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• Republican Pres. nominee Trump picks JD Vance as his VP running mate
  The former Pres. Trump, has nominated JD Vnce as his VP running mate. This is according to the NYTimes and Trumps Social Media post:Vance is a Senator from Ohio. He is 39 year oldVance was once a critic of the former Pres. where he called him "cultural heroin" and "noxious". He also liked a tweet […]
• Crude oil futures settle at $81.91
  The price of crude oil futures is settling at $81.91. That is down $-0.30 or -0.36%. The high price reached $82.58. The low price was at $81.47.Technically looking at the daily chart the price remains below a topside trendline near $84.75. On the downside, the rising 100-day moving average is at $80.54 and remains a […]
• USDJPY sellers push below double bottom and retracement level today, but break fails
  The USDJPY fumbled up and down in most of the US session, but a crack lower was strong enough to fall below the double-bottom and 61.8% of the move up from the June low near 157.364. The low-price extended down to 157.15 which was the same low going back to June 17 when the price […]
• S&P index moves back below record closing level
  Stocks have rotated lower and trade to new lows for the day. The S&P index has now moved back below its prior record closing level at 5633.92. The low price just reached 5626.62, and is trying to bounce back higher. The price trades above and below the 5633.92 level over the last few minutes of […]
• Odds on Glenn Youngkin get a last-second bump as Trump's VP pick. It won't be Rubio
  I appreciate a political establishment that's able to keep a secret just 2.5 hours before the decision is set to be announced.The odds of J.D. Vance winning jumped last week and that continued today after a motorcade picked him up. However the latest shift is a jump in the odds for Virginia Governor Glenn Youngkin, […]
• NZDUSD trades in a neutral area. Traders await for a break. CPI this week.
  The NZDUSD is trading in a neutral technical area defined by a series of moving averages.On the topside:100-bar MA on the 4-hour chart at 0.61025200-bar MA on the 4-hour chart at 0.6124On the downside:200-day MA at 0.6078100-day MA at 0.6064The current price sits between those levels at 0.60877 between those levels. Neither bull or bear […]
• More from Powell: We don't want to be too risk averse
  It's very hard to know what the economy is going to doI have always felt there was a pathway to getting inflation back to 2% without the kind of pain that has been typicalA hard landing scenario isn't a likely scenarioI am very happy doing this jobWill stay in office until May of 2026When the […]
• Fed's Powell: Economy performed really well over the last couple of years
  Fed Powell is talking at the Economic Club of Washington:Economy performed really well over the last couple of yearsThis year expected economy to slow and inflation to continue to make progress. Something like that is happeninglabor market no tighter than before the pandemic2Q of inflation does represent progress with three better readingsNow that inflation is […]
• Feds Powell to speak at the Economic Club of Washington. Watch here.
  CLICK HERE to watch LIVE: https://www.youtube.com/live/Rqte26XMfr0 This article was written by Greg Michalowski at www.forexlive.com.
• Reuters: Trump to announce VP at 4:30 PM ET
  As Adam pointed out in his earlier post, the race is now focused on three:JD Vance (Ohio)Doug Burgum (South Dekota)Marco Rubio (Florida). Reports indicate that Vance was picked up by a motorcade, so that's helped to boost his odds on PredictIt to 65%. This article was written by Greg Michalowski at www.forexlive.com.