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Bank of Japan monetary policy board member Naoki Tamura speaking soon

August 30, 2023

Heads up for the speech at 0130 GMT, which is 2130 US Eastern time: Bank of Japan board member Naoki Tamura delivers a speech After …

Central Banks

Standard Chartered cut their RBA terminal rate forecast by 25 basis points

August 29, 2023

Standard Chartered were forecasting a 25bp rate hike at the Reserve Bank of Australia’s September and November meetings but have dropped the September rate hike …

Central Banks

MUFG says risks for the EUR are skewed to the downside (including ECB pause in September)

August 29, 2023

This summary is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free …

Central Banks

ICYMI: RBA’s Bullock says Inflation is still too high, it’ll be her #1 priority as new gov

August 29, 2023

Reserve Bank of Australia Deputy Governor Michele Bullock spoke Tuesday afternoon/evening Australian time. Justin had her pertinent comments: RBA’s Bullock: Inflation is still too high, …

Central Banks

Announcement of Chinese mortgage rate cuts likely today

August 29, 2023

An announcement that China’s largest banks would cut interest rates on existing mortgages and deposits was expected on Tuesday but it didn’t come. It still …

Cryptocurrency

ICYMI – Bitcoin jump as Grayscale wins lawsuit against the SEC

August 29, 2023

The news on Tuesday US time that: A D.C. court ruled that the SEC improperly rejected the Bitcoin spot ETF. The court ordered the petition …

Central Banks

Australian monthly inflation data due soon – previews

August 29, 2023

I posted earlier on this ICYMI: The monthly CPI data from Australia does not show all components of the CPI, that’ll have to wait for …

Technical Analysis

USD moves to new lows. Yields trade near lows. Stocks near highs

August 29, 2023

US yields are moving to new lows. The snapshot shows: 2 year yield 4.81%, -12.8 basis points 5 year yield 4.264% -12.6 basis points 10 …

Technical Analysis

Technical look at major cross currency pairs: A look at the EURGBP, EURJPY and GBPJPY

August 29, 2023

In this video, I take a quick technical look at 3 major cross currency pairs: EURGBP EURJPY, and GBPJPY Those on pairs did have up-and-down …

Central Banks

The market is pricing in a soft landing with no further rate hikes

August 29, 2023

Today’s price action in markets embodies the perfect ending to the inflationary cycle. The slowdown in job openings and consumer confidence is correctly being viewed …

Technical Analysis

USDCAD can’t extend above yesterday’s high and falls to 100 hour MA support target

August 29, 2023

The USDCAD moved higher earlier in the day and in the process tested the high price from Friday near 1.3639. Those highs were short of …