China’s State Council met on Friday. Premier Li Qiang chaired the meeting. In a statement after, said:the Council considered a batch of macroeconomic policies designed to expand “effective demand”, strengthen the real economy and defuse risks in key areas:"it is...
ICYMI – Nomura slashes its forecast for China’s 2023 GDP growth to 5.1% from 5.5%
Nomura note issued Friday, says the firm has cut its forecast for China's 2023 GDP growth to 5.1% from 5.5%:in view of the worsening downward spiral of major activity data and Beijing's tepid response to date, we lower our GDP growth and inflation forecastsexpect...
Head of Russian oil giant Rosneft says losing out on export share to other OPEC+ countries
Igor Sechin, heads up Russian energy major Rosneft. He spoke over the weekend at an economic forum.Said that Russia only supplies half of its production to the world market, compared to several OPEC+ nations who were exporting up to 90% of their output:"That puts our...
ICYMI – Russia close to striking long-term deals to sell substantial supplies of oil
The Wall Street Journal with the piece on Friday re Russia’s state energy giant Rosneft nearing securing agreements to long-term deals to sell substantial supplies of oil. locking in export revenue. The Journal says that according to those acquainted with the sale,...
ICYMI – Fed’s Goolsbee say FOMC is pausing for now to go scope out economic developments
Federal Reserve Bank of Chicago President Austan Goolsbee spoke in an interview late on Friday in an interview on US National Public Radio. Goolsbee tends towards the less hawkish of the Federal Open Market Committee (FOMC) spectrum. His comments were not overtly...
Magnitude 6.1 earthquake hits Gulf of California region
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,...
Economic calendar in Asia on Monday, 19 June 2023, a light one
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,...
Trade ideas thread – Monday, 19 June 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,...
Monday morning open levels – indicative forex prices – 19 June 2023
On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online. With the US out on Monday it's a little thinner than normal right now - Sunday afternoon US time is still just the middle of the weekend.Prices are liable to swing...
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https://www.youtube.com/watch?v=SpsFdKPzyZ0 오늘은 딱 6월 한 달 동안만 진행되는 정부 제도를 소개해 드립니다. 이마트나 홈플러스 같은 대형마트부터, 편의점, 네이버 등 온라인 쇼핑몰까지 50% 할인 쿠폰을 지급하고, 1+1 혜택도 받을 수 있습니다. 무엇보다 환경을 살린다는 취지가 굉장히 좋고요. 전국, 전 국민 누구나 해당하니까… 6월이 지나가기 전에 모르고 지나가는 일이 없으면 좋겠습니다. #전국민 #환경부 #6월까지...
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Gold Weekly Forecast: Gold (XAU/USD) Bears Fail to Find Acceptance Below 100-Day MA, Where to Next?
GOLD PRICE, CHARTS AND ANALYSIS:GOLD FORECAST: NEUTRAL Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: Gold Weekly Forecast: Gold (XAU/USD) Prices Delicately...
What does the technical picture look like for the GBPUSD going into next week’s trading
As we turn the page into a new trading week for the GBPUSD, what are key levels in play and why?This week, the price of the GBPUSD moved above the 61.8% of the move down from the 2021 high to the 2022 low. That level comes in at 1.2760 and is now close support and...
Newsquawk Week Ahead: BoE, SNB, PBoC, Norges; UK & Japan CPI, Flash PMIs
MON: US Juneteenth Market HolidayTUE: PBoC LPR Announcement, RBA Minutes, NBH Announcement, German PPI (May), US Building Permits (May)WED: BoC Minutes, BCB Announcement, CNB Announcement, UK Inflation (May), New Zealand Trade Balance (May)THU: BoE Announcement, SNB...
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What area is the key barometer for the EURUSD in the new trading week?
The EURUSD made it's week's low on Monday, and reached the pairs high to day. The move higher has taken the price back into a consolidation area going back to May. The low of that consolidation range will be the key barometer for buyers and sellers going into the new...
Forexlive Americas FX news wrap 16 Jun:BOJ kept policy unchanged sending the JPY lower
The strongest to the weakest of the major currenciesThe day and week is ending with the GBP as the strongest and the JPY as the weakest. The JPY sharp fall was triggered by the Bank of Japan rate decision. The Bank of Japan (BOJ) decided to keep its short-term...
S&P closes higher for the 5th week in a row. The NASDAQ index up for the 8th week
Although the major indices are closing lower on the day, each enjoyed solid gains this week. The S&P index is higher for the 5th consecutive week. The NASDAQ index is up for the 8th consecutive week. The Dow Industrial average is up for the 3rd consecutive week....
US stocks move into negative territory. Indices trading at session lows
It is triple witching hour this week which can increase the end of day volatility. It is also the start of a three-day weekend in the US maybe there is some liquidation/profit-taking. As a result, indices are trading to new session lows. A snapshot of the market...