Page 995 – Forex

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

The EUR is the strongest and the JPY is the weakest as the North American session begins.The USD is mixed to lower. Gains and losses …

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June 27, 2023

Technical Analysis

USDCAD Technical Analysis – Waiting for the CPI

June 27, 2023

Over the past week, many central bank speakers have shared their perspectives. The prevailing consensus remains unchanged: a wait-and-see approach is favoured to gauge the …

Central Banks

ECB’s Simkus: Should not rule out the option of a September rate hike

June 27, 2023

We are not done with hiking rates Too early to say whether there will be a rate hike in September Must keep rates restrictive to …

Central Banks

BOE’s Dhingra: UK wages are responding to inflation with a lag

June 27, 2023

Sharp drop in PPI is promising There is a lag between fall in PPI and CPI around one or two quarters Food prices is where …

Central Banks

ECB’s Lagarde: Inflation remains too high

June 27, 2023

We are committed to reaching inflation target come what may We cannot waver, cannot declare victory yet Need to bring rates to “sufficiently restrictive” territory …

Technical Analysis

GBPUSD Technical Analysis – Break or Bounce?

June 27, 2023

Throughout the previous week, we got many insights from various central bank speakers. The prevailing consensus is that awaiting additional data will help to assess …

Market Outlook - European Market

Australian Dollar Boosted by Soft US Dollar and Rosy China Outlook. Higher AUD/USD?

June 27, 2023

The Australian Dollar jumped on a weaker US Dollar undermined by lower Treasury yields and China looking to new efforts to provide impetus to its …

Central Banks

ECB’s Kazaks: Market bets on rate cuts in early 2024 are wrong

June 27, 2023

Sees rate hikes going past July as inflation remains too high Softness of the economy is unlikely to deal with inflation There are still strong …

Central Banks

There are 2 Bank of England Monetary Policy Committee speakers Tuesday – Dhingra, Tenreyro

June 27, 2023

0815 GMT/0415 US Eastern time: Bank of England Monetary Policy Committee member Swati Dhingra is speaking at the UK Women in Economics Network on “tools …

Central Banks

Reserve Bank of New Zealand’s monetary policy committee remit and charter renewed

June 27, 2023

New Zealand Finance Minister Grant Robertson: RBNZ monetary policy committee remit and charter renewed Only minor changes to the monetary policy framework MPC now required …

Central Banks

China State Banks seen intervening in USD/CNH – supporting the yuan

June 27, 2023

Newswires citing unnamed sources for the news: China’s state banks spotted selling dollars in offshore currency markets to prop up the yuan This article was …