This data has consistently for sometime now beaten forecast. Quite intriguing that forecast has always been low, more like a trigger for movement

High points for economic data scheduled for July 31 week

Not supporting stupidity, but Govt has not shown better example. The Debt Celling has become a joke that is not representing what is meant to be. Rather than it being a Ceiling, it is viewed and treated like a VEIL that is removed and replaced.

Personal Income and Outlays, June 2023

That is why we have them as BULLS & BEARS Seeing things from different angles, but describing same situation.

US Federal Reserve likely to lift interest rates to 22-year high

The truth of the matter is that there is increase M/M What we have is the forecast was a bit high, so created a negative result. The good part is that this is a setup for reversal trades for those that could not join the rally party. CPI M/M is 0.2, ...

Consumer Price Index - June 2023

Core forecast was 0.3 in May and it printed 0.4 while in March we had 0.5 against a forecast of 0.4 Not saying that we could have a deviation, just that last 4/5 most months have not been as forecasted

Labour market overview, UK: June 2023

The stage look set for a dollar bounce because making expectations to be 4.1 from 4.9 is drastic, so if it comes out as 4.3/4.5 and any of the monthly shows a green, then a big bounce will follow. Then seeing a rally against USD prior to ...

Labour market overview, UK: June 2023

A ceiling doesn't exist, what you have is a veil. A ceiling is more of a solid barrier if not fixed, while veil is what you can remove at will just to admire the face behind the veil.

Yellen: Default as soon as June 1, 'a hard deadline;' 'haven't changed my assessment'

Long USD from where Since Sept 2022, EURUSD has gain 1500 pips, GBP about 2,300 CHF close to 1,000 Long or Short, there is no one size fits all

Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet

No man has ever gotten pregnant, the others that deceive themselves still keep all the internal organs of a woman; fallopian tubes, womb, uterus, ovaries etc. The day a lion gets pregnant without human intervention, then your call of changing it ...

Americans Spend Record $35.7B For Mother's Day

Beside YoY that went that, overall rate MoM is still up. Then the estimates has something to do with the reaction, if the estimates have been lower, then result would have been USD positive. No pair had big moves, so there will be reversals most ...

Consumer Price Index - April 2023

The ceiling is unnecessary, lifted at will. Should it be called a ceiling? absolutely No. Just change it to DEBT VEIL, removable at will just to admire what is behind the veil

Yellen: Treasury Will Likely Be Unable to Meet All U.S. Government Payment Obligation by Early...

They stylishly avoided a recession technically. Seems like the adjusted the downturn on last quarter figure so as to avoid 2 q/q negative figure that could be termed as recession. Even US had it last year and said with bone face that they were not ...

Gross domestic product stagnant in 1st quarter of 2023

The response rather reality was based on low forecast for almost all the data. A Forecast of 10.3 would have shown as red, but because forecast was 9.8, the actual of 10.1 suddenly look tradeable In reality most of the figures lowered against the ...

Consumer price inflation, UK: March 2023

The most fearless CB out there

Official Cash Rate increased to 5.25 percent

The former ceiling is about to be breached, so it is raised until the next time when the threat rear its head (ceiling) No repayment plan, no interest payment, yet developing countries Service debts with a huge % of their income. The world economy ...

Powell: Congress needs to raise the debt ceiling

News reaction is tricky and unpredictable.

Labour Force, Australia, January 2023

Average hourly earnings for previous month was revised down to 0.4% from 0.6%, then this month also missed target of 0.4% The employment seems marginally, then you also need to factor in that all USD pair have almost done approx 200pips in the ...

The Employment Situation -- December 2022

If 2 voted to hold the rate, they surely will not vote for further increase. So next time it might be 5-1-3 for next 0.5% or even a 0.25%

Monetary Policy Summary, December 2022

Today is not a single day, it is a continuation, before CPI in Nov 2022, EUR/USD touched 0.9932 and GBP/USD started the at 1.3335 That is 700 pips for EUR and 1,000 pips for GBP

Consumer Price Index - November 2022

Just like you were so sure it was transitory several months ago, now your crystal ball is gazing into 2023 December with super clarity. You always have the platform, say whatever comes to your mind

US Inflation Will Be Much Lower by End of 2023, Yellen Says