> Japan August Inflation: CPI excluding fresh food & energy +4.3% y/y (prior +4.3%) <!--> --> Eamonn Sheridan Thursday, 21/09/2023 | 23:30 GMT-0 21/09/2023 | 23:30 GMT-0 <!--> --> more to come----The big event out of Japan today is the Bank of...
LNG strikes – Australian media report that Unions have agreed to end dispute with Chevron
The media report doesn't cite sources but says that the LNG union have agreed to endorse recommendations made by the industrial umpire to end dispute with Chevron.And that the Union will agree to call off strikes at Chevron facilities. more to comeMoneyMaker FX EA...
Australian preliminary PMIs for September: Manufacturing 48.2 & Services 50.5
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,...
ECB’s Lane says transmission of monetary policy to the real economy is firmly taking hold
European Central Bank chief economist Lane: Sees staggered reset of prices and wages across the economy, a process which is ongoing.Dynamics of wages and profits in the coming quarters still an open questionThe transmission of our monetary policy to broader financing...
New Zealand August exports NZD 4.99bn (prior $5.45bn) & Imports NZD 7.28bn (prior $6.65bn)
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,...
There’s a Saudi put in the energy markets, oil heading to $100 / barrel
Comments come from Mark Fisher, founder and CEO of MBF Clearing Corp., a large futures commission merchant (FCM)He was interviewed on CBNC on Thursday."There used to be the Greenspan put to the equity markets. I think there's a Saudi puts in the energy markets, to...
ICYMI – Russia is banning exports of gasoline and diesel
In recent months, Russia has suffered shortages of gasoline and diesel. This has seen wholesale fuel prices spiking higher, although the flow through to retail prices has been limited due to price caps. The military demand for the fuels has jumped, of course. Russia...
NZD traders heads up – New Zealand moves onto daylight saving this weekend
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,...
Bank of Japan statement due today – previews – Ueda under pressure on weak yen
Preview comments via:Bank of Montreal:while Friday’s decision is widely expected to feature an unchanged policy stance, monetary policymakers in Tokyo have historically not been beholden to the consensus. On the one hand, Ueda must consider the performance of the yen...
ICYMI – Goldman Sachs pushes back expectation of first Fed rate cut to Q4 2024 (from Q2)
If you didn't get the memo its 'higher for longer' for the Federal Reserve:Justin posted on the Goldman Sachs rate cut expectation revision here:Goldman Sachs were previously forecasting the first FOMC cut in Q2 of 2024. Adding in a little more now from GS...
Forexlive Americas FX news wrap 21 Sep: Stocks hit the skids as US yields surge
The early US session saw the Bank of England keep rates unchanged by a vote of 5 – 4. That was congruent with the 50-50 chance of a hike. The GBPUSD fell on the news reaching a low of 1.2227 before starting a rebound to the upside that saw the pair move to a post-low...
New Zealand data – Westpac Consumer Confidence for Q3 2023: 80.2 (vs. prior 83.1)
Weak consumer sentiment in New Zealand got weaker in the third quarter of 2023.Yesterday we had better than expected economic growth reported:The revision to the Q1 data included had implications for the recession in New Zealand:NZD/USD is being shoved around by...
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JP Morgan expect Bank of England rate cycle over, but point out 2 risks to this view
The Bank of England held its benchmark steady at Thursday's Monetary Policy Committee meeting:JP Morgan says that while the Bank left the door open for further hikes, if needed, many in the market now think the cycle of higher interest rates is over. Indeed JPM see...
US stocks close at lows of the day for the 2nd consecutive day
The US stocks are closing at session lows for the 2nd consecutive day. That's not a good thing. Moreover, each of the 3 major indices closed below their 100-day moving averages. You have to go back to January 19 for the last time one all 3 indices were below its 100...
Economic calendar in Asia Friday, 22 September 2023 – Bank of Japan policy statement due
It's a very active agenda ahead, with most focus on the Bank of Japan statement. There is never a scheduled time for the release of the Bank's statement. Its likely to be sometime in the 0230 to 0330 (GMT) time window (10.30 to 11.30 pm US Eastern time).Expectations...
Trade ideas thread – Friday, 22 September 2023
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,...
Adobe Published Pretty Good Q3 Results, but Stocks Dropped. Why and What’s Next
Sometimes, you do your work well and even exceed the expectations of your boss and teammates. But such impressive results might not be enough. Seemingly, it’s exactly what happened with Adobe and its stocks. Let’s figure out why the company’s shares drowned after the...
US stocks hitting the skids going into the close. Mortgage rate follow yields higher.
The major US stock indices are hitting the skids heading into the close. The NASDAQ is now down -1.7% trading a new session lows. The S&P index is also at session lows with a decline of -1.56%.In the interest rate market, the rates are trading near highs out the...
WTI crude futures settle at $89.63
Crude oil trade between 100/200 hour moving averagesThe price of WTI crude futures are settling at $89.63. That's down $0.03 or -0.03%.Technically looking at the hourly chart above, the price settlement is just above its 200-hour moving average at $89.57, and below...