2023

Fed Chair Jerome Powell is expected to speak at the Economic Club of New York later today, and will probably deliver the last substantive comments from a Fed official before the next FOMC meeting. He will have to walk a tightrope as markets…
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EURUSD struggles for support The US dollar strengthened after Fed officials echoed the need for interest rates to stay high for a while. A break above the previous swing high of 1.0610 has offered buyers some relief by forcing the…
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The USDJPY is once again flirting with the 150 level, after bouncing off of it earlier this month. There were wide-spread rumors that the Japanese government had intervened on October 4, and the pair backed off. But the persistent dollar…
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USDCAD consolidates gains The Canadian dollar stalled after a slowdown in September’s CPI. On the daily chart, overall sentiment has significantly improved following a series of swing highs. The pair is still striving to consolidate…
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On Wednesday, China will release a trove of economic data, including industrial production, unemployment, and fixed asset investment. But probably the most important data for the currency markets will be the release of its third quarter GDP…
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NZDUSD tests critical floor The New Zealand dollar stalled as CPI readings in the Q3 fell short of estimates. The pair is striving to hold onto its October rebound as the bid revisits the bottom at 0.5880. As the RSI sank into the…
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The UK will release a trove of data this week, with the inflation and jobs numbers likely to have the biggest impact on the market. The consensus is that they will show a continued cooling in economic activity in the UK, which could support…
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