Bloomberg (gated) has the report on the manager of US$8.8 billion JPMorgan Strategic Income Opportunities Fund.In brief:As of the end of August, 63% of the portfolio was in cash-like instrumentsthe rest is primarily in short-dated, floating-rate investment-grade...
YaMarkets: Alleviating Concerns About the Safety of Your Funds
YaMarkets, a trusted leader in the forex industry, is dedicated to alleviating the legitimate concerns and apprehensions that often accompany the question, "What will brokers do with my hard-earned funds?"It is only natural for traders to have questions and concerns...
Market Update – October 6- Wait and see: NFP ahead
It has been a quiet day in the markets with subdued volumes and small changes: in America US30 ticked down 0.03% while both US500 & US100 lost around 0.1% and volumes have been 15% lower than the 30-day average. But European indices and other asset calls such as...
USDJPY Technical Analysis – All eyes on the NFP report today
US:The Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike...
Halifax says downward pressure on UK house prices likely to last into next year
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,...
Former Fed vice chair Clarida says the BOJ policy rate could be hiked to 0% by early 2024
Clarida is now a Pacific Investment Management Co (PIMCO) managing director and the firm's global economic advisor. He posted his thoughts on the Bank of Japan. In brief: After seeing years of disinflation or outright deflation, Japan’s policymakers are comfortable...
German industrial orders rebounded in August
German industrial ordersThe market has largely ignored the strong German industrial orders data released a short time ago. The euro is down 17 pips on the day, mostly since the release at 0800 CET, though bund yields are up 1.6 bps.Orders rose 3.9% in August compared...
Some bids creep into the dollar ahead of non-farm payrolls
The US dollar slackened yesterday as yields faded and positions were squared ahead of non-farm payrolls but the dollar is reasserting itself today. That's been coupled with a 2 bps rise in yields across the Treasury curve.USD/JPY is particularly strong, up 45 pips to...
US non-farm payroll preview – here are the ranges of estimates
The ranges from the survey are useful to be aware of for such high-profile data. When the actual results fall outside the range of estimates the market impact can be outsized. I posted earlier in the week the range of estimates for the ADP data, which then came in...
Goldman Sachs non-farm payroll preview
Goldman Sachs preview the US labor market report: Despite the labor market continuing to rebalance, with our jobs-workers gap now a large part of the way back to pre-pandemic levels, we estimate Friday's jobs report will show a strong 200k (mom sa) rise in nonfarm...
Federal Reserve Board Governor Christopher Waller speaks on Friday
1600 GMT / 1200 US Eastern time:Federal Reserve Board Governor Christopher Waller speaks on "Payments" before the Brookings Institution "Making America's Payment System Work for a Digital Currency" event I won't be expecting anything on his economic outlook, nor...
ECB speaker for Friday, 6 October 2023 is Cyprus Central Bank Governor Herodotou
Cyprus Central Bank Governor Constantinos Herodotou will be speaking Friday. He is a member of the ECB Governing Council, and will be speaking at the Limassol Economic Forum. His is the keynote speech, scheduled for 9.45am local time, which is:0645 GMT0245 US Eastern...
FX option expiries for Friday, 6 October 2023, 10 am New York cut
Justin will be away today so here are the expires a little earlier than usual. EUR/USD: 1.0450 EUR2.69bn, 1.0685 EUR2.56bnUSD/JPY: 150.00 US$1.82bn, 149.00 US$825.5mn, 150.25 US$704.6mnUSD/CNY: 7.3000 US$1.57bn, 7.2000 US$804.5mnAUD/USD: 0.6400 AUD2.18bn, 0.6300...
MUFG says BOJ could end negative rates as early as January 2024
Reuters conveying opinion from MUFG’s Market HeadLingering concerns about govt finances likely to keep investors on guard against buying JGBsBOJ could move to end negative interest rates as early as in January BOJ will probably have to maintain the YCC framework to...
ForexLive Asia-Pacific FX news wrap: Awaiting the Non-farm Payroll report
Ranges for major FX rates were subdued as Asia-Pacific traders were content to await the US jobs report due at 8.30am US Eastern time.News flow was very light, as was data flow. We did get another poor data point in the August wages information from Japan. Real wages...
SGD traders heads up – Monetary Authority of Singapore policy statement due October 13
The Monetary Authority of Singapore is the country's central bank. It has two scheduled policy meetings a year, in April and October. Its announced the date it'll deliver its next policy statement, Friday October 13. Friday the 13th has a few superstitions surrounding...
Japan finance minister Suzuki repeats he has no comment if Japan intervened in FX market
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,...
Tesla has cut prices for some vehicles in the US
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 President Biden to deliver remarks on jobs report Friday at 11:30 am US Eastern time
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 Mineral Resources Group, huge buyer of iron ore, in talks with 4 big suppliers
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,...