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,...
Magnitude 6.1 earthquake off Japan east coast – Izu Islands
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,...
RBA – small but rising share of Australian households in early stages of financial stress
From the Reserve Bank of Australia Financial Stability Review (full text here) Global financial stability risks are elevated and growingRisks include China property sector, a disorderly fall in global asset prices, exposure to commercial real estateTightening in...
Former BoJ official: BoJ will likely discuss whether to tweak fwd guidance, YCC at meeting
Kazuo Momma is a recent ex-Bank of Japan official, was the executive director in charge of monetary policy, and is now a senior economist at Mizuho Research & Technologies.He says Bank of Japan board members will likely discuss whether to tweak forward guidance...
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“De-inverting” yield curve is the new “inverting yield curve” recession warning
An inverted yield curve refers to a situation in the bond market where longer-term debt instruments have a lower yield than shorter-term debt instruments. Typically, longer-term bonds have higher yields than shorter-term bonds to compensate investors for the...
Goldman Sachs on the sharp USD/JPY ‘intervention’ drop from 150
This summary of a Goldman Sachs note is via the folks at eFX. For bank trade ideas, check out eFX Plus.USD/JPY's Abrupt Movements:From the end of July, there has been a gradual weakening of the JPY against the USD. However, the trajectory witnessed a sudden twist on...
Japan August Household spending -2.5% y/y
Household spending data from Japan for August 2023. -2.5% y/yexpected -4.3%, prior -5.0% 3.9% m/mexpected +0.9% and prior -2.7%The y/y drop has extended to six consecutive months with this data point today.Its difficult to see the Bank of Japan getting too excited...
Japan data: August inflation adjusted (real) wages fell 2.5% y/y
Japan's real wages in August declined for a 17th month in a row. This is important as the Bank of Japan has persistently been emphasising that sustainable wage rises is a prerequisite for deciding whether and how to dismantle its ultra-loose monetary stimulus....
Report that US President Biden has begun making plans for personal meeting with China’s Xi
The White House has begun making plans for a November meeting in San Francisco between President Biden and Chinese leader Xi Jinping. At the Asia-Pacific Economic Cooperation summit, to be held Nov. 11-17. WaPo with the report (may be gated), says: With tension high,...
Non-farm payroll previews – still solid jobs market expected
Deutsche Bank forecasts:headline +150Kunemployment rate 3.9%earnings growtht +0.2% m/mWestpac on the September’s US nonfarm payrolls report:will reflect moderating jobs growthWestpac are forecasting that the unemployment rate will likely remain steady at 3.8% as...
Czech central banker Kubelkova says inflation may drop near target already in January
Czech central bank board member Karina Kubelkova spoke in an interview with daily Mlada Fronta Dnes, published on Friday: said Czech inflation may drop near the central bank's 2% target already in January and be around it in the first half of 2024 said that to start...
Trump would accept House speakership for a “short period” – Fox reporting
Fox with the report that former US President Trump says he'd step in as Speaker of the US House. "I have been asked to speak as a unifier because I have so many friends in Congress," "If they don’t get the vote, they have asked me if I would consider taking the...
OPEC could intervene in oil market if prices dip too far
That's the view from RBC on the oil price drop. Global head of commodity strategy at RBC Capital Markets spoke with CNBC on Thursday: “I think OPEC is a different OPEC than in 2015. ... I would anticipate, if we continue to see selling pressure over the next few days,...