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,...
FX option expiries for 16 June 10am New York cut
There are a couple of big ones to take note of, as highlighted in bold.The main ones in particular are for EUR/USD with the larger of the two sitting at 1.0900. That might keep price action more anchored and if anything else, should at least provide a decent...
EUR/USD Price Forecast: 1.133 by the end of 2023?
Currency trading is a complex and ever-changing market, but there are some key trends that can help you make informed trading decisions. In this analysis video, I will take a look at the EUR/USD exchange rate and forecast its potential movement in the coming year.Key...
Dollar beaten down, what’s next?
The dollar was battered in trading yesterday, with the selling coming mostly in US trading. It also comes after the ECB but I wouldn't really say that was much of a trigger, apart from perhaps a strong run higher in the euro currency itself.For the dollar, it was...
ForexLive Asia FX news wrap: The Bank of Japan left monetary policy unchanged, as expected
It was a rangebound day for major FX in Asia here ahead of the BOJ statement. More on the BOJ in a moment.Otherwise there was no data of impact, and news flow was extremely light. We had small dribbles from China on boosts to the economy. The next round of monetary...
JP Morgan expects the European Central Bank to hike to 4% in September
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,...
UBS lowered its forecast for China’s 2023 economic growth to 5.2%, from 5.7% previously
The updated UBS forecasts for China GDP come via Bloomberg, gat5ed. UBS lowered its forecast for China’s gross domestic product growth this year to 5.2%their previous projection was 5.7%lowered their 2024 forecast to 5% from 5.2%Citing reasons including:“the weakening...
Japanese Yen Slips as BOJ Keeps Policy Unchanged: What’s Next for USD/JPY?
US Dollar, Japanese Yen, USD/JPY, BOJ – Talking Points:BOJ kept ultra-loose policy settings unchanged, in line with expectations.USD/JPY rose slightly in reaction to status quo on policy.What is the outlook for USD/JPY and what are the signposts to watch? Recommended...
BOJ announces no change to JGB Yield Curve Control tolerance band, as widely expected
Statement from the Bank of Japan after its June 2023 monetary policy meeting. No change.BOJ maintains short-term interest rate target at -0.1%maintains 10-year JGB yield target around 0%maintains band around 10-year JGB yield target at up and down 0.5% eachmade...
Westpac forecasts the RBA terminal rate to 4.6% in August
WPAC had expected a +25bp rate hike in July, which they still expect, but add in:We now expect a further final increase in the cash rate of 0.25% to 4.6% at the August Board meeting, for a peak in the cycle of 4.6%.In their reasoning WPAC cite:The May Labour Force...
China’s State Planner says it’ll speed up implementation of key projects
The National Development and Reform Commission of the People's Republic of China (NDRC) is the 'state planner'.Says it will speed up implementation of key projects, push forward major infrastructure projects in energy, water and transport.Also announces:approved 14...
China’s third batch of 2023 crude oil import quotas issued, taking volumes to up 20% y/y
Reuters had this info ICYMI, citing six people and documents sighted:China has issued a third batch of 2023 crude oil import quotas, raising the total volume in the first half of this year to 194.1 million tonnes, up 20% from the same period last yearLink here for...
Reminder – The Bank of Japan statement is expected some time in the 0230 – 0330 GMT window
They are a mysterious bunch at the Bank of Japan. They don't provide a firmly scheduled time for their policy decision announcement. Experience has shown to expect it sometime in the 0230 GMT to 0330 GMT (10.30 pm - 11.30 pm US Eastern time) time window. Experience...
Summers: Federal Open Market Committee (FOMC) driven by internal politics – ‘disturbing’
Former Treasury Secretary and now Harvard academic Lawrence Summers said the result of this week's Federal Open Market Committee (FOMC) meeting was a set of inconsistent decisions and actions. “I found the Fed’s action a little bit confusing” he said, citing:there...
PBOC sets USD/ CNY reference rate for today at 7.1289 (vs. estimate at 7.1282)
The previous close was 7.1225---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 system that allows the value of the...
Japan finance minister Suzuki says he has no comment on FX levels
Japan finance minister Suzuki says he has no comment on FX levels. Such comments from him usually precede a huge tirade from him on FX levels. And ... here we go:FX should move stably reflecting the fundamentalsClosely watching forex movessharp FX moves are...
Singapore’s May non-oil exports fall 14.7% y/y, much worse than the -8.1% expected
Data for Singapore's non-oil domestic exports, -14.7% y/y in Mayvs. -8.1% expected, prior was -9.8% in Aprildeclines in both electronic and non-electronic products---Singapore Non-oil Domestic Exports (NODX) measures the value of goods exported from Singapore...
[풀과의 전쟁! 시골텃밭 이렇게 하면 풀 자체가 없어요.ㅋ 제초제 안쳐도 5년은 풀걱정 끝! 전세계 1등 조경수 에머랄드그린 이렇게 크고 있네요^^~]#3.1경제독립tv
https://www.youtube.com/watch?v=0uqqzRE3IYM [풀과의 전쟁! 시골텃밭 이렇게 하면 풀 자체가 없어요.ㅋ 제초제 안쳐도 5년은 풀걱정 끝! 전세계 1등 조경수 에머랄드그린 이렇게 크고 있네요^^~]#3.1경제독립tv 여러분이 경제독립을 이루는 그날까지 함께 하겠습니다! #3.1경제독립tv#에머랄드그린#문그로우#블루헤븐#위치타블루#썰프레아#블루아이스#블루애로우#써니스마라그#골든스마라그#리틀자이언트#그린자이언트#목수국#재큐몬티자작나무#백자작...
PBOC is expected to set the USD/CNY reference rate at 7.1282 – Reuters estimate
Its been a huge week in China.3 policy rates cut:Fuel price cuts:And there is more stimulus to come. The Bank is expected to cut Loan Prime Rates next week. This is scheduled for Tuesday the 20th. Current LPRs are: 3.65% for the one year4.30% for the five yearAnd even...
Deutsche Bank expect an ECB terminal rate of 3.75%, but risks remain clearly to the upside
This is in brief from Deutsche Bank's look at the European Central Bank's 'as expected' rate hike of 25bp to 3.5% yesterday and outline what's still to come from the Bank. Our baseline expectation is a final 25bp hike in July to a terminal rate of 3.75%. The risks...