Japanese Finance Minister Suzuki spoke on Sunday at a news conference alongside Bank of Japan Governor Ueda following the meeting of Group of Seven finance ministers and central bank heads in India.Kyodo News reported Suzuki on the yen, said there was “no discussion”...
Chinese June activity data & Q2 GDP due today (GDP expected to be inflated by base impact)
The Chinese data release is scheduled for 0200 GMT on Monday, 17 July 2023 this is 10pm US Eastern time on Sunday, 16 July Expectations for June 'activity' data are subdued, reflecting the weak economic recovery China is experiencing. The y/y GDP is showing an...
Black Sea grain deal has not been extended as of now, but everything is possible says TASS
Reuters with the headline, via Russian news agency TASS citing UN sources. Says that the Black Sea grain deal has not been extended as of now but everything is possible.The Black Sea grain deal, in a nutshell, allows for commercial food and fertilizer exports from...
Weekend China data – New home prices unchanged in June, weakest result this year
Data released on Saturday from China's National Bureau of Statistics (NBS) for new home prices in the country for June:0% change m/m, the weakest so far for 2023prior +0.1% in MayAlso 0% y/yprior +0.1% y/y in May alsoThere have been more support measures for the...
JPY traders (and others) – it’s a Japanese market holiday today
A reminder that it's a holiday in Japan today and markets there are closed. This will thin out interest and liquidity during the Asian timezone somewhat. There will be no cash US Treasury trade in Japan. Other major regional FX centres are open: New Zealand,...
Australian Treasurer Chalmers sees substantial economic slowdown, jobless up, CPI down
Australian Treasurer Jim Chalmers spoke on Australia public broadcaster TV show over the weekend, He said he expects a substantial economic slowdown and for unemployment to pick up as inflation eases “As the Reserve Bank forecasts and the Treasury forecasts have...
Economic calendar in Asia 17 July 2023 – Chinese data and PBOC rate setting
From China today we have the People's Bank of China setting this month's Medium-term Lending Facility (MLF) rate. In June the PBOC cut the MLF rate, signalling a cut to loan prime rates that followed a few days later:There is no change expected to the MLF today.The...
Trade ideas thread – Monday, 17 July 2023
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:.And, ICYMI earlier - it's a Japanese holiday today, markets there are...
Monday morning open levels – indicative forex prices – 17 July 2023
Good morning and welcome to the new FX week!On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online.Prices are liable to swing around on not too much at all, so take care out there.As a ps. Japanese markets are closed...
Newsquawk Week Ahead: China activity data, PBoC LPR, US retail sales, UK, NZ, & Canada CPI
MON: PBoC MLF, South Korean Trade Balance Revised (Jun), Chinese GDP (Q2), Retail Sales, and Industrial Output(Jun)TUE: RBA Minutes, SARB Press Release, US Retail Sales (Jun), Canadian CPI (Jun), New Zealand CPI (Q2)WED: UK Inflation (Jun), EZ Final CPI (Jun),THU:...
The US dollar fell sharply last week before consolidating on Friday.What next technically?
> Technical Analysis > The US dollar fell sharply last week before consolidating on Friday.What next technically? Technical Analysis What levels are in play in the new trading week <!--> --> <!--> --> EURUSD:USDJPY:GBPUSD:USDCHFUSDCAD:AUDUSD:...
Weekly Market Outlook (17-21 July)
UPCOMING EVENTS:Monday: PBoC MLF.Tuesday: US Retail Sales, Canada CPI.Wednesday: New Zealand CPI, UK CPI.Thursday: PBoC LPR, Australia Jobs Report, US Jobless Claims.Friday: Japan CPI, UK Retail Sales.Monday: There’s no expectations for the PBoC to cut the MLF rate as...
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https://www.youtube.com/watch?v=LokqoAKbLtQ 바로 오늘부터 재산세 납부가 시작됐습니다. 이달 안에 재산세를 내지 않으면 가산세가 3% 붙는 건 알고 계시겠죠? 그래서 오늘은 재산세를 조금이라도 아낄 수 있는 꿀팁을 설명드리겠습니다. #세금캐시백 #꿀팁 #세금줄이는방법 MoneyMaker FX EA Trading...
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Euro Forecast: EUR/USD Breakout Gains Momentum but Fibonacci Resistance on Radar
EUR/USD OUTLOOK:EUR/USD soars nearly 2.5% this week, rising to its best levels since February 2022A dovish repricing of interest rate expectations following softer-than-expected U.S. inflation data may be responsible for recent moves in the FX spaceMarket dynamics and...
Forexlive Americas FX news wrap 14 Jul. USD rises today but down for the week
Today, the US Dollar rallied, stimulated by rising preliminary inflation expectations from the University of Michigan's monthly consumer survey and overall stronger data. The bond yields also recorded a sharp incline.The inflation reading depicted a minor increment,...
S&P and NASDAQ snap four-day winning streak. Dow up for the 5th consecutive day
The broader S&P and NASDAQ index snapped 4-day winning streaks, while the Dow industrial average extended its streak to 5 days. UnitedHealth soared by 7.27% today and was responsible for over 200 points of the Dow's gains today. The Dow closed up $113.89 points.A...
Bank of Canada’s Macklem: Our forecast has inflation moving around 3% most of next year
BOC's Macklem comments in a Globe and Mail articleInflation is going to be around 3% going forwardSurprised by ongoing strength in demand in the economy, and persistence of underlying inflationary pressuresLabor markets have eased a bit but remained a very tightOur...
WTI crude oil futures settle at $75.42
TheThe price of WTI crude futures is settling at $75.42. That's it down $-1.47 or -1.91%. Although down nearly 2% today, the price this week is still up 2.09% helped by a more positive technical view.Crude oil stalled at the 200 day MA this weekLooking at the daily...
The USDCHF made a break to the lowest level since January 2015 this week. That’s important
The USDCHF broke sharply to the downside this week following the dollar's move lower on the back of lower CPI and PPI. The prices of imports also came in lower with the YoY now down -6.1%. That sent yields lower and it pressured the USDCHF as well.Technically, the...