The BoE unexpectedly left the Bank Rate unchanged at last week’s meeting. The decision followed a surprise drop in headline inflation, which coupled with weaker than expected growth suggested that policy settings are now sufficiently restrictive to bring inflation down lastingly. Markets have trimmed expectations for peak rates in the UK substantially, and we see
Let’s get this out of the way first, although no Speaker has ever held the role without being a sitting member of Congress, its not a requirement. An outsider can be drafted in. Trump is getting some support from some Republican members, Marjorie Taylor Green among them, following the removal of Kevin McCarthy late on
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold 2-week drop at -5.3%, most since early July Retail traders keep increasing bullish exposure This continues to support a bearish contrarian bias Recommended by Daniel Dubrovsky Get Your Free Gold Forecast So far, over the past 2 weeks, gold prices have sunk about -5.3 percent.
RAND TALKING POINTS & ANALYSIS Hawkish Fed & poor local data weighs negatively on rand. Fed’s Bostic in focus later today. Possible ascending triangle breakout on USD/ZAR daily chart. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/ZAR FUNDAMENTAL BACKDROP The
Ask me how to get your Chat GPT for MT4, using your own API Key Benefits to Custom Chats using your own API Key Using your own API key for a service like OpenAI’s GPT-3 or GPT-4 provides several advantages and differences compared to using the publicly available version of the model: Increased Control and Customization:
© Reuters. FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo By Chuck Mikolajczak, Saqib Iqbal Ahmed and Lucy Raitano NEW YORK/LONDON/TOKYO (Reuters) -The yen strengthened sharply against the dollar on Tuesday, leading some market participants to
Share: The Reserve Bank of New Zealand is expected to keep the Official Cash Rate unchanged at 5.5% in October. The RBNZ, with little room for surprises, may offer little help to the weak NZD/USD currency pair. The New Zealand Dollar shows a bearish tilt against the US Dollar after being rejected from
Gold, Silver Analysis Recommended by Richard Snow Get Your Free Gold Forecast Higher Rates, Yields, USD and now More Job Openings too A shock surprise in US job openings data revealed that more than 9.6 million jobs in the US have gone abegging. The consensus estimate hinted at only 8.15 million as the job market
Last week’s decline in gold prices accelerated after the break of the current downtrend channel support. The last time Gold traded at such a low was six months ago, when the US regional banking crisis triggered an influx of buyers, pushing prices away from support around $1809. The biggest weekly loss in the last two
The announcement is coming at 0100 GMT, which is 2100 US Eastern time. The RBNZ is widely expected to leave its cash rate target on hold, but: The Reserve Bank of New Zealand is likely to want to see Q3 inflation data, which will be released on 16 October, and labour market data on the
