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,...
EUR/USD on the edge after ECB signals end to rate hikes
EUR/USD daily chartThe euro was beaten down after the ECB policy decision yesterday, in which the central bank communicated that they are more or less done with rate hikes already. The question now is, for how long can they stick with their higher for longer...
UAW strikes kick off, plants at each of the three legacy Detroit carmakers affected
The United Auto Workers (UAW) have started their strikes early Friday, with simultaneous walkouts at GM, Ford and Stellantis (Chrysler's parent company). For some context: A September UAW strike is almost a sure thing12,700 workers are said to be involved with the...
ForexLive Asia-Pacific FX news wrap: AUD higher after better than expected data from China
China’s August economic activity data was published today with beats across the board. The real economy has been showing signs of ‘green shoots’, even as the property sector sinks deeper into distress. We had more or this today with the news that Chinese state-linked...
Australia has a new Reserve Bank of Australia Governor today – Bullock replaces Lowe
No doubt Lowe will be in demand in the private sector should he wish to head that way. He leaves the RBA with a bit of a cloud over him due to the ill-advised comment in 2020 about 'no rate hikes until 2024'. And with inflation having gotten away from the bank forcing...
Japan’s next CPI data will show core inflation above target for the 17th straight month
The next Japanese national inflation report, for August, is due at 8.30am Tokyo time on 22 September, which is 2330 GMT on the 21st.The Bank of Japan meeting concludes later that day. Reuters polling of analysts shows core inflation is expected at 3%, above the Bank...
China’s Air passenger numbers in August are +98% y/y
A statement from China's aviation regulator via State Media. the rebound for domestic travel in China is pushing up oil demand. Headlines via Reuters Also, more commentary on the data earlier from China's National Bureau of Statistics (NBS):domestic economy is...
US Auto Workers will strike at 3 US, GM, Ford, Stellantis factories
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,...
[은퇴 후 이렇게만 하면..매월 200만원 통장 입금!! 죽을 때까지 받아요!!]#3.1경제독립tv
https://www.youtube.com/watch?v=4XorOEGQEzk [은퇴 후 이렇게만 하면..매월 200만원 통장 입금!! 죽을 때까지 받아요!!]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다 ^_^~...
China August Industrial Production 4.5% y/y (expected 3.9%) & Retail sales 4.6% (exp 3%)
China industrial production and retail sales data for August 2023. Very nice beats for both.More: China Jan-Aug Fixed-Asset Investment +3.2% Y/Y (Reuters poll +3.3%)Jan-Aug Private Sector Fixed-Asset Investment -0.7% Y/YJan-Aug Infrastructure Investment +6.4%...
Another rate cut from the People’s Bank of China, 14 day reverse repo to 1.95% from 2.15%
From China so far today:Buried in amongst that lot (the reference rate post) is the news of another rate cut from the Bank:PBOC sets 14 day RR rate at 1.95% vs. 2.15% previouslywe haven't had a 14-dayer in many monthsStill on the way from China is the economic data...
China August new home prices -0.3% m/m (prior month -0.2%)
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,...
People’s Bank of China set MLF rate at 2.5% (expected 2.5%, prior 2.5%)
PBOC inject 591bn yuan via a one-year MLF at 2.5%400bn yuan of MLF are maturing todaythus net MLF injection is 191bn yuanAlso:PBOC sets 14-day RR rate at 1.95% vs. 2.15% previously --The PBOC's MLF rate is a benchmark interest rate that banks in China can use to...
PBOC sets USD/ CNY reference rate for today at 7.1786 (vs. estimate at 7.2849)
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...
💰나도 모르게 가입된 보험도 혜택 받으세요~!
https://www.youtube.com/watch?v=nV-HLGx0dH4 보험 가입에 동의도 안 했는데 가입된 보험이 있는지 지금 확인해 보세요! 본인은 동의를 안 했는데 보험설계사가 몰래 가입시키는 등의 방법으로 불법 영업을 해온 보험대리점과 보험설계사들이 금융당국에 대거 적발됐다고 합니다. #천원보험 #추천 #혜택 MoneyMaker FX EA Trading...
It’s a big day coming up in China – economic data and the monthly rate setting (MLF)
The backdrop to the data due today and the monthly Medium-term Lending Facility (MLF) rates setting are the twin moves from the People's Bank of China on Thursday:The PBoC set the MLF rate on the 15th each month. The PBOC's MLF rate is a benchmark interest rate that...
Chinese state-linked developer Sino-Ocean has suspended payment on all its offshore debts
Another China property sector casualty.Earlier this week state-backed Sino-Ocean Group Holding Ltd. halted trading in a local note that matures in two weeks, flagging “significant” uncertainty in repaying that security. Up until recently the firm had been viewed by...
PBOC is expected to set the USD/CNY reference rate at 7.2849 – Reuters estimate
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...
Goldman Sachs on the ECB interest rate hike, rates will be unchanged for next 12 months
Goldman Sachs says that despite showing the EU economy is stagnating the rate inflation is "too high for comfort", which supports the case for the European Central Bank holding rates unchanged at the current high level for the next year. GS points to the ECB raising...
Brent oil – JP Morgan on the price jump – clearly a supply shock
Earlier in the week an analyst at JP Morgan said that:"investors should probably not worry too much about the recent spike in oil."Adding that pressure on the demand and supply side is easing:long-term investment into energy transition will dampen demandthe US...