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Fed data shows rejection rate for US credit applicants climbed to its highest in 5 years

July 17, 2023

A Federal Reserve survey published on Monday pegged the rejection rate for U.S. credit applicants at to 21.8% in the twelve months through June the …

Central Banks

China analysts say a People’s Bank of China Q3 RRR cut is likely – to support the economy

July 17, 2023

China Securities Journal with an article today citing analysts – say that a Q3 Reserve Requirement Ratio (RRR) from the PBOC is likely. In order …

Central Banks

Here are 2 factors needed for AUD to move higher (above 0.70 towards 0.71) – RBA isn’t one

July 17, 2023

The Reserve Bank of Australia minutes ar due today, preview here: Economic calendar in Asia Tuesday, 18 July 2023 – RBA July meeting minutes Mizuho …

Central Banks

ICYMI – ECB’s Nagel says to expect a rate hike at the July meeting, September data driven

July 17, 2023

Germany’s Bundesbank President and European Central Bank Governing Council member Nagel spoke on Monday. Key points: Transmission may be taking longer than in the past …

Central Banks

Economic calendar in Asia Tuesday, 18 July 2023 – RBA July meeting minutes

July 17, 2023

It’s a very light data calendar in the Asia session ahead. At 0130 GMT, 9.30pm US Eastern time, we get the minute of the RBA …

Cryptocurrency

Selling pressure takes bitcoin below $30,000 but the range-bottom holds

July 17, 2023

Bitcoin hit at session low in the past hour, briefly trading below $30,000. It has since bounced back above that level though as the range …

Technical Analysis

AUDUSD has a unique symmetry on the hourly chart. Want to know what it looks like?

July 17, 2023

The AUDUSD has a unique symmetry that has retracement levels of the sharp move lower in June equal to the retracement levels of the sharp …

Technical Analysis

The GBPUSD corrects to the downside. The rising 100 hour MA is catching up to the price.

July 17, 2023

The GBPUSD continues to probe to the downside after testing a key target on the daily chart near 1.31465 on Friday. The high price reached …

Technical Analysis

EURUSD is stuck in the mud. A 35 pip trading range begs for a range extension.

July 17, 2023

The EURUSD is stuck in the mud. The low to high trading range is only 35 pips. That is about half of the 70 or …

Technical Analysis

USDJPY rebounds to 100 hour MA and swing area. Shows some signs of buying interest.

July 17, 2023

The USDJPY is bouncing higher in early US trading, and in the process is testing/breaking above the 100 hour MA at 138.83 and looks toward …

Central Banks

ECB’s Vasle: Core inflation remains high, resilient

July 17, 2023

Until we get to the July policy decision next week, don’t expect any change to the tone and rhetoric from the ECB. It will be …