Author: FX
USDCAD Technicals: USDCAD extends higher but stalls at key trendline resistance !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The dust is beginning to clear on the Houthi attack on Thursday on Saudi Arabia’s east-west pipeline and the picture isn’t good. The above picture is the ‘after’ and here is the purported ‘before’ image of a pumping station.Evidently, ‘several’ of these were hit in the western part of the country.I want to put into perspective the importance of this pipeline, because it’s critical. It carries up to 7 million barrels per day but analysts have pegged the actual useful capacity at 5-6 mbpd. It was constructed as a (wise) backup to exports via Hormuz and was put into service…
The market is already priced at 86% so they’re late to the party on this one. Might as well also put out a forecast for Spain to win the 2026 FIFA World Cup.In any case, all that’s at stake now is Warsh’s credibility. If he doesn’t hike, then it’s going to be a long, ugly term for him and gold is going straight to the moon. It’s also going to be interesting to see how the tweeter-in-chief reacts. This article was written by Adam Button at investinglive.com. Source link
US August Federal budget deficit $167 billion vs $404 billion expected !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
ECB’s Lane: If the rise in energy prices persists, maybe it will hit consumption !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Oil falls despite fresh attacks on Saudi energy infrastructure !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Meta stock surges on Muse AI launch—but can it break key resistance? !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
After testing key support yesterday, the S&P and Nasdaq indices are squeezing higher. What next technically? !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
U.S. core inflation ran hotter than expected in August 2026. And that one detail may be enough to push the Federal Reserve into its first rate hike in three years! Core CPI rose 0.3% for the month, topping the 0.2% forecast, while headline CPI climbed 0.4% and held at 3.4% over the year. Gasoline did most of the heavy lifting on the headline figure. This time the price pressure showed up in the core too, exactly what the Fed did not want to see six days before it meets. U.S. CPI August 2026: Key Takeaways Headline CPI: rose 0.4% month-over-month…
The US dollar is mixed to start the North American session, with the greenback higher versus the EUR, GBP, CHF and CAD, but lower versus the JPY, AUD and NZD.The largest moves are against the commodity currencies, with the NZD up 0.45% and the AUD up 0.27% versus the dollar. The USD is also down 0.29% versus the JPY. Conversely, the dollar is up 0.34% versus the CHF and 0.20% versus the CAD. The EUR and GBP are only modestly lower.The ranges for the three major currency pairs remain relatively contained ahead of the US CPI report:EURUSD: 1.1592, with a…