Most Read: Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?The Bank of Japan is set to wrap up its March monetary policy meeting on Tuesday (Japan time, still Monday in NY). After recent media leaks, the institution led by Governor Kazuo Ueda...
UBS analyst neutral on US equities, but constructive on quality companies
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Reuters report that New Zealand Prime Minister Luxon intends visit to China
New Zealand’s previous Prime Minister Chris Hipkins visited China in mid-2023. Noob PM Chris Luxon says he'll visit too, in the months ahead.Luxon met with China’s Foreign Minister Wang Yi in New Zealand this week.Luxon has been invited to visit China, and the Chinese...
Australian weekly consumer confidence 81.7 (prior 82.2)
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It’s a close call, but not everyone expects the Bank of Japan to tighten policy today
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ICYMI (posted Monday) – Goldman Sachs predicts three Fed rate cuts in 2024
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Standard Chartered are forecasting Bitcoin to $150,000 in 2024
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Forexlive Americas FX news wrap 18 Mar: The FX market is quiet ahead of CB decisions
The US trading day started with all the major currency pairs (with the exception of the USDJPY) having less than 30 pip ranges. The day is ending with the GBPUSD, AUDUSD and NZDUSD all below 30 pips. The USDCAD did reach 31 pips. The USDJPY range was at 42 pips at the...
Japan to Exit Negative Interest Rates as BoJ Prepares Major Policy Shift
Coming up from the Bank of Japan today is their expected decision to exit negative interest rate policy, after eight years. There is no set time for the statement, there never is, but past experience shows to expect it sometime in the 0230 to 0330 GMT time window.This...
US equities stumble late but still post a strong day
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Economic calendar in Asia Tuesday, 19 March 2024 – BOJ and RBA day!
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Trade ideas thread – Tuesday, 19 March, insightful charts, technical analysis, ideas
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Immigration is explaining parts of the economy that were tough to make sense of
I've been thinking all day about the Goldman Sachs note on immigration in the US and what it means for monetary policy this year. It explains why jobs growth has been so resilient when the underlying economy has slowed.You can't sum it up any better than GS did.We...
Goldman Sachs: Analyzing the March FOMC meeting’s impact on USD
As the Federal Reserve prepares for its March FOMC meeting, Goldman Sachs forecasts that the committee is likely to maintain its cautious stance, with expectations for a rate cut postponed to June. This projection comes despite numerous changes since the last meeting,...
Bitcoin corrects higher and finds willing sellers against a key hourly moving average.
The price of bitcoin as a a lot of up-and-down action today. However, a pattern that arising is sellers leaning against or near its falling 100-hour moving average. The moving average currently comes in at $68,142 and is now a key bias-defining level for the digital...
White House: Deal for Gaza ceasefire has been more elusive than US hoped
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The dot plot is overrated but even the minute details will matter this time
In December, the Fed released a dot plot that showed 75 basis points is rate cuts in 2024. At the time, that seemed hawkish relative to the 150 bps the market was pricing in.Now it's the opposite. Markets are priced for 69 bps and when you take out roughly 15 bps in...
Housing affordability has cut into Canadian purchasing power in a big way – RBC
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Nvidia gives up gains ahead of today’s event
Jensen HuangShares of NVDA rose as high as $924 at the open today on enthusiasm for an Nvidia keynote from CEO Jensen Huang at its conference today. However those gains didn't last and shares are now trading flat on the day.NVDA dailyThe price action shows that it...
ECBs Centeno says cutting rate may help prevent a recession
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