What Next: Australia Rate, EU CPI, US NFP

In focus today Today, in China, PBOC will set the Medium Lending Facility rates, but they are widely expected to keep rates unchanged due to the recent sharp depreciation on the CNY, aiming to avoid to further downward pressure on the currency. Today, in the euro area, we have a string of ECB speeches including […]

Key Highlights GBP/USD declined heavily below the 1.2650 support. It traded below a key contracting triangle with support at 1.2660 on the 4-hour chart. EUR/USD could attempt a recovery wave toward the 1.0820 resistance zone. The UK Construction PMI could increase from 46.8 to 47.3 in Jan 2023. GBP/USD Technical Analysis The British Pound started […]

Markets Core bonds gained ahead of a busy week. US yields dropped between 1.9 and 5.3 bps with the long end outperforming. The US Treasury unexpectedly lifted its quarterly borrowing estimate by $41bn compared to its January estimate (cf. infra). While only temporary, the small yield spike it triggered at the long end of the […]