The additional measures will include relaxing home-purchase restrictions and removing price caps on new homes. It is said that these measures will be implemented in the coming weeks and that they have been under consideration over the past few months now. The sources...
GBPUSD Technical Analysis – Rangebound between key levels
US:The Fed hiked by 25 bps as expected and kept everything unchanged.Fed Chair Powell reaffirmed their data dependency and kept all the options on the table.Inflation expectations and CPI readings continue to show disinflation with the last two Core CPI M/M figures...
UK August Nationwide house prices -0.8% vs -0.2% m/m prior
Prior -0.2%The average house price in the UK declines further as higher rates are continuing to weigh on housing market sentiment. The annual reading now reflects a 5.3% year-on-year drop in house prices and the falling trend is likely to stay the course as the BOE...
It is non-farm payrolls day to kick start the new month
With the focus being on the non-farm payrolls, we are likely to be in for a quiet and more tentative session in Europe later. Major currencies are mostly little changed so far on the day and barring any major headline surprises, there might not be much appetite to...
ForexLive Asia-Pacific FX news wrap: China cut its FX RRR by a third
China announced a cut in its FX Reserve Requirement Ratio by 200 basis points (bps) from 6% to 4% from September 15th. What this means is that China reduced the amount of foreign currency deposits banks are required to hold as reserves. It last did so in September of...
Goldman Sachs estimate +149K for US non-farm payrolls
Goldman Sachs forecasts for the US jobs market data due Friday, 1 September 2023:We estimate nonfarm payrolls rose by 149k in Augustour forecast embeds a 26k one-time drag from thee combination of Hollywood worker strikes (-18k) and Yellow trucking layoffs (-8k)We...
Japan finance minister Suzuki says sudden FX moves are undesirable
Japan finance minister Suzuki with comments crossing - nothing much new from him. Forex moves should be set by the marketSudden FX moves are undesirableFX rates should reflect fundamentalsBank of Japan Governor Ueda with Japan finance minister SuzukiMoneyMaker FX EA...
Russia’s Novak will announce his crude oil output plans next week
Adam had the news on Thursday:I posted yesterday on what's coming up from Saudi Arabia next week:ANZ on further cuts:Crude oil prices rose amid a broad risk-on tone across markets. However, news that Russia agreed further OPEC+ cuts amplified the move. Deputy Prime...
Federal Reserve officials speaking Friday include Bostic and Mester
At 1000 GMT, which is 0600 US Eastern time: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the South African Reserve Bank's Biennial Research Conference with SARB governor Lesetja Kganyago, IMF first deputy managing...
[오늘부터~ 최대 60% 대박 할인!! 상품권 180만원 잡아요!! ]#3.1경제독립tv
https://www.youtube.com/watch?v=o11hmlGR02Q [오늘부터~ 최대 60% 대박 할인!! 상품권 180만원 잡아요!! ]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다 ^_^~ [3.1경제독립 tv...
China data: Caixin/S&P Global August 2023 Manufacturing PMI: 51.0 (expected 49.3)
Caixin/S&P Global August 2023 Manufacturing PMIexpected 49.3, prior 49.2A good beat and encouraging news from China. Yesterday ... The official PMIs from China:---China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the...
Australian data: July home loans -1.9% m/m (expected -1.0%)
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,...
AUD, NZD, JPY all higher following the PBoC FX RRR cut, the first since September 2022
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 sets USD/ CNY reference rate for today at 7.1788 (vs. estimate at 7.2967)
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...
[속보] 2024년, 취약계층 지원금 깎인다고? 생계급여, 기초연금 104만원.. 둘 다 받으면.. 이만큼 손해 볼 수도!!]#3.1경제독립tv
https://www.youtube.com/watch?v=K_xrJu281WY [속보] 2024년, 취약계층 지원금 깎인다고? 생계급여, 기초연금 104만원.. 둘 다 받으면.. 이만큼 손해 볼 수도!!]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정"...
People’s Bank of China to cut FX RRR from 6% to 4% from September 15
People's Bank of China said it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan's recent depreciation.PBoC to lower its FX Reserve Requirement Ratio by 200 basis points (bps) to 4% from...
UBS forecasts the S&P 500 to 5200 if AI proves to be a game changer (& 2 other factors)
Equity analysts at UBS have raised their June 2024 price forecasts for the S&P 500 benchmark index to 4700 citing an expectation that earnings growth will gather pace in 2024:expects S&P 500 EPS of $220 (0% YoY, +4% YoY ex-energy) for 2023 and $240 (+9% YoY)...
Japan Jibun final August PMI: Manufacturing 49.6 (prior 49.6)
Japan S&P Global / Jibun Bank final Manufacturing PMI for August 2023.Flash reading here:Published at the same time were the data for South Korea's August Manufacturing PMI, also in contraction at 48.9, from 49.4 in July.---USD/JPY is up 20 odd points during...
Forecast for the European Central Bank to pause hiking in September
European Central Bank minutes were published Thursday:Nordea's assessment remains that the Bank has finished hiking rates;The monetary policy account from the ECB’s July meeting did not offer much guidance on what the ECB would do at its September meeting"The activity...
PBOC is expected to set the USD/CNY reference rate at 7.2967 – 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...