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Technical Analysis

USDCHF Technical Analysis – The bears are watching a key level

July 26, 2023

The miss in the US CPI saw the US Dollar being sold off hard across the board as the market expected the end of the …

Market Outlook

Crude Oil Price Eases After Solid Rally as US Dollar Eyes the Fed Ahead. Higher WTI?

July 26, 2023

Crude oil dipped slightly to start Wednesday as the market looks to the Fed meeting later today for hints on the direction of the US …

Central Banks

Deutsche Bank expect European growth only a little above stagnation over next few quarters

July 26, 2023

On Tuesday the European Central Bank released its latest Bank Lending Survey. Deutsche Bank says its been keeping a close eye on lending standards for …

Central Banks

FOMC preview – “JPMorgan’s Trading Desk Sees Fed ‘Hike and Pause’ Lifting Stocks”

July 26, 2023

Bloomberg convey the info in a note from JP Morgan on FOMC scenarios: An interest-rate hike plus statements suggesting policymakers will hold off at their …

Central Banks

IMF warns of upside risk to Japan inflation, urges BOJ to start preparing for tightening

July 26, 2023

The International Monetary Fund’s chief economist Pierre-Olivier Gourinchas spoke on Tuesday, at a news conference held after the release of the IMF’s updated World Economic …

Central Banks

AUD – decline in inflation should be enough to keep the RBA on hold at their next meeting

July 26, 2023

The inflation data is here: Australian Q2 Headline CPI 0.8% q/q (vs. 1.0% expected) And AUD response: AUD/USD marked lower after better than expected (with …

Central Banks

AUD/USD marked lower after better than expected (with a caveat) inflation data

July 26, 2023

The data post is here: Australian Q2 Headline CPI 0.8% q/q (vs. 1.0% expected) Headline and trimmed mean core inflation both came in lower than …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.1295 (vs. estimate at 7.1341)

July 26, 2023

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 trade …

Central Banks

BlackRock says markets underestimate inflation’s persistence, Fed hike and hold rates high

July 26, 2023

BlackRock preview what they expect from the Federal Open Market Committee (FOMC) on Wednesday, 26 July 2023 and further ahead: “Central banks are set to …

Central Banks

Australian CPI data due today, preview – RBA will be comforted, no rate hike next week

July 26, 2023

ANZ’s preview of the data due today and the implications for the Reserve Bank of Australia policy meeting on August 1: We expect both headline …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1341 – Reuters estimate

July 26, 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 …