Category Finance

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.

New Zealand economc growth data leads off the calendar. Another contraction for the economy is expected. I posted earlier in the week in the view from NZ Treasury: New Zealand Treasury see more positive data, but no firm sign of a recovery just yet Australian labour market data…

The focus of the Wednesday session was, of course, on the Federal Open Market Committee (FOMC). But, ICYMI, a development for stock exchanges of note. The share market top regulator, the U.S. Securities and Exchange Commission (SEC),has voted to allow stock exchanges to price many shares in increments…

US equity close: Big Fed cut can’t fuel an 8th day of gainsThe ‘ole FOMC ‘sell the fact’ hits againCrude oil settles down eight cents at $69.88Powell Q&A: We concluded that 50 basis point cut was the right thingPowell opening statement: We’re committed to preserving our economy’s strengthGold…

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July 31September 18, 2024 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT ShareShare Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have moderatedslowed, and the unemployment rate has moved up but remains low. Inflation has eased over…

Federal Reserve Chairman Jerome Powell delivered the razzle dazzle on Wednesday with a 50 basis point cut to start the rate-lowering cycle. Economists didn’t expect the move but markets had sniffed it out with Fed funds futures pricing in a 55% chance of a larger cut. The immediate…

The initial reaction on the 50 basis point rate Is for the US dollar to move lower: USDJPY. The USDJPY moved to a low of 140.76. That was within five pips of the swing low from last Wednesday’s trading day. The price is currently trading below its 100-hour…