admin – Page 882

EURUSD Technical Analysis – A Fakeout Could Lead to Massive Downside

July 20, 2023

The miss in the US CPI report last week triggered a heave US Dollar selling across the board. The market started to price out the …

Market Outlook

Crude Oil Steadies as Markets Assess US Dollar Direction. Will WTI Regain High Ground?

July 20, 2023

The crude oil price decent pause to start Thursday’s session as markets assess energy demand with China leaving rates unchanged. If the US Dollar resume …

Central Banks

Heads up for the final Japan inflation report before next week’s BOJ meeting

July 20, 2023

Expectations for some sort of policy tweak or change from the Bank of Japan at its 26 and 27 July meeting plunged this week with …

Central Banks

Over half of surveyed analysts expect a July & September European Central Bank rate hike

July 20, 2023

Via Reuters, the results of their latest poll on what is expected from the European Central Bank. all 75 analysts surveyed expect a July +25bp …

Market Outlook

Asia Day Ahead: Mixed Showing in Asia as Markets Digest NFLX, TSLA Earnings

July 20, 2023

After-market earnings releases from Netflix and Tesla have brought about a mixed showing in US equity futures this morning. Source

Central Banks

ICYMI – yuan rocketed higher with the PBOC slamming the fix, and promoting capital inflow

July 20, 2023

Eyes were on the People’s Bank of China Loan Prime Rate setting today: PBOC Loan Prime Rates (LPR) remain unchanged at today’s rate setting, as …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7. 1466 (vs. estimate at 7.2233)

July 20, 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 Loan Prime Rates (LPR) remain unchanged at today’s rate setting, as expected

July 20, 2023

People’s Bank of China policy rate setting, no change. As expected. Current LPRs 3.55% for the one year most new and outstanding loans in China …

Central Banks

October is now the month most cited as the likely timing for a BOJ policy change

July 20, 2023

Some 82% of 50 economists in a Bloomberg survey said they expect the BOJ to leave policy untouched at the July meeting (27 and 28th). …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2233 – Reuters estimate

July 20, 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

Bank of Japan Governor Ueda comments this week have watered down YCC tweak expectations

July 19, 2023

Adam had the comments from BOJ Gov Ueade here: doesn’t sound like a guy who wants to change YCC at the end of the month. …