PBOC conducts one-year Medium-term Lending Facility for CNY700 bn at 2.0%

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)…

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Post US election relief rally for stocks is coming (Citi)

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…

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Japan election this weekend, LDP might lose out, need support from other parties to govern

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…

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Policymakers see a good chance of a soft landing

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…

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The path for rates is clearly down

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…

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ECB Cuts and U.S. Political Landscape. Forecast as of 24.10.2024

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…

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GBP/USD climbs on UK fiscal changes, stalls at 100-day SMA

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……

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