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,...
Federal Reserve speakers Monday include Bowman, Kashkari, Bostic and Musalem
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 upgraded its call on Chinese stocks to overweight
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,...
European Central Bank speakers on Monday include chief economist Philip Lane
0700 GMT / 0300 US Eastern time: Speech by ECB board member Piero Cipollone at Deutsche Bundesbank's symposium "Future of payments: trends and innovations in Germany and Europe"0735 GMT / 0345 US Eastern time: Keynote speech by ECB chief economist Philip R. Lane at...
China gold reserves in September unchanged from August, 5th month in a row
China's gold reserves sat at 72.8 million fine troy ounces at the end of September, for a fifth straight monthData via the People's Bank of China released on Monday.In USD terms 191.47bn in September vs. 182.98bn in AugustFX reserves 3.316tln USD vs. 3.288 tln...
AUD traders heads up – two big events coming up from the RBA on Tuesday
Coming up from the Reserve Bank of Australia on Tuesday, October 8, 2024 are September meeting minutes:Following at midday Sydney time (0100 GMT / 2100 US Eastern time) is a speech from Andrew Hauser, Deputy Governor:at the Walkley Foundationtext of the speech will be...
China / Hong Kong stocks rising again – expectations of more China stimulus on Tuesday
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,...
HSBC expects six more rate cuts from the US Federal Reserve by June 2025
HSBC expect a 25bp rate cut at the November 6 - 7 meeting, followed by another at the December 17 - 18 meeting, then in January, March, May and June, for a total of six consecutive 25 rate cuts. The calendar for the Federal Open Market Committee (FOMC) in 2025:The...
Bank of Japan rate hike plans “face political curve ball”
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,...
Australian inflation: Melbourne Institute CPI for September 2024: 0.1% m/m (prior -0.1%)
Melbourne Institute Inflation in September 2024 0.1% m/mprior -0.1% 2.6% y/y, almost to the mid point of the Reserve Bank of Australia 2 - 3% target bandprior 2.5%Core (trimmed mean) 0.1% m/m Official inflation data from Australia will be published on October 30 by...
Japan’s yen intervention official says will monitor FX including speculative movement
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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Further signs of a loosening jobs market in the UK – wage growth slows, hiring drop
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,...
Trump is promising tariffs of up to 200% on vehicles imported from Mexico
Trump spoke on Sunday, said he would place up to 200% tariffs on vehicles imported from Mexico.The big 3 US auto makers all have plants building cars for the US market in Mexico.Trump had previously promised 100% tariffs on imported cars and trucks. But on Sunday...
ECB Villeroy says Bank will quite probably cut rates in October, inflation undershoot risk
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,...
Senior Chinese officials briefing Tuesday, steps to implement economic growth policies
Senior officials from China's top economic planning body, the National Development and Reform Commission, will hold a press briefing on Tuesday regarding measures to implement policies aimed at boosting economic growth.The news comes via a notice from the State...
USD/JPY traded above 149.00 early Monday
An early update for USD/JPY, which caught another substantial bid after the blockbuster US jobs report on Froday:I had an outlook from Standard Chartered to post, analysts there were looking for 149 ... and here we are. had expected a range of 140 - 149 for the coming...
Goldman Sachs on well above expectations US jobs report, see a 25bp Fed November rate cut
The data is linked from here:The jobs report came in super-string, smashing above even the highest estimates:(as a ps. if you aren't reading such posts from Giuseppe and I prior to significant US economic releases you are going in blind)I already posted a few...
New Zealand – RBNZ shadow board equally divided on 25 or 50bp rate cut this week
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,...
US economy is as good as it ever gets
Last week I posted a glowing assessment of the US economy from Mark Zandi, Chief Economist at Moody's Analytics:In that post I warned:perhaps the FOMC should take the foot off the accelerator, or least lighten its touchAnd here we are. On Friday we got astounding jobs...