Page 1012 – Forex

Dow Jones Technical Analysis

Last week, the Federal Reserve made the decision to pause its tightening cycle, settling at a range of 5.00-5.25%. Their rationale behind this move was …

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June 19, 2023

Technical Analysis

Gold Technical Analysis

June 19, 2023

Last week, the Fed finally paused its tightening cycle, settling at a range of 5.00-5.25%. Their rationale behind this decision was to await additional economic …

Central Banks

China seen cutting key lending benchmarks as economy slows

June 19, 2023

China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities …

Technical Analysis

S&P 500 Technical Analysis

June 19, 2023

The Fed eventually paused its tightening cycle last week at 5.00-5.25%. The reason was that they wanted to see more economic data before deciding on …

Central Banks

The PBOC is expected to cut rates again on Tuesday, 20 June 2023: Loan Prime Rates (LPRs)

June 19, 2023

There have been plenty of stimulus announcments from China last week: PBOC 1 year MLF rate cut to 2.65% (prior 2.75%), as widely expected ICYMI …

Central Banks

European Central Bank speakers on Monday, 19 June 2023 include Lane and Schnabel

June 19, 2023

Both of these two are never shy to express views on their economic and monetary policy outlooks. At 1100 GMT/0700 US Eastern time, European Central …

Central Banks

What would an AI-based Bank of Canada do?

June 19, 2023

CIBC is the Canadian Imperial Bank of Commerce based out of Toronto, Ontario. Economists at the bank have asked What would an AI-based central bank …

Market Outlook

Asia Day Ahead: Wall Street Rally Pauses Ahead of Series of Fedspeak

June 19, 2023

With the conclusion of the recent Federal Open Market Committee (FOMC) meeting, a series of hawkish Fedspeak is lined up on the horizon. Source

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1201 (vs. estimate at 7.1186)

June 19, 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 …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1186 – Reuters estimate

June 19, 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 …

Central Banks

BoA see S&P500 top before late July central banks, downside risk bigger before Labor Day

June 18, 2023

Bank of America analysts restate their bearish view of US equities again. Say that bears like them had been wrong in H1 due to the …