Noel

St. Louis Federal Reserve President Alberto Musalem said on Friday he will need more data before deciding to support a rate cut at the September meeting, warning inflation remains above the Fed's 2% targe, per Reuters. Key quotes It is real that inflation is running closer to 3% than to 2%. That's r

The Japanese Yen (JPY) is down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note. Yield spreads are also narrowing in a JPY-supportive manner "The overnight release of Japan’

Higher Timeframe Context On the weekly timeframe, GBP/JPY continues to maintain its bullish structure, with buyers still holding control of the broader trend. However, zooming into the daily timeframe, price has already reacted from a well-defined supply zone, showing signs that upside moment

GBP/USD steadies as traders adopt caution ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium.The preliminary S&P Global US Composite PMI inched higher to 55.4 in August, from 55.1 prior.The UK GfK Consumer Confidence improved to -17 in August from -19 in July. GBP/USD moves

The single European currency is held in a narrow trading range between levels 1.16 and 1.17 for almost a third consecutive week as the summer holidays and lack of surprises in the markets have trapped the exchange rate in a consolidation environment with investors avoiding big bets. Geopolitical dev

The Japanese Yen (JPY) is up a modest 0.2% vs. the USD and outperforming all of its G10 peers with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. JPY to trade between 146.50 support and 148.50 resistance "Domestic trade figures were weaker than expecte

Summary Permits tell the real story Total housing starts surprised to the upside and jumped 5.2% in July. Although single-family and multifamily starts both improved during the month, another drop in building permits suggests that residential construction remains under pressure from high interest ra

Second weekly win, but the air’s getting thin Friday’s close had that “don’t spoil the party” feel — the S&P 500 slipping just enough to show the tape can still blink after another record run. Traders didn’t need a fire alarm to cash a few chips; a strong week and a looming Jackson Hole were eno

S&P 500 made a great move on CPI with regard to the 6,425 area – a move that all clients benefited mightily on (in stocks and EURUSD – let alone being ready for precious metals moves). I wasn‘t spooked by the Nasdaq undershoot following the data release bump, I was more impressed with Russell 20

EURGBP is moving nicely as expected within a three-wave abc corrective setback in wave B as shared back on July 31. It’s actually nicely approaching projected support around 0.8600 level or slightly lower for wave “c” of a three-wave abc correction in wave B, so as soon as it fully unfolds, we will

The US–China tariff game just bought itself another 90 days on the clock, and while that keeps the sledgehammer off the table for now, it’s not the kind of truce that sends champagne corks flying. Tariffs stay locked where they are until November, a welcome pause after August’s slugfest of reciproca