Author: FX

Kevin Warsh was a Fed Governor during the financials crisis and thanks to rules that release transcripts six years after the meetings, we can see exactly what he argued for and why.They highlight an overly-hawkish plicymaker that was flat-out wrong about the inflation risks. It’s also in stark contrast to his recent turn towards being an unabashed dove, something that seems politically expedient given that he has lobbied for the Fed Chair job for at least 9 years.Warsh was an FOMC governor from 2006 to 2011. Here are some revealing comments.FOMC transcript, Jan 30–31, 2007:“The trends appeared supportive of strong,…

Sector OverviewThe U.S. stock market presents a diverse range of performances today, with notable swings across sectors. Technology is painting a mixed picture; software infrastructure like Microsoft (MSFT) is up 0.59%, whereas semiconductor giant Nvidia (NVDA) remains almost flat at -0.06%. Meanwhile, Advanced Micro Devices (AMD) struggles, plunging by 4.84%.Telecommunications emerge as the day’s winner, with T-Mobile (TMUS) climbing 1.47% and Verizon (VZ) surging 4.07%. The sector benefits from consistent demand and potential market optimism regarding upcoming developments.Market Mood and TrendsToday’s market exhibits a mixed sentiment, with a cautious eye on technology amidst broader economic uncertainties. Investors are reacting to…

If you were watching gold prices on Thursday, you probably witnessed one of the wildest moves in precious metals history. In a single day, gold swung through a massive $500 range—hitting a record high near $5,600 per ounce during the morning before crashing nearly 9% to around $5,100 during U.S. trading hours, then recovering some losses to close near $5,330. That’s like the S&P 500 dropping 400 points and bouncing back 150 points all in one session! For a market that’s supposed to be a “safe haven,” it looked more like a thrill ride. Gold Was Already Running Hot To…

The Euro (EUR) has pulled back following news of the nomination of Kevin Warsh as the next Federal Reserve (Fed) Chairman, but remains trading in a tight range, with bulls called below 1.1950 and support at the 1.1900 area containing downside attempts for now. Better-than-expected Gross Domestic Product (GDP) figures in Germany and the Eurozone, and the uptick in German inflation, have failed to provide any significant support to the pair.US President Donald Trump has confirmed market rumours, choosing former Fed governor Kevin Warsh as the replacement for Jerome Powell as the head of the Fed. The news, advanced by…

S&P 500 futures are now down 0.9% on the day as losses continue to build to start European morning trade. Tech shares are leading declines once more with Nasdaq futures down 1.1% currently. Meanwhile in Europe, major indices are holding slight gains after the more sluggish showing late yesterday. Germany’s benchmark DAX index is at least looking to recover some poise after three straight days of declines, sitting up 0.7% currently.There is plenty to digest in terms of market happenings in the last 24 hours. For one, the heavy selling in precious metals is causing a stir as volatility spikes…

The Japanese Yen (JPY) adds to softer Tokyo CPI-inspired losses amid reduced bets for an early interest rate hike by the Bank of Japan (BoJ). Adding to this, concerns about Japan’s financial health amid Prime Minister Sanae Takaichi’s reflationary policies and political uncertainty ahead of the snap election on February 8 contribute to the JPY’s safe-haven status. This, along with a modest US Dollar (USD) strength, lifts the USD/JPY pair beyond the 154.00 mark heading into the European session on Friday.Meanwhile, speculations that Japanese authorities would step in to stem further weakness in the domestic currency might hold back the…

The QQE Mod indicator takes a different approach. It smooths out that noise while keeping the responsive edge traders need for quality entries. This modified version of the Qualitative Quantitative Estimation indicator doesn’t eliminate false signals—nothing does—, but it filters the junk better than standard momentum tools. What the QQE Mod Indicator Actually Is QQE Mod is a momentum oscillator that builds on the original QQE indicator, which itself was derived from the RSI. Think of it as RSI’s more sophisticated cousin. While standard RSI measures the speed of price changes, QQE Mod adds multiple smoothing layers and a volatility…

With traders already on edge over Fed chair speculation and Middle East oil shocks, Monday’s ISM reading could either validate the “bottoming out” narrative or send another jolt through dollar positioning just as Friday’s NFP looms on the horizon. Here are points you need to note if you’re trading next week’s manufacturing survey release! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

Gold slumps as bets of a more hawkish Fed chair rise; set for best month since 1980 Source link

EUR/JPY is sporting long wicks near a major support zone after trading lower earlier this week. Are we looking at a trend retracement opportunity in the making? Here’s what we’re seeing on the daily time frame: EUR/JPY Daily Forex Chart Faster with TradingView Chart by TradingView In case you missed it, fears of currency intervention from Japanese and even U.S. officials had traders pulling back on their short yen positions. The euro, meanwhile, gave up a few pips as U.S. EU trade tensions eased and U.S. dollar demand improved. Will EUR/JPY’s tides change in the next trading sessions when the…