BOJ October 30 / 31 Monetary Policy Board meeting decision - no extension of the cap to 1.5% but instead formalised the 1% cap. Keeps short-term interest rate target at -0.1% Keeps 10-year JGB yield target around 0% Widens reference range to 1.0% point up and down...
The Bank of Japan policy statement is very slow coming – something’s cooking
There is no firmly scheduled time for the Bank of Japan announcement and statement. It's a good bet to expect it sometime in the 0230 to 0330 GMT time window based on past experience.The but is the longer it takes the more likely there is to be some sort of...
JPMorgan Securities Japan expects BOJ to start tweaking policy in 2024, remove YCC first.
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 Vice President Luis de Guindos is speaking on Tuesday
Due on Tuesday, 31 October 2023 at 1630 GMT, 1230 US Eastern time:Remarks and colloquium by ECB Vice President Luis de Guindos with students organised by ICADE UniversityThe European Central Bank looks set to be on hold for some time at current rates. If De Guindos...
Bank of Japan decision due soon – expectations have swung to a 1.5% 10 year JGB ceiling
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,...
Report that crypto funds had largest single week of inflows in over a year: ETF optimism
CoinShares data being cited for the reports that crypto-focused funds had the largest single week of inflows in over a year. This comes amidst the feverish optimism that a U.S. spot bitcoin exchange-traded fund will soon get approved by the US Securities and Exchange...
China Oct PMIs: Manufacturing 49.5 (expected 50.2) Non-manufacturing 50.6 (expected 51.8)
China's factory activity unexpectedly pulled back in October, dropping convincingly back into contraction. There was the week-long holiday at the beginning of the month but that was a known known factored into estimates. There had been some 'green shoots' of economic...
PBOC sets USD/ CNY mid-point today at 7.1779 (vs. estimate at 7.3024)
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...
HSBC CEO says the worst has passed for China’s real estate implosion
HSBC CEO Noel Quinn spoke with media, saying the worst of China's real-estate crisis is over, the government efforts to ease the sector's debt-implosion were working:"They went very deep and hard over a short period of time," "The sector has now adjusted, it's...
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Japan PM Kishida says won’t comment on media reports of BOJ JGB 10 year decision due today
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Australian September Private Sector Credit +0.5% m/m (expected +0.3%)
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 is expected to set the USD/CNY reference rate at 7.3024 – 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...
BRC data shows UK shop price inflation at lowest since August 2022
British Retail Consortium data for October 2023:prices in UK store chains rose at the slowest pace in more than a yeaannual shop price inflation dropped to 5.2% from 6.2% in September, its weakest since August 2022 Food price inflation y/y fell for the sixth month in...
Lloyds Bank Business confidence measure hits second-highest level of 2023: 39% (prior 36%)
Lloyds Bank Business Barometer data for October 2023:business confidence grew in October to 39% after a drop in September at 36%October rose to its second-highest level of 2023"However, our data shows that firms are still safeguarding their profit margins in response...
Japan’s JGB 10 year yiedl hits 0.955%, highest since May 2013
It looks like the Bank of Japan's YCC ceiling on the 10-year yield will be raised to 1.5%:JGB sellers jumping in ahead of that taking the yield to 0.955%. The last time the BOJ expanded the ceiling they made the argument that doing so would mean they could maintain...
New Zealand October business confidence 23.4% (prior 1.5%)
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 Sept. data: Preliminary Industrial Production +0.2% m/m (expected 2.5%)
Japan data for September 2023:Preliminary Industrial Production +0.2% m/m ... very disappointingexpected 2.5%, prior -0.7%fo the y/y -4.6% (exp -2.3%, prior -4.4%)forecast 1 month ahead is +3.9% (prior +5.8%)forecast 2 months ahead is -2.8% (prior +3.8%)Retail sales...
JP Morgan are looking at 3 factors that’ll trigger an S&P500 short squeeze
Huh. Would have been better to have had this prior to the open on Monday, but anyway, FWIW:JP Morgan's 3 factors:evidence that consumer spending isn't slowing down too a great degreean earnings season that comes in relatively strongthe FOMC clearly saying its on...
Japan data: September unemployment rate 2.6% (expected 2.6%)
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,...