High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Westpac forecasts that the RBA will hold rates now, but risks loom
Westpac holds the view that the Reserve Bank of Australia will not raise interest rates further from here.Westpac reasons:If the real economy continues to evolve as we anticipate, i.e. economic growth remains well below–trend and slack emerges in the labour market,...
Bank of England Monetary Policy Committee Member Catherine Mann to discuss monetary policy
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
China considers buying Boeing 737 Max, signals thaw in US relations
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Barclays say the cure for plunging bond prices may be worse than the disease
An analyst note from Barclays on Friday last week on the cascade lower for bonds: “There is no magic level of yields that, when reached, will automatically draw in enough buyers to spark a sustained bond rally,”“In the short term, we can think of one scenario where...
PBOC sets USD/ CNY reference rate for today at 7. 1769 (vs. estimate at 7.2889)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
Expert Insights: Morgan Stanley and Goldman Sachs diverge on Fed rate cut forecasts
Morgan Stanley economists are forecasting that Federal Open Market Committee (FOMC) will make deep interest-rate cuts over the next two years as inflation cools.Goldman Sachs, on the other hand, expect fewer reductions and a later start. Bloomberg have a piece up...
PBOC is expected to set the USD/CNY reference rate at 7.2889 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2889 – Reuters estimatePeople's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also...
RBA Assistant Governor Kohler says there is no doubt that interest rates are restricitive
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
UK data – Rightmove House Price index for November -1.7% m/m (prior +0.5%)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Japan PPI for October -0.4% m/m (expected 0.0%) and +0.8% y/y (expected +0.9%)
Japan PPI for October -0.4% m/m expected 0.0%, prior -0.3%+0.8% y/y expected +0.9%, prior +2.0%first time under 1% since February 2021Slowing inflation at the business level, indeed deflation m/m, in Japan makes the case for an imminent tightening of Bank of Japan...
RBA official says decline in Australian inflation to be slower than previously forecast
Reserve Bank of Australia Assistant Governor (Economic) Marion Kohler spoke at a conference on the outlook for the Australian economy, approaches the Bank uses to assess where the economy is relative to full employment, and a review of economic forecasts for the past...
Biden and Xi’s high-stakes meeting in San Francisco amidst rising global tension
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
New Zealand Services PMI drops into contraction: economic angst ahead?
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Barclays analysts slash Brent crude oil price forecast, but say demand concerns overblown
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Cyberattack halts operations at major Australian ports: DP World Australia
Australian ports operator DP World Australia manages nearly half of the goods that flow in and out of the country. Its been hit by a cybersecurity incident that has forced it suspend operations at ports since Friday. operations at the container terminals in Melbourne,...
Iraq Kurdistan region oil exports look set to resume – talks with Turkey, oil firms, Kurds
A weekend report that Iraq expects to reach an agreement with the Kurdistan Regional Government (KRG) and foreign oil companies to resume oil production from the Kurdish region’s oilfields within three days.Via a statement from Iraqi oil minister Hayan Abdel-Ghani....
US airstrikes against Iran-backed militias in Syria; targets weapons storage facility
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Asian Economic Calendar: Key Events and Consensus Expectations for November 13, 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Trade ideas thread – Monday, 13 November 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...