Page 990 – Forex

MUFG: AUD near-term setback after yesterday’s CPI data, ahead of the RBA meeting next week

Yesterday we had better-than-expected (headline) inflation data from Australia: ForexLive Asia-Pacific FX news wrap: Australian inflation surge slows a little This trimmed back expectations for …

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June 28, 2023

Central Banks

Federal Reserve says US banks pass stress tests – capital ratios well above requirement

June 28, 2023

Fed stress test on banks results published. In summary, all passed, banks have enough capital to weather a severe economic slump. The pass mark paves …

Central Banks

Economic calendar in Asia 29 June 2023 – New Zealand and Australian data

June 28, 2023

Retail sales data from Australia is the focus, given the Reserve Bank of Australia policy meeting is just around the corner (July 4). Steadily rising …

Technical Analysis

AUDUSD sellers in control. What would spoil the bearishness in the short term?

June 28, 2023

The AUDUSD market shifted further into seller control today following the closes below the 200-day Moving Average (MA) on Monday and Tuesday, at 0.66905. Yesterday, …

Technical Analysis

EURUSD corrects back toward the 100 hour MA

June 28, 2023

In the video, from earlier today, I outlined the “value area” where most of the trading activity has occurred over the last 9-10 days. That …

Central Banks

ECB reports differ on the pace of balance sheet reduction

June 28, 2023

Christine Lagarde was asked today about the ECB balance sheet and responded that interest rates were their many policy lever. She added that they will …

Central Banks

More from ECB’s Villeroy: We need to be patient on the duration rates are kept high

June 28, 2023

We need to be more cautious about for guidance but would not throw it away completely Due to monetary policy likes, the length of monetary …

Sentiment

Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Jun 02, 2023 when Wall Street traded near 33,756.10.

June 28, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian …

Central Banks

ECBs Villeroy: Inflation expectations remain anchored

June 28, 2023

ECBs Villeroy is on the wires saying: Inflation expectations remain well anchored More confident on soft landing but not without pain Expects a catch up …