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USDCAD Technical Analysis – Watch this support level for the next move

July 28, 2023

The Fed hiked interest rates by 25 bps as expected while keeping the policy statement basically unchanged. The market was more focused on the Powell’s …

Market Outlook

US Dollar in the Crosshairs as BoJ Tilts Post ECB and Fed Decisions. Lower USD/JPY?

July 28, 2023

The US Dollar ascendency got back on track after a tumultuous few trading sessions that has seen most of the major global central banks have …

Central Banks

Bank of Japan offers to buy up to 750bn yen of 3-5 year JGBs, up from 725bn

July 28, 2023

Reuters reporting that: Bank of Japan widens range of 3-5 year bond buying, offering to buy as much as 750 bln yen each time, up …

Central Banks

BOJ announce no change to yield curve control (YCC) and no monetary policy change

July 28, 2023

Bank of Japan monetary policy decision and statement – says will manage YCC more flexibly but maintains 0.5% band. Maintains short-term interest rate target at …

Central Banks

Reminder, the longer we wait for the BOJ statement the more likely there’s been a tweak

July 28, 2023

You most likely already know that the Bank of Japan statement is not set for a specific time. Based on experience its reasonable to expect …

Central Banks

Japan’s fin min Suzuki says he won’t comment on the BOJ policy decision

July 28, 2023

Japan’s Finance Minister Suzuki: will not comment on the BOJ policy decision expects the BoJ will conduct policy appropriately says he is closely watching the …

Central Banks

Commonwealth Bank expect the Reserve Bank of Australia to hike cash rate by 25bp next week

July 28, 2023

Commonwealth Bank of Australia economists on the RBA meeting next week. In summary from a longer piece: In another finely balanced decision,we expect the RBA …

Central Banks

Westpac expects the Reserve Bank of Australia to hike cash rate by 25 bp next week

July 28, 2023

more to come In summary from WPAC: The Board is expected to be guarded on the positive news on headline inflation for the June quarter. …

Central Banks

Bank of Japan preview – “good chance of a YCC policy change at today’s meeting”

July 28, 2023

Comments from a morning note from ING, first on the CPI data earlier: unlike other major economies, Japan’s inflation hasn’t yet reached its peak Headline …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1338 (vs. estimate at 7.1665)

July 28, 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

BoA unconvinced the FOMC rate hike cycle is over, more ahead has “USD supportive aspects”

July 28, 2023

Bank of America economic analysts on their outlook for the Federal Open Market Committee (FOMC) and the implications for the US dollar. We retain our …