Dollar slips lower ahead of key PCE release; euro near three-week high

The escalation in the Russia-Ukraine conflict had only a short-lived impact on FX, and safe-haven demand has rapidly faded. The balance of risks is shifting more to the upside for the US dollar, also considering some positioning re-adjustment may have happened. In the UK, hot inflation should prevent a December BoE cut, and we retain…

One of my least favorite arguments on social media is when some rando gets on and says if you just sat back and bought the S&P you’d be better off.   Because a lot of times, as lazy as it is to say, they were right.   Let’s Not Forget   Before we get too…

Overall Analysis Oil continues its momentum towards downside with swing creation indicating selling opportunities.  Natural Gas is trying to break the selling trend, but 0.5 feb retracement gives strong rejection.  Oil Chart Analysis  Oil/USD 15-Minute Chart (Source: TradingView) On the 31st Oct 2024 trading session, oil prices showed a bull run while taking support of…

The markets were not all that giddy about the Time Magazine interview with Pres Trump. The article addressed several key international and economic issues. He expressed no or little concern about the bond market turmoil earlier in April, stating confidence in his economic direction. On foreign policy, he asserted that Crimea would remain with Russia…