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USDJPY Technical Analysis

June 20, 2023

The Fed has decided to pause at its latest policy meeting keeping rates at 5.00-5.25% range. They explained that in doing so they can see …

Technical Analysis

The JPY is the strongest and the AUD is the weakest as the North American session begins

June 20, 2023

The JPY is the strongest and the AUD is the weakest as the NA session begins. The RBA announced meeting minutes and the traders marked …

Central Banks

ECB’s Vujčić: Core inflation pressures remain in the euro area

June 20, 2023

Sometimes a soft landing is not possible Have to consider risks of doing too much versus doing too little By his words, they are taking …

Technical Analysis

USDCAD Technical Analysis – Key Level in Focus

June 20, 2023

The Fed last week paused its tightening cycle leaving interest rates at 5.00-5.25%. The FOMC wants to see more economic data before deciding on another …

Technical Analysis

GBPUSD Technical Analysis – Policy Divergence

June 20, 2023

The Fed has eventually paused its tightening cycle at 5.00-5.25% because it wants to see more economic data before deciding on another hike as they …

Market Outlook - European Market

Gold Price Treads Water as US Dollar Steadies and GBP Rolls Over Ahead of BoE

June 20, 2023

The gold price slipped today as Treasury yields rose to augment the US Dollar and ahead of Fed Chair Powel’s testimony tomorrow while the BoE …

Central Banks

RBA Dep Gov Bullock says higher rates are the only tool the RBA has to curb inflation

June 20, 2023

Reserve Bank of Australia Deputy Governor Bullock speaking, indicating there are further rate hikes to come from the Bank. The comment on ‘need to slow …

Central Banks

Plenty of Federal Reserve speakers ahead – Bullard, Barr, Williams

June 20, 2023

A heads up to for potential economic outlook/policy comments from these that could shift markets. Bullard and Williams are never shy of expressing opinions. 1030 …

Central Banks

RBA Dep Gov Bullock says employment and economy need to grow below trend for a while

June 20, 2023

Reserve Bank of Australia Deputy Governor Michele Bullock speech Summary Headlines via Reuters: Employment, economy need to grow below trend for a while Economy would …

Central Banks

Reserve Bank of Australia Deputy Governor Michele Bullock speech – live link

June 20, 2023

Reserve Bank of Australia Deputy Governor Michele Bullock speech begins at: 0315 GMT/ 2315 US Eastern time/ 1.15pm Sydney time I’ll have the headlines, but …

Central Banks

Bank of England’s Hall speaks on Tuesday, 20 June 2023 – not on monetary policy

June 20, 2023

Noting this even though it does not appear we’ll get remarks on monetary policy. The Bank looks set for further hikes regardless though. 1500 GMT/1000 …