Being boring key to central bank success says SNB's Jordan
Central banking is not boring, although being prepared to carry the label is perhaps the key to success, departing Swiss National Bank Chairman Thomas Jordan said on Saturday.
Sat, 27 Jul 2024 00:40:25 -0400
Markets Weekly Outlook: Central Banks and US Earnings. Will BoJ Hike Rates?
A tumultuous week for global markets fraught with risk, volatility and a whole lot of opportunity is drawing to a close. The tech selloff in US Megacap tech stocks accelerated in the early part of the week, compounded by concerns around growth in China.
Fri, 26 Jul 2024 22:02:17 -0400
The Weekly Bottom Line: All Eyes on Next Week's Fed Meeting
With the second half of the year now well under way, data this week showed a fairly Goldilocks outcome for the U.S. economy. Growth momentum coming out of the first half of the year was broadly favorable, while at the same time, inflationary pressures are cooling.
Fri, 26 Jul 2024 21:58:16 -0400
Yellen says Japan explained 2022 FX intervention, Nikkei reports
U.S. Treasury Secretary Janet Yellen said Japan had explained its intervention into the currency market in 2022, the Nikkei Business daily reported on Saturday.
Fri, 26 Jul 2024 19:39:04 -0400
Japan touts G20 reaffirmation of forex commitments as key achievement
Japan sees the reaffirmation in the latest G20 joint statement of existing commitments against excessive foreign exchange volatility as one of the major achievements, Finance Minister Shunichi Suzuki said on Friday.
Fri, 26 Jul 2024 18:42:49 -0400
Forexlive Americas FX news wrap 26 Jul: Rebound day. AUD higher.
For most of the week, the flow of funds sent the JPY and CHF higher on flight to safety flows. The AUD (and NZD) lower as risk off sentiment dominated on the back of slowdown in China, lower commodities and stocks moving lower.
Fri, 26 Jul 2024 16:53:38 -0400
Natural Gas Price Forecast: Breaks Trend Low, Eyes on $2.00 Support
Bearish signal as natural gas drops below $2.015; key support at $2.00 could lead to reversal or further decline.
Fri, 26 Jul 2024 16:22:15 -0400
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Amid Demand Concerns
Brent oil tested multi-week lows as geopolitical premium declined.
Fri, 26 Jul 2024 14:21:35 -0400
ECB's Schnabel: Services inflation is proving stickier than expected
Executive Board member of the European Central Bank (ECB) Isabel Schnabel hit the wires late on Friday noting that a single cut from the ECB doesn't necessarily guarantee follow-up cuts, and that inflation in the EU, particularly services inflation, is proving a tricky beast to slay.
Fri, 26 Jul 2024 12:45:01 -0400
ECB's Schnabel still sees tough 'last mile' in inflation fight
The European Central Bank still faces a tough "last mile" in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member Isabel Schnabel said in an interview published on Friday.
Fri, 26 Jul 2024 12:19:27 -0400
US Dollar struggles with mixed PCE figures and rate cuts bets
On Friday, the US Dollar, as depicted by the DXY, displayed some resilience despite encountering daily losses post the release of mixed Personal Consumption Expenditures (PCE) data. The market continues to wrestle with the prospect of a rate cut in September by the Federal Reserve (Fed), even though expectations have somewhat softened.
Fri, 26 Jul 2024 12:14:49 -0400
Tech Wreck After TSLA and GOOG, but Here Comes the Fed
Stocks were hammered this week after the Tuesday earnings calls from Tesla and Google. Both companies have heavy AI-exposure and, particularly for the latter, there remains questions as to how they'll actually make money with it.
Fri, 26 Jul 2024 12:07:00 -0400
European shares bounce back. Mixed performance for the week.
The major European indices have bounced back in trading today with all the indices higher. A snapshot of the closing levels shows: German DAX, +0.68% France CAC +1.22% UK FTSE 100 +1.21% Spain's Ibex +0.18% Italy's FTSE MIB +0.12% For the trading week, most of the indices were higher with the exception of Italy's FTSE MIB German DAX +1.38% France CAC, -0.22% UK FTSE 100, +1.59% Spain's Ibex, +0.71% Italy's FTSE MIB, -1.09% In the European debt market yields move lower today, Looking at the benchmark 10 year yields: Germany, -3.0 basis points at 2.403%.
Fri, 26 Jul 2024 11:45:49 -0400
Oil prices remain under pressure this week – Commerzbank
Oil prices remained at just over $80, a barrel of Brent crude was temporarily as cheap as it was last at the beginning of June, Commerzbank's Commodity Analyst Barbara Lambrecht notes.
Fri, 26 Jul 2024 11:33:48 -0400
Major oil producers may withdraw again – Commerzbank
The price of a barrel of Brent crude temporarily traded at just over $80, close to the perceived ‘pain threshold' of the OPEC+ production cartel: At this price level, the cartel had decided in the past to cut production in order to stabilise the market, Commerzbank's commodity analyst Barbara Lambrecht notes.
Fri, 26 Jul 2024 11:22:17 -0400
Canadian GDP Growth to Slow, U.S. Fed to Stand Pat
The week ahead is a busy one on the data calendar with the release of Canada's gross domestic product for May and the U.S. Federal Reserve's decision on interest rates on Wednesday, followed by U.S. payroll employment data on Friday.
Fri, 26 Jul 2024 11:02:09 -0400
Natural Weekly Price Forecast – Natural Gas Gives Up The Gains For The Week
This week has been ugly for natural gas, as we gave up significant gains later on. Because of this, the market looks as if it is ready to challenge the potential support at the $2 level.
Fri, 26 Jul 2024 10:41:29 -0400
US Dollar Index edges lower to near 104.20 after mix US PCE Inflation release
The US Dollar Index (DXY) falls slightly to near 104.20 in Friday's New York session after the United States (US) Bureau of Economic Analysis (BEA) published the Personal Consumption Expenditure Price Index (PCE) report for June. 10-year US Treasury yields tumble to 4.20%.
Fri, 26 Jul 2024 10:26:49 -0400
Crude Oil Weekly Price Forecast – Crude Oil Drops a Bit For The Week
The crude oil markets have fallen a bit during the week, testing the bottom of the symmetrical triangle that we have been in for some time. Because of this, the market looks like it is going to remain a bit rangebound.
Fri, 26 Jul 2024 10:26:40 -0400
Crude Oil – 26.07.2024
Crude Oil managed to meet the target of 76.00-50 as previously predicted. As we see on the chart the market still holding above the support 76.00 despite that the market printed a few pips below it yesterday.
Fri, 26 Jul 2024 10:17:44 -0400