On Thursday, the Central Bank of the Republic of Turkey kept its key interest rate unchanged at 9.00% as expected. Analysts from TD Securities continue to believe that dramatic rate hikes will be needed in 2023. Key Quotes: “The CBRT left the … [Continue reading]
When is the US November PCE Price Index and how could it affect EUR/USD?
US PCE Price Index Overview Friday's US economic docket highlights the release of the Personal Consumption Expenditure (PCE) Price Index, scheduled later during the early North American session at 13:30 GMT. The gauge is foreseen to rise by 0.3% in … [Continue reading]
France Producer Prices (MoM) registered at 1.2%, below expectations (2.4%) in November
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 … [Continue reading]
Bank of England deems crypto “too dangerous”, calls for regulations as market cap touches $770 billion
Bank of England’s deputy governor stated the central bank is looking forward to crypto regulation. Earlier last month, following the downfall of FTX, the deputy governor became more vocal about enacting regulations. The crypto market has barely moved … [Continue reading]
US President Biden: It’s going to take time to get inflation back to normal, we may see setbacks along the way
“Americans have been through a tough few years, but I am optimistic about our country’s economic prospects,” US President Joe Biden reflects on the state of the economy in an op-ed for Yahoo News during early Friday morning in Asia, late Thursday … [Continue reading]
GBP/USD bears move in and eye further downside towards 1.1900
GBP/USD broke out of a coil and there are eyes on a move towards 1.1900 and 1.1778 thereafter. US Dollar is in demand due to prospects of a higher for longer from the Fed in 2023. GBP/USD is pressured by a resurgence in the US dollar that … [Continue reading]
Türkiye: CBRT leaves one-week repo rate unchanged at 9%
The Central Bank of the Republic of Türkiye (CBRT) announced on Thursday that it left the policy, one-week repo, rate unchanged at 9% following the December policy meeting, as expected. Key takeaways from policy statement as summarized by … [Continue reading]
Sweden Retail Sales (YoY) came in at -6.3%, above expectations (-7.7%) in November
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 … [Continue reading]
GBP/USD grinds higher past 1.2100 ahead of UK/US GDP
GBP/USD recovers from three-week low amid broad US Dollar pullback. Upbeat UK CBI Retail Sales favor bulls but British medical worker’s strike probe Cable bulls. Softer Treasury yields, mixed US data probe USD ahead of US Q3 GDP. UK’s Q3 GDP is … [Continue reading]
NZD/USD Price Analysis: Bears in charge and eye 0.6250
DXY downside is playing into the hands of the bearish NZD/USD thesis. NZD/USD bears stay in control below the counter trendline. As explained in the prior analysis, NZD/USD Price Analysis: Bears eye a break of 0.6300, the bears now … [Continue reading]