MUFG says the biggest obstacle to an interest rate cut at the Federal Reserve’s September meeting would be a sharper-than-expected rebound in US inflation over the summer. Investors will be watching this week’s July CPI and PPI releases for signs that higher tariffs are filtering through to prices. The bank cautions that a significant upside … Read more
Goldman Sachs have assembled what they say is early analysis only of where tariffs are hitting pockets. Data as of June 2025, so yeah, still early: Foreign exporters have absorbed about 14% of US tariffs, while American companies have taken on 64% and consumers 22%, with protected domestic firms also raising prices and consumer costs … Read more
Bank of America is cautioning that the Federal Reserve should resist the urge to lower interest rates at its September policy meeting, arguing that recent economic data doesn’t justify an early start to easing. In a note to clients, the bank said policymakers favouring cuts are underestimating the impact of a labour supply shock and … Read more
The NASDAQ index has given up eight near 100 point gain on the day and currently trades down -21 points or -0.10% at 21429.93. The S&P index and Dow industrial average are also negative with the S&P now trading down -0.12% 4-7.73 points. At session highs, the S&P was up 17.80 point. The Dow industrial … Read more
Pres. Trump has signed an executive order to extend the deadline for China tariffs by 90 days to November 9. The initial China extension was to expire tomorrow. That will not happen. Kick the can down the road (or TACO – Trump Always Chickens Out). This article was written by Greg Michalowski at investinglive.com. fbs.mobi
This article was written by Greg Michalowski at investinglive.com. fbs.mobi
Last week, USDJPY spent much of its time trapped between key moving averages on the 4-hour chart — with the 100-bar MA acting as resistance and the 200-bar MA serving as support. This created a well-defined consolidation zone where traders were waiting for a decisive break to set the next directional bias. As the new … Read more
Evoking the Home Rule Act, as place the DC police under direct federal control. He will send in the National Guard troops. Recall in June, Trump sent National Guard troops to LA in response to protests for the ICE raids. On June 6, large-scale ICE raids across LA, targeting locations such as the fashion district, … Read more
USDCAD pushed higher in today’s session, breaking above the 200-hour MA at 1.37817 and the 100-day MA at 1.37876. From a technical perspective, those breaks should have been meaningful and set the stage for additional upside momentum. Instead, the rally quickly lost steam, and the price slipped back below both levels, leaving traders to question … Read more
EURUSD has pushed to fresh session lows, pressing against a key technical pivot — the 50% retracement of the drop from the July 1 high at 1.16098. Earlier in the U.S. session, the pair slipped under its 100-hour moving average at 1.16312 (blue line), flipping the near-term bias to the downside. For sellers, that MA … Read more
