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S&P 500 Technical Analysis – Bulls are getting exhausted near a key level

July 24, 2023

Following the big rally after the miss in the US CPI report, the market started to get exhausted near a key swing high level. The …

Market Outlook

US Dollar Holds the High Ground Ahead of Fed, ECB and BoJ Meetings. Higher USD?

July 24, 2023

The US Dollar ascendency got back on track last week as markets eye Wednesday’s Federal Reserve rate decision ahead of the ECB and the BoJ’s …

Central Banks

Japan’s government expects the CPI to track around 1.5% in Fiscal year 2024

July 24, 2023

Japan govt spokesperson: hope BOJ coordinate with govt on economic policy, take steps based on understanding agreed upon between govt-BOJ joint statement we will do …

Market Outlook - Asian Market

Asia Day Ahead: Sentiment in Check Ahead of US Fed Meeting

July 24, 2023

The start of the new trading week could potentially bring about some indecision, before volatility picked up on the onslaught of big tech earnings and …

Central Banks

MUFG are expecting a Bank of Japan Yield Curve Control tweak at this week’s policy meeting

July 24, 2023

The Bank of Japan meet on the 27th and 28th. Goldman Sachs expect a tweak: Goldman Sachs are still expecting the Bank of Japan will …

Central Banks

Goldman Sachs are still expecting the Bank of Japan will tweak YCC policy this week

July 24, 2023

Goldman Sachs are holding with their forecast that the Bank of Japan will adjust its Yield Curve Control (YCC) at the policy meeting this week, …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1451 (vs. estimate at 7.1795)

July 24, 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 7.1795 – Reuters estimate

July 24, 2023

Models estimating the reference rate the PBCO is likely to set each day have not been showing much accuracy in past weeks. The PBOC appears …

Central Banks

USD/JPY has barely moved since Kanda’s BOJ policy comments

July 23, 2023

We heard from Japan’s Finance Ministry’s Vice Finance Minister for International Affairs Kanda. He is the guy who will instruct the BOJ to intervene, when …

Central Banks

Japan yen intervention boss says he’s not in a position to comment on BOJ monetary policy

July 23, 2023

Some early remarks crossing from Japan’s Finance Ministry’s Vice Finance Minister for International Affairs Kanda. He is the guy who will instruct the BOJ to …

Central Banks

Bank of Japan meet this week, July 27-28 – no change seen to yield curve control (YCC)

July 23, 2023

The Bank of Japan monetary policy meeting is this week. The ‘in a nutshell’ preview expectations is that there will be no tweak to YCC …