China news headline from Bloomberg and Reuters.China injected capital into big banks during the global financial crisis back in 2008. That was the last time it did so. Pondering doing it again now. This sort of stuff is very positive for 'risk', at least for a trade....
USD/JPY tested towards 145.00
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,...
RBA says around 2% of owner occupiers in real danger of defaulting
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 reference rate for today at 7.0354 (vs. estimate at 7.0367)
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,...
ECB President Christine Lagarde and key board member Schnabel are speaking Thursday
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,...
Heads up for U.S. Treasury Secretary Janet Yellen speaking on Thursday
U.S. Treasury Secretary Janet Yellen is speaking before the 2024 Treasury Market Conference on Thursday, September 26, 2024. scheduled for 1120 US Eastern time (this is 1520 GMT) The event is hosted by the Federal Reserve Bank of New York.Yellen was Federal Reserve...
PBOC is expected to set the USD/CNY reference rate at 7.0367 – Reuters estimate
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,...
BOJ July minutes – Calls for further gradual, but timely, interest rate increases
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,...
Reserve Bank of Australia consumer forecasts are too optimistic, December rate cut likely
Commonwealth Bank of Australia rgue that the RBA's latest household consumption forecasts, updated in August, "look too rosy".CBA point to the 1.1% rebound in household consumption the RBA is projecting, and argue:This represents a significant increase compared to the...
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BCA suggest that the stimulus announced from China is 1990s Japan all over again
In a note, analysts at Bank Credit Analyst suggest that the monetary easing measures introduced by the People's Bank of China (PBoC) may offer a short-term lift to market sentiment. However, drawing parallels to Japan's housing crisis of the 1990s, they warn that...
US politics: Senate passed the bill to fund the government through until December 20
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,...
Japanese consumers face rising costs across the board as inflation pressures persist
The Bank of Japan will be watching on as Japan braces for another round of price hikes in October.In addition to price increases, wages are set to rise. The minimum wage to increase by 51 yen to 1,055 yen (national average).Postal rates to jump ~30%, first increase in...
Eyes on China to boost the … euro
MUFG note that the euro may continue to rise following a boost from China's stimulus measures announced on Tuesday“Increased global growth optimism will help and the stimulus measures announced by China will certainly add to dollar selling momentum”MUFG add that...
UBS analysis predicts market support from October stimulus; Renminbi hedging recommended
I posted on the note from UBS briefly yesterday, following the announcements from China on Tuesday. Adding a little more now. The analysis highlights a positive shift toward a more accommodative policy stance, though it falls short of the significant stimulus measures...
Fed’s Kugler gives guidance on Non Farm Payrolls numbers to watch
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,...
US politics: House just passed resolution to fund the government through until December 20
The House just passed a continuing resolution to fund the government until December 20The vote was 341 for. Democrats and some Reblicans voted for.The 82 against were Republicans.The passage was expected. The downside to this is we get to do this **** all over again...
Forexlive Americas FX news wrap: US dollar storms back
Markets:Gold up $3 to $2659US 10-year yields up 4.9 bps to 3.78%WTI crude oil down $1.85 to $69.71S&P 500 down 0.2%USD leads, NZD lagsThere was a dramatic intraday turn in the US dollar. The euro rose to the highest since July at 1.1213 but then sank 90 pips in a...
More from Fed’s Kugler – We do not want the labour market to weaken further
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,...
UBS is forecasting Brent crude oil back to US$87 (by year end)
UBS cite various supply and demand factors for their forecast. Beginning with Federal Reserve's growth-oriented monetary policy contributing to a favourable environment for oil prices. UBS point out that Brent crude often benefits from positive market sentiment, which...