From China so far today: Buried in amongst that lot (the reference rate post) is the news of another rate cut from the Bank: PBOC sets 14 day RR rate at 1.95% vs. 2.15% previously we haven’t had a 14-dayer in many months Still on the way from China is the economic data for August:
Japanese Yen Prices, Charts, and Analysis USD/JPY – The short-term high may already be in place. EUR/JPY – UK jobs and growth data will likely drive this pair. Bank of Japan (BoJ) – Foreign Exchange Market Intervention The Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the
Share: PLN crumbling on the back of too-soon rate cut from Polish central bank. USD/PLN soaring to five-month highs as market punish Zloty. PNB Governor Glapinski accused of political manipulation ahead of bitter general election. The Polish Zloty (PLN) has plunged in value on the back of an unexpected rate cut from the
Will the ECB get to 4.00%? The Sept 14 meeting is the highlight of next week’s economic calendar and all week we’ve been getting a pushback from the hawks. It started with Knot on Monday and followed up by Kazimir on Wednesday. MNI reports that hawks will push hard for a 25 bps hike this
Share: The USD/CLP is breaching into significant highs as the Chilean Peso crumbles. CLP down significantly as the Chilean central bank starts to axe interest rates in the face of evaporating inflation. Market economists expect the Banco Central de Chile expected to begin making 100-point rate cuts in the coming months. The Chilean
Share: Gold price discovers support as Fed policymakers see no interest-rate increase in September. The USD Index hovers near 105.00, preparing for a fresh upside amid the risk-off mood. Fed’s Goolsbee said the central bank is aiming to push the economy on a “golden path”. Gold price (XAU/USD) extends recovery as Federal Reserve (Fed)
Uncertainty Around ECB Rate Meeting Highlights EUR/USD, US CPI to Keep the Dollar Bid? لینک منبع : هوشمند نیوز
EUR/USD ANALYSIS EUR struggles to capitalize on recent Fed speak. US CPI and ECB rate decision the key risk events for next week. Falling wedge breakout could bring some hope for euro bulls. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROP The euro is back on the defensive this Friday after
Share: Polish central bank cuts interest rates deeper than expected, draws criticisms. Politics appear to be influencing central bank action rather than the economy. Polish inflation is still in double-digit territory despite recent declines. The USD/PLN is pushing higher following an interest rate cut from the National Bank of Poland (NBP), sending the
Share: The Pound Sterling faces significant pressure as the BoE appears to be reluctant to raise interest rates further. BoE Swati Dhingra said that the current interest rate policy is sufficiently restrictive. The UK services sector shrinks after six months of expansion as consumer spending weakens. The Pound Sterling (GBP) cracked significantly amid
