The antipodeans are the slight laggards as we get into European trading today, with AUD/USD down 0.4% to 0.6810 currently. This comes after the China Q2 GDP data earlier here. While there was a beat in the quarterly estimate, the focus seems to be on the yearly...
Market Update – July 17 – Digesting the strong American data
Week 29 begins with futures slightly negative and APAC in red: China is heavy (-1.48%) after the disappointing GDP Y/Y figure (+6.3% vs +7.2% exp), falling retail sales growing only +3.1% (vs +18% 3 months ago) and the PBOC that left its midterm lending facility...
US Dollar Finds Traction While China GDP Misses Estimates. Where to for USD?
The US Dollar consolidated to start the week while soft Chinese GDP numbers highlight growing concern for the economic recovery there. With the Fed in a blackout, where to for USD?US Dollar, DXY Index, USD, China, Risk Off, Fed, FOMC, India, ECB - Talking PointsThe US...
Trade ideas thread – European session 17 July 2023
Is the dollar rout set to continue? Well, if you look at the charts for EUR/USD, GBP/USD, and USD/CHF, there are strong arguments for that. But in the case of USD/JPY, USD/CAD, AUD/USD, and NZD/USD, perhaps the dollar has managed to find some footing. I'll get into...
FX option expiries for 17 July 10am New York cut
There aren't any significant expiries to take note of for today. As such, trading sentiment will continue to revolve around the technicals for the most part. And in the case of FX since last week, dollar sentiment will also play a big role in price action as we get...
The Fed and ECB may not be the biggest central bank risks to markets this month
The recent strength in the Japanese yen has in part to do with a stronger correction after the sharp fall in the currency itself in the past few months. But I would argue that a part of that also seems to do with some hawkish speculation surrounding the BOJ later this...
European Central Bank speakers Monday include Lagarde, Lane, Panetta
0815 GMT/ 0415 US Eastern time: Pre-recorded welcome address by President of the European Central Bank Christine Lagarde at 9th ECB conference on central, eastern and south-eastern European (CESEE) countries "Changing geopolitical landscape – economic implications for...
Barclays says US investors “may be close to peak pessimism” on European equities
Via a note from Barclays on Friday on European equities. in brief.Barclays cites the flow data they track, which shows most US clients have cut exposure to Europe. Clients reason that the region is the most vulnerable to central bank-induced recessionwill suffer from...
[전국민 누구나~소득, 학력 무관!! 푼돈 5~10만원으로 30~40만원 돈 버는 법?? 7월, 8월 쏟아진다!!]#3.1경제독립tv
https://www.youtube.com/watch?v=zlx0T-4095s [전국민 누구나~소득, 학력 무관!! 푼돈 5~10만원으로 30~40만원 돈 버는 법?? 7월, 8월 쏟아진다!!]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정"...
ForexLive Asia-Pacific FX news wrap: China GDP data beat on q/q basis, miss on y/y basis
Session wrap Forex news for Asian trading on Monday, 17 July 2023 <!--> --> Goldman Sachs expects the Bank of England to hike by 50bp at its August meetingChina Q2 GDP +0.8% q/q (expected 0.5%)China June: Retail sales +3.1% y/y (expected 3.2%) Industrial...
Goldman Sachs expects the Bank of England to hike by 50bp at its August meeting
UK economists at Goldman Sachs are expecting the Bank of England Monetary Policy Committee to raise the Bank Rate by 50bp at the August meetingGoldman Sachs forecast a Bank Rate peak of 6% in November this year. GS cite in reasoning:firm wage pressuresfirm...
China Q2 GDP +0.8% q/q (expected 0.5%)
China's economic growth data for the April to June quarter of 2023.The q/q has beaten expectations, which is a positive. The y/y is heavily impacted by base effects.China's National Bureau of Statistics (NBS) says the national economy showed good momentum of recovery...
China June: Retail sales +3.1% y/y (expected 3.2%) Industrial output +4.4% y/y (exp 2.7%)
Chinese economic activity data for June 2023Further. National Bureau of Statistics (NBS) saysJune crude oil production rose 1.9% Y/Y to 17.5mln metric tons and H1 crude output rose 2.1% Y/y to 105.1mln tonsJune crude production the highest since 2015June natural gas...
Hong Kong exchange has cancelled all Monday trading due to Typhoon
A Typhoon Signal 8 was issued earlier by the HK Observatory. It was issued at 6.40am local time, which halted morning trade. The warning will remain in effect until at least 4pm, which effectively cancels trade on HKEX for today. HKEX rules on severe...
People’s Bank of China set MLF rate at unchanged 2.65%, as expected
People's Bank of China Medium-term Lending Facility (MLF)PBOC inject 103bn yuan via a one-year MLF at 2.65% 9circa 125bn was expected, prior 237bn injection)100bn yuan of MLF are maturing todaythus net MLF injection is 3bn yuan--The PBOC's MLF rate is a benchmark...
PBOC sets USD/ CNY mid-point today at 7.1326 (vs. estimate at 7.1386)
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...
ICYMI – BlackRock CEO Fink said US inflation likely to be sticky now, stay above 2% target
BlackRock Chief Executive Officer Larry Fink speaking with CNBC on Friday, posting as a catch up. "I think we’ve seen a low in inflation, and I think inflation can be sticky between 3 and 4%. And if I’m right about job creation and the need for labor, and how that’s...
[최대 5000만원 무이자!! 주거 취약계층 특별대출! 한도 소진 전 신청하세요!! ]#3.1경제독립tv
https://www.youtube.com/watch?v=gKoVguGe9Sg [최대 5000만원 무이자!! 주거 취약계층 특별대출! 한도 소진 전 신청하세요!! ]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다 ^_^~...
The goldilocks price for oil is around US$70 per barrel.
An item from oil news site Rigzone quotes an analyst view that the sweet spot for oil pricing is around US$70 per barrel:FGE’s Director of Short-Term Global Oil Service & Head of Upstream Oil:“the problem right now is that the world thinks it needs a higher price”...
IMF says that while core inflation is well above targets, inflation appears to have peaked
An iCYMI from an International Monetary Fund (IMF) note prepared as a briefing for a G20 finance leaders meeting in India July 17 and 18. global headline inflation appears to have peakedin most of the G20 countries, particularly advanced economies, core inflation...