Forex
FOMC preview – shift to projection for two rate cuts for 2024 from 3 is a “close call”
Snippet from CIBC on what they expect from the Federal Reserve's FOMC today:The funds rate will be left unchanged, and Powell ought to...
Japanese Yen languishes near YTD low against USD as traders keenly await Fed decision
The Japanese Yen (JPY) prolongs its downtrend against its American counterpart for the seventh straight day and drops to over a four-month low...
USD/INR attracts some buyers ahead of Fed rate decision
Indian Rupee (INR) loses momentum near its lowest in a month on Wednesday.
ASX 200 fluctuates around 7,710 due to market caution ahead of Fed decision
The ASX 200 Index snaps its three-day winning streak, edging down to near 7710 on Wednesday.
Ether ETFs Likely Won’t Get Approved in May
Bloomberg is gated but CoinDesk have the piece up:Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund won't get approved in May....
“How the BOJ’s plan for a smooth exit from negative rates unraveled”
This is a really interesiting piece from Reuters on the machinations inside the Bank of Japan on ending negative rates.The decision to do...
FOMC preview – a 25% to 30% chance of the Fed signaling only two rate cuts in 2024
Rick Rieder, chief investment officer of global fixed income and head of the global allocation investment team at BlackRock, the world's largest asset...
PBoC leaves Loan Prime Rates unchanged, as expected
The People's Bank of China announced on Wednesday that it maintained the Loan Prime Rate (LPR) unchanged across the time curve.
PBoC sets USD/CNY reference rate at 7.0968 vs. 7.0985 previous
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0968 as compared to...
USD/CAD gains momentum above 1.3570, eyes on Fed rate decision
The USD/CAD pair gains momentum above the mid-1.3500s during the early Asian trading hours on Wednesday.
