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Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Jul 27, 2023 when Oil – US Crude traded near 79.61.

August 22, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.3097 – Reuters estimate

August 22, 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

JP Morgan’s AI model Quant Sentiment on Federal Reserve monetary policy at multi-year low

August 22, 2023

In summary from J.P. Morgan’s proprietary AI quant model latest: Corporate sentiment is weak overall given financial conditions, aggregate sentiment QSI score for the S&P …

Central Banks

NZ analysts say RBNZ Interest rates will remain high for now, rate cuts start next year

August 21, 2023

Via a note from analysts at KiwiBank, their outlook for the Reserve Bank of New Zealand. In (very) brief summary from the note: The RBNZ …

Central Banks

China cut only one Loan Prime Rate, and less than expected – here’s why

August 21, 2023

This snippet from UBS on yesterday’s disappointment from the People’s Bank of China: China cut its one year loan prime rate, but less than markets …

Central Banks

TD preview Federal Reserve Chair Powell’s Jackson Hole speech – higher for longer

August 21, 2023

Federal Open Market Committee (FOMC) Chair Powell is speaking this week at the Kansas Fed’s Jackson Hole symposium. Note for diary & preview – Powell …

Cryptocurrency

Crypto exchange Coinbase has taken an equity stake in stablecoin company Circle

August 21, 2023

Coinbase says the move will increases its support for Circle and issuance of stablecoins. Circle says that USDC will be launching on 6 new blockchains …

Central Banks

ICYMI – Japan’s Ministry of Finance to raise its assumed long-term interest rate to 1.5%

August 21, 2023

The news hit during the Japanese afternoon on Monday, Justin had it posted: Japan MOF raises assumed long-term interest rate for the coming fiscal year …

Technical Analysis

AUDUSD heads into the US close with the price testing a key hourly MA

August 21, 2023

The AUDUSD has seen up-and-down price action in trading today. The earlier session high stalled against its 100-hour moving average. Sellers leaned against the moving …

Sentiment

Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Jun 28, 2023 when Wall Street traded near 33,933.80.

August 21, 2023

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

Technical Analysis

S&P index trades above and below unchanged today

August 21, 2023

The S&P index is trading back in positive territory after giving up earlier gains of 25.88 points and moving into negative territory by -9.42 points. …