariff list. Today though, the FT reports that Trump is…

The USDCAD pair encountered firm resistance at the 100-hour moving average, currently near 1.4329, halting the latest bullish push. The inability to break above this level triggered a downside rotation, signaling that buyers lacked the momentum needed to clear key near-term resistance. The 200-hour MA, located just above…

The NZDUSD continues to draw strong support from the 200-bar moving average on the 4-hour chart, currently at 0.5707. Today marked the fourth successful test of this key level (see lower green line on the chart above), with buyers stepping in once again to halt the downside. Each…

Services index -4 vs +11 last month Manufacturing shipments -7 vs +12 last month Other details: Employment -1 vs 9 last month Wages 19 vs 21 last month Prices paid 3.75 vs 2.23 last month Prices received 2.34 vs 1.62 last month New orders -4 vs 0 last…

Prior was 98.3 Present Situation Index 134.5 vs. 136.5 prior Expectations Index 65.2 vs 72.9 prior 12-month inflation expectations % vs 6.0% prior This is a better indicator than the UMich survey but I think most of the market is at the point where they want to see…

Prior month 0.657M revised prior to 0.664M New Home sales for February 0.676M vs 0.679M estimate New home sales Change MoM 1.8% vs -6.9% (revised from -10.5%) last month. Details: supply: Median sale price: $414,500, down -1.5% from Feb 2024 ($420,900) Homes for sale at end of February:…