{"id":15567,"date":"2023-11-05T22:11:02","date_gmt":"2023-11-05T21:11:02","guid":{"rendered":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/?p=15567"},"modified":"2023-11-06T09:07:09","modified_gmt":"2023-11-06T08:07:09","slug":"hiking-full-throttle","status":"publish","type":"post","link":"https:\/\/mumblefx.co.uk\/wpclients\/wpclient003\/?p=15567","title":{"rendered":"Hiking full throttle"},"content":{"rendered":"\n
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Hiking full throttle<\/h3>\n2023-11-05 22:11:02 GMT+2<\/span><\/a>\n<\/div>\n<\/div>\n
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Guten Abend<\/h4>\n

\n\n\"German\"\n2023-11-01<\/strong>, die FED beh\u00e4lt ihren Leitzins mit 5.50% gleichbleibend.
\n2023-11-02<\/strong>, die BoE beh\u00e4lt ihren Leitzins mit 5.25% gleichbleibend.
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\nJerome Powell sieht die Geldpolitik, darin mit dem gegebenen Leitzins, seiner Bank als „deutlich restriktiv“ aufgestellt. Gleichzeitig betont er, dass die Real-Rate, sprich der neutrale Leitzinsbereich\nh\u00f6her ausfallen m\u00fcsste, als der Mainstream derzeit einkalkuliert. Letzterer numerische Wert betr\u00e4gt nach meinem Wissen 3.00% minus 0.50% (2% Inflationsziel).\nDamit ergibt sich nach Powell eine Stimulierung der Wirtschaftsleistung bereits unterhalb von 3.00%, eher gegen 3 1\/4% oder gar 3 3\/4%, aber wahrscheinlich klar unterhalb von 4.00%.
\nPowell kann sich bald entspannen, so l\u00e4uft die Jobmaschine, bei fallender Inflation, ungebremst weiter. 150k neue Jobs im Oktober, bei leichtem Aufw\u00e4rtstrend in den US Nonfarm Payrolls. Mission accomplished.\n

\nBailey, Vorsitzender der Bank of England (BoE), scheint so langsam – Sir, these are slow moving animals, sir – die Drachme Pfund wieder unter Kontrolle zu bringen.
\nJedenfalls zeigt das britische Pfund etwas St\u00e4rke, \u00fcber das FX-Board betrachtet. Interessant wie sich das Pfund gegen\u00fcber den „grossen“ W\u00e4hrungen, CHF, USD, EUR, verh\u00e4lt.\nBislang scheint diese W\u00e4hrung kontinuierlich auf Grund zu fallen.
\nVielleicht sehen wir gerade das Turn-Around einer „Fluchtw\u00e4hrung“, wie sie im (Offshore-) Buche steht.\n

\nBoTg-b4 l\u00e4sst Gronk gr\u00fc\u00dfen.\"BoTg-b4\"\n
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\n\nWeitere Details und einen Ausblick auf den FX Exchange wie immer f\u00fcr Premium<\/a>-Mitglieder.\n<\/span>\n

\nLG Ben\n<\/span>\n<\/span>\n<\/p>\n<\/div>\n<\/div><\/div>\n\n

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Goody Traders<\/h4>\n

\n\n\"English\"\n2023-11-01<\/strong>, die FED keeps its key interest rate the same at 5.50%.
\n2023-11-02<\/strong>, die BoE keeps its key interest rate the same at 5.25%.
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\nJerome Powell sees his bank’s monetary policy, including the given key interest rate, as „clearly restrictive“. At the same time, he emphasizes that the real rate, i.e. the neutral key interest rate is likley to be higher than the mainstream currently anticipates. As far as I know, the latter numerical value is 3.00% minus 0.50% (2% inflation target). This results in a theoretical stimulation of the\neconomic output below 3.00%, current observations pointing towards 3 1\/4% or even 3 3\/4%, but probably well below 4.00%.
\nPowell did it, all of us extrapolating a job machine continuing to run unabated as inflation falls. 150k new jobs in October, with a slight upward trend in US Nonfarm Payrolls. Mission accomplished.\n

\nBailey, Chairman of the Bank of England (BoE), seems to be slowly – sir, these are slow moving animals, sir – bringing the drachma pound back under control.
\nThe British pound shows rare strength, viewed accross the FX board. Interesting how the pound can still match with those \u201cmajor\u201d currencies, CHF, USD, EUR. So far, this currency seems to be continually falling without any clear bottoming.
\nPerhaps we are just withnessing the beginning of a turnaround of an \u201cgravity currency\u201d (Offshore).\n

\nBoTg-b4 sending Hugs&Kisses to Gronk. \"BoTg-b4\"\n
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\n\nMore details and my outlook on the FX Exchange as always for Premium<\/a> Members.\n<\/span>\n

\nSincerely Yours, Ben\n<\/span>\n<\/span>\n<\/p>\n<\/p>\n<\/div>\n<\/div><\/div>\n\n

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\n\"EURGBP__Weekly\"<\/a>
\nEURGBP Weekly-Chart\n<\/div>\n
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\n\"GBPCHF__Weekly\"<\/a>
\nGBPCHF Weekly-Chart\n<\/div>\n
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\n\"GBPUSD__Weekly\"<\/a>
\nGBPUSD Weekly-Chart\n<\/div>\n
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\n\"Gronk\"<\/a>
\nBoTg-b4 message to Gronk [left toes on poor tablet, moving on]\n<\/div>\n<\/div>\n<\/div>\n
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