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WTI Crude Oil Technical Analysis – Another drop in sight?

August 23, 2023

The summer rally in Crude Oil seems to be coming to an end as the sentiment turns sour due to the weakening global economy and …

Technical Analysis

USDCHF Technical Analysis – Watch this key resistance area

August 23, 2023

US: The Fed hiked by 25 bps as expected and kept everything unchanged. Fed Chair Powell reaffirmed their data dependency and kept all the options …

Central Banks

JP Morgan concerned about sticky inflation, “Central banks could stay higher for longer”

August 23, 2023

A note from JP MOrgan with the transmission channel from stick inflation to higher for longer rates and thus a lid on the equity market. …

Market Outlook

Asia Day Ahead: Elevated Yields, Weaker Wall Street Handover Keeps Wait-and-See in Place

August 23, 2023

Despite a resilient start to the week, Wall Street did not manage to find much follow-through overnight, as elevated Treasury yields and the lack of …

Central Banks

There are rumours that some Chinese banks are freezing some savings accounts – PBOC denies

August 23, 2023

The People’s Bank of China has denied reports that some banks are permanently freezing some savings accounts. Says these rumours are not true. – Sheesh, …

Technical Analysis

Bank of America S&P500 technical analysis, 4325 and 4200 as the next two major levels

August 23, 2023

A snippet commentary from Bank of America technical analyst in the benchmark US S&P500 index: “The SPX broke first support at 4450 and closed below …

Central Banks

Fund manager says Fed Chair Powell will err on the side of hawkishness at Jackson Hole

August 23, 2023

Analysts at US-based fund manager Invesco with their outlook for Federal Reserve Chair Powell speaking at Jackson hold on Friday, August 25 (he speaks from …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.1988 (vs. estimate at 7.3050)

August 23, 2023

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 trade …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.3050 – Reuters estimate

August 23, 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 …