GBP/USD, USD/CAD, USD/JPY, Gold, Silver, Oil Weekly Technical Outlook: 9/30/2024

GBP/USD, USD/CAD, USD/JPY, Gold, Silver, Oil Weekly Technical Outlook: 9/30/2024

From youtube.com/forexcom

Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly / monthly open.

- Older Stories
Powell says more interest rate cuts are ahead, but Fed is not in a hurry
From axios.com|Sep 30, 2024
Federal Reserve chair Jerome Powell said on Monday that interest rates may fall to a level that neither restricts nor boosts the economy, though officials are not in a rush to cut ...
US ports brace for shut down as dockworkers strike
From bbc.com|Sep 30, 2024
A dockworkers' strike is set to shut down ports across much of the US indefinitely, threatening significant trade and economic disruption ahead of the presidential election and ...
Powell: Fed will absolutely take into account important data that arrives during the blackout period
From @PiQSuite|Sep 30, 2024|9 comments
post: POWELL: **FRAMEWORK REVIEW WILL BEGIN LATE THIS YEAR, LAYING OUT QUESTIONS TO BE ASKED **FED WILL ABSOLUTELY TAKE INTO ACCOUNT IMPORTANT DATA THAT ARRIVES DURING THE BLACKOUT PERIOD post: FED'S POWELL: BEGINNING TO SEE HOUSING SERVICES INFLATION FLATTEN OUT, BUT AT A SLUGGISH PACE || SAYS AS LONG AS INFLATION IN NEW LEASES IS LOW IT WILL EVENTUALLY SHOW UP IN HEADLINE INFLATION post: POWELL: **HAVE TO TAKE ACCOUNT OF POLICY LAGS IN RATE DECISIONS **FED IS CHANGING POLICY TO MAINTAIN STRENGTH IN THE ECONOMY, NOT BECAUSE OF WEAKNESS post: POWELL: FED DID THE RIGHT THING BY HOLDING RATES HIGH AS LONG AS IT DID, WANTED TO BE CONFIDENT INFLATION WOULD FALL post: FED'S POWELL: THE HALF-POINT CUT IN SEPTEMBER WAS A REFLECTION OF CONFIDENCE IN INFLATION'S RETURN TO 2%

- Newer Stories
Fed’s Goolsbee Says Prolonged Ports Strike Poses Supply Risks
From bnnbloomberg.ca|Sep 30, 2024
Federal Reserve Bank of Chicago President Austan Goolsbee said he’d be concerned if a dockworkers strike — which is expected to start Tuesday — drags on as it may impact supply ...
China extracts commercially viable natural gas from deeper shale formations
From eia.gov|Sep 30, 2024
China is a major natural gas importer by pipeline and the world’s largest importer of liquefied natural gas (LNG). In the last 10 years, the Chinese government has actively ...
US July ethanol output highest ever: EIA
From argusmedia.com|Sep 30, 2024
US production of fuel ethanol in July set a monthly record at 1.09mn b/d as producers were incentivized by low feedstock prices amid robust demand. July output was up by 5.1pc ...

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