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Japan eco min says the BOJ YCC decision intended to help sustainability of easing

August 1, 2023

Japan economy minister Goto: BOJ’s Friday decision was meant to increase the sustainability of monetary easing by making YCC more flexible does not think the …

Central Banks

PBOC sets USD/ CNY central rate at 7.1283 (vs. estimate at 7.1495)

August 1, 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 7.1495 – Reuters estimate

August 1, 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

Morgan Stanley sees potential for a late cycle US equities rally, similar to 2019

July 31, 2023

A note on Monday from Morgan Stanley strategist Mike Wilson. He has been bearish through 2023 but sees potential for a late cycle rally now. …

Central Banks

Bank of America expects the Reserve Bank of Australia to its hike cash rate by 25 bp today

July 31, 2023

This summary of the Bank of America note is via eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a …

Central Banks

JP Morgan cite 4 reasons for lower US 10 year Treasury yields, have a year-end 3.5% target

July 31, 2023

JP Morgan noted on Monday that it is confirming its view of lower UST yield in H2 this year, citing disinflation, the potential from a …

Central Banks

Reserve Bank of Australia statement due Tuesday, 1 August 2023 – previews

July 31, 2023

The Reserve Bank of Australia statement is due on 01 August 2023 at 2.30pm Sydney time (0430 GMT, 1230 am US Eastern time). Analysts are …

Technical Analysis

NZDUSD returns to a cluster of MAs including the 100 hour MA, 200 hour MA and 200 day MA

July 31, 2023

The NZDUSD is closing today higher. The currency pair is up 0.70%. The move to the upside saw the pair extend above 3 separate moving …

Central Banks

HSBC: Here is why risk-reward around this week’s BOE may not be encouraging for GBP bulls

July 31, 2023

HSBC lays out its perspective on the potential movements of the GBP in relation to the Bank of England’s (BoE) upcoming decisions: Key Takeaways: Expected …

Technical Analysis

EURUSD moves to a new session low but not by much.The 61.8% target at 1.10017 looms below.

July 31, 2023

The EURUSD started the US session with a low at 1.1004 and just above the 61.8% retracement at 1.1002. The high was at 1.1037 which …

Central Banks

ANZ: we expect the RBA to stay on hold this week; AUD/NZD tactical trading strategy

July 31, 2023

Australia and New Zealand Banking Group (ANZ) has put forth their perspective on the upcoming RBA decision and its implications for the AUD/NZD pair: Key …