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...
OPEC forecasts rising global oil demand, to 110mn barrels per day by 2045
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S&P cuts its China GDP forecast for 2023 to 5.2% from 5.5% – expects uneven growth pace
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The PBOC set onshore yuan at its weakest since early November 2022, plus big OMO injection
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PBOC sets USD/ CNY reference rate for today at 7.2056 (vs. estimate at 7.2095)
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...
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https://www.youtube.com/watch?v=m5OpWgumswE [속보- 5만원 이상, 송금할 때!! 무료 신청하세요!! '보이스 피싱' 이것 안하면 크게 당한다!! ]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정"...
Heads up folks, the July (27, 28) Bank of Japan meeting is going to be huge – YCC pivot
The Bank of Japan June meeting Summary of Opinions has dropped a couple of bombshells:There is strong chance consumer inflation will moderate, but won't slow back below 2%, toward middle of current fiscal year"Although the rise in raw material prices has paused,...
PBOC is expected to set the USD/CNY reference rate at 7.2095 – 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...
More from the BOJ June meeting summary: One member called for early revision of YCC policy
I thought this was VERY significant in the Summary:There is strong chance consumer inflation will moderate, but won't slow back below 2%, toward middle of current fiscal yearMore now:One member called for early revision of YCC policyAlso significant, but the CPI not...
USD/JPY lower after the BOJ says CPI may not drop below 2%
From the Bank of Japan June meeting summary, this bombshell:There is strong chance consumer inflation will moderate, but won't slow back below 2%, toward middle of current fiscal yearIf inflation is going to remain above target why not cut back on super-easy...
BOJ says strong chance CPI will moderate, but not to back below 2% by mid fiscal year
The Bank of Japan monetary policy meeting in June outcome is here:In brief from today's 'summary'" Appropriate to maintain current monetary easingWage growth needed, not just cost-push inflation, to sustainably, stably hit price targetPremature to shift policy as...
Japan PPI Services for May +1.6% y/y (vs. expected +1.8%) prev 1.6%)
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MUFG is looking for EUR/USD to trade to 1.15, cite higher highs, higher lows
MUFG likes a higher euro, arguing that the bullish EUR/USD trend has continued thus far this year, as seen by the string of higher highs (in January and April) and higher lows (in March and May).Analysts at the bank say they are continuing to forecast EUR/USD back to...
Japan’s yen intervention guy says will respond if FX moves become excessive – verbal.
Japan's Finance Ministry's Vice Finance Minister for International Affairs Kanda. He is the guy (its normally a guy, yeah) who will instruct the BOJ to intervene, when he judges it necessary. Often referred to as Japan's 'top currency diplomat'.Will respond to FX...
Here we go, oil prices now higher after the failed coup attempt in Russia
Over the weekend we had a failed Wagner coup attempt to oust Putin in Russia. The links to the developments as they happened are belowRead from the bottom up for the chronologyI posted a few minutes ago on the price immediately after the open,w which was little...
Oil futures are open for trade, Little change from Friday’s close after failed Russia coup
Over the weekend the Wagner Group failed in its coup attempt in Russia. The links to the developments as they happened are below Read from the bottom up for the chronologyOil trade has begun in US futures. WTI is little changed. Unlike Putin's undies. Oil is...
UK Times says Britain told to “Prepare for fall of Putin”
A front-page piece in the UK Times on the weekend's failed coup attempt in Russia, saying it ain't over for Putin. Yet. The Times is gated, but in brief:Britain must prepare for the sudden collapse of the Russian government after the weekend's attempted coup. internal...
[가사 도우미 200만원!! 무료지원 받으세요!! 신청해야 받습니다!! 지자체 무료지원 서비스!! ]#3.1경제독립tv
https://www.youtube.com/watch?v=-ilKD9UOH6c [가사 도우미 200만원!! 무료지원 받으세요!! 신청해야 받습니다!! 지자체 무료지원 서비스!! ]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다...
China‘s foreign minister met with Russian deputy FM in Beijing after failed coup attempt
China‘s foreign minister Qin Gang met with Russian deputy FM Andrey Rudenko in Beijing on Sunday, June 25, after the Wagner coup failure. The Russian readout said China supported the Russian government in its efforts to stabilise the situation related to the events on...
Chinese domestic air travel mobility indicators still point to stalling China recovery
I posted over the weekend on China's continued stalling economic recovery:A little more now from around the weekend news:China scheduled domestic flights have given back the early May gains and are back to Apr 11-17 levels. Scheduled domestic flights were -0.9% w/w...