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Thursday, May 9, 2024

Mexican central bank rate decision: Rates unchanged at 11.0% as expected

Mexican central bank rate decision: Rates unchanged at 11.0% as expected

Prior was 11.0% Decision was unanimous Disinflation process is expected to continue Revises 2024 year-end forecast for inflation to 4.00% from 3.6% Boosts core inflation in 2024 forecast to 3.8% from... 

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More from Daly: Can't count on productivity to save the US from inflation

Fed policy is restrictive but it may still take time to bring inflation down The comments from Daly (and others) lately might as well say 'we have no idea what's going on, we're data watching like the... 

Feds Daly :Last 3 mos. has left considerable uncertainty about next few mos. of inflation

SF Fed Pres. Mary Daly (voting member) is speaking and says: The last 3-months has left considerable uncertainty about the next few months of inflation. There is a range of scenarios the Fed is facing... 

GBPUSD stretches to a new high but running into 100/200 hour MA and retracement

GBPUSD still finds resistance at 1.25255 area The GBPUSD has once again stretched higher after a brief correction and printed a new high at 1.25232, but once again is finding risk-focused sellers agai... 

Fed's Daly scheduled to be the next Fed official to speak post FOMC decision

At the top of the hour, SF Fed Pres.Mary Daly is scheduled to speak. Daly is the latest Fed official to speak after the FOMC rate decision last week. Fed's Powell was less hawkish in his comments. Mo... 

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Latest Forex Orders

FX option expiries for 9 May 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first is a range of expiries for EUR/USD from 1.0745 through to 1.0775. That is likely to help lock price action from runnin... 

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