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Germany 40 IG Client Sentiment: Our data shows traders are now net-long Germany 40 for the first time since Sep 14, 2023 11:00 GMT when Germany 40 traded near 15,860.10.

September 22, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian …

Central Banks

Hedge fund manager Ackman expects even higher long term US rates

September 22, 2023

Bill Ackman is the founder and CEO of Pershing Square Capital Management. He’s posted a long tweet: Some points he makes: The world is a …

Central Banks

Next on the day’s agenda from the Bank of Japan is Governor Ueda’s press conference

September 22, 2023

The Bank of Japan kept its main policy levers unchanged short-term rates minus 0.1% 10-year Japanese government bond (JGB) yields to move around 0% retained …

Central Banks

Yuan is higher after some Chinese banks sold USD/CNY

September 22, 2023

USD/yuan has been given a gentle shove a bit lower by some dollar selling. the move is not large but has taken the edge off …

Central Banks

BoJ makes no change to its major policy planks, no change to forward guidance

September 22, 2023

Bank of Japan September 2023 Statement more to come BOJ maintains negative interest rate policy, applies -0.1% rate to financial institutions’ accounts at central bank …

Central Banks

Japan finance minister Suzuki says no comment on FX levels or moves

September 22, 2023

And, here we go, Suzuki comments on FX: No comment on recent fx levels, moves Last year’s fx intervention had its effect Closely watching fx …

Market Outlook

Asia Day Ahead: Risk-off Sentiment in place, BoJ Meeting on the Radar

September 22, 2023

Major US indices are finding themselves at a critical juncture, with the S&P 500 and the Nasdaq 100 back to retest their respective key support …

Central Banks

USD is a touch stronger against the yen, EUR, GBP heading into the Bank of Japan statement

September 22, 2023

Yields on US Treasuries are staying solid. Earlier on the 10-year hit 4.5% and its highest since 2007. The stronger USD is not uniform. AUD, …

Central Banks

BOJ meeting today will pave the way for a move in October and more in early 2024

September 22, 2023

Previews of the September Bank of Japan Monetary Policy Statement due today can be found here: Bank of Japan statement due today – previews – …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1729 (vs. estimate at 7.3009)

September 22, 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 7.3009 – Reuters modelled estimate

September 22, 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 …