This might be what is helping the euro a little so far today, as the FT is reporting that several of the ECB's more hawkish members are of the view that there could be another rate hike in December if wages and inflation pressures continue to persist. It cites three...
France August final CPI +4.9% vs +4.8% y/y prelim
Prior +4.3%HICP +5.7% vs +5.7% y/y prelimPrior +5.1%Despite the higher estimates on the headline figures in August, core inflation is seen easing to 4.6% (down from 5.0% in July). That said, overall prices are still sitting well above the 2% target set by the ECB....
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FX option expiries for 15 September 10am New York cut
There aren't any significant expiries to take note of for the day. There is a large one for USD/JPY at 146.75 but that is not likely to factor into play given the price action we're seeing. As such, trading sentiment will continue to rely more on the risk mood and...
AUD/USD still caught in a consolidative phase after August fall
AUD/USD daily chartThe aussie is benefiting from a stronger Chinese yuan today, alongside better risk sentiment overall. Equities are able to take heart in the fact that major central banks are starting a new shift in the narrative. It no longer is about rate hikes in...
GBPUSD Technical Analysis – New lows expected
US:The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting.Fed Chair Powell reaffirmed their data dependency and kept all the options on the table.The US CPI yesterday came in line with expectations, so the market’s pricing remained...
ECB to begin rate cuts in June 2024 – Citi
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...