People'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 known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
No hints of Bank of Japan yen intervention in the data
Japanese FX reserves have jumped higher in December.When the yen was dropping sharply in 2023 there was near-constant questioning on possible Bank of Japan intervention to proper up the currency. In a nutshell this would have involved selling USD/JPY. Such...
2024년 자동차🚘 제도 6가지 달라진다!! 알고 있으면 벌금을 피할 수 있어요!
https://www.youtube.com/watch?v=PziGYQ2xyS8 운전하시는 분들이 알고 계시면 도움이 되는 2024년 달라지는 자동차 관련 제도들을 소개해 드립니다. 2024년부터 이렇게 달라집니다」 책자 다운로드 링크...
Biden backing legislation that’d let it seize some of $300bn in frozen Russian assets
Bloomberg news with the report, citing information its seen from the US National Security Council (NSC)President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of...
BTC/USD price rising, Who let the dogs out?
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,...
ECB’s de Cos hints at sooner rate cuts – inflation slowdown will continue, growth slowing
Bank of Spain Governor and thus a European Central Bank Governing Council member Pablo Hernandez de Cos spoke on Wednesday. While he wasn't explicit on rate cuts I am reading between the lines.Slowing economy:"Economic activity has continued to show clear weakness and...
US equites have overshot machine learning estimates , priced at 110%
Via a note from HSBC, analysts at the bank expect equities to take a breather:“we remain constructive on equities strategically""we expect a temporary pause in the rally” “Global equities have overshot our machine learning (ML) model’s prediction by 10% over the last...
New Zealand building approvals data shows a huge drop on the month, terrible numbers
Building permits data from New Zealand for November 2023 came in at -10.6% m/mprior +8.5%While this is an ugly data point the thing about building consents is that the m/m can be very volatile. The "lumpiness" comes from the ebb and flow of multi-unti developments in...
Forexlive Americas FX news wrap: Bitcoin ETFs approved, will start trading on Thursday
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,...
Fed’s Williams: Fed in ‘good place,’ has time to think about what’s next for rates
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,...
Bank of Japan “is completely ready” to end negative rates in April 2024 – ex BOJ official
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,...
SEC head Gensler says does not approve or endorse bitcoin; a speculative, volatile asset
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,...
It’s not exactly fireworks after bitcoin ETFs are approved
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,...
Nasdaq up for the 3rd day in a row. Major indices on track for gains for the week.
The major US stock indices are closing higher. The SEC announced that they approved Bitcoin ETFs. William's was a bit more hawkish, but who cares if the Fed cuts 3 or 6 times. One can argue if they cut 6 it means there is trouble in the economy. The Goldilocks is...
Trade ideas thread – Thursday, 11 January, insightful charts, technical analysis, ideas
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,...
Economic calendar in Asia 11 January 2024 – a light one
The data due today is not likely to move around FX too much upon release. The Trade data from Australia is listed as high priority but its not a market mover at present. Inflation data is, and we had an indication on that out yesterday, a little lower than expected, a...
Bitcoin ETFs approved — SEC document
Everyone is being careful with this but the SEC website this time has a new document here.It ends with:IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA2023-58;...
The USD is tilting modestly higher after William’s comments
The comments from NY Fed President were a bit more hawkish:Federal Reserve's Monetary Policy Stance:Stresses the need for a restrictive policy stance for some time.Suggests the Fed can cut rates when confident that inflation is moving back to 2%.Reiterates that the...
Fed’s Williams: Our work to bring inflation back to 2% is not done
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,...
Crude oil futures settles at $71.37
The price of crude oil futures is settling at $71.37. That is day $0.87 or -1.20%.The low price for the day reached $71.01. The high price was at $73.59.The weekly EIA inventory data showed larger-than-expected builds in crude, gasoline, and distillates. That helped...