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USDCHF Technical Analysis – Watch this key support

September 20, 2023

US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and …

Technical Analysis

WTI Crude Oil Technical Analysis – Time for a correction?

September 20, 2023

Crude Oil surged to new highs as the supply side got squeezed even more by resilient demand and more production cuts. In fact, the OPEC …

Technical Analysis

GBPJPY Technical Analysis – Breakout or Fakeout?

September 20, 2023

UK: The BoE hiked by 25 bps as expected at the last meeting. The central bank seems to be leaning more on the less hawkish …

Central Banks

PBoC official says there is a solid foundation to keep yuan exchange rate basically stable

September 20, 2023

Comments from a People’s Bank of China official at this press conference: China’s NDRC Vice Chair: macro polices effective, still challenges, striving to hit target …

Central Banks

UK CPI data is due Wednesday, 20 September 2023 – danger of higher than expected?

September 20, 2023

Hot on the heels of the higher than expected Canadian CPI comes UK data later today; Canada August CPI 4.0% versus 3.8% expected For the …

Market Outlook - Asian Market

Asia Day Ahead: Sentiments on hold for Fed meeting, China’s loan prime rate in focus

September 20, 2023

Further de-risking took hold of Wall Street, as the usual caution persisted ahead of the FOMC meeting. Treasury yields resumed their ascent to retest their …

Central Banks

Heads up for a PBOC press conference coming up at 0200 GMT (10pm US Eastern time)

September 20, 2023

The news conference will be focused on China’s economic state at present. You can expect plenty of upbeat promises if experience is anything to go …

Central Banks

Fed ‘insider’ Timiraos previews the FOMC meeting, rates and peak forecast to be unchanged

September 20, 2023

The Wall Street Journal article is gated. Nick Timiraos says this is likely to be the first FOMC meeting of the current hiking cycle where …

Cryptocurrency

Guilty plea on charges of misappropriating funds from investors promised big crypto return

September 20, 2023

News crossing of a guilty plea from a former investment banker who was charged in April with misappropriating funds from investors he wooed with promises …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.1732 (vs. estimate at 7.2926)

September 20, 2023

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2926 – Reuters estimate

September 20, 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 …