admin – Page 921

USDCAD Technical Analysis – Back above 1.3225

June 30, 2023

We keep hearing from the Fed members that two or more rate hikes this year are likely if the data remains solid. In fact, since …

Technical Analysis

GBPUSD Technical Analysis – US Dollar Strength

June 30, 2023

The Fed members and Fed Chair Powell keep on repeating that they expect two or more rate hikes if the data remains strong. Since the …

Market Outlook

Japanese Yen is on the Slide as the Fed and Bank of Japan Return to their Corners

June 30, 2023

The Japanese Yen backed away from 145 against the US Dollar after some verbal intervention but interest rate differentials are reaccelerating in favour of USD. …

Central Banks

Japan finance minister Suzuki says FX should move stably, reflect fundamentals

June 30, 2023

Japan finance minister Suzuki, with same-old comments. Some verbal intervention as the yen weakens. NOPE! Here we go, he’s adding in something a little more …

Market Outlook

Asia Day Ahead: Economic Resilience Well-Received in US; Key Inflation Data Looms

June 30, 2023

A significant upward revision in the final read for US first-quarter GDP data adds to the list of positive economic surprises in the US lately, …

Central Banks

Australian Private Sector Credit growth in May +0.4% m/m (expected +0.4%)

June 30, 2023

Private sector credit data comes via the Reserve Bank of Australia. AUD/USD is a little lower in response to the data from China, not this …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.2258 (vs. estimate at 7.2525)

June 30, 2023

People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade …

Cryptocurrency

Reserve Bank of New Zealand is ramping up its monitoring of stablecoins and cryptoassets

June 30, 2023

The RBNZ says there are significant risks and opportunities from stablecoins and other private money innovations but also significant uncertainties about how the sector will …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2525 – Reuters estimate

June 30, 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 …