Risk-Off Coupled With Renewed US Dollar Weakness as Trump Reasserts Threat to Remove Fed Chair Powell

GBP/USD takes a breather after hitting a five-month high. Overbought signals strengthen as price tests key resistance. GBPUSD has been treading water around the 1.2923 level, struggling to gain further traction after its March bull run stalled near the upper boundary of its bullish channel. The pair surged as high as 1.2945 last week, marking […]

Summary We expect the FOMC will reduce the federal funds rate by 25 bps at the conclusion of its upcoming meeting on December 18 while simultaneously emphasizing that future rate cuts will be slower-going and dependent on incoming data. Data over the inter-meeting period suggest ongoing resilience within the U.S. economy. The labor market cooling […]

WTI Oil extends pullback into second consecutive day after recent rally repeatedly failed to clearly break pivotal Fibo barrier at $78.13. Subsequent easing is generating an initial signal of reversal and formation of a lower platform at $78.50 zone, as fresh bears broke below 200DMA ($77.65) and converged 10/100DMA’s ($77.12), though close below these levels […]