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,...
China National Bureau of Statistics (NBS) official says economic indicators positve change
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,...
Japan govmt says closely watching speculative FX moves
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 Governor provides directions for stock buybacks
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,...
China Sept: Retail sales +3.2% y/y (expected +2.5) Industrial production +5.4% y/y (4.6)
The data is in the screen shot below.More:the unemployment rate in 31 cities was 5.1%January - September property investment was down 10.1% y/yJanuary - September infrastructure investment was +4.1%Offshore yuen is up a little after the data.All three of the major...
China Q3 GDP 4.6% y/y (expected 4.5%) 0.9% q/q (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,...
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China September new house prices -5.7% y/y (prior -5.3%)
China home price data for September 2024:-5.7% y/yprior -5.3%-0.7% m/mprior also -0.7%We've been banging on all year (more?) about the vicious cycle of lower home prices breeding buyer reluctance (why buy no when prices fall, get it cheaper later) breeding lower...
PBOC sets USD/ CNY reference rate for today at 7.1274 (vs. estimate at 7.1267)
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 says its necessary to increase support to the real economy
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,...
US politics – “Big Jack Smith document dump” expected Friday – Trump wanted this blocked
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PBOC is expected to set the USD/CNY reference rate at 7.1267. – 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...
Yen intervention comments out of Japan
USD/JPY is down, just above 150.00 as I update. Atsushi Mimura is Japan's vice finance minister for international affairs, AKA 'top currency diplomat'.Japan's finance ministry is the relevant authority in Japan for ordering intervention in the JPY. Mimura has taken...
Confirmation news – China banks cut fixed deposit rates by 25bp
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,...
USD/JPY little changed after Japan’s September inflation data
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,...
Japan data – September CPI Headline +2.5% y/y (vs. +2.5% expected)
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,...
Japan CPI data due at 2330 GMT / 2230 US Eastern time
CPI data in September is expected to be lower than in August.You'd think such an event might count against the Bank of Japan hiking rates, but they seem to be intent on doing so despite the incoming data. It'll be interesting to see how the yen responds. USD/JPY above...
ICYMI – NAB forecast a Reserve Bank of Australia rate cut at the first meeting of 2025
A note this week from National Australia Bank shifting forward their projection for the RBA:We have brought forward our expectations for the timing of rate cuts, now seeing a first cut in February 2025 (previously May)we continue to see a gradual pace of cuts back to...
Trump tariffs “would fall particularly heavily on states in the Midwest and South”
This is via a bipartisan think tank in the US, Urban-Brookings Tax Policy Center.A paper from the centre looks at the proposed 10% tariff on all products and materials imported from abroad ... paired with a Trump-proposed 60% tariff on imports from ChinaIt concludes...
UBS see plenty more European Central Bank rate cuts, Dec & 2025. Euro has cyclical support
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,...