<p>As the North American session begins the AUD is the strongest and the JPY is the weakest. The USD is lower but with gains vs the JPY and the CHF. The USD is lower by 0.60% vs the GBP after the BOE kept rates unchanged a meeting after cutting by 25 basis points.
<p>It was a cruel, counter-intuitive squeeze in markets in the immediate aftermath of the Fed decision.
<ul><li>Prior week initial jobless claims 230K revised to 231K </li><li>Prior week continuing claims 1.850M revised to 1.843M</li><li> Initial jobless claims comes in strong and expected at 219K versus 230K estimate.
<ul><li>Prior was -7.0</li><li class="whitespace-normal break-words" index="0">New orders: -1.5 vs 14.6 prior</li><li class="whitespace-normal break-words" index="1">Shipments: -14.3 vs 8.5 prior</li><li class=&q
<ul><li>Prior was -237.6B (revised to -241.0B)</li></ul><p>This will be a drag on growth but it's inevitable in an outperforming economy.</p>
<ul><li class="whitespace-normal break-words" index="1">Decision-making process starts a month before announcement with economic projections</li><li class="whitespace-normal break-words" index="2">Governing Council uses consensus app
<ul><li>Need to see residual inflation pressures disappear</li><li>Imperative that UK improves its current potential growth of 1.2-1.3%</li></ul><p>More to come</p><p>GBP/USD has slackened to 1.3250 after touching above 1.33 and the highs of t
<ul><li>Rates cut to 8.00% from 8.25%</li><li>Decision was unanimous</li><li>2025 CPI seen at 4.1% vs 4.4% prior</li><li>Kganyago says hold, 25 and 50 bps were on the table</li></ul><p>The global disinflationary wave is ongoing.
<p>Forex trading is a profitable business but at the same time,
it is not an easy business. As there are so many courses out there, it is
helpful to know what to consider in order to avoid wasting time, money and
<p>This is a tough stat to ignore from JPMorgan.</p><blockquote>“.. Over the past 40 years, the Fed has cut rates 12 times with the S&P 500 within 1% of an all-time highs.