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 7.1198 – 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...
RBA’s Hunter says the Australian labour market is still tight relative to full employment
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 deflation showing signs of worsening spiral, calls for for immediate policy action
Chief China economist at Morgan Stanley, Robin Xing, says the country is definitely in deflation, probably going through the second stage of deflation.“Experience from Japan suggests that the longer deflation drags on, the more stimulus China will eventually need to...
ICYMI – Saudi Aramco cut its Arab Light crude oil price to Asia, Europe and the US
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 – Reuters Tankan report for September: Manufacturing sentiment hits a 7 month low
The monthly Reuters Tankan survey, a guide to the Bank of Japan's quarterly tankan survey:September manufacturers sentiment +4, August was +10September non-manufacturers sentiment +23 vs +24 in AugustDecember manufacturers index seen at +3, non-manufacturers at...
Here’s what 14 investment bank analysts are forecasting for US CPI headline and core rates
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,...
ICYMI – OPEC has cut its forecasts for global oil demand … again
OPEC's monthly oil market report was published on September 10. The cartel slahsed demand estimates again. oil demand will grow by 2 million b/d in 2024this is down 80,000 b/d from the forecast in Augustfor 2025, demand will rise a further 1.7 million b/d, a 40,000...
Fitch says the coming Federal Reserve easing cycle will be mild and slow
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,...
MUFG expect a higher US dollar if CPI shows an unexpected rise
Analysts at MUFG say that it will be important that the data remain consistent with slowing inflation to support current Federal Reserve interest rate cut expectations.What arguing that one month of stronger inflation data in August would not stop the Fed from cutting...
Goldman Sachs says US stock market may decline by year-end, but no bear market
Goldman Sachs says that the US stock market may fall by the end of the year, citing the drag from: high valuations mixed growth prospects policy uncertainty But, say analysts, the probability of a bear market is low given the support for the economy from a healthy...
ICYMI – Bank of Japan officials see little need to raise the benchmark rate at Sep meeting
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,...
Oil – private survey of inventory shows a headline crude oil draw vs. build 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,...
Forexlive Americas FX news wrap: Oil settles at the lowest since 2021
Markets:Gold up $11 to $2516WTI crude oil down $2.58 to $66.13US 10-year yields down 5.1 bps to 3.65%S&P 500 up 0.45%JPY leads, CAD lagsUSD/CAD was particularly strong as Macklem's comments suggested an effort to put a 50 bps cut on the table for the October...
US stocks close mixed on the day. Broader indices higher led by the Nasdaq index.
The broader stock indices closed higher for the second consecutive day this week. The gains were led by the Nasdaq index which tumbled -5.77% last week. After 2-days this week, the index is up 2.01%. The S&P which fell -4.25% last week, is up 1.61% after Monday...
Economic calendar in Asia 11 September 2024 – Reserve Bank of Australia speaker
We have Sarah Hunter, Assistant Governor (Economic) at the Reserve Bank of Australia speaking today. I've added it to the screenshot below, and I posted a little on what to listen out for earlier:After Hunter the calendar gets very bleak ... why do I always get to...
Trade ideas thread – Wednesday, 11 September, insightful charts, technical analysis, ideas
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,...
Canadian dollar headed lower as a deeper rate cut cycle looms
The Canadian dollar is the weakest performer today and if you read between the lines in Tiff Macklem's comments, the Bank of Canada is trying to put the possibility of a 50 basis point cut in October on the table, particularly if upcoming GDP reports highlight ongoing...
Yen, oil and bonds all flag trouble
In the long-running battle between stocks and bonds, the latter is usually right when it comes to the economy. Given that oil and the yen are also flagging trouble, the signs are hard to ignore.In early August, when US yields fell, it looked like a reaction to a...
USDJPY follows yields lower
The US yields are trading at new session lows. The two-year is trading at 3.598%. That's the lowest level going back to March 2023. The 10 year yield is an 3.642%. That's its lowest level going back to June 2023.The low in yields has the USDJPY also extending back...