Category Finance

Banco Central do Brasil Monetary Policy Committee (Copom) decision 25bp SELIC rate hikeas expectedBCB says the pace of future adjustments and overall adjustment magnitude will be guided by its commitment to reach the inflation rate targetsays the balance of risk for inflation is titled to the upside more…

FOMC cut policy rates by 50 bp target range is now 4.75-5.00%2024 dot down to 4.4%, indicating another 50 bp by year-end (it was line ball, the difference between year end 25bp and 50bp was only one dot) … expectations are currently 25 bp in November and 25…

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The USDCAD moved lower with the dollar but as the comments from the Fed chair were sprinkled with the “economy is not doing badly”, gave the USD a boost. Looking at the USDCAD, moving below the cluster of MAs between 1.3580 to 1.3588 could not be helped but…

We’ve seen this one before. You can game out the Fed decision as much as possible but the market loves to punish both sides of the trade. That’s exactly what we’re getting at the moment as the US dollar recoups all its FOMC losses, and in some cases…

The EURUSD moved higher (lower USD) after the Fed cut rates by 50 bps. The price extended higher and toward swing highs for the year. The 2nd to last swing high target was at 1.11897, and that level was reached. What wasn’t reached was the double top at…

The Fed delivered a big cut but it was a case of ‘sell the fact’ as equities couldn’t keep the winning streak going. I think at the end of the day, you have a ‘Fed put’ now and that wins out but we could see a squeeze tomorrow.…