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,...
China – top government economic adviser disappears after crticism of Xi Jinping
Zhu Hengpeng was deputy director of the Institute of Economics at the state-run Chinese Academy of Social Sciences ()CASS). CASS is China's pre-eminent thinktanks. He lost his job and was detained after he allegedly made some remarks in a private group chat on the...
Wall Street Journal Fed watcher Timiraos on sign of a weaker jobs market
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,...
Fed SOMA Manager says markets see 50bp rate cut as good news, not bad
The New York Federal Reserve branch's Roberto Perli is manager of the Fed’s System Open Market Account SOMA). He spoke in a speech on Tuesday, saying that markets are not viewing the FOMC 50bp rate cut as an indication of stress in the economy. Reuters with the...
Australian dollar down few tics after (monthly) headline inflation drops into target band
The data release is here:As I said in that post, the drop in headline inflation is mainly due to combined Commonwealth and State government rebates. Indeed, current RBA forecasts are for a headline CPI rate bounce back above 3% once these subsidies roll off.The rate...
Australian August CPI 2.7% y/y (expected 2.8%)
Australian August CPI 2.7% y/y, lower than expected and under the top end of the Reserve Bank of Australia 2 - 3% target band. Good news. expected 2.8%, prior 3.5%2.7% y/y is the lowest since August of 2021the m/m came in at negative 0.2%Trimmed mean 3.4% y/yexpected...
PBOC sets USD/ CNY reference rate for today at 7.0202 (vs. estimate at 7.0212)
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,...
PBOC 1-year Medium-term Lending Facility (MLF), rate cut to 2% (2.3% previously)
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,...
PBOC is expected to set the USD/CNY reference rate at 7.0212 – 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...
Japan data – August services PPI 2.7% y/y vs. 2.6% expected
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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Euro Forecast: $1.15 by Mid-2025, ECB Rate Cuts Key
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,...
AUD/USD hits its highest since February 2023, remains UBS’ ‘most preferred’
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,...
Economists says ‘No’ to China’s blitz of economic stimulus measures, its ‘not enough’!
The People's Bank of China and other authorities in China announced multiple stimulus measures on Tuesday, including:People’s Bank of China to cut its benchmark interest ratePBOC to lower the amount of cash that banks need to hold in reserve (this would free up more...
Australian monthly CPI due today, expected to be lower. Does it even matter to the RBA?
The monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the quarterly data release.The monthly CPI indicator does, however, provide a timelier indication of inflation using the same data collected for use in the quarterly...
NZD traders note – “It’s hard for the Kiwi to fall against a falling dollar”
I had this on Tuesday but am only posting it now.Yes, it would have been much more helpful for me to post it yesterday. I have no excuse. But ... if I did it was that I was snowed under by the news from those scoundrels in China!This is via KiwiBank in New Zealand,...
China Stimulus sparks global growth expecations, but raises inflation risks again
Via a note from JP Morgan on the China stimulus proposals that hit the headlines on Tuesday:The US has been the anchor for global growth, but a China reboot will also benefit the globeIt may create another inflationary pressure, so keep an eye on commodities and bond...
Goldman Sachs predict continued equity buying by CTA systematic traders, in every scenario
Via a note from Goldman Sachs on global equities, they see CTA systematic traders as net buyers for the next 2 weeks. GS says CTA traders are net long equities, around the 65th percentile, but nevertheless they will continue to be buyers "in every scenario" GS model....
Boosting China’s Economy: JP Morgan Outlines Key Policy Needs
JP Morgan analysts have outlined what's needed from China. The stimulus measures intended to be implemented, announced by the People's Bank of China and other authorities on Tuesday, are not enough. JPM say that while policy adjustments in China have been gradual and...
Caroline Ellison has been sentenced to two years in jail
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,...