{"id":14627,"date":"2022-10-27T07:04:04","date_gmt":"2022-10-27T05:04:04","guid":{"rendered":"https:\/\/mumblefx.com\/?p=14627"},"modified":"2022-10-27T07:04:04","modified_gmt":"2022-10-27T05:04:04","slug":"the-buck-leads-the-way-down","status":"publish","type":"post","link":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/?p=14627","title":{"rendered":"The Buck leads the way (down)"},"content":{"rendered":"\n<a class=\"NO_UNDEERLINE BOLD\" rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.bankofcanada.ca\/\">bankofcanada.ca\/ &#8211; Bank of Canada<\/a><br>\n<a class=\"NO_UNDEERLINE BOLD\" rel=\"noopener\" target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/canada\/interest-rate\">tradingeconomics.com\/ &#8211; Canada IR<\/a><br>\n<a class=\"NO_UNDEERLINE BOLD\" rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.snb.ch\/de\/ifor\/media\/id\/webtv\">snb.ch &#8211; SNB WebTV<\/a><br>\n\n\n\n<div style=\"height:29px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/wp-content\/uploads\/2022\/10\/CADCHF_375.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/wp-content\/uploads\/2022\/10\/CADCHF_375.png\" alt=\"\" class=\"wp-image-14628 BLOCK\"\/><\/a><figcaption>CADCHF 30-Minute Chart<\/figcaption><\/figure>\n\n\n\n<p class=\"blogtext text_PADDING img_TEXT_FLOAT_LEFT\">\n<strong>Guten Morgen<\/strong>,<br>\n<img decoding=\"async\" class=\"img_PADDING img_SIZE_20 img_TEXT_FLOAT_LEFT\" src=\"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/wp-content\/uploads\/2021\/05\/deutschland-karte-und-flagge_18981-482_transparent.png\" alt=\"German\">\nTiff Macklem erh\u00f6ht den kanadischen Leitzins um lediglich 50 Basispunkte, statt derer anberaumten 75. Die M\u00e4rkte missinterpretieren dies als bullishes Signal, als Zeichen daf\u00fcr, von Rezessionsmodus direkt in die n\u00e4chste Hausse umschalten zu k\u00f6nnen. Der Hintergrund f\u00fcr die niedrigere Leitzinserh\u00f6hung liegt aber nicht in der erfolgreich umfassten Inflation. Diese beginnt erst gerade eine Eigendynamik auszubilden, stehen doch Lohnerh\u00f6hungen vollends aus. Die Franzosen gehen wie gewohnt als Erste auf die Stra\u00dfen und fordern die \u00fcberf\u00e4lligen Inflationsausgleichszahlungen von Seiten ihrer Arbeitgeber. Diese sind eigentlich unumg\u00e4nglich, um den Konsum und damit den Absatz in der Realwirtschaft aufrecht zu erhalten.<br>\nNein, der Grund f\u00fcr eine moderatere Leitzinserh\u00f6hung liegt in der von Macklem direkt ausgesprochenen Bef\u00fcrchtung, mit einer zu schnellen Erh\u00f6hung die Rezessionsgefahr, eine Abw\u00e4rtsspirale zu befeuern.<br>\nBoC 26-10-2022 +50bp (3.25 -> 3.75).<br>\nDas FX-Board zeigte deutlich, dass eine h\u00f6here Leitzinserh\u00f6hung objektive betrachtet sinnvoller gewesen w\u00e4re. Der kanadische Dollar musste teilweise nachgeben, die Marktteilnehmer gaben eine Portion ihre Longs auf den Buck auf.\n<br><br>\nDie Schweizer Nationalbank l\u00e4sst mit weiteren geldmarktpolitischen Mediengespr\u00e4chen (Pressekonferenzen) auf sich warten. Diese waren auf der vergangenen Veranstaltung am 22.September anberaumt worden. Wir sind nach wie vor sehr gespannt auf deren Vortr\u00e4ge und Antworten.\n<br><br>\nEin nicht gew\u00e4hlter Rishi Sunak wurde gestern, 26.Oktober, als neu eingesetzter Prime Minister im House of Commons vorstellig. Das britische Pfund konnte daraufhin wieder etwas an Boden gutmachen.\n<br><br>\nMumbleFX Dashboard wird gr\u00f6\u00dfer als erwartet. Die gewonnen Daten sind wichtig genug, um diese direkt mit Premium auf der Webseite einzubinden. Dash an und f\u00fcr sich, wird auf weitere Plattformen erweitert. Momentan l\u00e4uft das Programm lediglich mit MetaTrader4\/5.\nMit der Einbindung via Premium aber, wird eine API angeboten, damit Klienten auch ohne Trading-Software auf die von Dash generierten Informationen zugreifen k\u00f6nnen.<br>\nEin Webcast-Video ist in Arbeit, um wie angek\u00fcndigt die EA-Optimierung eines Bollinger Band-Indikators zu erl\u00e4utern.\n<br><br>\n<span class=\"BLOCK\">\nWeitere Details und Ausblick auf den Exchange wie immer f\u00fcr <a class=\"NO_UNDEERLINE BOLD\" rel=\"noopener\" target=\"_blank\" href=\"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/cms-register\/\">Premium<\/a>-Mitglieder.