Bears Have Stopped Growth in Crypto

The second estimate of fourth quarter real GDP was revised down a hair to 3.2% annualized (3.3% prev.), only slightly below consensus expectations for no revision. Under the hood, downward revisions to inventory investment and federal government spending were partly offset by upward revisions to state and local spending, consumer spending, and housing investment. Overall […]

Markets Fed governor Waller was the sole highlight of yesterday’s uninspiring, holiday-thinned (Columbus Day in the US) start of the trading week. The man touted as current chair Powell’s successor said the “totality of the data” favours “more caution on the pace of rate cuts than was needed at the September meeting”. He called the […]

USDJPY reversed from key support level 156.50 Likely to rise to resistance level 160.00 USDJPY currency pair recently reversed up from the key support level 156.50, former resistance which stopped the previous minor impulse wave i at the start of May. The upward reversal from the support level 156.50 continued the active minor impulse wave […]