Central Banks

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)

PBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 01:15 GMT-0
25/04/2024 | 01:15 GMT-0

PBOC is expected to set the USD/CNY reference rate at 7.2472 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.2472 – Reuters estimate

  • The rate the Bank sets will likely be on the 7.10 big figure
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:53 GMT-0
25/04/2024 | 00:53 GMT-0

The pace of the drop in the JPY not particularly alarming for the BOJ at this point

The pace of the drop in the JPY not particularly alarming for the BOJ at this point

  • Forget about sand lines.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:52 GMT-0
25/04/2024 | 00:52 GMT-0

Japan finance minister Suzuki says he won't comment on FX levels

Japan finance minister Suzuki says he won't comment on FX levels

  • Open mouth policy continues from Suzuki
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:32 GMT-0
25/04/2024 | 00:32 GMT-0

Potential Bank of Japan yen intervention on Friday: USD/JPY on the radar

Potential Bank of Japan yen intervention on Friday: USD/JPY on the radar

  • There are similarities with past interventions post meetings with G-7 counterparts and US officials.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:27 GMT-0
25/04/2024 | 00:27 GMT-0

Australia's inflation nightmare - Australia's inflation rate is the highest globally

Australia's inflation nightmare - Australia's inflation rate is the highest globally

  • The Reserve Bank of Australia is like a 'roo in the headlights
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 23:41 GMT-0
24/04/2024 | 23:41 GMT-0
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easyMarkets
Thursday, 25/04/2024 | 07:34 GMT-0
25/04/2024 | 07:34 GMT-0

US data focus for Monday - Q1 advance GDP - the range of expectations to watch (and why)

US data focus for Monday - Q1 advance GDP - the range of expectations to watch (and why)

  • Knowledge of these ranges is important for traders
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 22:36 GMT-0
24/04/2024 | 22:36 GMT-0

Czech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meeting

Czech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meeting

  • But does warn of services inflation
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 22:13 GMT-0
24/04/2024 | 22:13 GMT-0
NZDUSD holds resistance against 50% retracement this week and rotates lower. What next?

BOA predicts USD/JPY surge to 160 as BoJ stands helpless

BOA predicts USD/JPY surge to 160 as BoJ stands helpless

  • Bank of America warns USD/JPY could reach 160 quickly as the Bank of Japan struggles to control the upswing.
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 21:04 GMT-0
24/04/2024 | 21:04 GMT-0

BOC Minutes: Agreed taht any monetary policy easing would probably be gradual

BOC Minutes: Agreed taht any monetary policy easing would probably be gradual

  • Highlights of the minutes of the BOC meeting
Adam Button
Adam Button
Wednesday, 24/04/2024 | 17:34 GMT-0
24/04/2024 | 17:34 GMT-0

Retail sales keep Bank of Canada on track to cut rates in June - CIBC

Retail sales keep Bank of Canada on track to cut rates in June - CIBC

  • CIBC highlights today's retail sales report
Adam Button
Adam Button
Wednesday, 24/04/2024 | 13:59 GMT-0
24/04/2024 | 13:59 GMT-0

ECB's Nagel: June rate cut not necessarily followed up by a series of rate cuts

ECB's Nagel: June rate cut not necessarily followed up by a series of rate cuts

  • Remarks by ECB hawk, Joachim Nagel
Justin Low
Justin Low
Wednesday, 24/04/2024 | 07:13 GMT-0
24/04/2024 | 07:13 GMT-0
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FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

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FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

  • Inflationary pressures make gold more attractive as a hedge against currency devaluation.
FBS
Wednesday, 24/04/2024 | 11:29 GMT-0
24/04/2024 | 11:29 GMT-0

Why the stronger yuan might prompt a PBOC rate cut

Why the stronger yuan might prompt a PBOC rate cut

  • The CNY is strengthening, just not against the US dollar
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 03:27 GMT-0
24/04/2024 | 03:27 GMT-0

European Central Bank speakers Wednesday include Schnabel

European Central Bank speakers Wednesday include Schnabel

  • This set of speeches looks unlikely to contain information of relevance to traders
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 03:13 GMT-0
24/04/2024 | 03:13 GMT-0

Australia- inflation a bit higher than expected, RBA on hold

Australia- inflation a bit higher than expected, RBA on hold

  • Westpac on the inflation data and what it means for the Reserve Bank of Australia
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 02:47 GMT-0
24/04/2024 | 02:47 GMT-0

4 reasons why the RBA may be the last major central bank to cut rates

4 reasons why the RBA may be the last major central bank to cut rates

  • Ugly CPI data is just the beginning
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 02:28 GMT-0
24/04/2024 | 02:28 GMT-0

AUD/USD jumped above 0.6500 on higher than forecast inflation data for Q1 of 2024

AUD/USD jumped above 0.6500 on higher than forecast inflation data for Q1 of 2024

  • 2024 Reserve Bank of Australia rate cuts are now very much in doubt
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 01:48 GMT-0
24/04/2024 | 01:48 GMT-0

PBOC sets USD/ CNY mid-point today at 7.1048 (vs. estimate at 7.2363)

PBOC sets USD/ CNY mid-point today at 7.1048 (vs. estimate at 7.2363)

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 01:15 GMT-0
24/04/2024 | 01:15 GMT-0
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Animus Webs
Thursday, 04/04/2024 | 08:19 GMT-0
04/04/2024 | 08:19 GMT-0

Under half of analysts expect a BoE rate cut in June

Under half of analysts expect a BoE rate cut in June

  • Reuters poll, 31 of 63 look for a June Bank of England rate cut
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 01:10 GMT-0
24/04/2024 | 01:10 GMT-0

About 70% of companies in Japan will implement pay-scale increases in fiscal 2024

About 70% of companies in Japan will implement pay-scale increases in fiscal 2024

  • Findings from a Ministry of Finance survey in Japan
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 00:51 GMT-0
24/04/2024 | 00:51 GMT-0

Bank of Japan meeting this week - preview

Bank of Japan meeting this week - preview

  • No change in policy is expected, but forecasts will be updated
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 00:30 GMT-0
24/04/2024 | 00:30 GMT-0

PBOC is expected to set the USD/CNY reference rate at 7.2363 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.2363 – Reuters estimate

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 00:16 GMT-0
24/04/2024 | 00:16 GMT-0
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