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SF Fed Pres Daly: The good news on inflation this week is indeed good news

July 13, 2023

Saying that we needed to 2 hikes was a way to keep optionality open The good news on inflation this week is indeed good news …

Technical Analysis

The USD is moving to new lows vs major currencies

July 13, 2023

The USD is making breaks (new lows for the USD) vs a number of major currencies. Technical highlights for each can be seen in the …

Technical Analysis

GBPUSD buyers remain in full control. Biggest gain this week since November 2022.

July 13, 2023

The GBUSD is breaking higher today with the move above a swing area on the daily chart between 1.29496 and 1.3000. The price is trading …

Technical Analysis

EURUSD stretches to another new high and tests a key week technical level

July 13, 2023

The EURUSD is stretching to a new high for the year, and TO a high level going back to the end of February 2022. The …

Sentiment

AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Jun 21, 2023 when AUD/USD traded near 0.68.

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 AUD/USD-bullish contrarian trading …

Technical Analysis

The AUD is the strongest and the JPY is the weakest as the North American session begins

July 13, 2023

The AUD is the strongest and the JPY is the weakest as the North American session begins. The USD is just a whisker away from …

Central Banks

ECB accounts: Members generally concurred interest rates had reached restrictive territory

July 13, 2023

Members considered that there were both upside and downside risks to the inflation outlook It was argued that market participants would be surprised by the …

Central Banks

ECB’s Visco: We are not very far from the peak in interest rates

July 13, 2023

He also adds that he “somewhat disagrees” with the preference for further tightening. It’s not the first time that he has expressed such a view …

Analyst Picks

Markets Might be Pricing in Policy Uncertainty That May Present Opportunities

July 13, 2023

Range Trading – More of the Same for Markets as Uncertainty Remains the Certainty. Source

Central Banks

Federal Reserve speakers on Thursday include Daly and Waller

July 13, 2023

1510 GMT/1110 US Eastern time: Federal Reserve Bank of San Francisco President Mary Daly participates in live interview with CNBC. Daly spoke earlier this week: …

Central Banks

Heads up for a People’s Bank of China news conference on Friday, China time

July 13, 2023

The People’s Bank of China will be holding a news conference on Friday, 14 July 2023 at 10am Beijing time 0300 GMT 10pm US Eastern …