Insights from Recent Central Bank Announcements and Currency Forecast Adjustments
Tuesday, 9 April 2024, 03:59
Major Central Bank Updates
Monetary Authority of Singapore to maintain policy intact.
European Central Bank meeting insights and potential impacts on EUR/USD.
Shadow Board recommends RBNZ to keep Official Cash Rate stable at 5.5%.
Currency Forecasts and Market Analysis
- MUFG revises GBP year-end forecast down to 1.2950.
- RBC advocates for long positions in energy stocks.
- Analysis on US bond yields and potential Federal Reserve actions.
Neel Kashkari and Andrew Bailey deliver key speeches on inflation targeting and policy.
New Zealand Business Confidence plunges but NZD remains resilient.
Market Trends and Observations
- Little changes reported in major forex pairs.
- Japanese Finance Minister discusses plans for excessive yen movements.
- Implications of oil price stability on market sentiment.
- 2023 Retail Sales figures reflective of economic changes.
- Concerns raised by IMF regarding Private Credit Market opacity.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.