If anything else, it shows that: 1) The drop earlier wasn’t likely any intervention check or otherwise from Tokyo. I mean, the timing of the move was already suspect as mentioned at the time. And that is arguably the giveaway now after the fact. It is definitely easier to digest and make sense of the […]
Yesterday, the Nasdaq Composite opened lower following a selloff caused by surprisingly high Core PCE data in the US Q1 GDP report. The market started to fade the move right at the open and eventually finished the day almost unchanged. Today we conclude the week with the US PCE report and judging by yesterday’s price […]
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower.The US Q1 GDP surprisingly missed expectations although the core […]