The GBPUSD is racing to the upside with the price up nearly 1% on the day. Today it was the Bank of England’s turn. Yesterday was the Fed’s turn, and each central bank led to buying in their respective currencies. Yesterday the USD benefited. Today the GBP is benefiting. In summary, the Bank of England…
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Prior month 0.745 million revised to 0.712M New Home sales for the month of January 0.587M vs 0.720M estimate. Further details from the report shows: Inventory (Jan 2026): 476K homes (+0.4% m/m, -4.0% y/y) Months’ supply: 9.7 months (up from 8.0 prior, +21.3% m/m, +7.8% y/y) Median price: $400.5K (-4.5% m/m, -6.8% y/y) Average price:…
The USDJPY is trading lower and is now pressing into a critical technical zone, where the 200-hour moving average and a rising channel trendline converge near 158.88. This area is shaping up to be a key short-term barometer for both buyers and sellers, with price action here likely to dictate the next directional move. The…
Treasury Secretary Scott Bessent said the tariff investigations will wrap up just in time for the 150 day deadline in the current tariff regime, which could also be ruled illegal (though that would be retroactive). Normally, this kind of investigation takes 12-18 months but despite a much larger scope of countries, this version will be…
Prior was +16.3 Details: New orders 8.6 vs 11.7 prior Shipments 22.2 vs 0.3 prior Unfilled orders -4.7 vs -12.9 prior Delivery times 18.9 vs -9.9 prior Inventories 1.4 vs -0.2 prior Prices paid 44.7 vs 38.9 prior Prices received 21.2 vs 16.7 prior Number of employees 0.8 vs -1.3 prior Average employee workweek 2.8…
Prior week 213K Initial jobs claims 205K vs 215K estimate 4 week moving average of initial jobless claims 210.75K versus 211.50K last week. Continuing claims 1.857M vs 1.850M estimate. Prior week 1.850M 4 week moving average of continuing claims 1.850M versus 1.852M last week The largest increases in initial claims for the week ending March…
The USD is mixed but modestly lower against the major pairs, with gains in EURUSD, USDJPY, and GBPUSD, while the greenback is firmer vs CHF and flat vs CAD. It is also softer against AUD and NZD, even as US equity futures point lower. US yields are pushing higher, with the 10-year at 4.29% (near…
Headlines: Markets: Oil prices stay elevated amid rising Middle East tensions Brent crude oil up 7% to $115.03, WTI crude oil up 1.3% to $97.50 US dollar eases slightly after post-Fed gains EUR/USD up 0.2% to 1.1468, USD/JPY down 0.5% to 159.08 after BOJ leaves door open for rate hikes Precious metals come under heavy…
Market Overview The crypto market cap has fallen to $2.42 trillion, under pressure from sellers alongside risk assets, as the Fed pushes the next rate cut further into the future, boosting the dollar’s appeal. The decline also coincided with the upper boundary of the corrective rebound being touched. It is possible that cryptocurrencies were simply…
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