\n<\/span>\n<br>\nB\u00fcnyamin\n<\/p>\n<p class=\"blogtext text_PADDING img_TEXT_FLOAT_LEFT\">\n<strong>Goody Traders<\/strong>,<br>\n<img decoding=\"async\" class=\"img_PADDING img_SIZE_20 img_TEXT_FLOAT_LEFT\" src=\"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/wp-content\/uploads\/2021\/05\/karte-und-flagge-der-vereinigten-staaten-von-amerika_18981-472transparent.png\" alt=\"English\">\nTiff Macklem raises Canada&#8217;s interest rate by just 50 basis points instead of the planned 75. The markets misinterpret this as a bullish signal, a sign that they can switch from recession mode directly to the next bull market. However, the reason for the lower interest rate hike is not the successfully contained inflation. This is just beginning to gain momentum of its own, as wage increases are still pending. As usual, the French are the first to take to the streets and demand overdue inflation compensation payments from their employers. These are actually unavoidable in order to maintain consumption and thus sales in the real economy.<br>\nNo, the reason for a more moderate interest rate hike is Macklem&#8217;s fear, directly expressed, that if the rate were raised too quickly, the danger of recession could be fueled by a downward spiral.<br>\nBoC 26-10-2022 +50bp (3.25 -> 3.75).<br>\nThe FX Board clearly showed that a higher rate hike would have made more sense from an objective point of view. The Canadian dollar had to weaken in part, as market participants gave up a portion of their longs on the buck.\n<br><br>\nThe Swiss National Bank has not held any further media talks (press conferences) on money market policy. These were scheduled at the previous event on September 22nd. We are still very excited about their presentations and answers.\n<br><br>\nAn unelected Rishi Sunak made his appearance as the newly installed Prime Minister in the House of Commons yesterday, October 26. The British pound was then able to regain some ground.\n<br><br>\nMumbleFX Dashboard is getting bigger than expected. The data obtained is important enough to integrate it directly with Premium on the website. Dash itself will be expanded to other platforms. At the moment the program runs only with MetaTrader4\/5.\nHowever, with the integration via Premium, an API will be created so that clients can also access the information generated by Dash without any trading software.<br>\nA webcast video is in the works to explain the EA optimization of a BollingerBand indicator as announced.\n<br><br>\n<span class=\"BLOCK\">\nMore details and my outlook on the Foreign Exchange as always for <a class=\"NO_UNDEERLINE BOLD\" rel=\"noopener\" target=\"_blank\" href=\"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/cms-register\/\">Premium<\/a> Members.\n<\/span>\n<br>\nSincerely Yours, Ben\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>bankofcanada.ca\/ &#8211; Bank of Canada tradingeconomics.com\/ &#8211; Canada IR snb.ch &#8211; SNB WebTV Guten Morgen, Tiff Macklem erh\u00f6ht den kanadischen Leitzins um lediglich 50 Basispunkte, statt derer anberaumten 75. Die M\u00e4rkte missinterpretieren dies als bullishes Signal, als Zeichen daf\u00fcr, von Rezessionsmodus direkt in die n\u00e4chste Hausse umschalten zu k\u00f6nnen. Der Hintergrund f\u00fcr die niedrigere Leitzinserh\u00f6hung &hellip; <a href=\"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/?p=14627\" class=\"more-link\"><span class=\"screen-reader-text\">The Buck leads the way (down)<\/span> weiterlesen<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[247,202,296,263],"class_list":["post-14627","post","type-post","status-publish","format-standard","hentry","category-leitzinsen","tag-boc","tag-snb","tag-sunak","tag-tiff-macklem"],"_links":{"self":[{"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=\/wp\/v2\/posts\/14627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14627"}],"version-history":[{"count":0,"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=\/wp\/v2\/posts\/14627\/revisions"}],"wp:attachment":[{"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}