Loss Aversion Bias

Fed Powell concludes his testimony in front of the Senate Banking Committee

• A chance for a 50 basis point hike increases

FOMC meeting minutes at the top of the hour

• A quick look at the markets

The NZD is the strongest and the AUD is the weakest as the NA session begins

• The USD is mixed to start the North American session

Major US stock indices open with the declines after stronger retail sales

• US rates move higher

US stocks move higher. Yields lower as Powell interview kicks off. USD lower.

• The Nasdaq up over 1%

US yields move lower and it pushes stocks higher

• S&P is above the 4100 level

US stocks open higher reversing premarket losses held by better US employment cost data.

• Last day of the calendar month

US stocks open higher

• US yields tumbling after weaker data

Stocks pick up some steam. Major indices back near highs

• Yields still higher on the day

China bought another 30 tonnes of gold in December 2022, following 32 tonnes in November

S&P index approaches, but closes below 200 hour MA. Monday will be a key day ahead of CPI

• 15 points from the 200 hour MA

Major European indices close with solid gains

• German DAX has it Seamus day since November 10. France's CAC best day since November 4

The EURUSD stretches to the low for the week target. Finds some modest buying.

• The range for the week has been reached

Forexlive Americas FX news wrap: Home builder sentiment worsens. USD choppy on flows

• Forex news for North American trading on Dec 19, 2022

Major stock indices take it on the chin today. Weaker than expected data/hawkish Fed hurt.

• Bad news is bad news