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Japan finance minister Suzuki has no comment on the weak yen

October 31, 2023

And we all know that ‘no comment’ from Suzuki means there will be plenty of comments incoming. no comment regarding weak JPY following the Bank …

Central Banks

China says it will set up a system to resolve its local government debt risks

October 31, 2023

This info comes via Chinese Communist Party television (China Central Television), reported by Bloomberg (gated). In brief: China said it will set up a system …

Central Banks

JP Morgan says full impact of Federal Reserve rate hikes still to hit

October 31, 2023

The Federal Open Market Committee (FOMC) statement is due Wednesday (at 1800 GMT, 1400 US Eastern time). Ahead of that, remarks from JPMorgan chief global …

Central Banks

RBNZ Financial Stability report flags dairy prices, labour market as risks

October 31, 2023

Reserve Bank of New Zealand Financial Stability Report is barely moving NZD/USD: Households and businesses continue to face higher debt servicing costs Key risk to …

Technical Analysis

NZDUSD below MA support. What next?

October 31, 2023

Like many pairs today, the NZDUSD has seen up-and-down price action. For it, the pair fell in the Asian session, helped by weaker China data. …

Central Banks

ECB’s Nagel: Rates must be sufficiently high for sufficiently long

October 31, 2023

Inflation has now fallen significantly but it is still too high We must not let up too soon, rates must be sufficiently high for long …

Technical Analysis

Dollar continues its run higher.

October 31, 2023

The USD continues its run to the upside in the US session and is now the strongest of the major currencies. At the start of …

Technical Analysis

AUDUSD sellers push the price below the 100/200H MA. Ups and downs continue for the pair

October 31, 2023

The AUDUSD moved higher yesterday, and in the process tested a downward-sloping trendline on the hourly chart connecting the high from October 11 and the …

Technical Analysis

USDCHF takes its clues from support holding at the 200 day MA. Surges to the upside.

October 31, 2023

The USDCHF takes its clues from support holding at the 200-day MA. The price of the USDCHF, has surged to the upside away from that …

Technical Analysis

USDCAD runs higher and approaches the high from last week

October 31, 2023

The USDCAD reached above the high of a swing area on Friday to trade and the topside trendline on the daily chart near 1.3861 area. …

Central Banks

ECB’s Villeroy: The latest data shows France has clearly passed inflation peak

October 31, 2023

Economy fully justifies end of rate hikes and future must be guided towards patience It’s wait-and-see from Villeroy. Today’s eurozone inflation data was at 2.9% …