Page 985 – Forex

USDCAD Technical Analysis – Focus on the 1.3225 level

The market expects the Fed to hike by 25 bps at the July meeting given that the economic data kept on surprising to the upside …

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July 4, 2023

Technical Analysis

GBPUSD Technical Analysis – Awaiting the NFP

July 4, 2023

Since the last FOMC meeting the US economic data surprised consistently to the upside leading to a more hawkish pricing for interest rates expectations. In …

Market Outlook

Gold Price Steadies with US Dollar Sidelined but an RBA Pause Sinks AUD/USD

July 4, 2023

The gold price potentially reflects a holiday-impacted market with volatility easing across many asset classes. AUD/USD took a hit though when the RBA decided not …

Central Banks

Full statement of the RBA monetary policy decision for July 2023

July 4, 2023

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange …

Central Banks

RBA leaves the cash rate unchanged at 4.10%

July 4, 2023

Prior 4.10% Higher rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so …

Central Banks

Reserve Bank of Australia policy decision & statement due the bottom of the hour – preview

July 4, 2023

The RBA announcement is coming up at 2.30pm Sydney time, which is 0430 GMT and 0030 US Eastern time. Earlier previews are here: Reserve Bank …

Central Banks

Explainer: What would Japanese intervention to boost the weak yen look like?

July 4, 2023

I posted on signs of forex intervention to be aware of: JPY alert: The clear signals to watch for imminent Bank of Japan FX yen …

Central Banks

China Banks Offer 25-Year Loans to LGFVs to Avert Credit Crunch

July 4, 2023

Bloomberg (gated) with the item: China Banks Offer 25-Year Loans to LGFVs to Avert Credit Crunch China’s biggest state banks are offering local government financing …

Central Banks

Japan finance minister Suzuki says keeping in close high-level contact with US on FX

July 4, 2023

More yen intervention of the verbal kind from Japan. Japan finance minister Suzuki says keeping in close contact with the US at the vice-ministerial level …