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,...
CME adjusted trading hours for various products during Thanksgiving holiday 2024
Post for the futures traders out there!The CME Group has adjusted trading hours for various products during the Thanksgiving holiday period in 2024. Below is a summary of the schedule for Equity Products, Cryptocurrency, Interest Rate Products, and NYMEX & COMEX...
Japan’s manufacturing industry labour union set to demand highest ever wage hike – Nikkei
This is with regards to the Japanese Association of Metal, Machinery, and Manufacturing Workers (JAM) trade union, which mainly comprises of small and medium-sized manufacturing firms across Japan. It is being reported that they will be demanding a base salary hike of...
RBNZ’s Silk: A decision on 25 bps or 50 bps rate cut is on the table for February
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,...
Australia’s government has secured support from Greens party to pass RBA reform law
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 Asia-Pacific FX news wrap: USD/JPY rose to circa 151.75
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 extraordinary parliamentary session to discuss plans for an extra budget (and more)
An extraordinary parliamentary session will begin in Japan today, November 28.Will run to December 21. The special Diet session is to allow for deliberation on a supplementary budget needed to fund new inflation-relief measures proposed by the government of Japanese...
JP Morgan says Bank of Japan will hike to 1.5% (but not soon)
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,...
South Korea will extend its fuel tax cuts by another 2 months
South Korea's finance ministry said that it will extend the tax cut on fuel for two more monthsOut to February 2025 South Korea has implemented a series of fuel tax cuts since 2021 to alleviate the financial burden on consumers amid fluctuating global oil prices and...
Bank of Korea cut benchmark interest rates for a second straight meeting – a surprise move
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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The US has reduced its travel advisory level for China from 3 down to 2
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 sets USD/ CNY mid-point today at 7.1894 (vs. estimate at 7.2227)
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,...
USD/JPY is up 100-odd points towards 151.75
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,...
Business sentiment in UK services sector is falling at the fastest rate in two years
The CBI survey shows UK services sector sentiment falling at its fastest pace in two years, driven partly by tax increases in Finance Minister Rachel Reeves’ October 30 budget, according to the Confederation of British Industry (CBI). The decline is most severe in...
Bank of Korea unexpectedly cuts its base rate by 25bp
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 data: Q3 Capex headline rose 1.1% vs. +0.9% expected & -2.2% prior
A small beat for the headline. Total new capital expenditure rose by 1.1%Buildings and structures rose by 1.1%Equipment, plant and machinery rose by 1.1%Estimate 4 for 2024-25 is $178.2b. This is 5.1% higher than Estimate 3 for 2024-25Driven by non-mining, pick up for...
Plan to overhaul the RBA including splitting the board in two could be back on the agenda
Plan to overhaul the RBA could be back on the agenda. Australia's government Labor Party and left-wing Greens Party held last-minute talks to revive the stalled legislationBloomberg had the report (Bloomberg is gated). ***Reminder of what this is all about. In 2023,...
Mexico has agreed to stop migration into the US (closes southern border)
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 7.2227 – 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...