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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,...

PBOC official: RRR cuts, open market operation, MLF, and all structural monetary policy tools needs to be used flexibly to maintain liquidity in banking system reasonably ample Will guide banks to effectively adjust mortgage interest rates and support banks to...

AUD and NZD are outperforming on the session. There should be some statements out of China at some stage (I haven't got a time) regarding some sort of economic boost. These have been disappointing over past months but the hop goes on:We've just had the Reserve Bank of...

The Reserve Bank of Australia Statement on Monetary Policy (SoMP).Headlines via Reuters: Some further tightening may be requiredBoard considered raising rates at August meeting, decided stronger case was to hold steadyPolicy has been tightened significantly, full...

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...

The People's Bank of China and China's National Development and Reform Commission meeting is on today, Friday, 4 August 2023. Be on the lookout for a statement and comments, but I havgen't got a firm time to expect anything. There will be comments on "high-quality...

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...

Snippet from UBS Global Wealth Management hinting at market complacency: Markets are already pricing in a soft landing, and increasingly with the belief that relatively little growth pain is required for inflation to gradually return to 2%,” The markets are vulnerable...

ICYMI, news that People's Bank of China governor Pan Gongsheng met with representatives from eight private firms to hear about their difficulties and corporate financing needs.The PBOIC provided the info in a statement late on Thursday. Pan said that the Bank would...

The US United Auto Workers Union with a 40% pay hike claim.Wall Street Journal reporting:union conveyed this demand to the automakers this week, according to people with knowledge of the matter, along with a list of other items they plan to press for at the bargaining...

Comments on USD/JPY via MUFG:market is already leaning towards a weaker USDWe therefore do not expect the USD/JPY to rise past 150However, the weakening of the Yen suggests that we cannot write off another sharp move higher like the rise to 145 at the end of June. In...

Goldman Sachs comments on the Federal Reserve vs. the European Central Bank. This summary is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here....

A snippet from UBS ahead of Friday's NFP. UBS say their base case remains that Fed rates have already peaked for the cycle.But ... with two more consumer price inflation readings and two more monthly jobs releases before the Fed's next policy meeting in September,...