To keep things short, they tried to leave the door open for September but as evident in the language and from Powell's press conference, they are not going to push for it. I'd put emphasis on the word 'tried' in the description above. Powell himself alluded to data...
European Central Bank meeting preview, to bring on ‘undesirable’ EUR volatility’?
Via a Commerzbank note previewing the European Central Bank meeting decision due on Thursday. Analysts at the bank say that following the the ECB signalling a continuation of rate hikes for today's meeting at its previous meeting, "the ECB is likely to find it...
More on USD/JPY volatility surge – protection being sought against a BOJ tweak surprise
FX options pricing is showing a market that is growing wary that the Bank of Japan will tweak policy on Friday. Higher option prices shows the market is paying up for options that would hedge that risk. Implied volatility for JPY-related options expiring after the BoJ...
ForexLive Asia-Pacific FX news wrap: USD dropped – awaiting the ECB then the BOJ
The US dollar lost further ground during Asian trade as I post. All major FX posted gains against the big dollar. The People’s Bank of China wil be happy with the weaker dollar, the Bank has been defending the yuan and it rallied further today. While on China, data...
[속보]긴급복지 지원신청!! 지자체 추가 지원금 50만원!! 200~400만원 긴급지원!! 본인외 대리 신청 가능]]#3.1경제독립tv
https://www.youtube.com/watch?v=my_pROVgm5g [속보]긴급복지 지원신청!! 지자체 추가 지원금 50만원!! 200~400만원 긴급지원!! 본인외 대리 신청 가능]]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정"...
Yen is surging ahead of the Bank of Japan meeting on Friday
The Bank of Japan is widely expected to do nothing to change or tweak monetary policy tomorrow.But, that's not a unanimous view:USD/JPY is dropping fast. Having said that, the USD is losing ground more widely, all major FX is higher against the dollar in the Asian...
European Central Bank monetary policy meeting preview – guidance should be less definitive
The ECB meeting is today, Thursday, 27 July 2023. Pretty much everyone expects a +25bp rate hike. I've yet to see a differing forecast. If you have one, let me know in the comments, please. Earlier preview posted here:A couple of snippets from about the place....
US dollar losing some ground in Asia morning trade
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,...
Chinese Industrial Profits data for June 2023: -8.3% y/y (prior -12.6%)
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,...
Australian terms of trade data: Export prices -8.5% q/q, Import -0.8%
Australian terms of trade for Q2 of 2023.Export price index -8.5% q/qexpected -6.7%, prior +1.6%Import price index -0.8% q/qexpected -0.8%, prior -4.2%---In brief:Terms of trade refer to the ratio between the prices of a country's exports and the prices of its...
PBOC sets USD/ CNY reference rate for today at 7.1265 (vs. estimate at 7.1468)
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...
Bank of Japan meet Friday. BNP is expecting the BOJ to widen YCC to +/- 100 bps (from 50)
BNPP forecasts a move from the Bank of Japan (BoJ) to adjust the Yield Curve Control (YCC) range for the 10-year rate to ±1% in its 27-28 July meeting. While the BoJ might present this decision as a measure to manage risks related to financial intermediation and not...
PBOC is expected to set the USD/CNY reference rate at 7.1486 – 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...
[속보] 전국민 누구나 신청가능!! 보상금 5억~30억!! 로또가 아닙니다!! 핸드폰만 있으면..]]#3.1경제독립tv
https://www.youtube.com/watch?v=ZAeRh09t-p4 [속보] 전국민 누구나 신청가능!! 보상금 5억~30억!! 로또가 아닙니다!! 핸드폰만 있으면..]]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다...
North Korean dictator Kim to meet with Russia, China delegations to deepen military ties
North Korea's Kim Jong Un will meet with high-level delegations from Russia & China in Pyongyang.Discussions will centre on deepening military ties.Kim is expected to host some sort of huge military spectacle to mark 70 years since the end (ceasefire) of the...
Federal Open Market Committee (FOMC) response – Fed Funds peak is in, 1st cut in March ’24
The Federal Reserve hiked its Fed Funds again on Wednesday:Via Westpac (in brief), their assessment:FOMC to assess policy one meeting at a timeWith the downside risks to growth now believed to be as significant as inflation's potential upside, the FOMC are beginning...
Nomura still expecting another Reserve Bank of Australia rate hike, but not until November
Nomura with remarks on yesterday's inflation data from Australia and what the implication is for the Reserve Bank of Australia. Analysts at the bank say the inflation number was a "pleasant surprise", but do warn that with Australia's unemployment rate "remaining...
UK car output rises for fifth straight month in June – SMMT data
UK car production rose y/y for the fifth consecutive month in June 2023.The Society of Motor Manufacturers and Traders (SMMT) cited the pandemic-induced chip shortages easing. total of 84,767 output last month, an increase of nearly 16.2% y/ycar production is expected...
Big changes at the Reserve Bank of Australia – policy meeting dates for 2024 announced
Reserve Bank of Australia meetings were easy, the first Tuesday of each month except for January. That 'first Tuesday of the month' will be the case for August, September, October, November and December 2023.From 2024, changes are afoot! As part of the shifting the...
JP Morgan on the ‘stealth stimulus’ supporting the US economy even after rapid rate hikes
JP Morgan on the US deficit and how its supporting the economy. Main points from their note:The FY23 deficit is tracking about US$1.5 trillion, but only thanks to the odd accounting of student debt forgiveness Excluding student debt, the deficit would be closer to...