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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ForexLive Asia-Pacific FX news wrap: USD added to its gains
There was a whiff of risk-off during the session in Asia today. Flows were into the US dollar and out of other major FX. USD/JPY was a bit of an exception, not doing much at all. Adding to the sour tone were drops for US equity index futures in Globex trade, with ES...
캐시백보다 더 좋아요! 아낀 전기 팔면, 현금 10배로 받아요!
https://www.youtube.com/watch?v=elwJkELvFhI 오늘은 전기를 절약하면 에너지캐시백보다 10배에서 30배 이상 더 많이 돌려주는 제도를 소개해 드리겠습니다. 역시 전 국민이 대상인데요. 실제로 모든 국민이 참여할 수 있는 건 아니지만, 정부에서 국민 누구나 참여 가능하다고 홍보하고 있어서 제가 자세한 내용을 확인해 봤습니다. MoneyMaker FX EA Trading...
Federal Reserve speakers on Friday are Bullard, Bostic, Mester
Federal Reserve Chair Powell spoke this week, indicating further Federal Open Market Committee (FOMC) hikes yet to come:Speaking today:0915 GMT/0515 US Eastern time: Federal Reserve Bank of St. Louis President James Bullard gives "Optimal Macroeconomic Policies in a...
European Central Bank President Lagarde speaking Friday. Panetta (on crypto) & de Cos also
I posted earlier on the prospects for a September rate hike from the European Central Bank. Keep an ear out for any further hints from these speakers Friday.0700 GMT/0300 US Eastern time: Address by Christine Lagarde, president of the European Central Bank,...
USD/CNH above 7.21, US dollar rising almost right across majors board
Ths USD is gaining during the Asia session.USD/JPY is not doing a lot, sitting just under 143.00 after a strong upmove on Thursday.AUD, CAD, NZD, EUR, GBP are all losing ground though.Notable, the Chinese yuan is losing further ground also. Offshore yuan is lower,...
A September European Central Bank rate hike now appears almost locked in
A rate hike at the July 22 meeting is a done deal, but officials from the ECB have been sowing doubt over a September rate hike.Markets are much more sure on a September hike though, with the chances rising consistently.This graph of how expectations for the September...
2 reasons for a Bank of Japan ‘tweak’ to yield curve control (YCC) at its July meeting
The inflation data from Japan for May indicated strong price growth still:ING warn of more to come:the current energy subsidy program will end in September and some power companies will begin to raise electricity fees again. Thus, we see headline inflation staying...
Why higher central bank rates are bullish oil
This snippet is via ANZ commodity analysts after Federal Reserve Chair Powell warned of higher rates still to come and the Bank of England ratcheted its rate 50bp higher. Tighter monetary policy has been a headwind for commodity markets. However, the market is...
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China mainland is on holiday Friday, 23 June 2023 – Hong Kong open
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,...
Japan Jibun June preliminary Manufacturing PMI 49.8 (prior 50.6)
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,...
The inflation data from Japan today is going to reignite speculation of BOJ policy change
The May inflation data from Japan is here:It shows the core-core rate inflation, which removes both fresh food and fuel and is closely watched by the BOJ as a key barometer of underlying domestic demand-driven price trends, hit a 42-year high at 4.3%.The core reading,...
After the over 100+ point up in USDJPY overnight be on the alert for intervention comments
The rapid slump in the yen on Thursday should bring along verbal intervention from Japanese authorities today. I'm only expecting verbal intervention, not actual yen buying, but this can be enough to scare yen shorts into covering (i.e. buying back some their yen...
Japan CPI for May, headline 3.2% y/y vs. 3.5% prior
The excluding food and energy is holding above 4%. This is the closest to US 'core' inflation . At 4.3% its another 40+ year high. Underlying price pressures in Japan remain above the headline rate. As I posted earlier the Bank of Japan are insisting that the CPI will...
UK Consumer sentiment still deeply negative, but best in 17 months
UK Consumer sentiment hit its highest level since January 2022headline confidence index rose for the fifth month in a row to -24 in June from -27 in MayGfK's said consumers were showing "remarkable resilience" in the face of price rises that have proven more enduring...
Australia preliminary PMI: Manufacturing 48.6 (prior 48.4) & Services 50.7 (prior 52.1)
Jundo Bank / S&P Global flash PMIs from Australia for June 2023Manufacturing 48.6prior 48.4Services 50.7prior 52.1Composite 50.5prior 51.6From the report, in brief:Most of the activity indicators in the survey are softer in June although the key new business and...
Yellen says the chance of a recession has eased but still remains a risk
US Treasury Secretary Yellen says the risks of a recession remain as the Federal Reserve tightens monetary policySays that a debate over the 2% inflation target is not appropriate now May need to see consumer spending slow down in order to ease the CPIAI...
Japanese CPI data not expected to provide much clarity on potential for a July BOJ move
Earlier this week we had the minutes of the Bank of Japan April meeting:There was nothing in the minutes to suggest an imminent reduction in easy policy and indeed last Friday's June meeting showed the same:Comments from BOJ officials and Governor Ueda are along the...