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BOE’s Tenreyro: We have seen very little pass through of UK policy tightening

June 29, 2023

We have seen very little pass through so far of UK policy tightening The more the BOE raises rates now, the sooner and faster the …

Central Banks

BOE Tenreyro:Data could be consistent with slightly slower decline in inflation pressures

June 29, 2023

The BOE Tenreyro is speaking and says My vote to leave bank rate unchanged at my final policy meeting rested on what the latest data …

Technical Analysis

AUDUSD consolidates below swing area resistance. 100 hour MA catching up to price.

June 29, 2023

The AUDUSD has been stepping lower since peaking on June 16. Yesterday the pair: Stayed below the 20200-dayoving average of 0.66904 Extended below the 50% …

Central Banks

Himino: BOJ must scrutinize newly emerging factors that are pushing up prices

June 29, 2023

Recent rises in Japan’s CPI are more more modest than in the US and Europe but stronger than previously expected While pass-through of import prices …

Technical Analysis

USDCAD can’t extend above target swing area for the second consecutive day

June 29, 2023

The USDCAD moved higher in the Asian session and returned to a swing area between 1.3271 to 1.32853. The high price in the Asian session …

Technical Analysis

USDJPY overbought but buyers still in control

June 29, 2023

Trending markets can get overbought and stay overbought. That is the case with the USDJPY. It has been up 6 of the last 7 days …

Technical Analysis

GBPUSD falls to support target at 1.2599. Can the price move below the target?

June 29, 2023

The better claims and GDP has sent the USD higher and the GBPUSD lower. The price low for the GBPUSD has moved down to a …

Technical Analysis

EURUSD bias shifts back to the downside after better US data, but support still holding

June 29, 2023

The EURUSD is moving back to the downside after stronger US initial jobless claims data and stronger GDP. The pair has moved back below the …

Technical Analysis

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

June 29, 2023

The AUD is the strongest and the CAD is the weakest as the North American session begins. The USD is weaker a day after rising …

Central Banks

Fed’s Bostic: Nobody should take a signal from my view that we should pause

June 29, 2023

There are undoubtedly scenarios where we could move at two meetings in a row I’m not expecting that will happen but if it is what …

Central Banks

Fed’s Bostic: I don’t see as much urgency to move as stated by others

June 29, 2023

We’re not seeing inflation moving away from target I’m comfortable waiting If inflation seems to significantly stall, then we’ll probably do more Just take note …