Share: The Federal Reserve (Fed) released the July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) that “addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second quarter of 2023.” The survey
Share: Oil prices aim to deliver the biggest monthly close of the year as interest rates from global central banks will peak sooner. Overall demand for oil will remain upbeat in the US economy as fears of a recession fade. WTI prices delivered a breakout of the Descending Triangle chart pattern. West Texas
Share: Gold price falls back as Greenback swallows steroids amid US economic resilience. US Q2 GDP, demand for Durable Goods in June remained robust due to higher consumer spending. US recession fears fade significantly amid upbeat labor market conditions. Gold price (XAU/USD) recovers downside blip propelled by softer-than-anticipated United States Q2 Employment Cost index and
Share: Interest rate expectations are likely to continue driving the Gold price, strategists at Commerzbank report. US economic data should be a key driver of the Gold price The US economy grew by 2.4% on an annualised basis in the second quarter, and thus more sharply than expected. This means there is still
Atlanta Fed GDPNow growth est for Q3 starts at 3.5% The Atlanta Fed GDPNow model which forecasts growth for the quarter from published data has started its Q3 estimate at 3.5%. In their own words: The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is
The Fed is out with a report with some suggestions for banks in raising liquidity. Banks should ensure they are familiar with the pledging process for different collateral types and be aware that pre-pledging collateral can be useful if liquidity needs to arise quickly Banks should consider small value discount window transactions at regular intervals
> Dallas Fed June trimmed mean price index falls to 2.5% m/m annualized versus 3.2% prior The trimmed mean inflation index from the Dallas Fed Adam Button Friday, 28/07/2023 | 14:28 GMT-0 28/07/2023 | 14:28 GMT-0 Prior was 3.2% (revised to 3.5%) 6 month trimmed mean falls to 4.1% from 4.4% last month 12 month
US Dollar, USD/JPY, Japanese Yen, BoJ, Fed ECB, AUD/USD, RBA – Talking Points The US Dollar resumed strengthening today with volatility ticking higher The Bank of Japan let the word out early of an adjustment, then delivered Markets are now reassessing the path of global central bank tightening Recommended by Daniel McCarthy Get Your Free
© Reuters. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar extended losses on Thursday, a day after the Federal Reserve delivered what some expect to be its last rate hike, while the market’s focus shifted across the Atlantic
Gold, XAU/USD, Fed, Golden Cross – Market Update: Gold prices slightly higher in the aftermath of the Fed A Golden Cross is forming between key moving averages Is this a sign that further upside progress is in store? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices were left slightly higher in the
