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BOE’s Bailey: Inflation is falling and we expect it to fall further this year

September 21, 2023

That is welcome news Previous rate hikes are working but inflation is still not where it needs to be There is absolutely no room for …

Sentiment

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since May 04, 2023 when EUR/GBP traded near 0.88.

September 21, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading …

Central Banks

BOE leaves bank rate unchanged at 5.25% vs 5.50% expected

September 21, 2023

Prior 5.25% Bank rate vote 4-5 vs 8-1 expected (Bailey, Broadbent, Dhingra, Pill, Ramsden vote to hold) Underlying growth in the 2H 2023 is likely …

Technical Analysis

Dow Jones Technical Analysis – Watch out for the breakout

September 21, 2023

Yesterday, the Fed left interest rates unchanged at 5.25-5.50% as expected but revised its outlook on the more hawkish side. In fact, the Fed not …

Technical Analysis

Gold Technical Analysis – Watch out for the data

September 21, 2023

Gold continues to range as the uncertainty in the market remains at the highest level. In fact, we continue to see selloffs on good data …

Central Banks

SNB’s Jordan: Inflation battle is not over

September 21, 2023

Given “comfortable” level of Swiss inflation, the best solution is to wait and see Have to see what happens over the next 3 months Clear …

Technical Analysis

EURUSD Technical Analysis – Key levels in play

September 21, 2023

US: The Fed left interest rates unchanged as expected. The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and …

Central Banks

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

September 21, 2023

The name of the game is all about selling the narrative of higher rates for longer now. But when it comes to that, policymakers can …

Central Banks

ECB’s Kazaks: Rise in energy prices does create upside risk to inflation

September 21, 2023

Recent energy price rise is structural, not a short-term transitory rise Given current outlook, rate cut expectations around middle of 2024 are too early Rates …

Central Banks

SNB leaves policy rate unchanged at 1.75% vs 2.00% expected

September 21, 2023

Prior 1.75% Significant tightening of policy in recent quarters is countering remaining inflationary pressure It cannot be ruled out that further tightening may become necessary …

Technical Analysis

S&P 500 Technical Analysis – The bears are in control

September 21, 2023

Yesterday, the Fed left interest rates unchanged at 5.25-5.50% as expected but revised its outlook on the more hawkish side. In fact, the Fed not …