Page 601 – Forex

PBOC is expected to set the USD/CNY reference rate at 7.1271 – Reuters model

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 …

By admin

December 4, 2023

Central Banks

UBS warns on rising central bank interest rates as inflation steps down

December 3, 2023

UBS have warned of central bank interest rates getting tighter despite European and US inflation numbers once again coming in lower than markets have been …

Central Banks

BOJ board member Noguchi said only a possibility the 2% inflation target is in sight

December 3, 2023

Bank of Japan policy board member Asahi Noguchi spoke over the weekend, with comments meant to convey there is no imminent policy pivot in sight: …

Cryptocurrency

Bitcoin nears $40,000 in solid weekend rally. ETF approval remains the catalyst

December 3, 2023

Enthusiasm is quietly building around bitcoin as risk trades improve and interest rates fall. Liquidity is improving and the industry appears to have cleaned up …

Central Banks

Week Ahead: Highlights include US jobs report; China CPI; RBA, BoC

December 3, 2023

MON: Rabobank Minutes (Dec); German Trade Balance (Oct), Swiss CPI (Nov), EZ Sen tix (Dec), US Factory Orders (Oct), Japanese CPI (Nov), Australian Final PMIs …

Forecasts

Euro (EUR) Forecast: EUR/USD, EUR/GBP Crumble as Rate Cut Talk Gets Louder

December 2, 2023

The Euro has sold off against a range of other currencies this week as expectations of an ECB rate cut grow and bond yields slump. …

Forecasts

Japanese Yen Weekly Forecast: The Yen Remains at the Mercy of External Factors

December 2, 2023

The Japanese Yen has made significant gains against the Euro and Greenback this week. The move was driven largely by Euro and USD fundamentals and …

Central Banks

The market-Fed reaction function has changed

December 1, 2023

This has gotten out of hand — The rate cut pricing just won’t stop. US 2s are down 15.6 bps to 4.55% and Fed funds …

Forecasts

British Pound Weekly Forecast: US Rate Views Will Drive, Uptrend Under Threat

December 1, 2023

The British Pound has been risen quite consistently against the United States Dollar since late September, but most of that has been a ‘Dollar weakness’ …

Central Banks

Powell Q&A: Inflation is still well-above target but moving in the right direction

December 1, 2023

We’ve been surprised on the upside this year with growth Inflation is still well-above target but moving in the right direction People who dropped out …

Sentiment

EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Nov 14, 2023 when EUR/USD traded near 1.09.

December 1, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading …