Page 878 – Forex

PBOC sets USD/ CNY mid-point today at 7.1988 (vs. estimate at 7.3050)

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 …

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August 23, 2023

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.3050 – Reuters estimate

August 23, 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

UK Govt transferred over 14bn GBP to the BoE, largest transfer ever, to cover QE losses

August 22, 2023

The UK Treasury sent over 14.3bn GBP to the Bank of England in July, which is the biggest state transfer on record, to cover losses …

Central Banks

BoA see scope for USD resilience to continue, & Fed’s focus to shift from higher to longer

August 22, 2023

Bank of America analysts like the US dollar, saying they “see scope for the USD’s resilience to continue.” BoA make some useful points in the …

Central Banks

TD analysis: Powell’s speech at Jackson Hole – A shift in the Fed’s policy emphasis?

August 22, 2023

TD Securities anticipates Federal Reserve Chair Jerome Powell’s upcoming address at Jackson Hole, centered on the theme ‘Structural Shifts in the Global Economy’, to be …

Central Banks

Reserve Bank of New Zealand Chief Economist says is mindful of the fall in the NZ dollar

August 22, 2023

Comments crossing the news wires from the Chief Economist of the Reserve Bank of New Zealand: is mindful of the fall in NZD says would …

Technical Analysis

EURJPY rotates back down toward swing area support

August 22, 2023

The EURJPY moved above a swing area and ceiling area between 159.19 and 159.32 toward the end of yesterday and in the Asian-Pacific session today …

Market Outlook

Jackson Hole Preview: Where to Next for the Fed?

August 22, 2023

The Jackson Hole Economic Symposium will be in focus this week as interest rates, inflation and labor markets are likely to be key themes for …

Technical Analysis

USDJPY shifts back into more neutral area

August 22, 2023

The USDJPY high today in the Asian-Pacific session stalled against the high from yesterday and set a ceiling area between 146.299 and 146.40. Sellers took …

Technical Analysis

Nvidia is making bullish technical waves w/earnings around the corner. What next?

August 22, 2023

The shares of Nvidia are trading down currently after surging by over 8% yesterday and extending to a new all-time high today. The high price …

Central Banks

Fed’s Barkin says he won’t pre-judge the outcome of the Sept FOMC meeting

August 22, 2023

Consumer spending and economic strength make it possible US economy could re-accelerate before inflation cools If inflation remains high and demand gives ‘no signal’ it …