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USDCAD Technical Analysis – Make it or Break it Moment

June 23, 2023

Last week, the Federal Reserve decided to pause its tightening cycle, maintaining interest rates at a range of 5.00-5.25%. The Federal Open Market Committee (FOMC) …

Central Banks

Note – European Central Bank’s Schnabel is speaking over the weekend

June 23, 2023

We have ECB speakers coming up today: European Central Bank President Lagarde speaking Friday. Panetta (on crypto) & de Cos also And, on Saturday, 24 …

Central Banks

Federal Reserve speakers on Friday are Bullard, Bostic, Mester

June 23, 2023

Federal Reserve Chair Powell spoke this week, indicating further Federal Open Market Committee (FOMC) hikes yet to come: Forexlive Americas FX news wrap: Powell Speaking …

Central Banks

European Central Bank President Lagarde speaking Friday. Panetta (on crypto) & de Cos also

June 23, 2023

I posted earlier on the prospects for a September rate hike from the European Central Bank. Keep an ear out for any further hints from …

Market Outlook - Asian Market

Asia Day Ahead: US Megacap Tech Shined; Series of PMI Readings to End the Week

June 23, 2023

Fed Chair Jerome Powell reiterated his hawkish tone but Wall Street seems to be taking it in stride this time, with the S&P 500 and …

Central Banks

A September European Central Bank rate hike now appears almost locked in

June 23, 2023

A rate hike at the July 22 meeting is a done deal, but officials from the ECB have been sowing doubt over a September rate …

Central Banks

2 reasons for a Bank of Japan ‘tweak’ to yield curve control (YCC) at its July meeting

June 23, 2023

The inflation data from Japan for May indicated strong price growth still: Japan CPI for May, headline 3.2% y/y vs. 3.5% prior The inflation data …

Central Banks

Why higher central bank rates are bullish oil

June 23, 2023

This snippet is via ANZ commodity analysts after Federal Reserve Chair Powell warned of higher rates still to come and the Bank of England ratcheted …

Central Banks

China mainland is on holiday Friday, 23 June 2023 – Hong Kong open

June 23, 2023

Mainland China is out for the second day of the Dragon Boat Festival holidays today. Stockmarkets are closed and there will be no PBOC CNY …

Central Banks

The inflation data from Japan today is going to reignite speculation of BOJ policy change

June 23, 2023

The May inflation data from Japan is here: Japan CPI for May, headline 3.2% y/y vs. 3.5% prior It shows the core-core rate inflation, which …

Central Banks

After the over 100+ point up in USDJPY overnight be on the alert for intervention comments

June 23, 2023

The rapid slump in the yen on Thursday should bring along verbal intervention from Japanese authorities today. I’m only expecting verbal intervention, not actual yen …