Singapore Non-oil Domestic Exports (NODX) for June 2023 ++5.4% m/mexpected +5.9%, prior -14.6%-15.5% y/yexpected -15.8%, prior -14.7----Singapore Non-oil Domestic Exports (NODX) measures the value of goods exported from Singapore excluding oil and petroleum...
PBOC is expected to set the USD/CNY reference rate at 7.1386 – 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...
UBS forecast EUR/USD to 1.18 (12 month horizon)
UBS are looking for the US dollar to weaken, citing the "steady" fallback in global inflation, and that price pressure is easing in the US faster than in Europe. Analysts at the bank point to energy subsidies to consumers in Europe meant inflation was slower to rise...
Bank of America says the recent USD selling may be an over reaction
This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. -BofA Merrill Lynch Global Research has weighed in on the recent USD sell-off,...
There may be no trading in Hong Kong this Monday morning due to the typhoon
A Typhoon Signal 8 has been issued by the HK Observatory.UPDATE - MORNING TRADE CANCELLEDThe signal is expected to be in be in force through until midday. If so its likely that trade on the HKEX will be disrupted.HKEX rules on severe weather:pre-market trade is...
New Zealand data – June services PMI 50.1 (prior 53.3)
BusinessNZ Performance of Services Index (PSI) for June 2023 comes in still barely in expansion at 50.1prior 53.3 activity levels for the last three months have all been below the long-term averageBNZ Senior Economist Craig Ebert“together, the NZ PSI and PMI paint a...
Russia has seized shares of Danone and Carlsberg subsidiaries
AFP with the report that wanted Russian war criminal President Vladimir Putin signed a decree published on Sunday, taking control of shares belonging to French agribusiness Danone and Danish brewer Carlsberg.Putin's decree says the Russian state would "temporarily"...
Japan finance minister says there was ‘No discussion’ of exchange rates at G7.
Japanese Finance Minister Suzuki spoke on Sunday at a news conference alongside Bank of Japan Governor Ueda following the meeting of Group of Seven finance ministers and central bank heads in India.Kyodo News reported Suzuki on the yen, said there was “no discussion”...
Chinese June activity data & Q2 GDP due today (GDP expected to be inflated by base impact)
The Chinese data release is scheduled for 0200 GMT on Monday, 17 July 2023 this is 10pm US Eastern time on Sunday, 16 July Expectations for June 'activity' data are subdued, reflecting the weak economic recovery China is experiencing. The y/y GDP is showing an...
Black Sea grain deal has not been extended as of now, but everything is possible says TASS
Reuters with the headline, via Russian news agency TASS citing UN sources. Says that the Black Sea grain deal has not been extended as of now but everything is possible.The Black Sea grain deal, in a nutshell, allows for commercial food and fertilizer exports from...
Weekend China data – New home prices unchanged in June, weakest result this year
Data released on Saturday from China's National Bureau of Statistics (NBS) for new home prices in the country for June:0% change m/m, the weakest so far for 2023prior +0.1% in MayAlso 0% y/yprior +0.1% y/y in May alsoThere have been more support measures for the...
JPY traders (and others) – it’s a Japanese market holiday today
A reminder that it's a holiday in Japan today and markets there are closed. This will thin out interest and liquidity during the Asian timezone somewhat. There will be no cash US Treasury trade in Japan. Other major regional FX centres are open: New Zealand,...
Australian Treasurer Chalmers sees substantial economic slowdown, jobless up, CPI down
Australian Treasurer Jim Chalmers spoke on Australia public broadcaster TV show over the weekend, He said he expects a substantial economic slowdown and for unemployment to pick up as inflation eases “As the Reserve Bank forecasts and the Treasury forecasts have...
Economic calendar in Asia 17 July 2023 – Chinese data and PBOC rate setting
From China today we have the People's Bank of China setting this month's Medium-term Lending Facility (MLF) rate. In June the PBOC cut the MLF rate, signalling a cut to loan prime rates that followed a few days later:There is no change expected to the MLF today.The...
Trade ideas thread – Monday, 17 July 2023
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:.And, ICYMI earlier - it's a Japanese holiday today, markets there are...
Monday morning open levels – indicative forex prices – 17 July 2023
Good morning and welcome to the new FX week!On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online.Prices are liable to swing around on not too much at all, so take care out there.As a ps. Japanese markets are closed...
Newsquawk Week Ahead: China activity data, PBoC LPR, US retail sales, UK, NZ, & Canada CPI
MON: PBoC MLF, South Korean Trade Balance Revised (Jun), Chinese GDP (Q2), Retail Sales, and Industrial Output(Jun)TUE: RBA Minutes, SARB Press Release, US Retail Sales (Jun), Canadian CPI (Jun), New Zealand CPI (Q2)WED: UK Inflation (Jun), EZ Final CPI (Jun),THU:...
The US dollar fell sharply last week before consolidating on Friday.What next technically?
> Technical Analysis > The US dollar fell sharply last week before consolidating on Friday.What next technically? Technical Analysis What levels are in play in the new trading week <!--> --> <!--> --> EURUSD:USDJPY:GBPUSD:USDCHFUSDCAD:AUDUSD:...
Weekly Market Outlook (17-21 July)
UPCOMING EVENTS:Monday: PBoC MLF.Tuesday: US Retail Sales, Canada CPI.Wednesday: New Zealand CPI, UK CPI.Thursday: PBoC LPR, Australia Jobs Report, US Jobless Claims.Friday: Japan CPI, UK Retail Sales.Monday: There’s no expectations for the PBoC to cut the MLF rate as...
오늘부터 신청! (7월 16일) 7월 31일까지 세금 돌려받으세요!
https://www.youtube.com/watch?v=LokqoAKbLtQ 바로 오늘부터 재산세 납부가 시작됐습니다. 이달 안에 재산세를 내지 않으면 가산세가 3% 붙는 건 알고 계시겠죠? 그래서 오늘은 재산세를 조금이라도 아낄 수 있는 꿀팁을 설명드리겠습니다. #세금캐시백 #꿀팁 #세금줄이는방법 MoneyMaker FX EA Trading...