Forecasts British Pound Outlook: Inflation Data Will Drive GBP/USD and EUR/GBP Posted onJuly 14, 2023 US inflation is on the way down, taking the wind out of the US dollar’s sails. Will next week’s UK inflation report temper Sterling’s recent …
Technical Analysis USDJPY corrects higher to broken 38.2% retracement level at 139.176. Battles is on now. Posted onJuly 14, 2023 The USDJPY moved to a new low going back to May 17 today, and in the process dipped below the 50% midpoint of the move …
Technical Analysis GBPUSD trades lower today after strong gains this week Posted onJuly 14, 2023 The GBPUSD has moved sharply higher this week and in the process extended above a swing area near the 1.2950 to 1.3000 this week. The …
Central Banks Feds Goolsbee: There is a path to curb inflation without recession Posted onJuly 14, 2023 Chicago Fed Pres. Feds Goolsbee (dove) is on the wires saying: there is a path to curb inflation without recession meanwhile on CNBC Blackrocks CEO …
Technical Analysis EURUSD consolidates strong gains this week. Posted onJuly 14, 2023 The EURUSD is up 2.3% this week which is the largest gain since November 2022. That has taken the price well above its 100 hour …
Central Banks BOJ announces to host first discussion on long-term policy review in December Posted onJuly 14, 2023 This is a new initiative undertaken by the BOJ as they seek to conduct a e review of monetary policy from a broad perspective. And …
Technical Analysis USDCAD Technical Analysis – Bearish Posted onJuly 14, 2023 The miss in the US CPI report led to a sizeable depreciation in the US Dollar as the market cheered the lower core inflation readings …
Technical Analysis GBPUSD Technical Analysis – Bullish Posted onJuly 14, 2023 The US CPI report missed expectations across the board causing a big weakening in the US Dollar. The market started to price out additional rate …
Central Banks More on ex-BOJ Hayakawa expects Bank to tweak yield curve control (YCC) program this month Posted onJuly 14, 2023 Hideo Hayakawa is a former chief economist and director at the Bank of Japan. He spoke in an interview with Bloomberg (gated). He is expecting …
Central Banks More from deputy governor of the PBOC: Will prevent sharp fluctuations in the yuan Posted onJuly 14, 2023 Jawboning from the People’s Bank of China on the yuan. Liu Guoqiang, deputy governor of the People’s Bank of China: It’s not good to see …
Central Banks WSJ’s Nick Timiraos highlight’s Fed Waller’s comment on September meeting being ‘live’ Posted onJuly 14, 2023 Nick Timiraos is viewed as having good connections into the Federal Reserve. He has, in the past, communicated policy messaging during a ‘blackout’ period, for …