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People’s Bank of China Loan Prime Rate Setting due today – no rate change is expected

July 19, 2023

I posted on the LPR setting coming up later (0115 GMT) earlier here: Economic calendar in Asia 20 July 2023 – People’s Bank of China …

Central Banks

3 conditions are required for the US dollar to resume its downtrend – HSBC

July 19, 2023

HSBC is looking for the USD to fall further, saying that with the end of the Federal Open Market Committee (FOMC) hiking cycle being near …

Central Banks

Goldman Sachs says long CAD not preferred to capture US dollar weakness

July 19, 2023

Key Points 1. BoC Rate Hike: The Bank of Canada (BoC) has implemented another 25bp rate hike, which was in line with market expectations. 2. …

Central Banks

Economic calendar in Asia 20 July 2023 – People’s Bank of China rate announcement

July 19, 2023

The focus of the calendar is on the PBOC’s Loan Prime Rate Setting. No rate changes are expected. Earlier this week the Medium-term Lending Facility …

Central Banks

More Ramsden: latest UK inflation data shows inflation still a bit higher than expected.

July 19, 2023

The latest UK inflation data shows indicators of inflation persistence still a bit higher than BOE expected in May Cannot rule out next interest rate …

Technical Analysis

GBPUSD technical update: Target in the GBPUSD reached at 50% retracement

July 19, 2023

In an early video on the GBPUSD, I spoke to the pair’s next target coming at the key 50% midpoint. More specifically, I wrote: “On …

Central Banks

BOE’s Ramsden: CPI inflation at 7.9% remains much too high

July 19, 2023

Comments from Bank of England deputy governor for markets and banking, David Ramsden, at the Money Macro and Finance Society. The subject of his speech …

Central Banks

ECB’s Stournaras: Inflation is falling and more tightening could hurt the economy

July 19, 2023

Stournaras spoke with CGTN Europe. He’s made some dovish comments before and I think he’s onto something here. This article was written by Adam Button …

Central Banks

Atlanta Fed GDPNow growth estimate for 2Q unchanged at 2.4% after housing data today

July 19, 2023

The Atlanta Fed GDPNow estimate for Q2 growth remained unchanged vs yesterday’s value at 2.4%. The US housing starts and building permits did little to …

Technical Analysis

AUDUSD lower on the day and back below its 200 hour moving average for the 2nd time today

July 19, 2023

The AUDUSD is lower on the day and back below its 200-hour moving average for the 2nd time today. Earlier in the European session the …

Technical Analysis

EURUSD cracks lower and away from its 100 hour MA. Sellers making a play.

July 19, 2023

The EURUSD is cracking lower and looks toward support near 1.1184. The move to the downside is moving away from its 100-hour moving average currently …