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Newsquawk week ahead: Highlights include RBA, BoC, US ISM services PMI and China trade

September 2, 2023

Week Ahead 4th-8th September Mon: US & Canadian Labour Day; German Trade (Jul), Swiss GDP (Q2), EZ Sentix (Sep) Tue: RBA Policy Announcement; Final Composite …

Forecasts

Euro Forecast: EUR/USD at 7-Week Loss as EUR/JPY Shows Signs of Reversing

September 2, 2023

The Euro confirmed a 7-week losing streak against the US Dollar after closing under the 100-day Moving Average. With EUR/JPY breaking lower, things are not …

Forecasts

US Dollar Forecast: DXY Poised to Extend Rally Despite Suggestions the Fed May be Done

September 2, 2023

The Dollar Index (DXY) roared back to life to end the week on a high. Softening labor market data suggests the Fed may be done …

Forecasts

Japanese Yen Forecast: USD/JPY Consolidates, GBP/JPY at Decision Point

September 2, 2023

The yen remains vulnerable as BoJ and Government officials dismiss policy changes and FX intervention threats. US and UK rates, yields near peaks but carry …

Forecasts

Australian Dollar Forecast: Range Trade Intact for Now for AUD/USD and AUD/JPY

September 1, 2023

The Australian Dollar held firm against crosswinds that are bruising sentiment and against a US Dollar that is looking for its own identity as uncertainty …

Central Banks

The dot plot comes into focus as the market prices out a September Fed hike

September 1, 2023

The September dot plot is always the most-interesting one of the year because it’s the closest thing to forward guidance that the FOMC offers. Officials …

Cryptocurrency

Bitcoin stumbles 2%, nears the August lows. What’s next

September 1, 2023

It’s been a volatile week for bitcoin and it’s ending on a poor note. Bitcoin is down $570 or 2.2$ to $25,445. That’s just above …

Central Banks

Fed’s Mester: Inflation still too high, but sees progress

September 1, 2023

Federal Reserve Bank of Cleveland President Loretta Mester gives closing remarks onsite before hybrid Inflation: Drivers and Dynamics Conference 2023 in Frankfurt, Germany. She’s well-traveled …

Technical Analysis

NZDUSD Technical Analysis – Watch this key resistance

September 1, 2023

US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Inflation expectations and CPI readings continue to show …

Central Banks

BOE’s Pill: We have not seen a downturn in core inflation which would reassure us

September 1, 2023

Need to be particularly wary about letting an inflation persistence dynamic set in The BOE still needs to hike rates again, so the headline remark …

Central Banks

ECB’s Vujčić: We won’t know in Sept, October or even November where the terminal rate is

September 1, 2023

Economic activity is slowing faster than we forecast Softening of economy may help bring down inflation faster But labour market resilience still an upside risk …