Blogs

<p>JP Morgan are forecasting Ether to outperform Bitcoin in 2024.</p><p>Suggesting this will be due to underperformance by BTC:</p><ul><li>the bitcoin halving event in 2024 is likely already factored into the current market price (I <a href="https://www.forexlive.com/Cryptocurrency/heres-why-crypto-analys

<p>Chief economist at Goldman Sachs, Jan Hatzius, outlined 5 rate cuts coming from the Federal Reserve ahead:</p><ul><li>three in the first half of 2024<ul><li> “We see the committee delivering at least three back-to-back 25bp cuts, probably in March, May, and June. Such an adjustment would resemble the 1995, 199

<p> Governor Peter Kazimir of the National Bank of Slovakia (Národná banka Slovenska), and therefore a member of the ECB's Governing Council, is speaking today at 0900 GMT / 0400 US Eastern time:</p><ul><li>at a news conference presenting the National Bank of Slovakia's outlook papers</li></ul><p>

<p>The Bank of Japan held policy steady, no change to sort term rates or YCC. </p><p>USD/JPY jumped sharply:</p><p>Ultra-loose policy for the BOJ, and tightening elsewhere, has been the driver of a much weaker yen over past years. Speculation has risen in recent weeks that the Bank is nearing a pivot to reduce its poli

<p>Bank of Japan announces their main policy planks remain in place untouched, as expected.</p><p>USD/JPY has jumped sharply higher.</p><ul><li>Maintains short-term interest rate target at -0.1%</li><li>Maintains 10-year JGB yield target around 0%, with 1% upper reference rate kept unchanged</li>

<p>Japan's 10-year government bond yield rose on Tuesday ahead of the Bank of Japan statement due later:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-policy-meeting-preview-2024-could-be-the-game-changer-20231218/" target="_self">Bank of Japan policy meeting preview:

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>Reserve Bank of Australia December meeting minutes.</p><p>Headlines via Reuters:</p><ul><li>Board considered whether to raise rates by 25bp or hold steady.</li><li>Decided case for steady rates was the stronger one at this meeting.</li><li>Board saw "encouraging signs" of prog

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan

<p>Bank of Canada Governor Tiff Macklem spoke in an interview with Bloomberg on his policy outlook in 2024, suggesting the Bank's rates are likely to be cut, but was vague on potential timings:</p><ul><li>“(If) you look at our projection, it's some time next year, but I'm not going to put it on a calendar.”<