Page 607 – Forex

Reserve Bank of New Zealand hints at possible tightening to control inflation. NZDUSD up.

The Reserve Bank of New Zealand’s decision to maintain interest rates at 5.5% was anticipated, but their stance leaned towards the hawkish side. They didn’t …

By admin

November 29, 2023

Technical Analysis

USDCHF test support and bounces back, boosting the dip buying traders confidence

November 29, 2023

In my recent video analysis of USDCHF (CLICK HERE), I discussed the pair’s movement below the crucial 61.8% Fibonacci retracement level at 0.88186, coinciding with …

Technical Analysis

GBPUSD reverses a key retracement level, potential for further downside

November 29, 2023

The GBPUSD moved above the next upside target at the 61.8% retracement of the move down from the July 2023 high. That level came in …

Central Banks

The bumpy path to achieving 2% inflation: Insights from Fed’s Bostic

November 29, 2023

Bostic expects the downward trajectory of inflation to continue. He anticipates a slowdown in economic activity in the upcoming months. Bostic acknowledges that tighter monetary …

Technical Analysis

USDJPY falls below 100-day MA, Investors eyeing 148.00 now. Sellers had their shot

November 29, 2023

The USDJPY fell in the Asian session in the process extended below the low price from last week at 147.14 and then the 100-day moving …

Technical Analysis

EURUSD weakens as German CPI disappoints, paving the way for EU CPI data tomorrow

November 29, 2023

The German preliminary CPI data released today was weaker than anticipated, showing a -0.4% decline compared to the expected -0.1%. On a year-on-year basis, it …

Technical Analysis

The NZD is the strongest and the AUD is the weakest as the NA session begins

November 29, 2023

As a North American session begins, the NZD and the AUD is the weakest.The USD is mixed with modest changes with the exception of a …

Central Banks

BOE’s Bailey: We are not in a place now to be discussing interest rate cuts

November 29, 2023

That (the discussion) is not happening We have not seen enough evidence of inflation moving to 2% yet to be confident Well, either way markets …

Central Banks

ECB’s de Guindos: Our objective is to bring inflation back to 2% target

November 29, 2023

Rate hikes are both for borrowers and savers That is part of our monetary policy transmission If savings become more attractive, consumers will spend less, …

Central Banks

BOJ’s Adachi: Difficult to end negative rates until positive wage-inflation cycle begins

November 29, 2023

Positive wage-inflation cycle has not happened yet But if chances of it happening increases, then we can start discussing exit strategy Don’t need to necessarily …

Central Banks

BOJ’s Adachi says any big policy decision will have to wait until next year’s wage talks

November 29, 2023

Will probably need to wait until the start of the next fiscal year in determining wage talks outcome The outcome will be crucial in making …