A new research paper from the Reserve Bank of New Zealand (RBNZ) explores how businesses set prices and how this behaviour affects inflation—both now and in the future. Key Findings: Price-setting is a major driver of inflation: The way firms adjust prices for goods and services plays a critical role in determining the pace and persistence of inflation. Recent…
WTI Crude Oil falls over 3% intraday on Friday but remains up 2.25% for the week. Geopolitical volatility spikes after US President Trump announces the deployment of nuclear submarines near Russia. Technically, WTI remains trapped in a symmetrical triangle with the price now approaching the lower boundary. West Texas Intermediate (WTI) Crude Oil is under pressure heading into the…
The U.S. economy is on the verge of a recession, according to Mark Zandi, Chief Economist at Moody’s Analytics, who issued a stark warning following a raft of disappointing economic data last week. Zandi said the latest indicators point to a stalling economy, with consumer spending having flatlined, construction and manufacturing sectors slipping into contraction, and employment poised to…
The Dow Jones tumbled over 1.85% on Friday peak-to-trough. US NFP jobs figures came in well below expectations alongside steep revisions. A shuddering labor market has reignited hopes for more Fed rate cuts soon. The Dow Jones Industrial Average (DJIA) plummeted almost 2% top-to-bottom on Friday, falling over 800 points from Thursday’s closing bids at its lowest point. Equity…
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week. Indicative rates: EUR/USD 1.1588 USD/JPY 147.28 GBP/USD 1.3280 USD/CHF 0.8050 USD/CAD 1.3775 AUD/USD 0.6478 NZD/USD 0.5925 Not too much change from late Friday. Weekend posts: Fed’s Williams say’s he’ll have “very much an open mind” on September meeting rate cut…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Going back in time, the NASDAQ index has been above its 200 hour moving average going back to April 24. Today, the price decline dipped below that moving average (at 20598) to a level of 20573 before bouncing back to the upside. The index is currently at 20692. Watch that moving average for bias clues. A break below would…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
US President Donald Trump fired the head of the Bureau of Labor Statistics on Friday after getting jobs numbers he didn’t like. It’s an extremely concerning move for anyone hoping to trade based on reliable economic data. it’s also reminiscent of Argentina and various other despotic regimes and it’s never ended well. At some point, it’s going to be…
Australia CFTC AUD NC Net Positions: $-78.1K vs $-81.3K
