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ECB’s Nagel: It is too early to talk about rate cuts

November 23, 2023

Rates must stay high to bring inflation back to target Still cannot be sure if we have reached a peak in rates The goal is …

Technical Analysis

GBPUSD Technical Analysis – Watch what happens around this key level

November 23, 2023

USD The Fed left interest rates unchanged as expected with basically no change to the statement. Fed Chair Powell stressed once again that they are …

Central Banks

Inflation cools as central banks shift focus to rate cuts

November 23, 2023

From a JP Morgan Private Bank note from Wednesday, a couple of snippets, in summary, on inflation and the Federal Reserve. One of the biggest …

Central Banks

Heads up for Japanese inflation data due Friday. Will be way above target, again.

November 23, 2023

Japanese national inflation data for October will be published on Friday, 24 November at 2330 GMT, which is Thursday, 23 November at 1830 US Eastern …

Central Banks

RBA Governor Bullock discusses inflation challenges and monetary policy response

November 23, 2023

Reserve Bank of Australia Governor Bullock spoke Wednesday evening Australian time: RBA Governor Bullock: Inflation is broad-based, trimmed mean remains too high National Australia Bank …

Central Banks

European Central Bank speakers Thursday include Schnabel – policy hints?

November 23, 2023

Schnabel is usually well worth listening to for her views on the economy and policy. 0900 GMT / 0400 US Eastern time: European Central Bank …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.1212 (vs. estimate at 7.1512)

November 23, 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

PBOC is expected to set the USD/CNY reference rate at 7.1512 – Reuters estimate

November 23, 2023

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …

Central Banks

UBS predicts earlier than expected rate cuts as traders ignore central bankers

November 23, 2023

UBS remarks on the Federal Open Market Committee (FOMC) minutes. UBS assess that rate cuts will have to come sooner than the Fed is telling us. …

Cryptocurrency

Crypto industry has spent US$20mn on lobbying so far in 2023: Coindesk Report

November 22, 2023

Coindesk reports that the crypto industry has spent US$20 million on crypto lobbying in 2023 so far. Compared with US$22 million last year and a total …

Technical Analysis

NASDAQ index breaches 2023 high close level but backs off, S&P nears all-time close record

November 22, 2023

The NASDAQ index reached a high of 14539.61 today. That price extended above the high closing level for the index in 2023. That high close …