Page 750 – Forex

PBOC sets USD/ CNY reference rate for today at 7.1729 (vs. estimate at 7.3009)

The 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 …

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September 22, 2023

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.3009 – Reuters modelled estimate

September 22, 2023

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 …

Central Banks

ECB’s Lane: Inflation over 2% is costly for the economy

September 21, 2023

European Central Bank chief economist Lane spoke earlier: ECB’s Lane says transmission of monetary policy to the real economy is firmly taking hold Now in …

Central Banks

ECB’s Lane says transmission of monetary policy to the real economy is firmly taking hold

September 21, 2023

European Central Bank chief economist Lane: Sees staggered reset of prices and wages across the economy, a process which is ongoing. Dynamics of wages and …

Central Banks

Bank of Japan statement due today – previews – Ueda under pressure on weak yen

September 21, 2023

Preview comments via: Bank of Montreal: while Friday’s decision is widely expected to feature an unchanged policy stance, monetary policymakers in Tokyo have historically not …

Central Banks

ICYMI – Goldman Sachs pushes back expectation of first Fed rate cut to Q4 2024 (from Q2)

September 21, 2023

If you didn’t get the memo its ‘higher for longer’ for the Federal Reserve: Forexlive Americas FX news wrap 20 Sep: Fed keeps steady but …

Central Banks

JP Morgan expect Bank of England rate cycle over, but point out 2 risks to this view

September 21, 2023

The Bank of England held its benchmark steady at Thursday’s Monetary Policy Committee meeting: ForexLive European FX news wrap: SNB and BOE surprise by keeping …

Technical Analysis

WTI crude futures settle at $89.63

September 21, 2023

The price of WTI crude futures are settling at $89.63. That’s down $0.03 or -0.03%. Technically looking at the hourly chart above, the price settlement …

Technical Analysis

NZDUSD corrects higher off lower swing area today and test 4-hour MA levels

September 21, 2023

Like the AUDUSD, the NZDUSD has been mired in an up-and-down trading range for a number of weeks. Looking at the 4-hour chart below, the …

Sentiment

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Sep 14, 2023 10:00 GMT when France 40 traded near 7,344.90.

September 21, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian …

Central Banks

More from Bank of England’s Bailey: Good news that inflation in the UK is coming down

September 21, 2023

Bank of England’s Bailey is on the speaking circuit today after the central bank kept rates unchanged. His most recent comments have him saying: Good …