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US dollar still gaining ground
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Rising Middle East tensions increase the likelihood of US strikes on Houthi bases in Yemen
Oil has traded higher in the early hours of the week.Tensions in the Middle East are ratcheting a little higher. Houthi leadership was quoted as saying We will target them, We will make American battleships, American interests, and American shipping traffic targets of...
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Market anticipates Manufacturing PMI releases from UK, Canada, and US on Tuesday
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Bank of America predicts no rate cut from the Reserve Bank of Australia until 2025
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China Caixin Manufacturing PMI for December 50.8 (expected 50.3)
The privately-surveyed manufacturing PMI from China for December, Caixin/S&P Global.50.8 vs. 50.4 expected and 50.7 in November more to comeKey findings, in summary, from the report: Output and new orders both increase at quicker ratesfirms maintain a cautious...
The South Korean Opposition Leader has been stabbed at a media appearance
South Korean Opposition Leader Lee Jae-myung was meeting with reporters in the port city of Busan.He was attacked and fell to the ground.The attack was focused on his neck.Lee was bleeding as he fell. The assailant has been apprehended and arrested.Update - Lee has...
PBOC sets USD/ CNY reference rate for today at 7.0770 (vs. estimate at 7.0971)
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Bitcoin has hit its highest since April of 2022
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PBOC is expected to set the USD/CNY reference rate at 7.0971 – 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...
Singapore data: Q4 Advance GDP shows economic growth beat: 1.7% q/q and 2.8% y/y
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United Kingdom data – December BRC Shop Price Index 4.3% vs. 4.3% in November
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China’s official NBS Manufacturing PMI disappointed in December – will Caixin do the same?
Later today we get the latest manufacturing PMI from China, the Caixin/S&P Global Manufacturing PMI for December 2023:due at 0145 GMT, which is 2045 US Eastern timeexpected 50.4, prior 50.7Over the weekend the Chinese government official PMIs, from the National...
ICYMI – China’s Xi Jinping made vague promises on the economy in a speech
Chairman of the Chinese Communist Party Xi Jinping spoke in a televised address to mark the incoming new year. He made vague comments about supporting the economy:China will "consolidate and enhance the positive trend of economic recovery, and achieve stable and...
Reserve Bank of Australia implements major changes for 2024
2024 is going to be a year of huge change for the Reserve Bank of Australia. The number of meetings have been cut from 11 a year to 8 (Fibonacci folks take note!).There will also be a new policy to have Reserve Bank of Australia Governor Bullock hold a press...
BoA expect the US Federal Reserve will cut its funds rate by 100 basis points in 2024
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Australia final December manufacturing PMI 47.6 (prior 47.7)
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Japan’s Aeon (retailer) plans to to raise part-time wages by 7% in 2024
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