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 system that allows the value of the yuan to fluctuate within a certain...
Bank of Korea Governor Rhee Chang-yong set to explain the surprise interest rate decision
Bank of Korea Governor Rhee Chang-yong is set to hold a press conference at approximately 0210 GMT.The backdrop to this:South Korea's central bank surprised markets on Thursday by keeping its policy interest rate steady, as it assessed the effects of last year's...
Bessent expected to say “must ensure that US dollar remains the world’s reserve currency”
From Scott Bessent's expected remarks to the US Senate Finance Committee Hearing to Consider his nomination to be Secretary of the Treasury:We must secure supply chains that are vulnerable to strategic competitors, and we must carefully deploy sanctions as part of a...
Bank of Korea leaves rate unchanged at 3% vs. cut to 2.75% 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,...
Pricing for February Reserve Bank of Australia rate cut jumps after the strong jobs report
The latest employment report just published in Australia:continued to show a resilient and tight labour market. Interest rate trading is now pricing around a 75% chance of a rate cut at the Reserve Bank of Australia meeting on February 18. All eyes will be on the Q4...
Australia December 2024 unemployment rate 4.0% (vs. 4.0% expected)
The latest Labour Force report from the Australian Bureau of Statistics. Another blockbusterEmployment 56.3k !!!!!!!!!!!!!!!expected +15.0k, prior +35.6.1kUnemployment Rate 4.0%expected 4.0%, prior 3.9%Participation Rate 67.1%expected 67.0%, prior 67.0%Full Time...
PBOC is expected to set the USD/CNY reference rate at 7.3247 – 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...
Australian Consumer Inflation Expectation, January 2024: 4.0% (vs 4.2% previously)
Melbourne Institute Inflation Expectations survey Over the past six months or so, the survey has generally reflected ongoing concerns about price pressures. While the month-to-month figures have shown some variability, the overall trend suggests that consumers remain...
ECB’s Centeno says interest rate will continue ideally toward 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,...
Japan December PPI +0.3% m/m (expected +0.4%) 3.8% y/y (expected 3.8%)
Japan Producer Prices, December 2024+0.3% m/m expected +0.4%, prior 0.3%3.8% y/y expected 3.8%, prior 3.7%---USD/JPY has dribbled off a few tics. The data is not unsupportive of a rate hike from the BoJ next week (January 23 and 24 meeting).Earlier:ICYMI: Nomura are...
Goldman Sachs say cooler-than-expected core CPI support Fed easing cycle still in progress
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 majority of Japanese companies see wage hikes as a priority investment area this year
Reuters Japan Corporate Survey:A third of Japanese companies see the labour shortfall worsening, and 4% believe the shortage is easing. Two-thirds of Japanese companies face severe impact from the labour shortage. A majority of Japanese companies see capital...
Canada could impose countermeasures on up to C$150 billion worth of imports from the U.S
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,...
Bank of England MPC member Taylor calls for pre-emptive interest rate cuts
Bank of England External member of the Monetary Policy Committee Alan Taylor spoke on inflation dynamics and the economic outlook at Leeds University on Wednesday. Taylor called for more rate hikes, and suggested a need for urgency. Taylor noted that inflation risks...
ICYMI: Nomura are now forecasting a Bank of Japan (BoJ) interest rate hike next week
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,...
New Zealand inflation indicator data: December Food Price Index +0.1% m/m (prior -0.1%)
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 15 Jan: US CPI does not scare market.Yields down.Stocks up
The FX market was showing modest changes coming into the US session as the market braced for the CPI data. Yesterday, the PPI came in weaker than expected. The Consumer Price Index (CPI), while coming in close to expectations, gave traders confidence that the...
Short selling firm Hindenburg Research is shutting down
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,...
NASDAQ snaps five-day losing streak with its best day since November 6
The major stock indices cheered on the combined PPI and CPI data with sharp gains in the major indices. The NASDAQ index snapped its five day losing streak (-4.13%). The gain today retraced over half of that decline and had its best day since November 6 (post election...
Economic calendar in Asia Thursday, January 16, 2025 – Australian employment report
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,...