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MUFG: UK labour report and US CPI could impact BOE hiking path and GBP

September 11, 2023

MUFG discusses the high possibility that this week’s UK labor report and the US CPI data could influence market expectations surrounding the Bank of England’s …

Central Banks

Societe Generale: Will the ECB opt for a rate hike or a hawkish pause this week?

September 11, 2023

Societe Generale anticipates that the European Central Bank (ECB) will maintain a hawkish pause in its upcoming September policy meeting. The bank expects a rate …

Cryptocurrency

Bitcoin falls to the lowest since June

September 11, 2023

The risk mood is beginning to sour and an early tell was selling in bitcoin. The sales have accelerated in the past 15 minutes and …

Central Banks

BOE’s Mann: I would rather err on the side of over-tightening

September 11, 2023

If I am wrong and inflation and economy drop more significantly, I wouldn’t hesitate to cut rates It’s a risky bet that inflation expectations are …

Technical Analysis

Nasdaq Composite Technical Analysis – Downside risk is high

September 11, 2023

Last week the US data surprised to the upside with the ISM Services PMI and Jobless Claims beating expectations by a big margin. The market …

Technical Analysis

S&P 500 Technical Analysis – Watch this key support

September 11, 2023

Last week the US data surprised to the upside with the ISM Services PMI and Jobless Claims beating expectations by a big margin. The market …

Technical Analysis

Gold Technical Analysis – Stuck in a range

September 11, 2023

Gold is still stuck in a range as the economic data remains mixed. We got very strong economic releases in August that led to a …

Market Outlook - European Market

US Dollar on the Ropes with Yen Leading the Way. AUD, NZD and GBP Piled In

September 11, 2023

The US Dollar retreat kicked off on Monday after hawkish comments from BoJ Governor Ueda sent USD/JPY tumbling before the broader DXY (USD) index took …

Technical Analysis

Russell 2000 Technical Analysis – Key support in sight

September 11, 2023

Last week the US data surprised to the upside with the ISM Services PMI and Jobless Claims beating expectations by a big margin. The market …

Central Banks

Yuan exchange rate has solid basis to stay reasonably stable – PBOC

September 11, 2023

Yuan exchange rate has solid basis to stay reasonably stable at balanced levels Reaffirms pledge to take action to correct one-sided and pro-cyclical activities Will …

Central Banks

USD/JPY extending its earlier Ueda-led drop

September 11, 2023

Bank of Japan Governor Ueda gave an interview to Japanese media last week. Comments from the interview were published over the weekend. USD/JPY gapped lower …