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Thursday, September 12, 2024

American Market Recap: CPI and PPI data point to a tame ore PCE next month

CPI and PPI data point to a tame ore PCE next month

Nick Timiraos from the WSJ has tweeted that economists who map the CPI and PPI to the core PCE, are forecasting a rise of 0.13% to 0.17% for the August PCE. A reading of 0.13% would round to 0.1%, wh... 

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Was the CItigroup trader the best trader in the world? He thinks so.

The Financial Times has published a fascinating article about Gary Stevenson, a former Citibank trader who boldly claims to have been the best trader in the world. The piece, titled "Gary Stevenson cl... 

EURUSD runs to the 200 hour MA.

The EURUSD is running to a new high for the day up to 1.10597. That has now taken the price of the pair above its 200-hour MA at 1.10563. Traders will be looking for more upside momentum on the break... 

WSJ Timiraos: Fed has a rate cut dilemma. Go big or go small

The WSJ Timiraos is out with an analysis of the upcoming Fed rate decision. The title of the article says it all with the author calling the decision a dilemma. That is does the Fed go big or small (o... 

Reuters IPSOS poll: Harris 47%. Trump 42%

A Reuters/IPSOS poll after the debate shows: Harris 47% . Trump 42% Among registered voters who heard at least something about Tuesday's presidential debate, 53% said Harris won, while 24% said Trump... 

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Latest Forex Orders

FX option expiries for 12 September 10am New York cut

There are quite a number to take note of, as highlighted in bold . The first ones are for EUR/USD and they are layered from 1.1000 through to 1.1050. That sort of keeps a lock on things until we get t... 

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