Session wrap Forex news for Asian trading on Friday, 14 July 2023 <!--> Eamonn Sheridan Thursday, 13/07/2023 | 02:52 GMT-0 13/07/2023 | 02:52 GMT-0 --> News flow was very light during the session. The better US CPI report continued to impact on financial...
China’s Customs Bureau says H1 2023 exports were +3.7% y/y, while imports were -0.1% y/y
Ahead of the June trade figures the Customs Bureau have released January - June collated data, in CNY termsexports +3.7% y/yimports -0.1% y/ya CNY 2.82 tln surplusCustoms says:sluggish global economic growth, slowing global trade and investment, geopolitical risks and...
Heads up for a People’s Bank of China news conference on Friday, China time
The People's Bank of China will be holding a news conference on Friday, 14 July 2023 at 10am Beijing time0300 GMT10pm US Eastern time (on Thursday, 13 July 2023)Speakers at the presser will include vice central bank governor Liu Guoqiang.The media conference will be...
Asian equity markets markets higher after strong lead from Wall Street on better US CPI
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,...
[속보] 기초연금 40만원!! 소득하위 40%만 지급?? 연금 개혁 큰일 났다.. 윤 대통령 공약 물 건너 가나?? ]#3.1경제독립tv
https://www.youtube.com/watch?v=0L25snD2pxE [속보] 기초연금 40만원!! 소득하위 40%만 지급?? 연금 개혁 큰일 났다.. 윤 대통령 공약 물 건너 가나?? ]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정"...
PBOC sets USD/ CNY central rate at 7.1527 (vs. estimate at 7.1623)
The reference rate for the USD/CNY today was estimated at 7.1788 with the People's Bank of China's counter-cyclical factor" (CCF) included and 7.1954 without.People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the...
Australia Consumer Inflation Expectations (July) 5.2% (prior 5.2%)
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,...
2 different reasons the yen has been rising (hard!)
Greg on the yen:For sure! A very rapid move indeed. If the yen weakened at such a pace Japanese authorities would be bashing the newwires with jawboning about how such rapid moves are no desirable. But, nope, nothing from them these past days. Via Deutsche Bank:The...
PBOC is expected to set the USD/CNY reference rate at 7.1623 – 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...
Russia’s flagship Urals crude oil has popped above the US$60 price cap for the first time
The Group of Seven last year set a US$60 price cap on Russian oil in an attempt to restrict revenue to Moscow’s warmongering. According to Argus Media (price monitoring agency) reports Russian Urals crude topped $60 a barrel on Wednesday.Urals prices rose to $60.78 a...
China Securities Journal says H2 2023 policy mix will stabilize the country’s economy
Thre may not be too much actual stimulus coming from China but the jawboning and media coverage is relentless. Earlier:Yesterday, also from the China Securities Journal: The Chinese Communist Party financial newspaper is at it again today, saying growth is expected to...
Rates traders still see an FOMC July rate hike but chance of a September hike has plunged
The US June CPI report continued to show improvement, the pace of price prises slowing again:The US CPI report for June came in lower than the consensus expected for both headline and core m/m.The CME FedWatch Tool still shows a 94% chance of a Fed Funds rate hike of...
US FTC says it will appeal to block the MSFT – Activision deal
MSFT wants to buy ATVI. FTC will appeal it loss trying to block the purchase.This will weigh on Globex US equity indexes at the margin, even if just from a headline effect in thin overnight trade. (This chart is from our charting app, which is free and can be found at...
New Zealand data – Card retail sales +1.0% m/m in June vs. expected -0.2%
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,...
New Zealand data – Food Price Index (June) +1.6% m/m (expected +1.5%)
FPI up 1.6% m/m in June 2023expected +1.5%, rpior +0.3%---The New Zealand Food Price Index (FPI) is a measure of the changes in the average price of food items sold in New Zealand.calculated and published monthly by Statistics New Zealandthe FPI tracks the prices of a...
New Zealand manufacturing PMI for June 47.5 (prior 48.9)
BusinessNZ Performance of Manufacturing Index (PMI) is still well under its longer run average of 53.0Comes in at an awful 47.5 in Junelowest since November 2022eight of the last ten months showing overall activity below 50.0BNZ Senior Economist, Craig Ebert“for a...
JP Morgan response to the US June CPI report – soft landing path a “smidgeon” wider
The US CPI report for June came in lower than the consensus expected for both headline and core m/m.JP Morgan, in a nod to Federal Reserve Chair Powell's comment about a narrow path to avoiding recession, says:"... the narrow path to a soft landing looks a smidgeon...
US Senator Warren says Powell should stop the rate hikes
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,...
Goldman Sachs response to the US CPI report – affirms a final FOMC rate hike July
The US CPI report for June came in lower than the consensus expected for both headline and core m/m.Goldman Sachs say that the result of the inflation report "is consistent with our view that Fed tightening is in its final innings".GS said they thus continue to...
ICYMI – ECB’s Vujčić says inflation risk still elevated, but more balanced
Boris Vujčić is the Governor of the Croatian National Bank and therefore a member of the European Central Bank Governing Council. He spoke in a seminar on Wednesday:"I still think that, particularly for the inflation outlook, risks are a bit elevated but are getting...