Author: FX

A brand-spankin’ new trading month means that we’ll hear another round of policy decisions from the major central banks! This week, we have the RBA and the BOC on tap plus a couple of closely watched reports from China and the U.S. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: RBA’s policy decision In its August decision, the Reserve Bank of Australia (RBA) surprised the markets by keeping its interest rates steady at 4.10%…

Can you believe it’s almost time for another RBA statement?! If you’re planning on trading this top-tier event, better read up on what analysts are expecting for the September decision. Event in Focus: Reserve Bank of Australia (RBA) Monetary Policy Statement When Will it Be Released: September 5, 2023 (Tuesday): 4:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: RBA to keep its interest rates steady at 4.10% for the fourth month in a row in September RBA’s statement may emphasize the need for further tightening under the appropriate conditions Relevant…

While the US and Canada are out on holiday today:the UK and Europe are open as normal. There are European Central Bank speakers on the agenda as follows:1330 GMT, 0930 US Eastern time: Speech by ECB President Christine Lagarde at the Distinguished Speakers Seminar organised by the European Economics & Financial Centre1400 GMT, 1000 US Eastern time: Chairing the panel “Independence, accountability and proportionality in the context of the ESCB’s secondary mandate” by ECB board member Philip Lane at the ECB Legal Conference 20231400 GMT, 1000 US Eastern time: Introductory statement by ECB board member Fabio Panetta at the Hearing…

Share: GBP/JPY stays defensive after two-day losing streak, bounces off one-week low. UK FinMin Hunt expects slower inflation despite September’s blip, challenging BoE rate hikes. Japan Monetary Base expands in August, suggesting need for hawkish BoJ. BoE Monetary Policy Report Hearings, Japan Q2 2023 GDP will be important for fresh impulse. GBP/JPY floats above 184.00 while struggling to defend the early-day rebound from a one-week low during Monday’s Asian session. In doing so, the cross-currency pair justifies the mixed headlines about the UK and Japan amid sluggish markets due to the US Labor Day holiday. “We are on…

Australian Dollar, AUD/USD, RBA, Lowe, Bullock, AU GDP, ASEAN, Range Trade – Talking PointsThe Australian Dollar bounced off some trend lines last weekThe RBA appears certain to be on hold tomorrow as the guard prepares to changeGDP data and China relationships may provide some impetus. Higher AUD/USD? Recommended by Daniel McCarthy How to Trade AUD/USD The Australian Dollar is steady near 0.6450 going into Monday’s trading session ahead of the Reserve Bank of Australia’s rate decision tomorrow and then GDP data on Wednesday.Tuesday’s RBA monetary policy committee meeting will be the last chaired by Governor Philip Lowe as he will…

© Reuters. FILE PHOTO: U.S. President Joe Biden shakes hands with Chinese President Xi Jinping as they meet on the sidelines of the G20 leaders’ summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque/File Photo By Jeff Mason REHOBOTH BEACH, Delaware (Reuters) – U.S. President Joe Biden said on Sunday that he was disappointed that Chinese President Xi Jinping was not attending the summit of G20 leaders in India, but added that he was going to “get to see him.” “I am disappointed … but I am going to get to see him,” Biden told reporters in Rehoboth Beach, Delaware,…

Trip.com Q2 2023 Earnings Preview Source link

General Secretary of the Chinese Communist Party, AKA Chinese President Xi, spoke over the weekend via video at the China International Fair for Trade in Services (CIFTIS) in Beijing.He didn’t speak in specifics, just that vague sort of promises we are accustomed to:China would widen market access in the service industry and promote cross-border services tradeChina would focus on expanding the domestic market, increasing imports of high-quality services and reforming the country’s basic data systemChina will promote the integrated development of high-end manufacturing and modern service industries Source link

3/3 © Reuters. Mauro Petrarca poses for a photo next to a memorial in honor of six men, including his great grandfather, who were hanged by the German army in 1943, in Fornelli, Italy, August 2, 2023. REUTERS/Crispian Balmer. The writing on the monument reads ‘Here in d 2/3 By Crispian Balmer FORNELLI, Italy (Reuters) – In October 1943, after the Nazis began a brutal occupation of their former ally, German troops hanged six Italian civilians on a hillside in southern Italy as collective punishment for the killing of a soldier, who had been foraging for food. Eighty years later,…

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 down the road.This pushed down Treasury yields, allowing anti-fiat gold to outperform. A key winner in the currency space was the sentiment-linked Australian and New Zealand Dollars. Gains in Wall Street, such as the Dow Jones and S&P 500, allowed the risk-sensitive currencies to outperform…