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EURUSD 10 m What’s priced in for the ECB ahead of today’s speech from President Christine Lagarde and her 3 pm ET speech? The market is priced 50/50 for whether there will be a hike on September 14 and that rises to above 70% for the October meeting and then fades in 2024. I wrote
Share: EUR/JPY consolidates within the 157.00/158.50 range, with an upward bias influenced by ECB President Christine Lagarde’s hawkish tone on inflation. Technical indicators suggest a new trading range could form if the pair falls below 157.00, with key levels at August 3 low of 155.53 and August 23 low of 156.87. A breach
The price of WTI crude oil futures are settling at $79.83. That’s up $0.78 or 0.99%. For the week, the price-1.03% or $-0.87 (at current levels). It is the 2nd consecutive week to the downside after last week’s decline of -3.04%. Crude oil Looking at the chart above, at the lows this week, the price
Share: European Central Bank (ECB) President Christine Lagarde stated on Friday that critical inflation expectations remain anchored at 2%. She emphasized the importance of these expectations and expressed confidence that inflation numbers would look different by the end of the current year. During an interview with Bloomberg TV, Lagarde mentioned that they would
Today’s trading has been a journey as the market tries to sort out the economy and the bond market. Treasury yields are still higher on the day but have been reeled in from earlier levels. US 10-year yields are up just 0.2 bps on the day to 4.23% from a high of 4.28% after Powell.
Share: GBP/JPY rose near 184.15, but further downside may be on the horizon as bullish momentum wanes. Japan reported soft inflation figures from July. Eyes on Ueda’s and BoE’s official speeches on Saturday. At the end of the week, the GBP/JPY slightly advanced, tallying a 0.50% weekly loss. Inflation figures from July from
Energy transition and climate change is triggering profound transformations in energy markets We are seeing profound changes in the labour market and the nature of work If we face both higher investment needs and greater supply constraints, we are likely to see stronger price pressures We need to set rates at sufficiently restrictive levels for
Share: The EUR/USD fell below the 200-day SMA of 1.0800 towards the 1.0795 area to close the week. The Euro tallied a fourth consecutive weekly loss against the USD. The cautious stance by Christine Lagarde at the Jackson Hole Symposium weakens the Euro. In Friday’s session, the EUR/USD bears broke through the 200-day Simple
Mon: Australian Retail Sales (Jul) Tue: NBH Announcement, German GfK Consumer Sentiment (Sep), US CaseShiller (Jun) and JOLTS (Jul) Wed: Australian CPI (Jul), Spanish Flash CPI (Aug), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US ADP National Employment (Aug) Thu: ECB Minutes, Japanese Retail Sales (Jul), Chinese Official PMI (Aug), German Retail Sales
