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PBOC is expected to set the USD/CNY reference rate at 7.2540 – Reuters estimate

June 29, 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 …

Cryptocurrency

Binance ’s EUR fiat deposit partner, Paysafe, will no longer provide services to exchange

June 29, 2023

CoinDesk with the report: Binane is copping it from many directions. Meanwhile leading crypto BTC is circa USD30100 This article was written by Eamonn Sheridan …

Central Banks

After Australia’s better CPI data yesterday NAB still expect a July RBA rate hike

June 28, 2023

Yesterday we had better-than-expected (headline) inflation data from Australia: ForexLive Asia-Pacific FX news wrap: Australian inflation surge slows a little This trimmed back expectations for …

Central Banks

ECB’s Centeno says very close to the time monetary policy may pause

June 28, 2023

European Central Bank Governing Council member and Bank of Portugal governor Mario Centeno “We are reaching the time when monetary policy can pause, we are …

Central Banks

MUFG: AUD near-term setback after yesterday’s CPI data, ahead of the RBA meeting next week

June 28, 2023

Yesterday we had better-than-expected (headline) inflation data from Australia: ForexLive Asia-Pacific FX news wrap: Australian inflation surge slows a little This trimmed back expectations for …

Central Banks

Federal Reserve says US banks pass stress tests – capital ratios well above requirement

June 28, 2023

Fed stress test on banks results published. In summary, all passed, banks have enough capital to weather a severe economic slump. The pass mark paves …

Central Banks

Economic calendar in Asia 29 June 2023 – New Zealand and Australian data

June 28, 2023

Retail sales data from Australia is the focus, given the Reserve Bank of Australia policy meeting is just around the corner (July 4). Steadily rising …

Technical Analysis

AUDUSD sellers in control. What would spoil the bearishness in the short term?

June 28, 2023

The AUDUSD market shifted further into seller control today following the closes below the 200-day Moving Average (MA) on Monday and Tuesday, at 0.66905. Yesterday, …

Technical Analysis

EURUSD corrects back toward the 100 hour MA

June 28, 2023

In the video, from earlier today, I outlined the “value area” where most of the trading activity has occurred over the last 9-10 days. That …

Central Banks

ECB reports differ on the pace of balance sheet reduction

June 28, 2023

Christine Lagarde was asked today about the ECB balance sheet and responded that interest rates were their many policy lever. She added that they will …

Central Banks

More from ECB’s Villeroy: We need to be patient on the duration rates are kept high

June 28, 2023

We need to be more cautious about for guidance but would not throw it away completely Due to monetary policy likes, the length of monetary …