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Newsquawk Week Ahead: highlights include US PCE, ISM; OPEC; EZ inflation

November 25, 2023

TUE: EZ M3 (Oct), US Richmond Fed (Nov). WED: RBNZ Policy Announcement; German Prelim. CPI (Nov), UK Mortgage Approvals/Lending (Oct), EZ Economic Sentiment (Nov), US …

Forecasts

Euro (EUR) Forecast: EUR/USD and EUR/GBP Week Ahead Outlooks

November 25, 2023

A mixed week for Euro-pairs as EUR/USD continues to consolidate recent gains while EUR/GBP struggles against a resurgent British Pound Source

Forecasts

British Pound (GBP) Weekly Forecast: Data and Monetary Support Align, Doubts Remain

November 24, 2023

Sterling has been the beneficiary of quite a rethink as the UK’s economic numbers have improved. A pause for thought is now likely. Source

Technical Analysis

US 10-year yield surges, USD falters amid technical frenzy

November 24, 2023

As the US 10-year yield moves higher, the USD is moving lower. That is not the normal relationship, but it is today. Technicals seem to …

Cryptocurrency

Bitcoin trades to the highest level since May 2022

November 24, 2023

The price of bitcoin has extended to the highest level since May 2022. The high price has reached $38408 Bitcoin moves above and away from …

Technical Analysis

USD moves lower despite rise in yields

November 24, 2023

The USD is moving to new session lows vs all the major currencies with the exception of the JPY. The declines come despite rise in …

Central Banks

ECBs de Guindos: Euro area economy is stagnating in 2nd half of 2023

November 24, 2023

Euro area economy is stagnating in 2nd half of 2023 Q4 GDP will likely be similar to Q3 Risks tilted to the downside Current level …

Central Banks

ECB’s Lagarde: We have already done a lot on rates, can now observe

November 24, 2023

The battle against inflation is not over We are not declaring victory yet We are seeing progress on inflation It’s just some token remarks overall, …

Central Banks

ECB’s Holzmann: The chances of another rate hike is no smaller than that of rate cuts

November 24, 2023

We still have high inflation pressures There are differing expectations within the ECB in terms of what can yet happen That is influenced to a …

Central Banks

BOE’s Pill: We cannot afford to ease off tight monetary policy

November 24, 2023

UK monetary policy was in a difficult phase amid “stubbornly high” price pressures Had to resist temptation to declare victory on inflation battle as October …

Central Banks

ECB President Christine Lagarde and Vice President Luis de Guindos among speakers Friday

November 24, 2023

Both the European Central Bank President and Vice President are speaking Friday: 1000 GMT / 0500 US Eastern time: Participation by ECB President Christine Lagarde in …