Prior 49.3Manufacturing PMI 45.3 vs 42.3 expectedPrior 41.9Composite PMI 48.3 vs 47.7 expectedPrior 47.5Business activity in France contracted for a fifth month running now, with the services sector marginally slipping while manufacturing conditions also slumped but...
European indices open higher as the party rages on
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BOJ governor Ueda: Next rate hike will depend more on price moves, less on economic growth
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,...
BOJ governor Ueda: Cannot say that the risk of returning to deflation is zero
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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BOJ governor Ueda: There is still a long way to go in reaching neutral rate
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,...
BOJ governor Ueda: Upward revision to inflation forecast should kick in during mid-2025
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,...
BOJ governor Ueda: No preset idea in mind on future rate adjustments
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,...
BOJ governor Ueda: Will keep adjusting degree of easing if price outlook is realised
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,...
Heads up: BOJ governor Ueda press conference coming up
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,...
Onshore yuan posts strong rally as Trump tariff fears abate
USD/CNY daily chartThe yuan currency was the first line of defense against Trump's tariffs. And Beijing definitely prepped for that as it allowed the currency to fall considerably since Trump won the presidency in November. But after the recent talks between Trump and...
Crypto Markets Maturing from Hype to Utility
When it comes to successful near-term speculation in cryptocurrencies, especially Meme coins, hype is a far more important component. After all, it’s a high level of buzz and headlines that help to drive the level of “fear of missing out” (or FOMO) necessary to in...
The dollar has lost its Trump card
Trump looks to have gone soft on tariffs and that's weighing on the dollar as we look to the final stages this week. It has been a week filled with headlines from the man but the latest ones definitely stand out. He said that he would rather not use tariffs against...
ForexLive Asia-Pacific FX news wrap: USD slammed by Trump, then by the BoJ rate hike
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USD/JPY tested towards 155.20 after a hawkish hike from the Bank of Japan
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Morgan Stanley on reasons to be bullish China’s banking sector
The China Securities Regulatory Commission (CSRC) has encouraged large state-owned insurers to allocate 30% of their new premiums to A-shares. According to a research report by Morgan Stanley, this move suggests that Chinese banks are likely to become a key investment...
Yen finding a few bids after the Bank of Japan rate hike
The rate hike post is here:USD/JPY dipped lower on the Statement and forecasts. Its dropping further now. yen crosses lower alongside. The danger is further yens strength if Bank of Japan Governor Ueda is hawkish at his forthcoming press conference, scheduled of r0630...
In 2024, China’s central bank expanded its gold reserves by 44.17 tons
In 2024, the People's Bank of China, expanded its gold reserves by 44.17 tons, bringing the total to a record-high 2,279.57 tons, making it the sixth-largest globally. That year, China produced 377.24 tons of gold, while consumption reached 985.31 tons. Gold imports...
Bank of Japan hikes rates – as widely expected
Still to come is the press conference from Bank of Japan Governor Ueda, due at 0630 GMT (and 0130 US Eastern time for the night owls). Ueda is expected to signal further rate hikes to come, with a risk he is more hawkish than he usually is. The BoJ hiked today mainly...
Japan’s largest trade union says very important to secure wage rises
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,...