admin – Page 984

Crude Oil Dips After Large Gains as US Dollar Finds Firmer Footing. Lower WTI?

July 10, 2023

The crude oil price eased a touch today as it remains trapped in a range with soft Chinese data and Madame Secretary Yellen not ruling …

Central Banks

Federal Reserve speakers Monday include Barr, Daly, Mester and Bostic

July 10, 2023

It looks like Daly and Mester, scheduled to speak at the same time, are most likely to be making remarks pertinent to traders given the …

Central Banks

Bank of England Governor Bailey speaking Monday evening UK time

July 10, 2023

1900 GMT/1500 US Eastern time: Bank of England Governor Andrew Bailey and finance minister Jeremy Hunt will be speaking at the annual Mansion House dinner …

Central Banks

MUFG expect no policy tweak from the BOJ until the October meeting

July 10, 2023

The Bank of Japan meets on July 27 and 28. MUFG is not expecting any policy change or tweak to YCC at this meeting. But …

Central Banks

RBNZ meet this week, on hold decision widely expected – preview

July 10, 2023

The Reserve Bank of New Zealand statement is due at 2pm New Zealand time on Wednesday July 12: which is 0200 GMT and 10 pm …

Market Outlook - Asian Market

Asia Day Ahead: US Job Report Brings Cautious Start to the Week

July 10, 2023

Major US indices failed to retain its initial gains in the aftermath of the US June jobs report last week, with a mid-day sell-off on …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1926 (vs. estimate at 7.2132)

July 10, 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

RBC forecast the Federal Open Market Committee (FOMC) to raise Fed Funds rate 25bp in July

July 10, 2023

An unsurprising assessment from RBC Economics on the US data on Friday. The data links are in this post ICYMI: Forexlive Americas FX news wrap: …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2132 – Reuters estimate

July 10, 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 …

Central Banks

Reserve Bank of Australia loses another senior official – Assistant Governor Luci Ellis

July 9, 2023

Luci Ellis was the Assistant Governor (Economic) at the Reserve Bank of Australia, a position she held since December 2016. Ellis is jumping to the …

Central Banks

Nomura have 3 reasons to be long USD/CAD, target is 1.37

July 9, 2023

Nomura on the factors they believe will exert downward pressure on the Canadian Dollar (CAD). And discusses their long position on USD/CAD. Factors Exerting Downward …