Category Finance

ICYMI, Justin ahd the headline on this Thursday: Goldman Sachs now sees Fed cutting by 25 bps at each meeting until June next year Adding in a little more now: from the GS note. Analsyst at the bank argue that the main reason for the larger rate cut,…

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Morgan Stanley shifts its risk outlook on the USD to neutral and recommends going long on JPY against the USD and other risk-sensitive currencies amid heightened concerns of a hard landing. Key Points: Risk Skew Adjustment: Morgan Stanley adjusts its risk skew on the USD to neutral in…

The GBPUSD experienced a volatile session today, similar to many other pairs. Following the Bank of England’s decision to keep interest rates unchanged, the price surged to a high of 1.33132. However, the momentum reversed after the US weekly jobless claims report came in better than expected, prompting…

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

August National CPI data from Japan is due on Friday Japan time. We have had the Tokyo CPI data for August, which came in higher vs. July: Tokyo area Aug inflation data: Headline 2.6% y/y (prior 2.2%) The Bank of Japan statement follows a few hours later. There…

The head of US fixed income from Wells Fargo was on CNBC today and he made the point that sub-3.5% in US 10s is too low for the environment we’re in. The Fed is now cutting and prepared to cut aggressively to preserve US economic strength. Sub-3.5% with…

Earlier in the US session, I posted: The price did bounce off the 100-hour MA, and after getting above the 1.1140 level, has extended up to a corrective high of 1.1167. The next target comes in at the high for the day at 1.1178. Above that and the…

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The Federal Reserve cut rates by 50 basis points yesterday, but since then, the US 30 year mortgage rate has moved up six basis points to 6.17%. Of course the Fed funds rate is a shorter-term overnight lending rate that the Fed targets in its monetary policy. Meanwhile,…