> Central Banks > WSJ Nick Timiraos: There is a lot of optimism on a soft landing. We are there right now. Central Banks WSJ Timiraos speaking on CNBC <!--> --> <!--> --> Nick Timiraos on CNBCThere's a lot of optimism on a soft landingBut there...
Bank of England Preview: GBP Hangs on by a Thread
POUND STERLING ANALYSIS & TALKING POINTSUK CPI throws a spanner in the works.BoE could go either way tomorrow.May swing low under threat at 1.2308. Recommended by Warren Venketas Get Your Free GBP Forecast Get My Guide GBPUSD FUNDAMENTAL BACKDROPThe British pound...
Dollar Demonstrates Resilience Once Again
Here's a riddle for adults: countries stop using it, analysts predict its decline and regression, but it continues to strengthen. What is it all about? If you answered the U.S. dollar, you are absolutely right.Despite the expressed plans by BRICS leaders to increase...
The NZD is the strongest and the GBP is the weakest as the NA session begins
The strongest to the weakest of the major currenciesAs the North American session begins, the NZD is the strongest and the GBP is the weakest. The FOMC rate decision will highlight the events later today with the expectation that the Federal Reserve will keep rates...
Ethereum Technical Analysis – Key levels in play
Ethereum continues to consolidate around a key support turned resistance maintaining a bearish bias as the uncertainty around the future outlook is now at its highest levels. On one hand, we have some resilience in the economies with the inflation rates slowly...
ForexLive European FX news wrap: Sterling falls as UK inflation eases
Headlines:Markets:NZD leads, GBP lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields down 2.2 bps to 4.344%Gold flat at $1,930.84WTI crude down 0.6% to $89.93Bitcoin down 0.3% to $27,089With the Fed in focus, markets were prepared a...
Make or break time for Treasuries as traders turn to the Fed for direction
If you only have one chart that you can watch in trying to make sense of the FOMC meeting decision later today, this would be my pick.US Treasury 10-year yields (%) daily chartDespite the Fed saying that they are in pause mode while looking to hold rates higher for...
US MBA mortgage applications w.e. 15 September +5.4% vs -0.8% prior
Prior -0.8%Market index 192.1 vs 182.2 priorPurchase index 147.0 vs 143.7 priorRefinance index 415.4 vs 367.0 prior30-year mortgage rate 7.31% vs 7.27% priorDespite a further rise in the average rate of the most popular US home loan, mortgage applications rose in the...
Bitcoin Technical Analysis – We are at a key trendline
Bitcoin might be stuck in a major range between the 25231 support and the 31044 resistance as the uncertainty around the future outlook is now at its highest levels. On one hand, we have some resilience in the economies with the inflation rates slowly normalising, but...
BOE likely to keep bank rate unchanged tomorrow – Goldman Sachs
The call comes after the softer inflation data here earlier today. At the time of writing, the odds of a rate hike have now fallen to ~41% as opposed to ~80% before we got the CPI report. At best, it now looks like the BOE is set for a one and done case scenario in...
ECB’s de Cos: Risks to inflation in the euro area are now balanced
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Copper Technical Analysis – We are at a key support
Copper continues to trade within a major triangle as the uncertainty around the global economy remains high. In fact, on one hand we have the Chinese trying to stimulate the economy with the recent economic indicators showing positive signs, while on the other hand,...
Dollar sits more mixed so far on the day
It's all about the Fed today and after the early moves on the UK CPI data, things are looking calmer in European morning trade. Equities are higher while bond yields are lower, leaving the dollar just slightly lower at the balance so far.EUR/USD is up 0.2% to 1.0695...
USDCHF Technical Analysis – Watch this key support
US:The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting.Fed Chair Powell reaffirmed their data dependency and kept all the options on the table.The US CPI last week came in line with expectations, so the market’s pricing remained...
FX option expiries for 20 September 10am New York cut
There aren't really any nearby significant expiries on the day, as seen above. There are some close-ish ones for GBP/USD and USD/CAD but given prevailing price action and the lack of technical significance, the expiries are not likely to have any pull in the sessions...
BofA revises higher S&P 500 year-end forecast by 7% to 4,600
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOE rate hike odds for this week now a near coin flip
It was roughly ~80% prior to the data and here's how the change looks on the OIS curve:Essentially, markets are pricing in just one more rate hike for this cycle by the BOE (implied rate currently at 5.18%). It was already the case before the CPI report but the latest...
WTI Crude Oil Technical Analysis – Time for a correction?
Crude Oil surged to new highs as the supply side got squeezed even more by resilient demand and more production cuts. In fact, the OPEC continues to forecast robust growth for oil demand in 2023 and 2024 while keeping supplies tight as Saudi Arabia and Russia extended...
Switzerland ups economic growth forecast for the year but revises lower 2024 projection
2023 GDP growth seen at +1.3% (previously +1.1%)2024 GDP growth seen at +1.2% (previously +1.5%)2023 CPI seen at +2.2% (previously +2.3%)2024 CPI seen at +1.9% (previously +1.5%)The government says that the global economy is likely to take longer to recover from the...
Market Update – September 20 – FED will stay on hold; Dot Plot, SEP are key
In a day that will be centred around the Fed’s deliberations this evening, and above all the quarterly economic projections, the new dot plot and Jerome Powell’s press conference, we start with China where the PBoC just now left its benchmark rates...