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Bullish USD/CNH: High-Flying US Yields, Worsening Chinese Data

August 15, 2023

USD receives support from rising US treasury yields while Chinese fundamental data continues to slide. Potential for benchmark rates cuts next week (LPR) Source

Central Banks

Atlanta Fed GDPNow sees 3Q growth at 5.0% up from 4.1% last.

August 15, 2023

The Atlanta Fed GDPNow model is now pointing toward growth of a 5.0% for 3Q. That is up from 4.1% from it’s last estimate. In …

Technical Analysis

USDCAD uses moving averages as support and last week’s high as resistance.

August 15, 2023

Traders have defined a trading range for the USDCAD. On the downside, the rising 100 hour moving average of 1.3441 and the 200 day moving …

Central Banks

Fed’s Kashkari: I feel good about progress on inflation but it’s still too high

August 15, 2023

Kashkari is participating in a moderated Q&A followed by an audience Q&A. I’ll update the headlines as they roll in. We have been surprised by …

Technical Analysis

GBPUSD higher on the day, but there is up and down volatility too

August 15, 2023

NoThe GBPUSD is higher on the day but with its share of up-and-down volatility. The price is back above its 100 and 200-hour moving averages …

Technical Analysis

The USDJPY is up 6-days in a row. Will it be 7 or is today time for a correction?

August 15, 2023

The USDJPY is up for 6-days in a row. Will it be 7 or is it time for a correction. The high price did reach …

Technical Analysis

EURUSD whips around as markets react to economic data, and Fitch, and stocks and China

August 15, 2023

Retail sales in the US came in better-than-expected. That’s just one piece of the puzzle today. China lowered rates unexpectedly as overall growth and especially …

Sentiment

Germany 40 IG Client Sentiment: Our data shows traders are now net-long Germany 40 for the first time since Jul 07, 2023 when Germany 40 traded near 15,636.40.

August 15, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian …