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RBNZ meet next week, expected to hold the cash rate steady despite high & sticky inflation

November 24, 2023

The Reserve Bank of New Zealand meet next week, Wednesday November 29 with the announcement due at 2pm local time 0100 GMT 2000 US Eastern …

Central Banks

Wall Street Journal on new, more hawkish, Reserve Bank of Australia Governor Bullock

November 24, 2023

A piece in the Wall Street Journal argues that new Reserve Bank of Australia Governor Bullock is more hawkish than previous Governor Lowe. I agree. …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1151 (vs. estimate at 7.1440)

November 24, 2023

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to …

Central Banks

Japanese inflation remains above the BOJ’s target, sparking speculation of a policy change

November 24, 2023

Earlier in the session we had the latest Japanese inflation data, for October: Japan October inflation data remains well above the BOJ’s 2% target In …

Central Banks

Japan October inflation data remains well above the BOJ’s 2% target

November 23, 2023

Inflation data from Japan for October 2023 Japan headline CPI: 3.3% y/y expected 3.4%, prior 3.0% CPI excluding fresh food 2.9% y/y expected 3.0%, prior …

Technical Analysis

AUDUSD bounces off old ceiling (now a floor) support and rallies today. What next?

November 23, 2023

The AUDUSD fell yesterday but bounced off a key floor support near 0.6522. The move higher today has come off highs but is so far …

Technical Analysis

USDCAD trades to new session highs but runs into the falling 100 hour MA

November 23, 2023

The USDCAD moved lower earlier in the day, but has seen a run back to the upside. The pair is now testing the falling 100 …

Technical Analysis

Kickstart your FX trading for Nov 23 w/ a technical look at the EURUSD, USDJPY and GBPUSD

November 23, 2023

It is Thanksgiving Day in the US, but that does not stop the forex market from trading. Having said that, the price action is likely …

Technical Analysis

OPEC+ confirms the next meeting will be on November 30

November 23, 2023

The OPEC+ will indeed take place on November 30 – postponed from November 26th. Despite the announced meeting, the sellers remain in control. Oil prices …