The People’s Bank of China (PBOC), China’s central bank, injected CNY6700 billion on Friday via the one-year Medium-term Lending Facility (MLF) rate of 2.0%. Meanwhile, the PBOC drained CNY780 billion from the economy. Market reaction As of writing, AUD/USD is struggling below 0.6650, losing 0.05% on the day. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD)…
Citi’s head of global wealth Andy Sieg spoke with CNBC: bullish U.S. equities expects rally after election uncertainty has gone “There’s going to be a relief rally that is most likely to happen. We saw it in 2016, we saw it in 2020” “… relief rally, it’s uncertainty leaving the market, being replaced by some certainty in terms of…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Bank of Japan (BoJ) Kazuo Ueda hit newswires late Thursday, noting that while BoJ policymakers remain hopeful for a soft landing economic scenarios, moves in the Yen market need to be watched closely. Key highlights Policymakers continue to see a good chance of a soft landing in the global economy, though some see divergence among countries When looking at…
The Bank of Japan is eyeing two elections. Firstly, this weekend in Japan: And secondly, the US election on November 5. MUFG caution that the Bank of Japan may veer away from intervention to support the yen ahead of the US election, reasoning that US dollars spent on propping up the yen would be wasted if Trump wins –…
European Central Bank (ECB) Governing Council Member Martins Kazaks noted late Thursday that the case for European interest rates is very likely on the lower side. The Bank of Latvia Governor also hinted that further moves on rates are likely in the ECB’s upcoming meetings. Key highlights Domestic price pressures are somewhat sticky. The path for interest rates is…
2024.10.24 2024.10.24 Euro Challenges: ECB Cuts and U.S. Political Landscape. Forecast as of 24.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The ranks of the doves at the European Central Bank are growing on the back of negative signals from the eurozone, which may provoke a large deposit rate by 50 basis points in December and sink EURUSD. Let’s discuss it and make a…
The euro is at the highs of the day as it rebounds following three days of selling. The gains are mostly driven by the US dollar slide as it retraces following a long run. Treasury yields are down today with US 10s lower by 5 bps to 4.19%. Zooming out further, the euro has dug itself into a big…
GBP/USD Price Forecast: Climbs on UK fiscal changes, stalls at 100-day SMA The Pound Sterling recovered some ground against the Greenback after UK GILTS yields jumped after Chancellor Reeves confirmed that a change to UK fiscal rules would help fund GBP 20 billion in investment. At the time of writing, the GBP/USD trade was 1.2974, up by 0.41%. Read More……