Page 823 – Forex

HSBC highlight two continuing headwinds that’ll drive the Chinese yuan even lower

HSBC say that CNY could face more headwinds from China’s persistent run of weak data and further widened yield disadvantage And that People’s Bank of …

By admin

August 17, 2023

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.3047 – Reuters estimate

August 17, 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

RBNZ Orr says Bank’s cash rate projections for next 2 years deviate little from 5.5%

August 16, 2023

Reserve Bank of New Zealand Governor Orr is speaking says the Bank has time to watch and wait (and worry!) on interest rates there are …

Central Banks

Barclays on what’s driving yen selling (spoiler: carry trade). And an intervention warning

August 16, 2023

Barclays analysts say their modelling indicates the recent decline is not explained by rates or equities, but it’s the resurgence of the carry trade that’s …

Cryptocurrency

Coinbase has been given approval to operate a futures trading service

August 16, 2023

Coinbase has been granted regulatory approval from the National Futures Association (NFA), a CFTC-designated self-regulatory organization, to introduce crypto futures to its US institutional customers. …

Central Banks

JP Morgan mulls corporate power, higher CPI, requires central banks re-start hiking cycle

August 16, 2023

Summary points of an extended piece from JP Morgan Global Economic Research on the ‘fate of the global expansion’. Global corporate profit gains slowed less …

Central Banks

Morgan Stanley says Fed Reserve Chair Powell will keep his options open at Jackson Hole

August 16, 2023

Global Chief Economist at Morgan Stanley Seth Carpenter on Federal Reserve Chair Powell at the Kansas City Jackson Hole gathering coming up. says Powell will …

Central Banks

RBNZ Governor Orr says he is confident that inflation pressure is lessening

August 16, 2023

Reserve Bank of New Zealand official, including Governor Orr and Chief Economis COnway are appearing before a parliamentary committee, parliament’s Finance and Expenditure Committee. Orr: …

Technical Analysis

AUDUSD can’t pick itself up off the lows. New lows for the year for the pair.

August 16, 2023

In an earlier video on the AUDUSD, I talked to the possibility of a bounce in the AUDUSD. The pair is oversold. The RSI was …

Central Banks

Summary of FOMC meeting: Most thought inflation risks could require additional rate hikes

August 16, 2023

The Federal Reserve meeting minutes of 4 the July 2023 meeting: Uncertainty of U.S. economic outlook remains elevated; future Federal Reserve policy decisions to be …

Technical Analysis

EURUSD looks to test the 61.8% retracement or the move up from the end of May low

August 16, 2023

The EURUSD is moving to a new session low and in the process is looking to test that 61.8% retracement of the move up from …