Securities Daily says there may be a cut to the Medium Term Lending Facility. The MLF will be set on Thursday, the 15th. The MLF sets the stage for Loan Prime Setting on the 20th, the following Tuesday (the 20th)There is plenty of speculation of a rate cut from the...
BOJ dep gov Wakatabe – don’t expect a change from BOJ at this week’s, June, meeting
Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe. Letting the cat out of the bag already?No change is expected anyway:Comment from the deputy gov. reported over news wires with no further detail at this stage. The Bank of Japan meeting is Thursday (15th) and...
Japan PPI (May) -0.7% m/m (expected -0.2%)
Japan PPI, AKA Corporate Goods Price Index. This is 'wholesale' level inflation , the price that firms charge each other for products.PPI -0.7% m/mexpected -0.2%, prior +0.2%+5.1% y/yexpected 5.6%, prior 5.8%This data point is from the Bank of Japan. The Bank's policy...
Bank of Japan to remain on hold at its meeting this week – preview
The Bank of Japan monetary policy meeting is on Thursday and Friday this week. The 15th and 16th of June.The statement will be Friday, most likely in the 0230 to 0330 GMT time window (there is no firmly scheduled time or the BOJ announcement). This is from 10.30 to...
BCC said the UK economy will probably avoid recession. BCI says the same now.
On Friday the British Chambers of Commerce (BCC), a business lobby group, said the UK economy would probably avoid a recession. “We are on course to only narrowly avoid a recession,” “With anemic growth rates predicted into the future, there is a real danger of...
New Zealand data – May retail sales -1.7% m/m 9exp +0.3%)
Data for purchases made in New Zealand on debit, credit and store cards. Sales on electronic cards cover about 68% of core retail sales in New Zealand.Disappointing data from NZ, the long cycle of Reserve Bank of New Zealand rate rises are taking a toll on the...
UBS is looking for a lower USD
The US dollar view from UBS is via its equity analyst folks, saying that they'd rather look for overseas growth to fund equity valuations, with a lower US dollar contributing to that, than to continue chasing the narrow breadth leaders:“ ... rather than chasing the...
ICYMI – China raised gold holding for 7th straight month / Physical gold demand slowed
Posting this on gold from Friday ICYMI:Physical gold demand slowed in China and India this week and forced dealers to offer discounts, with volatile prices in India prompting buyers to delay purchases.China raises gold holding for 7th straight monthWhile the headline...
More on Goldman Sachs slashing its December Brent oil forecast to $86 from $95
I posted earlier on this weekend's crude oil forecast revision from Goldman Sachs here:As further background to this change of call, Goldman Sachs Group Inc.’s Global Head of Commodities Research Jeffrey Currie spoke in a Bloomberg TV interview on Friday, making...
Bank of America says the Federal Reserve could take Fed Funds to 6% in the next 12 months
A Bank of America research note issued on Friday says the Federal Open Market Committee (FOMC) could take the Fed Funds rate up to 6% in the next year. "Fed ain't done with hikes" says BoA citing persistently high inflation rate hikes could usher in 4% unemployment,...
Saudi Arabia & OPEC+ are trying to combat “uncertainties and sentiment” in the oil market
Bloomberg (gated) has the report of remarks from Saudi Arabia's Prince Abdulaziz bin Salman at an Arab-China business forum in Riyadh.on Sunday:Saudi Arabia and its OPEC+ allies are trying to combat “uncertainties and sentiment” in the oil marketThe translation of...
Goldman Sachs slashed its December Brent forecast to $86 /bbl (from previous estimate $95)
Goldman Sachs had been persistently amongst the most bullish of analysts for oil prices. Its now issued its third downward revision of its Brent forecast in the last six months.Dropped its Brent forecast for December to $86 a barreldown from its prior projection of...
Economic calendar in Asia Monday, 12 June 2023
Note that markets are closed in Australia today for a public holiday. Chinese data is due into the early European hours, 7am GMT and 3am US Eastern time. This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are...
Trade ideas thread – Monday, 12 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 – 12 June 2023
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.Its going to be thinner for longer today with Australian markets out for a holiday....
Markets Week Ahead: S&P 500, Gold, USD; Fed, ECB, BoJ, Germany ZEW, UK & Australia Jobs, US CPI, China Retail Sales
Recommended by Manish Jaradi Trading Forex News: The Strategy Get My Guide Global equity markets rose to a 13-month high on improving sentiment following the recent suspension of the US debt ceiling, the resilience of the global economy, and hopes that US interest...
2024년에 새로 생기는 국가자격증 2가지! 1회 시험이 기회!
https://www.youtube.com/watch?v=UHLN8LaFQmA 내년 2024년에 처음으로 신설되는 국가자격증 2가지를 소개해 드립니다. 새롭게 생기는 국가자격증은 확실히 현재 시점에서 수요가 급격히 늘어나고 있고, 앞으로 많은 인력이 필요한 부분들이 있어서 전망이 밝습니다. 1회 국가자격증의 주인공이 되어보세요! #2024년신설자격증 #자격증추천 #국가자격증 MoneyMaker FX EA Trading...
E-mini S&P 500 Futures: Unraveling the 4400 forecast and what’s next
In this insightful look back at our January forecast for the E-mini S&P 500 futures, we find ourselves on the brink of reaching the much-anticipated 4400 level. This article will elucidate the pivotal factors that have contributed to this imminent achievement and...
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Gold Weekly Forecast: Gold (XAU/USD0 Prices Delicately Poised Heading into Blockbuster Week
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: Bank of Canada Comes Out Swinging with 25bps Hike,...