Page 973 – Forex

AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Jun 21, 2023 when AUD/USD traded near 0.68.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading …

By admin

July 13, 2023

Technical Analysis

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

July 13, 2023

The AUD is the strongest and the JPY is the weakest as the North American session begins. The USD is just a whisker away from …

Central Banks

ECB accounts: Members generally concurred interest rates had reached restrictive territory

July 13, 2023

Members considered that there were both upside and downside risks to the inflation outlook It was argued that market participants would be surprised by the …

Central Banks

ECB’s Visco: We are not very far from the peak in interest rates

July 13, 2023

He also adds that he “somewhat disagrees” with the preference for further tightening. It’s not the first time that he has expressed such a view …

Analyst Picks

Markets Might be Pricing in Policy Uncertainty That May Present Opportunities

July 13, 2023

Range Trading – More of the Same for Markets as Uncertainty Remains the Certainty. Source

Central Banks

Federal Reserve speakers on Thursday include Daly and Waller

July 13, 2023

1510 GMT/1110 US Eastern time: Federal Reserve Bank of San Francisco President Mary Daly participates in live interview with CNBC. Daly spoke earlier this week: …

Central Banks

Heads up for a People’s Bank of China news conference on Friday, China time

July 13, 2023

The People’s Bank of China will be holding a news conference on Friday, 14 July 2023 at 10am Beijing time 0300 GMT 10pm US Eastern …

Market Outlook - Asian Market

Asia Day Ahead: Promising US Inflation Progress Drives Upbeat Market Mood

July 13, 2023

Lower-than-expected read in US inflation suggests that the tightening cycle from the Fed thus far are having its desired effect in moderating pricing pressures. Source

Central Banks

PBOC sets USD/ CNY central rate at 7.1527 (vs. estimate at 7.1623)

July 13, 2023

The reference rate for the USD/CNY today was estimated at 7.1788 with the People’s Bank of China’s counter-cyclical factor” (CCF) included and 7.1954 without. People’s …

Central Banks

2 different reasons the yen has been rising (hard!)

July 13, 2023

Greg on the yen: USDJPY is down for the 5th consecutive day. Over that time period, the pair has moved over 650 pips. That’s a …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1623 – Reuters estimate

July 13, 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 …