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Pullback! Bears Get More To Chew On

Pullback! Bears Get More To Chew On

Two straight down days for the stock market. We haven’t seen that since mid-November. The mid and small caps have pulled back more. Seasonally, this is a mild soft patch that lasts into the 20th. Some things I am thinking about into January. Is this just another mild pullback that will lead to new highs […]
Sticky US Inflation Points To A More Cautious Fed In 2025

Sticky US Inflation Points To A More Cautious Fed In 2025

Image Source: Pexels  US core inflation posted a fourth consecutive 0.3% print, showing that progress towards the Fed inflation goal has clearly stalled. Nonetheless, the Fed’s favored measure of inflation is doing a little better and the jobs market is cooling. We look for another 25bp Fed cut next week, but new Fed forecasts should show a […]
Macy’s Lags Q3 Earnings Estimates

Macy’s Lags Q3 Earnings Estimates

Image Source: Unsplash  Macy’s (M – Free Report) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected […]
BTC Report: XRP Outshines Bitcoin With A 10% Rally Amid Regulatory Wins

BTC Report: XRP Outshines Bitcoin With A 10% Rally Amid Regulatory Wins

Image Source: Pexels  Bitcoin’s (BITCOMP) value surged past the $98,000 mark, reflecting a notable uptick amidst fluctuating market dynamics. Meanwhile, XRP has emerged as a standout performer, overshadowing Bitcoin in recent trading sessions.The broader crypto scene is also abuzz with regulatory news, including Italy’s decision to scale back a proposed tax increase on crypto capital gains. Additionally, strategic […]
Re-Inflation Continues – November Consumer Prices Surge Most Since April

Re-Inflation Continues – November Consumer Prices Surge Most Since April

Having accelerated MoM for the past four months, analysts expected today’s CPI print (for November) will rise once again to +0.3% MoM and they were dead on (the biggest MoM rise since April). The 0.3% MoM rise pushed headline CPI up 2.7% YoY – the highest since July…Source: BloombergCore CPI also rose 0.3% MoM (as […]
EUR/GBP Trades With Caution Near Two-year Low Around 0.8250 Ahead Of ECB Policy Meet

EUR/GBP Trades With Caution Near Two-year Low Around 0.8250 Ahead Of ECB Policy Meet

The EUR/GBP pair trades cautiously near a two-year low around 0.8250 in the North American session on Wednesday. The cross remains vulnerable ahead of the European Central Bank (ECB) monetary policy meeting on December 18.The ECB is almost certain to cut its Deposit Facility rate by 25 basis points (bps) to 3% as officials are worried about […]
GBP/JPY Price Forecast: Recovers Past 194.00, Traders Eye 200-Day SMA

GBP/JPY Price Forecast: Recovers Past 194.00, Traders Eye 200-Day SMA

The Pound Sterling registered decent gains of over 0.20% against the Japanese Yen in early trading during Wednesday’s North American session despite the lack of a catalyst boosting the former. The GBP/JPY trades at 194.46 after bouncing off daily lows of 192.49.Price action remains slightly muted. Traders are awaiting the release of Gross Domestic Product (GDP) figures […]
CPI Right On Target

CPI Right On Target

Equity futures and international markets were little changed headed into the November CPI report. The STOXX 600 was unchanged, and overnight the Nikkei was also unchanged. The CPI report continued the narrative that inflation remains sticky, but it wasn’t any worse than expected. For both the headline and core readings, the m/m and y/y readings […]
EUR/USD Analysis: Awaits US Inflation 
                    
European stocks halt rally

EUR/USD Analysis: Awaits US Inflation European stocks halt rally

 US Inflation ExpectationsThe most important data in today’s economic calendar. The announcement of the US consumer price index readings, and the index is expected to rise for the fourth consecutive month. The core CPI reading – without food and energy prices – is expected to record 0.3 percent. With the announcement of consumer prices and […]
Australian Dollar Hits Four-Week Low Amid RBA Stance And US Dollar Strength

Australian Dollar Hits Four-Week Low Amid RBA Stance And US Dollar Strength

Image Source: Unsplash  The AUD/USD pair continues its downward trajectory, reaching a four-week low of 0.6386 on Wednesday. This decline is primarily influenced by the Reserve Bank of Australia’s (RBA) decision to maintain interest rates at 4.35% per annum for the ninth consecutive meeting. This decision, which was widely expected, reflects the central bank’s cautious approach […]