US economy ended 2024 in a good place Our job on inflation is not done Inflation has been coming down Says she suspects pressures from housing inflation and non-market services inflation are a bump Want to avoid any rapid increase in unemployment They’re in ‘wait-and-see’ mode and will wait for inflation to move or jobs too deteriorate. This article…
GBP/USD climbed back above the 1.2400 handle on Friday. Markets pivoted into a cautiously risk-on stance to end the week. UK data broadly missed the mark on Friday, US PMI figures beat the street. GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 back above the 1.2400…
The latest poll in Canadian from Angus Reid has the governing Liberals at 16%, in a result that could leave them with as few as 5 seats in parliament. There have been a series of reports on various regional caucus revolts in the past few days and seems as though Prime Minister Justin Trudeau has is on his last…
United States Baker Hughes US Oil Rig Count: 482 vs previous 483
The price of bitcoin is trading to a new session high of $98,374. The current price is trading at $98,010. The run to the upside has taken the price closer to a swing area near $99,800. Just above that is a natural resistance at $100,000. A move above that area would give the buyers more control (and give the…
Gold bids cooled back below $2,650, crimping the week’s gains at the tail end. Market risk appetite recovered on Friday after US ISM data improved. Fedspeak further cooled investors concerns, Fed’s Barkin soothes market concerns. XAU/USD dipped on Friday, with Gold prices falling roughly two-thirds of a percent and dipping back below $2,650 per ounce as market sentiment recovers…
The vote for the Speaker of the House is underway. WIth 434 House members present it will take 218 votes to get elected Speaker. The House speaker election is a crucial test for Donald Trump’s leadership and legislative agenda as he prepares for his second term. Trump’s endorsement of Mike Johnson ties the speaker’s success directly to his own…
GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 back above the 1.2400 handle. UK macroeconomic and consumer credit data broadly missed the mark early on Friday, but the low-tier figures barely registered on the needle. On the US side, US business activity survey results helped to…
Mon: EZ, UK & US Final Composite & Services PMIs (Dec), German Prelim. CPI (Dec), US Factory Orders (Nov) Tue: Swiss CPI (Dec), EZ Flash HICP (Dec), Canadian Trade Balance (Nov),US ISM Services PMI (Dec), JOLTS (Nov) Wed: FOMC Minutes (Dec); German Retail Sales (Nov), Swedish CPIF (Dec), Australian CPI (Nov), US ADP (Dec) Thu: German Trade Balance (Nov),…
NZD/USD holds key support of 0.5600 as the NZD rebounds after PBoC’s dovish guidance on interest rates. The US Dollar declines as the Fed is expected to follow a more gradual policy-easing approach this year. Investors await the US ISM Manufacturing PMI data for December. The NZD/USD pair gains firm-footing near the round-level support of 0.5600 in Friday’s North…
