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Asia Day Ahead: Promising US Inflation Progress Drives Upbeat Market Mood

July 13, 2023

Lower-than-expected read in US inflation suggests that the tightening cycle from the Fed thus far are having its desired effect in moderating pricing pressures. Source

Central Banks

PBOC sets USD/ CNY central rate at 7.1527 (vs. estimate at 7.1623)

July 13, 2023

The reference rate for the USD/CNY today was estimated at 7.1788 with the People’s Bank of China’s counter-cyclical factor” (CCF) included and 7.1954 without. People’s …

Central Banks

2 different reasons the yen has been rising (hard!)

July 13, 2023

Greg on the yen: USDJPY is down for the 5th consecutive day. Over that time period, the pair has moved over 650 pips. That’s a …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1623 – Reuters estimate

July 13, 2023

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …

Central Banks

Rates traders still see an FOMC July rate hike but chance of a September hike has plunged

July 12, 2023

The US June CPI report continued to show improvement, the pace of price prises slowing again: The US CPI report for June came in lower …

Central Banks

JP Morgan response to the US June CPI report – soft landing path a “smidgeon” wider

July 12, 2023

The US CPI report for June came in lower than the consensus expected for both headline and core m/m. US June CPI y/y 3.0% versus …

Central Banks

US Senator Warren says Powell should stop the rate hikes

July 12, 2023

US Senator Warren is never one to overlook a populist comment, this time ignoring Federal Reserve independence. Says Federal Reserve Chair Powell should stop hiking …

Central Banks

Goldman Sachs response to the US CPI report – affirms a final FOMC rate hike July

July 12, 2023

The US CPI report for June came in lower than the consensus expected for both headline and core m/m. US June CPI y/y 3.0% versus …

Central Banks

ICYMI – ECB’s Vujčić says inflation risk still elevated, but more balanced

July 12, 2023

Boris Vujčić is the Governor of the Croatian National Bank and therefore a member of the European Central Bank Governing Council. He spoke in a …

Technical Analysis

Major currency pairs broke out today. Technical stories changed. Want to catch up?

July 12, 2023

What are the new technical stories with key levels for the major currencies. The videos below outline the risks, bias, targets for the major currency …

Technical Analysis

The NZDUSD breaks higher and gets close to the next key targets

July 12, 2023

The RBNZ kept rates unchanged when they made their interest-rate decision in the Asian Pacific session. The price of the NZDUSD initially moved to the …