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The JPY is the strongest and the CHF is the weakest as the North American session begins.

July 7, 2023

The JPY is the strongest and the CHF is the weakest as the North American session begins.Overnight, Bank of Japan Deputy Governor Uchida, in an …

Central Banks

ECB’s de Guindos: Evolution of core inflation will be key to future policy decisions

July 7, 2023

What happens in September is an open question We need clear indications that inflation will converge to 2% target Services inflation is much more persistent …

Central Banks

ECB’s de Guindos: We will continue to follow a data-dependent approach

July 7, 2023

We are now beginning to see impact of rate hikes on parts of the economy Our job is not yet done While underlying price pressures …

Technical Analysis

USDCAD Technical Analysis – Waiting for the NFP report

July 7, 2023

The US data has been consistently surprising to the upside since the last FOMC meeting, and this has led to a more hawkish pricing in …

Technical Analysis

GBPUSD Technical Analysis – NFP in focus

July 7, 2023

The US economic data has been surprising to the upside since the last FOMC, and this has made the market to reprice interest rates expectations …

Central Banks

BOJ likely to hold off YCC tweak in July, says ex-central bank official

July 7, 2023

BOJ likely to keep its forecasts for 2024 and 2025 roughly unchanged That is a sign that it is not yet convinced that 2% inflation …

Central Banks

ECB’s Lagarde: We still have work to do to bring inflation back down to our target

July 7, 2023

The priority is to maintain price stability Inflation has started to decline A part of that is the initial impact of monetary policy decisions But …

Market Outlook

Crude Oil Holds the High Ground as US Jobs Data Lights Up. Higher WTI?

July 7, 2023

The crude oil price is scoping new highs as inventories drop and the US economy continues to track along at a clip with jobs data …

Central Banks

European Central Bank President Lagarde speaking Friday – Nagel, de Guindos also

July 7, 2023

European Central Bank speakers on the agenda for Friday, 7 July 2023. Nagel and de Guindos look the most likely to make market pertinent comments: …

Central Banks

Bank of England Monetary Policy Committee member Mann speaks Friday

July 7, 2023

Coming up at 1430 GMT/1030 US Eastern time: Bank of England interest rate policy setter Catherine Mann peaks in a panel discussion in New York …

Central Banks

Chinese investors rushing offshore to make USD deposits – putting yuan under more pressure

July 7, 2023

Reuters with the info on outflows from China: The outflows highlight deep-seated concern about the state of China’s economy as its much-awaited pandemic recovery stalls. …