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It’s a big day coming up in China – economic data and the monthly rate setting (MLF)

September 15, 2023

The backdrop to the data due today and the monthly Medium-term Lending Facility (MLF) rates setting are the twin moves from the People’s Bank of …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2849 – Reuters estimate

September 15, 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

Goldman Sachs on the ECB interest rate hike, rates will be unchanged for next 12 months

September 14, 2023

Goldman Sachs says that despite showing the EU economy is stagnating the rate inflation is “too high for comfort”, which supports the case for the …

Central Banks

UBS on the European Central Bank rate hike – focused on the wrong thing

September 14, 2023

UBS say that the rate hike from the ECB is likely to be its last for the cycle. UBS analysts are not impressed with the …

Central Banks

Citi is forecasting a Federal Open Market Committee (FOMC) interest rate hike in November

September 14, 2023

Info comes via Reuters. Citigroup is with the consensus forecasting no Fed Funds change at the September FOMC meeting, but to raise the rate in …

Central Banks

China’s PBOC have been busy: Cut its RRR, ‘asked’ banks not to buy dollars. Panicking?

September 14, 2023

They’ve been busy little bees at the People’s Bank of China. Justin had the news on two moves from the Bank: PBOC cuts RRR by …

Technical Analysis

Euro breaks the May low as the post-ECB selling continues

September 14, 2023

The ‘sell the fact’ mode continues in the euro. The surprise rate hike was priced in after the leak on Monday and now the sellers …

Technical Analysis

USDCAD trades to new session lows

September 14, 2023

The USDCAD is trading to a new session alone in the process is testing a swing area between 1.3494 and 1.35039. Below that is the …

Technical Analysis

EURUSD breaks lower. Looks toward the next target at 1.0635

September 14, 2023

The EURUSD is training to a new session low and in the process is moving away from the swing area between 1.06583 and 1.06669. The …

Sentiment

EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Sep 05 when EUR/CHF traded near 0.95.

September 14, 2023

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

Central Banks

Atlanta Fed GDPNow estimate for 3Q growth falls to 4.9%

September 14, 2023

The Atlanta Fed estimate for 3Q growth fell to 4.9%. The last estimate on September 8 came in at 5.6%. In their own words: The …