USD Democrats have taken the control of the House of the Representatives for the first time since 2010. Republicans have retained the control of Senate as was expected. A divided Congress will present a hindrance for president Trump and his legislative...
USD PCE Core for September came in at +2% y/y as expected. Core PCE came in at +0.2% m/m vs +0.1% as expected. Personal income came in a bit softer at +0.2% vs +0.4% expected. Inflation continues along FED’s preferred path, but sluggish personal income g...
USD New home sales for September came in at 553K vs 625K expected. This is a much weaker reading than anticipated and comes as combination of slowly rising wages, higher rates and affordability. FED’s Mester stated that fundamentals of the US economy a...
USD Retail sales in the US came in worse than expected, however the control group, which represents the total industry sales that are used to prepare the estimates of PCE for most goods, showed an increase to 0.5%. This increase can positively influence...
USD Treasury yields are pushing the dollar up. 10 Year Treasury yields are trading near the highest levels since March, 2011. Currently, FED fund rates have priced in a 74.6% chance of a rate hike. This probability is expected to grow more in...
USD The dollar scored another winning day thanks to higher US bond yields. Optimistic remarks from Fed officials, along with improved sentiment from the Beige Book, revived rate hike expectations even as some medium-tier reports previously missed...
GBPJPY continues to trend higher but has bounced off the top of its long-term ascending channel visible on the 4-hour time frame. Price could be gearing up for a pullback to support at the 151.50 minor psychological mark. Applying the Fibonacci...
USD The US dollar has been able to regain some ground recently thanks to strong medium-tier data and a pickup in bond yields on cooling geopolitical risks. Industrial production and capacity utilization beat expectations, as well as building permits...
USDJPY previously broke below support around the 109.00 major psychological level and has dipped to a low of 105.25 before pulling up. Applying the Fibonacci retracement tool on the swing high and low on the daily time frame shows that the 50% Fib lines...
USD The dollar barely reacted to upbeat retail sales data as traders remained doubtful about Fed tightening plans and worried about geopolitical risks. Headline retail sales rose 0.6% versus the 0.4% consensus while the core reading posted a 0.2% gain...
