Matt Weller CFA, CMT
Nasdaq 100 analysis: NDX hits a 7-month high with room to rally further
The Nasdaq 100 is peeking above 12,900 resistance - if the breakout holds, NDX could extend its rally toward 13,700 next
Japanese yen analysis: USD/JPY breaks out despite bearish seasonality
USD/JPY's price action this week is providing a strong signal given the yen's usually bullish seasonal backdrop.
Canadian dollar analysis: USD/CAD knocking on key 1.3605 support
USD/CAD is forming a potential descending triangle pattern into 1.3650 support ahead of key data tomorrow.
FOMC meeting recap: Dollar dives on “dovish hike”
The Fed has toned down its statement to give it flexibility to pause the interest rate hiking cycle in May depending on incoming economic data
Fed meeting preview: Dollar Index at 1-month lows ahead of tight decision
We agree with the market’s expectation that Jerome Powell and company are likely to deliver a 25bps interest rate hike this month, though we certainly wouldn’t be shocked to see the central bank hold fire for now.
US CPI recap: GBP/USD holds above 200-day EMA as inflation meets expectations
The report printed in line with expectations at 6.0% y/y, the smallest annualized gain since September 2021
US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37
In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...
NFP preview: Have dollar bulls gotten ahead of themselves?
Weighing the data and our internal models, the leading indicators point to a slightly above expectation reading in this month’s NFP report - see why!
Powell puts a 50bps March hike firmly on the radar, GBP/USD tests 2023 lows
According to the CME’s FedWatch tool, investors are now pricing in a 60/40 shot of a 50bps rate hike in two weeks’ time and that rates could peak above 5.5%.
Powell prepares to pontificate to policymakers, AUD/USD tests 0.6700 support
Some officials and Fed watchers have suggested a 50 basis-point move should be on the table if inflation fails to slow...
S&P 500 testing 6-week lows as ISM Manufacturing PMI shows price pressures remain
The prices sub-index rose to 51.3 in February, up from 44.5 in January, indicating that manufacturers are paying more for inputs.