Prior 91.7; revised to 91.5Current conditions 93.7 vs 93.5 expectedPrior 94.8Outlook 83.6 vs 88.0 expectedPrior 88.6; revised to 88.3It's softer readings across the board as compared to May and that reflects worsening conditions in the German economy towards the end...
SNB total sight deposits w.e. 23 June CHF 508.0 bn vs CHF 510.6 bn prior
> SNB total sight deposits w.e. 23 June CHF 508.0 bn vs CHF 510.6 bn prior Latest data released by the SNB - 26 June 2023 <!--> Justin Low Monday, 26/06/2023 | 08:00 GMT-0 26/06/2023 | 08:00 GMT-0 --> <!--> Domestic sight deposits CHF 496.6 bn vs CHF...
Crude Oil, Coups and the old ”Follow the money” rule
At this point, you are all aware of the brief attempted and aborted uprising in Russia over the weekend, led by businessman and mercenary Yevgeny Prigozhin and implemented by the private military group Wagner. It is not our purpose to delve into further geo-political...
The risk aversion starts to kick in again
10-year Treasury yields are down 4.3 bps to 3.696%, at the lows for the day now. And that comes alongside a retreat in equities right after the open in Europe as mentioned here.In turn, we are seeing the Japanese yen push higher across the board with USD/JPY now down...
Weekly Market Outlook (26-30 June)
UPCOMING EVENTS:Tuesday: Canada CPI.Thursday: US Jobless Claims.Friday: EZ CPI, US Core PCE.Tuesday: The Canadian Headline CPI Y/Y is expected to come at 4.2% vs. 4.4% prior, while the M/M reading is seen at 0.5% vs. 0.7% prior. The Core CPI Y/Y is forecasted at 3.9%...
Stocks pare gains right after the European market open
European indices are now slipping into negative territory, with US futures also paring gains on the day. It's just 15 minutes right after the open here in Europe but the jitters from last week are coming back.As you can see, S&P 500 futures are now down by 0.1% to...
Japan chief Cabinet secretary Matsuno says closely watching FX moves
Important for exchange rate to move stably reflecting economic fundamentalsSeeing sudden and one-sided moves in the FX marketClosely watching the moves with high sense of urgencyThe verbal intervention continues from Japan over the past week, with USD/JPY having...
European equities a touch higher at the open today
Eurostoxx +0.2%Germany DAX +0.2%France CAC 40 +0.2%UK FTSE +0.2%Spain IBEX +0.2%But can it last? The question last week was whether growth worries or the run up to quarter-end being reasons to have dragged equities lower. If it is the former, things haven't really...
Russell 2000 futures technical analysis in 60 seconds, 26 June 2023
Market trends of Russell 2000The Russell 2000 futures experienced a downturn, closing lower on June 23, 2023, following a week characterized by increase, but still, fairly low volatility , as the ViX is still quite low.The index, which maintained its position within a...
아는 사람만 받는다! 에너지쉼표
https://www.youtube.com/watch?v=elwJkELvFhI 오늘은 전기를 절약하면 에너지캐시백보다 10배에서 30배 이상 더 많이 돌려주는 제도를 소개해 드리겠습니다. 역시 전 국민이 대상인데요. 실제로 모든 국민이 참여할 수 있는 건 아니지만, 정부에서 국민 누구나 참여 가능하다고 홍보하고 있어서 제가 자세한 내용을 확인해 봤습니다. MoneyMaker FX EA Trading...
FX option expiries for 26 June 10am New York cut
There aren't any major expiries to take note of for today. However, there might be a few to be mindful about later in the week especially as we head into month-end and quarter-end trading.For now though, trading sentiment will continue to rely more on the risk mood...
Japan April leading indicator index 96.8 vs 96.8 prior
Prior 96.8Coincident index 97.3Prior 97.2There is no change to the assessment of the coincident index, still seen as "improving". And in terms of overall leading indicators, there isn't much change to the Japanese economy from March to April at least.MoneyMaker FX EA...
Dollar just a touch lower ahead of European trading
The risk rotation play last week was a key theme in markets and will we see that continue this week ahead of month-end and quarter-end trading? That's certainly a consideration after the flows we saw as mentioned here at the time.For now, markets seems to be taking a...
British Pound After BoE Rate Hike: GBP/USD, EUR/GBP, GBP/AUD Price Action
British Pound Vs US Dollar, Euro, Australian Dollar – Price Setups:GBP/USD is holding below stiff resistance even after surprise 50-bp move by BoE last week.Speculative long GBP positioning has jumped to pre-Covid levels.What is the outlook for GBP/USD, EUR/GBP,...
Wall Street Journal headline: “This Bull Market Is Just Getting Started, Traders Bet”
The Wall Street Journal have published a piece titled:The journal uses the 'euphoria' word:Bullish bets on artificial intelligence have boomed. More than 1.3 million call contracts on chip makers Nvidia changed hands on an average day in June, on track for the highest...
Recapping the Bank of Japan Summary document published today – call for YCC change
Earlier posts on this are here, read from the bottom up for the chronology:Asia media have a recap posted, link here if you'd like to read details. In summary:A Bank of Japan (BOJ) policymaker called for an early revision to its yield curve controla revision to the...
European Central Bank speakers today include Lagarde and de Cos
These are the European Central Bank speakers I have listed for Monday, 26 June 2023:1730 GMT/1330 US Eastern time: Bank of Spain's governor Pablo Hernández de Cos attends the 2023 ECB Forum on Central Banking "Macroeconomic stabilization in a volatile inflation...
ForexLive Asia-Pacific FX news wrap: BOJ drops hints of policy change/tweak in July
Japan finance minister Suzuki says will respond in FX moves are excessiveSaudi Aramco says China India are especially driving oil demand despite economic headwindsOPEC forecasts rising global oil demand, to 110mn barrels per day by 2045S&P cuts its China GDP...
Japan finance minister Suzuki says will respond in FX moves are excessive
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,...
Saudi Aramco says China India are especially driving oil demand despite economic headwinds
Comments crossing news wire from the Saudi Aramco CEO: Oil markets fundamentals remain generally sound for rest of the yearDeveloping countries, especially China and India, driving oil demand growth of more than 2mln barrels/day this yearsays China's transport and...