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,...
PBOC sets USD/ CNY reference rate for today at 7.0760 (vs. estimate at 7.0752)
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...
Japan announces further sanctions on Russia
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,...
Crude Oil Price Retreats on OPEC+ Perspective and a Firm US Dollar. Where to for WTI?
Crude Oil, OPEC+, US GDP, WTI, US Dollar, RBOB, OVX Index – Talking PointsCrude oil tumbled going into the Friday session after posting a 3-week highThe June OPEC+ meeting could see some action with conflicting views among membersThe structure of the market could be...
Japan Fin Min Suzuki says closely watching FX move, FX rates should be set by fundamentals
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,...
A US official is reported as saying Biden and McCarthy near a debt limit deal
Reuters with these headlines: Biden and McCarthy near deal that would raise debt ceiling for two years and cap spending on most items other than military and veterans Biden and Democrats considering scaling back boost in IRS funding as part of budget deal---Another...
PBOC is expected to set the USD/CNY reference rate at 7.0752 – 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...
China ‘readout’ of meeting with US Commerce Secretary
The US side take is here: China commerce minister comments now on the meeting with US Commerce SecretaryChinese side expressed key concerns on US economic and trade policies towards China, semiconductor policies, export controls Both sides agreed to establish...
US and China Commerce ministers met in Washington
The US 'readout' of the meeting between U.S. Commerce Secretary Gina Raimondo and Chinese Minister of Commerce Wang Wentao on Thursday in Washington"The two had candid and substantive discussions on issues relating to the U.S.-China commercial relationship, including...
Japan Services PPI 1.6% (vs. expected 1.4%, prior 1.6%)
Japan Services PPI for April 2023Japan's Services Producer Price Index (Services PPI) measures the average change over time in selling prices received by domestic producers of services indicates inflation trends within the services sector of the Japanese...
RBNZ Assistant Governor Silk says the cash rate needs to stay on hold for an extended 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,...
Tokyo area CPI for May, headline 3.2% vs. 3.4% expected
The rate of core-core inflation (this is the excl food and energy and is the closest measure to the US 'core' CPI has risen from April and is not at its highest since April 1982. Enrgy costs fell a little in the month due to subsidies for electricity and gas supplies....
Fitch places Fannie Mae and Freddie Mac on rating watch negative
Fitch Ratings again, chipping away at the US sovereign Fitch places Fannie Mae and Freddie Mac ratings on rating watch negativeRating actions follow Fitch's placement of Unities States’ 'AAA' long-term foreign and local currency IDRS on RWN on May 24, 2023Fannie Mae's...
Lloyd’s Register drops ships of top Indian carrier of Russian oil
Reuters with the report:Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told...
US House Speaker McCarthy: “We do not have a deal on debt ceiling”
US House Speaker McCarthy: We do not have a deal on debt ceilingnegotiators will continue workingIts hard, but we're working and we're going to continue until we get this done---This fiasco saga jusyt goes on and on. There are around 7 days to go before a possible...
Wall Street Journal reports: Big Banks Might Face Breakup, Top Regulator Says
Acting Comptroller of the Currency Michael Hsu said:Big banks may need to be broken into smaller pieces if they become too big to manage and are unable to fix significant regulatory lapsesA bank’s failure to resolve longstanding deficiencies despite reprimands from...
New Zealand data – May consumer confidence 79.2 (prior 79.3)
New Zealand ANZ Roy Morgan Consumer Confidence index from May 2023 comes in at 79.2April was 79.3 a reading above 100 shows optimism, while below that indicates pessimismANZ comments: "While the labour market remains tight, conferring both a high degree of job...
Add more fuel to the AI boom – JP Morgan developing a ChatGPT-like service (CNBC report)
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,...
Asia market holidays – Hong Kong is closed today
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,...
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