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Goldman Sachs says scope for Japanese Yen (JPY) intervention may be limited

June 22, 2023

Goldman Sachs on the Bank of Japan and JPY. – Key Takeaways: 1. Expectation of an Adjustment to YCC: Goldman Sachs economists expect an adjustment …

Central Banks

Fed’s Barkin says the Bank is still a “good way away” from its 2% inflation target

June 22, 2023

More remarks from Federal Reserve Bank of Richmond President Thomas Barkin. He is speaking (and taking questions) on the economy before the Risk Management Association. …

Central Banks

Deutsche Bank forecast Bank of England peak rate at 5.75% – more ‘forceful’ hikes on table

June 22, 2023

Deutsche Bank’s forecast for the Bank of England peak rate is now at 5.75%: projecting three quarter point hikes in August, September, and November as …

Central Banks

JP Morgan are forecasting another 75bp of Bank of England rate hikes

June 22, 2023

Earlier on revisions to BoE rate hike forecasts: Goldman Sachs now sees 50 bps Bank of England hike in August Goldman Sachs expects a 50 …

Central Banks

Fed’s Barkin says US inflation is still too high

June 22, 2023

Federal Reserve Bank of Richmond President Thomas Barkin Despite falling from its peak inflation is still too high demand is still elevated compared with its …

Technical Analysis

NZDUSD has an up and down trading day with sellers taking more control below 100/200H MAs

June 22, 2023

The NZDUSD has seen a number of ups and down in recent trading. That pattern continued in trading today with up-and-down price volatility. The most …

Technical Analysis

USD/JPY continues the breakout as it touches 143 for the first time since November

June 22, 2023

USD/JPY touched 143.00 for the first time since November as the market frets about rate hikes. The thinking throughout market is increasingly that central banks …

Technical Analysis

USDJPY makes new highs. EURUSD new lows as dollar continues to move higher

June 22, 2023

The USDJPY is continuing its move to the upside trading to a new session high of 142.975 just short of the natural resistance at 143.00. …

Technical Analysis

Gold falls to the lowest level since mid-March

June 22, 2023

The price of gold is trading at $1915.70. The low price reached $1912.90 today. That took the price to the lowest level since March 16. …

Central Banks

A summary of the Fed Chair Powell’s major comments during his testimony on Capitol Hill

June 22, 2023

On Federal Reserve Policy Fed Chair Jerome Powell stated that the reverse repo facility has been decreasing since March and doesn’t account for the decline …

Technical Analysis

The NASDAQ index moves up over 100 points but backs off

June 22, 2023

The NASDAQ index as moved up 104.79 points at session highs today, but has backed off a little bit and currently trades up 72 points …