Fundamental OverviewThe USDJPY pair this morning has been on a rollercoaster. Initially, we got a rally following the soft Tokyo CPI numbers and then Takaichi winning the first round of votes in the Japanese election. Things turned around quickly in the run-off as...
EUR/USD looks to settle lower in back and forth trading this week
The pair is now down 0.4% on the day to 1.1135 after the softer inflation numbers for France and Spain earlier. That is seeing traders step up ECB rate cut odds for October, with the futures market pricing in a ~91% probability for a 25 bps rate cut. Meanwhile, the...
Spain September preliminary CPI +1.5% vs +1.9% y/y expected
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Spain Q2 final GDP +0.8% vs +0.8% q/q prelim
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France September preliminary CPI +1.2% vs +1.6% y/y expected
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Japanese yen surges as Ishiba wins leadership race to become next Japan prime minister
USD/JPY 15-minute chartWhen Takaichi won the first round of votes, it led USD/JPY to leg up higher to above 146.00. But in the head-to-head vote against Ishiba, she lost out and that's resulting in a massive turnaround in USD/JPY now. The pair has tumbled from around...
Shigeru Ishiba wins LDP leadership race run-off, will be Japan’s next prime minister
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Shanghai, Shenzhen reportedly to lift key remaining home purchase curbs to boost market
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USD/JPY gains further as Japan LDP leadership race heads to a run-off
USD/JPY daily chartThe results of the run-off vote should be in the next hour and it's still a close call now, with ex-environment minister Koizumi bowing out. The Nikkei is happy with the results so far at least, rallying further on the day. And that is weighing on...
Japan LDP leadership vote proceeds to a run-off
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Fears of widespread damage as Hurricane Helene makes landfall in Florida
It is of Category 4 intensity and is the third hurricane to slam Florida's Big Bend region in under 13 months. Of note, three of the last five hurricanes to have struck the mainland in the US have also landed in this region.Going back to Helene, it is reportedly...
French, Spanish inflation data on the agenda today
The main focus this week has been on China and the dollar fell yesterday as risk trades legged higher. The greenback is keeping steadier today but it really has been a bit of a push and pull week for the dollar. USD/JPY is extending higher though, climbing above...
Japan LDP begins vote for leadership election
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ForexLive Asia-Pacific FX news wrap: China repo rates and RRR cuts
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US inflation (PCE) data due Friday – here are the critical ranges to watch
Due on Friday, September 27, 2024 at 0830 US Eastern time, the Core PCE data is the focus. The Personal Consumption Expenditures (PCE) data is a key measure of inflation that tracks changes in the prices of goods and services purchased by consumers. It is reported...
BOJ hiking (slowly), RBA cutting (slowly), Fed, BoC, RBNZ all cutting
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Federal Reserve Board Governor Michelle Bowman is speaking again on Friday
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European Central Bank speakers on Friday include Lane and Cipollone
0815 GMT / 0415 US Eastern time - European Central Bank chief economist Philip Lane delivers opening remarks at a conference about Fiscal Policy, Financial Sector Policy and Economic Growth0940 GMT / 0540 US Eastern time - Keynote speech by ECB board member Piero...
China YTD industrial profits +0.5% y/y (prior +3.6%)
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PBOC sets USD/ CNY reference rate for today at 7.0101 (vs. estimate at 7.0093)
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