RBA will be comfortable holding rates steady next week – Wells Fargo

Share: Next week, the Reserve Bank of Australia (RBA) will announce its monetary policy decision. Analysts at Wells Fargo point out that due to clear signs of economic slowdown and indications of easing price pressures, they believe RBA policymakers will be comfortable maintaining the policy rate at 4.10%. Key Quotes:  While RBA policymakers

GBP/USD tanks below 1.2600 after US NFP and ISM PMIs data

Share: The Pound Sterling (GBP) slumped late in the New York session versus the Greenback (USD) as US Treasury bond yields rose and bolstered the USD, which is set to print its seven consecutive week printing gains. The GBP/USD hit a daily high of 1.2712 before reversing its course and diving toward the current exchange

Veloce To Deploy Vext On Polygon – Becoming First Decentralised Global Sporting Group

Veloce, the world’s leading digital racing media network, will be launching its Utility and Governance token, VEXT, on September 4th, 2023. VEXT will be launching exclusively on ByBit a top three global crypto exchange. Veloce has collaborated with Polygon Labs, an international software development company building Ethereum scaling architecture which facilitates swift, cost-effective, and secure

US Dollar, Gold, Crude Oil, AUD/USD, USD/CAD, RBA, BoC

Recommended by Daniel Dubrovsky How to Trade Gold The US Dollar broadly underperformed against its major counterparts this past week, with gold prices seeing a strong rally. A root cause of this was somewhat disappointing economic data from the world’s largest economy. That contributed to financial markets increasingly pricing in a less dovish Federal Reserve

China to cut banks’ FX reserve ratio to rein in yuan weakness By Reuters

© Reuters. FILE PHOTO: The headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File Photo SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year,

United Kingdom CFTC GBP NC Net Positions fell from previous £59.1K to £48.4K

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

Weekly Market Recap (28-01 September)

Monday: BoJ Governor Ueda spoke on the weekend at the Jackson Hole Symposium and leant again on the dovish side: We think that underlying inflation is still a bit below our target. This is why we are sticking with our current monetary easing framework. BoJ Governor Ueda China halved the stamp duty on stock trading