The Bank of Mexico chose to keep its highest benchmark policy rate at 11.25%, as expected, at its November 2023 meeting. This decision, the fifth consecutive pause, follows a series of 15 rate hikes since June 2021. Although annual headline inflation eased slightly in October to 4.26% from 4.45% in September, it remains high. Inflation
Fitch and S&P have already downgraded the US and now Moody’s has taken a step in that direction. The credit ratings agency maintained the USA’s top Aaa rating but changed its outlook to ‘negative’. Downside risks to the US’ fiscal strengths have increased and may no longer be fully offset by the sovereign unique credit
USD/JPY News and Analysis Recommended by Richard Snow Get Your Free JPY Forecast Raised BoJ Inflation Forecasts and Yield Curve Tweaks Lay Groundwork for Policy Pivot Minutes from the BoJ’s October meeting acknowledged that current conditions are making progress towards sustainably achieving the 2% inflation target. The updated October forecast raised the level of inflation
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© Reuters. In a notable financial update, India’s foreign exchange (forex) reserves have surged by $4.672 billion, reaching a seven-week peak of $590.783 billion for the week ending on November 3. This increase was highlighted in Mumbai on November 10 by a syndicated news feed and comes after the Reserve Bank of India (RBI) reported
Share: HSBC hands TSLA stock a Reduce rating and price target of $146. Tesla stock is consolidating right on top of $210 support level. HSBC analyst says too much of Tesla growth story comes at end of decade. President Joe Biden supports UAW attempt to unionize Tesla factories. Tesla (TSLA) stock moved
AUD/USD News and Analysis RBA struggling to judge inflation risks as the RBA restarts hikes for second time AUD/USD continues to move lower after rate hike was largely priced in Futures market anticipates no rate cuts next year with potential for one more hike The analysis in this article makes use of chart patterns and
With inflation coming down and growth indicators flashing recession risks, ECB officials are walking a fine line between trying to keep rate cut expectations under control and dampening fears that restrictive policies will hurt the labour market and overall growth. Under the ECB’s mandate, fighting inflation has priority, however, and that means economic weakness alone
The USDCHF is higher on the week, but the price action has been up and down, especially over the last 4 trading days. Technically, the price has been moving above and below technical levels like the: 200-day moving average currently at 0.8999, 100-hour moving average currently at 0.9044, and the 50% midpoint of the move
USD/CAD PRICE, CHARTS AND ANALYSIS: Hawkish BoC Fails to Inspire CAD Bulls. A Rebound in Oil Today has Failed to Spark USDCAD into life, Will Fedspeak do the Trick? Taking a look at the IG client Sentiment Data and we can see that Retail Traders are Currently Net-SHORT with 72% of Traders Holding Short Positions.
