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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)
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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...
US expected to announce further AI chip sanctions against China on Monday
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New Zealand data – ANZ November Business Confidence 64.9 (prior 65.7)
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Data from New Zealand today confirms signs of still-rising unemployment
Stats NZ released its monthly 'Employment Indicators' data, for October 2024:there are over 35,500 fewer jobs now in NZ than there were a year agoover 30,000 jobs gone in the 15-29 age bracketnumber of filled jobs for October 2024 fell by over 2,000 (0.1%) to 2.36...
HSBC forecasts EUR/USD to 0.99 by the end of 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,...
MUFG with two reasons for the yen rise … and a word of caution
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 27 Nov: Core PCE inflation remains sticky but as expected
Markets:Gold up $4.02 or 0.15% at $2636.60US 10-year yield 4.249%, -5.2 basis pointsUS 2-year yield 4.223%, -3.1 basis pointsWTI crude oil down four cents or -0.2% and $68.72S&P 500 fell -22.89 points or -0.38% to5998.74NASDAQ fell -113.82 points or 0.59% to...
Citi analysts warn Trump’s tariffs could impact S&P 500 earnings
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Economic calendar in Asia Thursday, November 28 – RBA Governor Bullock speaks late
From New Zealand are business confidence and activity indicators, from the ANZ Business Outlook Survey. This is a monthly assessment conducted by ANZ Bank New Zealand. It gauges the sentiments and expectations of businesses across various sectors in New Zealand. It...
Trade ideas thread – Thursday, 28 November, 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,...
A down day for the major indices ahead of the Thanksgiving day holiday
The major indices move lower on the day ahead of the Thanksgiving day holiday tomorrow. The markets will reopen on Friday. The mega caps and technology stocks moved lower with Dell leading the way after disappointing guidance for the Q4:A snapshot of the closing...