GBPUSD break the 200 hour moving average and moves toward a cluster of technical targets

The USD/JPY pair extends the previous day’s late pullback from the vicinity of mid-162.00s and attracts some follow-through sellers during the Asian session on Tuesday. Spot prices drop to the 161.70-161.65 region in the last hour, though the downside remains cushioned in the absence of any intervention by Japanese authorities and a supportive fundamental backdrop….

We thank seminar and conference participants at Chicago IO+, Yale, Penn, Princeton, Toronto, UT-Austin, KU Leuven, UNC, Wisconsin, Stanford, Northwestern, Pontificia Universidad Católica de Chile, Universidad de Chile, UC Berkeley, UCLA, UCSC, UBC, NBER IO, IIOC, and the FTC Micro Conference for comments. This paper would not be possible without Hugh McCartney’s contribution in sourcing…

CPI MoM -04% versus -0.2% estimate. Prior month +1.0% CPI YoY 2.8% versus 2.9% estimate. Prior month 3.2% CPI BOC COre YoY 2.1% versus 2.2% last month CPI BoC Core MoM 0.1% versus 0.6% last month CPI MOM SA -0.1% vs. 05% last month Core CPI MoM SA 0.2% versus 0.2% last month CPI median…

After an epic climb down in June, is it time to go back the other way? WTI crude is now up 14% in July and looks poised once again to move back above $80 as US-Iran tensions flare up again. Just as it would seem there is a little bit of hope, US president Trump…

US strategic oil reserves have fallen to the lowest level since 1983. If the recent pace of drawdowns continues unchanged, the reserve would hit its “emergency floor” in about two to three months. The pace of drawdowns may be expected to slow, but it does indicate the unusual situation. How did this happen and what…

I spent the spring this year working nearly every day at a local garden center, where I got paid $17 per hour, or slightly over Massachusetts’ $15 minimum wage. I didn’t make much, but it’s one of the best jobs I’ve ever had. When I applied, I was running out of funds. I’d been laid…