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

July 5, 2023

The JPY is the strongest and the CAD is the weakest as the North American session begins. The USD is mostly higher as traders return …

Central Banks

ECB’s Visco: I don’t agree with idea of tightening too much over tightening too little

July 5, 2023

That’s as clear a message that he does not support the idea of a rate hike beyond July (or maybe even the July move itself). …

Central Banks

ECB’s Visco: More rate hikes is not the only way to curb inflation

July 5, 2023

Can also aim to maintain rates adequately high for a sufficient period of time Rate decision is taken on a meeting by meeting basis, depending …

Analyst Picks

Descending Triangle Unfolding on EUR/USD

July 5, 2023

The euro is testing key support and may breakdown further should fundamentals align with the bearish technical chart signals. Source

Central Banks

ECB’s Nagel: Interest rates must rise further

July 5, 2023

Too early to say how far Wary of proclaiming a new era of high interest rates Price stability won’t come about by itself While hawkish, …

Market Outlook

Crude Oil Range Bound Ahead of OPEC+ Gathering and FOMC Minutes

July 5, 2023

Crude oil prices appear somewhat in flux as traders look to today’s OPEC+ gathering that could see some market-moving headlines. The Fed’s FOMC meeting minutes …

Central Banks

Singapore’s central bank head says fight against inflation not over yet

July 5, 2023

Managing Director of the Monetary Authority of Singapore (MAS) Menon says the fight against inflation is not yet over. Comments from Menon and the MAS’ …

Central Banks

European Central Bank speakers on Wednesday, 5 July 2023 include Villeroy, de Cos

July 5, 2023

Members of the European Central Bank Governing Council coming up later include: 1100 GMT/0700 US Eastern time: French central bank head Francois Villeroy de Galhau …