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Forex Technical Focus: EUR/USD, GBP/USD, USD/JPY, Gold, Oil, S&P 500 - 5/20/2024
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly open.
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- From channelnewsasia.com|May 20, 2024|1 comment
The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank ...
- From bnnbloomberg.ca|May 20, 2024
The sudden death of Iranian President Ebrahim Raisi has the world asking who’ll eventually replace him as the Islamic Republic’s de-facto no. 2. For now, that job falls to ...
- From axios.com|May 20, 2024
San Francisco Fed president Mary Daly told Axios on Friday that it's not clear whether inflation is definitively receding and there is no "urgency" to adjust interest rates. Why it matters: Inflation cooled for the first time in 2024 last month, relieving economists that progress might not have stalled out. But one month of data has not convinced Fed officials that price pressures are evaporating in a way that puts near-term interest rates back on the table. What they're saying: "Fortunately, policy is in a very good place. We are in what I call the ready position," Daly told Axios at the University of San Francisco. "We can adjust policy as we need to." • Earlier this month, the Fed acknowledged signs that progress on inflation had stalled. That's raised questions about whether decades-high interest rates might need to be pushed up further to wrestle inflation down. post: FED'S DALY: I AM NOT YET CONFIDENT INFLATION COMING DOWN SUSTAINABLY TO 2%. post: FED'S DALY: I EXPECT IMPROVEMENT IN SHELTER INFLATION, JUST NOT RAPIDLY.
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- From @financialjuice|May 20, 2024
post: FED'S MESTER: MONETARY POLICY IS RESTRICTIVE. post: Mester: April CPI Report Was Good News, but Too Soon to Tell What Path Inflation’s on Mester: Inflation Progress Stalled in First Three Months post: FED'S MESTER: RISKS THAT WE'RE TOO RESTRICTIVE HAVE GONE DOWN. post: Mester: Inflation Risks Are Tilted to Upside Mester: I Don’t Think About Potential Rate Cut in Terms of When post: FED'S MESTER: THERE'S NO RISK IN SPENDING MORE TIME GATHERING DATA ON INFLATION BECAUSE THE ECONOMY IS STRONG.
- From @DBNewswire|May 20, 2024
post: Mester: Rate Cut Depends on Progress with Inflation Mester: Lack of Progress on Inflation Was Not Welcome Mester: No Risk in Spending More Time Gathering Data on Inflation Because Economy is Strong Mester: MonPol’s Moderating Demand, but Not as Fast as Expected post: Mester: Still Think Inflation Will Come Down Mester: but Inflation Won’t Come Down Quickly post: Mester: if There’s Unforseen Deterioriation on Realside of Economy, Can Cut Rates Mester: Can Hold Rates, or Even Raise Them, if Inflation, Against Expectations Stalls Out or Reverses post: Fed’s Mester: Neutral Rate May Be Higher Than Previously Expected - BBG TV - Says She Raised Her Estimate On Neutral Rate In March - Previously Saw 3 Cuts In 2024, No Longer Believes 3 Cuts Is Appropriate
- From ritholtz.com|May 20, 2024
My long-standing skepticism about survey data has reached the point where I feel compelled to comment on the current state of the art. While it is always risky to ignore broad, ...
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- Posted: May 20, 2024 1:30pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,010