What’s priced in for the central bank meetings next week
We saw the Bank of Canada signal a shift to the sidelines this week but that’s not likely to be the case with the trio of major central banks due to weigh in next week. First up is the FOMC decision on Wednesday and the market isn’t pricing in any drama around Powell and the […]
Dollar skulks at eight-month low, central bank meetings in focus By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar fell to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears ahead of a slew of […]
Does Yen follow central bank? Forecast as of 23.01.2023
2023.01.23 2023.01.23 Does Yen follow central bank? Forecast as of 23.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It just happened so that all serious movements in USDJPY were connected with the actions of the Bank of Japan. First, there were currency interventions, then, there were loud statements that forced the pair to change the trend direction. Does the yen […]
Russia’s central bank sold $47 million worth of Chinese yuan on Jan. 13 By Reuters
© Reuters. Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration (Reuters) – Russia’s central bank said on Tuesday that it sold almost $47 million worth of on January 13 to buy roubles, as it began to make up […]
How Central Banks Impact the Forex Market
Reviewed by Nick Cawley on December 9, 2021 The role of central banks in the forex market Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in […]
European Central Bank Exec Wants Unbacked Crypto Treated as Gambling
Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB) has argued in favor of regulation that recognizes “the speculative nature of unbacked cryptos and treat them as gambling activities.” Panetta believes that “vulnerable” users of unbacked digital assets can be protected through the application of rules similar to the European […]
Is gold primed for a rally on expectations of central banks easing cycle in 2023?
Major European currencies ceded ground to dollar on Tuesday, EURUSD broke down 1.06 and GBPUSD 1.20 level. The start of European session saw major sell-off both in EUR and GBP:Positive December price data from Germany failed to offset selling pressure in Euro, despite significant pullback in the rate of consumer price growth – from 10% […]