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Japanese media report the BOJ is likely to raise its FY2023 inflation forecast above 2%

July 13, 2023

Yomiuri with the report on the Bank of Japan. The Bank meet on July 27 and 28 and will revise forecasts at this meeting. Can …

Central Banks

Fed’s Waller says he is in favour of raising the Fed Funds rate at the July FOMC meeting

July 13, 2023

Federal Reserve Board Governor Christopher Waller speaks on his economic and policy outlook before the Money Marketeers of New York University. Headlines via Reuters: Favors …

Central Banks

Australia media report that Reserve Bank of Australia Governor Lowe will no be reappointed

July 13, 2023

Reserve Bank of Australia Governor Lowe’s term finishes up in September. He is seeking reappointment. Local public broadcaster ABC says he will not be reappointed. …

Central Banks

Economic calendar in Asia 14 July 2023 – Federal Reserve speaker (Waller)

July 13, 2023

It’s a quiet data agenda ahead for the session but we will be getting comments from Fed hawk Waller: Federal Reserve Board Governor Christopher Waller …

Technical Analysis

NASDAQ index up over 200 points or 1.55%

July 13, 2023

The NASDAQ index continues to march higher. It is currently trading up 217.29 points or 1.56% at 14136.28. For the trading week, the index is …

Technical Analysis

AUDUSD approaches its highest level going to February 2023

July 13, 2023

The AUDUSD is racing higher this week with a gain in the pair of 2.96% . The run to the upside now has the pair …

Technical Analysis

WTI crude oil futures settle at $76.89

July 13, 2023

WTI crude oil futures are settling at $76.89. That’s up $1.14 or 1.5%. The price is settling near the high for the day at $76.96. …

Central Banks

Feds Bullard is stepping down in August

July 13, 2023

St. Louis Fed Pres. James Bullard is announcing that he will be stepping down in August (August 14). He will become the Dean at Purdue …

Technical Analysis

USDCAD makes new 2023 lows (low going back to Sep 2022). What keeps the sellers in control

July 13, 2023

The USDCAD broke below the 50% midpoint of the move up from the October 21 low at 1.3132, and the June 2023 low at 1.31157. …

Technical Analysis

New highs for the EURUSD. There is some room between price and 200 week MA now.

July 13, 2023

The EURUSD is running to the upside, making another new high for the year and high going back to March 2022. The high just reached …

Sentiment

NZD/USD IG Client Sentiment: Our data shows traders are now at their least net-long NZD/USD since Dec 27 when NZD/USD traded near 0.63.

July 13, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading …