admin – Page 996 – Forex

PBOC sets USD/ CNY reference rate for today at 7.2046 (vs. estimate at 7.2386)

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 …

Federal Open Market Committee (FOMC) minutes are due this week – guide to July decision?

The minutes of the June Federal Reserve FOMC meeting are due on Wednesday July 4 at 2pm US Eastern time, 1800 GMT. Preview thoughts, in …

ICYMI: Japan was removed from the US Treasury semi-annual currency manipulation list

Posting this as a reminder from back in the middle of last month: Treasury semi-annual currency report says no major US trading partners manipulated FX …

PBOC is expected to set the USD/CNY reference rate at 7.2386 – Reuters estimate

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 …

RBA preview – In May and June the Bank surprised with rate hikes … “here we go again”

The Reserve Bank of Australia monetary policy decision and statement is due on Tuesday, 4 July 2023 at 2.30pm Sydnay time 0430 GMT 0030 US …

Goldman Sachs have cut their US inflation forecast for this year

Goldman Sachs has affirmed they continue to expect US core inflation to decline in 2023: we continue to believe that core PCE inflation will fall …

Forecasts

Bitcoin Looking to Shrug Off Regulatory Concerns and Push Even Higher

Bitcoin is entering the third quarter of the year on the front foot and is looking to print a new yearly high after rallying sharply …

Economic calendar in Asia Tuesday, 4 July 2023, RBA day!

It’s a ‘live’ Reserve Bank of Australia meeting today, a hold or a +25bp rate hike is the question! Previews posted already: ANZ still expect …

Technical Analysis

GBPUSD trades above and below 100/200 hour MAs

The GBPUSD is trading above and below the 100 and 200-hour MAs with the 100-hour MA at 1.26705 and the 200-hour MA at 1.27015. The …

Technical Analysis

AUDUSD traders using moving averages to define boundaries today

Traders in the AUDUSD are using moving averages on the top and bottom sides to define the boundaries today. Looking at the chart below, the …

Technical Analysis

What is key technically for the USDJPY as the new week begins

It is a holiday in Canada and a semi-holiday in the US (although all markets are open) as the 4th of July holiday is looming …