ForexLive Americas FX news wrap: Dollar stays strong, US equities finish with a fourish 0 (0)

US December core PCE 4.9% vs 4.8% expected
Dallas Fed trimmed mean PCE price index 3.9% annualized versus 4.4% last month
Initial Atlanta Fed GDP tracker for Q1 points to nil growth
NZDUSD down for the 7th consecutive day
Fed’s Kashkari: Long end of the yield curve is signaling

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And just like that, the 3 major indices close higher on the week 0 (0)

The 3 major indices (Dow, S&P and Nasdaq) rode a wave of buying higher on the day, closed at the highs and just like that, erased the declines for the week. 

The Dow, S&P and Nasdaq each had best day of the new year
Dow and S&P posted their first weekly gain in four weeks
NASDAQ posts i

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Dip buyers can’t get the EURUSD much off the lows. Sellers remain in control into the close. 0 (0)

EURUSD keeps the seller in firm control

The EURUSD is looking to go into the weekend with the bearish bias intact. 
Looking at the four hour chart above, the pair fell below the low from 2021 (from November) during yesterday’s trade at 1.11853. The corrective move off of the low today a

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