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ECBs Knot: Does not expect a rate hike at next policy meeting

September 21, 2023

ECBs Knot is now weighing in. He says: Does not expect a rate hike at next policy meeting comfortable with current interest rates ECB will …

Central Banks

BOE Bailey: The jobs not done yet

September 21, 2023

BOE’s Bailey is chirping after the central bank kept rates unchanged: The jobs not done yet Not predicting what next bank rate move will be …

Central Banks

ECBs Wunsch: Whether we need to do more or not is a very difficult question

September 21, 2023

ECBs Wunsch speaking at a Reuters global markets forum says: Whether we need to do more or not is a very difficult question. Have greater …

Central Banks

ECB’s Vujcic: As prices ease, 4% rates will be more restrictive

September 21, 2023

ECBs Vujcic is on the wires saying: As prices ease, the 4% rate will be more restrictive If outlook holds won’t need any more rate …

Technical Analysis

The JPY is the strongest and the CHF is the weakest as the NA session begins

September 21, 2023

The JPY is the strongest and the CHF is the weakest as the NA session begins. The USD is stronger. Those are what the numbers …

Technical Analysis

Nasdaq Composite Technical Analysis – Key support in sight

September 21, 2023

Yesterday, the Fed left interest rates unchanged at 5.25-5.50% as expected but revised its outlook on the more hawkish side. In fact, the Fed not …

Central Banks

BOE’s Bailey: Inflation is falling and we expect it to fall further this year

September 21, 2023

That is welcome news Previous rate hikes are working but inflation is still not where it needs to be There is absolutely no room for …

Sentiment

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since May 04, 2023 when EUR/GBP traded near 0.88.

September 21, 2023

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

Central Banks

BOE leaves bank rate unchanged at 5.25% vs 5.50% expected

September 21, 2023

Prior 5.25% Bank rate vote 4-5 vs 8-1 expected (Bailey, Broadbent, Dhingra, Pill, Ramsden vote to hold) Underlying growth in the 2H 2023 is likely …

Technical Analysis

Dow Jones Technical Analysis – Watch out for the breakout

September 21, 2023

Yesterday, the Fed left interest rates unchanged at 5.25-5.50% as expected but revised its outlook on the more hawkish side. In fact, the Fed not …

Technical Analysis

Gold Technical Analysis – Watch out for the data

September 21, 2023

Gold continues to range as the uncertainty in the market remains at the highest level. In fact, we continue to see selloffs on good data …