Mehitabel
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Will JJ’s inflation orchestra hits a sour note while the market plays musical chairs?
It’s HERE…CPI due out at 8:30. Gold is up, Dollar is up (someone’s confused). Oil is up on China demand story and UBS call. JJ - the Money Maestro & his Inflation Orchestra are locked down. Try the Linguine & Lobster Sauce #6. Put ‘KP’ in the message box and I will be happy to reach out to d
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USD/JPY clings to intraday gains around mid-150.00s ahead of Fed’s Powell
USD/JPY gains strong positive traction on Wednesday, though the upside potential seems limited. Less dovish Fed expectations push the US bond yields higher and undermine the lower-yielding JPY. December BoJ rate hike bets and subdued USD demand might cap the pair ahead of Fed’s Powell. The USD/JPY p
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RBNZ’s Orr: Projections consistent with 50 bps in Feb depending on activity
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr explains the interest rate decision at a press conference following the monetary policy meeting on Wednesday. Orr is responding to questions from the media. Key quotes Misnomer that our projections show slower pace of cuts. Projections consist
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RBNZ: Outlook more interesting than rate cuts – Commerzbank
When the Reserve Bank of New Zealand (RBNZ) started cutting rates in August this year, it did not surprise anyone, Commerzbank FX analyst Volkmar Baur notes. RBNZ to announce the rate decision on Wednesday “It cut the cash rate by 25 basis points. However, the indication that a move of 50 basis poin
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Lingrid | GOLD possible CONSOLIDATION phase. Potential Shot
#XAU/USD# XAUUSD market made a sharp bearish move, indicating a possible shift in momentum. Following the formation of a lower high, it appears that the market has entered a consolidation phase, particularly after breaking below the 2650 level with a strong bearish candle. The formatio
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Gold price snaps five day winning streak; heavily offered below $2,700 mark
Gold price falls sharply from a three-week high in the wake of the risk-on environment. Bets for slower Fed rate cuts also drive flows away from the non-yielding yellow metal. Retreating US bond yields prompt USD profit-taking and could help limit further losses. Gold price (XAU/USD) retreats after
Pull-up Update
