Dollar Price

YoY Flash: 10.7% (forecast 10.3%, previous 9.9%) Full Report Reuters Note – Consumer price growth in the common euro19 country accelerated to 10.7% in October from 9.9% a month earlier, beating expectations. Eurostat data...

1 Minute

Forex

Eurozone GDP QoQ Prelim Flash: 0.2% (Forecast 0.1%, Previous 0.8%)

Michael Cooper 31 października, 2022

Eurozone GDP: QoQ Initial Flash: 0.2% (est 0.1%, previous 0.8%) YTD: 2.1% (est 2.1%, previous .1%) Full Report Reuters Note – Estimates from the Statistical Office of the European Union estimates of domestic product...

1 Minute

Forex

Profit-taking of a crypto mini-rally

Michael Cooper 29 października, 2022

Bitcoin recovered some of the gains made earlier this week, losing 2.7% in the last 2 hours to $20.3,000. Ethereum, which previously rose more actively, is now actively correcting, falling 3.5% to $1,500. Total...

1 Minute

Forex

Major US indices close near the highs for the day.

Michael Cooper 29 października, 2022

Major US indexes close near the day’s highs, ending a solid week led by the Dow industrial average. The Dow is on pace for its best October and its best month since January 1976...

1 Minute

Forex

USD/JPY is up in 13 straight days. This can’t go on

Michael Cooper 22 października, 2022

Today’s Japanese CPI report certainly did not push the Bank of Japan’s hand. With prices up 3.0% for the year (estimated), there is no need to change tactics. In addition, the BOJ increased its...

1 Minute

Forex

Timiraos: Fed 'barreling toward’ a 75 bps hike in November

Michael Cooper 22 października, 2022

WSJ Fedwatcher Nick Timiraos posts the latest and says: „Federal Reserve officials target another 0.75 percentage point rate hike” and whether to announce a smaller rate cut in December. He highlights the divide at...

1 Minute

Forex

US equities continue to make new lows as Nasdaq decline nears 3%

Michael Cooper 15 października, 2022

Yesterday’s optimism has certainly faded. The market seems to indicate that the problems in the gold market are not resolved and when inflation will peak is certainly an open question. Adding to the rest...

1 Minute

Forex

Fed’s Bullard: September inflation warrants more frontloading

Michael Cooper 15 października, 2022

Appropriate for rates to reach .50- .75% by the end of the year and further rates „depend on data” Bullard previously talked about a Q1 peak of around .5%, but now he is talking...

1 Minute

Forex

The Ethereum merger was a success – but now?

Michael Cooper 9 października, 2022

Ethereum successfully merged its beacon into a real proof less than a month ago, leading to arguably the biggest event since the creation of Bitcoin. Not only was it for the huge Ethereum community,...

1 Minute

Forex

Atlanta Fed GDPNow estimate for 3Q growth rises to 2.9% from 2.7%

Michael Cooper 8 października, 2022

The Atlanta Fed’s GDPNow model of third-quarter growth rose to 2.9%, up from 2.7% in today’s data. This is the highest growth forecast for the third quarter. It is also up sharply from the...

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