USD/CAD Price Analysis: Cushion around 1.3700 looks delicate ahead of Canada CPI and Fed policy
The USD/CAD pair has found a cushion around 1.3700 after a marginal correction in the Asian session. The Loonie asset is showing an expression of volatility contraction as investors are awaiting the release of Canada’s Consumer Price Index (CPI) data and the interest rate decision by the Federal Reserve (Fed), which will release on Tuesday and Wednesday respectively. The option for an unchanged monetary policy decision by the Federal Reserve (Fed) is gaining the limelight as banking shakedown in the United States has impacted the confidence of investors dramatically. Meanwhile, the US Dollar Index (DXY) has ... (full story)
- Older Stories
post at 6:42pm: RBA ASSISTANT GOV KENT: WHEN DECIDING ON RATES, THE BOARD WILL CONSIDER FINANCIAL CONDITIONS. post at 6:41pm: Rba assistant gov kent: the global banking system is much stronger than it was ten years ago. post at 6:41pm: RBA ASSISTANT GOV KENT: THE PROBLEMS STEM FROM A FEW INSTITUTIONS THAT WERE POORLY MANAGED.
From as much as $96 billion to around $3 billion: Credit Suisse Group AG is poised to join the historic ranks of finance giants sold at fire-sale prices in the grip of a market ...
Itís great to be back at the KangaNews Summit. Last year I discussed the Reserve Bankís move to quantitative tightening (QT). Today Iíll provide a brief update on the unwinding of our unconventional policies before turning to more conventional monetary policy issues, which will be the focus of my presentation. We are currently pursuing passive QT, whereby we allow our holdings of government bonds to roll off as they mature. The next maturity of substance is $13 billion of the April 2023 Australian Government bond. Some central banks have slowed QT by reinvesting some of their maturing bonds; others have done the opposite, pushing QT along by selling bonds well ahead of maturity. While QT will contribute to a moderate decline in our balance sheet over the next few years, the roll-off of the Bankís Term Funding Facility (TFF) will lead to a sizeable reduction in our balance sheet this year and next (Graph 1). post at 6:05pm: RBA'S KENT: BOARD WILL RESPOND AS NECESSARY TO BRING INFLATION BACK TO TARGET IN A REASONABLE TIME #News #Markets #RBA #INFLATION #capitalhungry post at 6:07pm: RBA's Kent: Likely To Take Longer Than Usual To See The Full Effect Of Higher Interest Rates On Households
- Newer Stories
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of Signature Bridge ...
On today's episode of The Macro Trading Floor, Alfonso & Andreas discuss the continued fallout from the collapse of Silicon Valley Bank, and what it means for markets. The Fed's ...
Japan's economy, despite being affected by factors such as high commodity prices, has picked up as the resumption of economic activity has progressed while public health has been protected from COVID-19. It is likely to recover, with the impact of COVID-19 and supply-side constraints waning, although it is expected to be under downward pressure stemming from high commodity prices and slowdowns in overseas economies. Japan's economy has been resilient on the whole. Firms have been positive about making business fixed investment and private consumption has been on a recovery trend. On the other hand, exports have been somewhat weak recently; while this seems to be partly attributable to the timing of the Lunar New Year holidays in China, attention needs to be paid to developments in exports, together with developments in overseas economies. The fact that firms' outlook for the long-term domestic economic growth rate has risen warrants attention as a positive development. In addition, with this rise, firms' business fixed investment is likely to remain solid. post at 7:51pm: BOJ MARCH MEETING SUMMARY OF OPINIONS: BOJ MUST PATIENTLY MAINTAIN MONETARY EASING UNTIL PRICE TARGET IS ACHIEVED #News #Markets #BOJ #capitalhungry post at 7:53pm: BoJ Summary: Expect Distortion In Yield Curve To Be Ironed Out As Market Interest Rate Expectations Stabilise