Converge Conference’s Post

#usdinr : Writing about the pair per force; Is the Central Bank buying @ 82.85 intervention OR is it related to some defence related outflows; difficult to tell; Anyways Rupee remains sanguine; unless 82.85 breaks OR 82.96 breaks, no action on either side; theme is Sell on Rise.

Daily #Centralbanks #ReferenceRate decisions recap: Unchanged Central Bank of the Republic of #Turkey - 50.00% #TCMB Past meetings and #InterestRates decisions here: https://lnkd.in/dAtQzgmT

#GBPUSD: 1.3150 is key for GBP staying above 1.30; BoE Guv Bailey's comment on the central Bank getting more active, whatever in the world that means, lead to the initial fall & the US NFP did the rest; Below 1.3150, support comes in @ 1.2978; Above 1.3150, resistance @ 1.3265

Gold glitters amid talk of more central bank buying and hopes for US rate cuts | Read the latest column by veteran commentator Tim Treadgold at: https://ow.ly/8uhf50QJG1R #RRS #ASX #globalmarket #weeklywrap #investors #lithium #gold #ASX #nickel #ironore

Thurs Mar21st 2024 Global Strategy Update 7.30pm Syd: Ahead Bank of England (BOE) decision 11.00pm Syd & European Central Bank (ECB) meeting Apr 11th the Swiss National Bank (SNB) became 1st of the major Central Banks to ease -25pts to 1.50%. S&P500 futures remain bid 5246 off 5254 record set on EU mkts opn 7.00pm Syd. Noting S&P500 cls US session Wed Mar20th 5224.62 +0.89%. USD DXY index also reacted - after post FOMC sell to 102.80 bnc back +50pts to 103.30 lvl. See link to SNB Mar21st 2024 decision to ease - https://www.snb.ch/en #markets #assetmanagement #riskmanagement #businessintelligence #macroeconomics #policy

The yellow metal breaks above $2100 an ounce, confirming itself as a favourite choice in times of unpredictability and great market uncertainty. Conflicts on several fronts and unpredictable central bank decisions have caused the strong upward push over the past two months. #sustainabletradeandfinance #doganerbek #stf #gold #markets #commodity (by Doğan Erbek and STF Team) https://lnkd.in/dMm57fU

Ahead of the Herd's, Rick Mills discusses how the days of a central bank allowing another central bank to hold its #gold reserves are likely over. Learn about the #gold repatriation shift from north to south. 👉 https://lnkd.in/gE6umUMC #preciousmetals

#BSPDiscussionPaper This paper develops a model to estimate the elasticity of short-term market rates to central bank reserves and to identify different reserve conditions (i.e., scarce, ample, and abundant). The findings of the study reveal that, throughout the study period, Philippine banks have maintained a generally ample level of reserves over time. Download your copy here: https://lnkd.in/g3A8ZcuV #BSP #BRAc #Research

The economic law of unintended consequence is indeed alive and well.

#SINGLE_POLICY_RATE #OPR   The Central Bank of Sri Lanka will be implementing a single policy interest rate mechanism from tomorrow. Accordingly, we hereby introduce the Overnight Policy Rate (OPR) – as the single policy interest rate that will signal and operationalise the monetary policy stance of the Central Bank. Note: SDFR and SLFR will no longer serve as policy interest rates of the Central Bank! The Gazette outlining Rules on Open Market Operations of the Central Bank of Sri Lanka, No. 1 of 2024 can be accessed via https://lnkd.in/gmVR2MMU   Tune in tomorrow to learn more about this transition.   #cbsl #OPR #SriLanka #monetarypolicy #singlepolicyrate #omo #policystance #indicativerate