Prior -0.7%Retail sales +0.5% vs +0.8% y/y expectedPrior +2.4%; revised to +2.0%Retail sales ex autos, fuel +0.3% vs 0.0% m/m expectedPrior -0.9%Retail sales ex autos, fuel +0.1% vs +0.7% y/y expectedPrior +2.0%; revised to +1.6%This is a slight bounce in retail sales...
Trump: EU must make large scale purchase of US oil and gas or face tariffs
Trump says on social media:"I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!"It looks like even with a keen focus on China, the EU...
Is FedEx Stock a Buy After Earnings?
Is FedEx Stock a Buy After Earnings? A Unique Trade Idea to Consider (This one's for the Swing Traders)FedEx (FDX) recently released its Q2 2025 earnings report on December 19, 2024, after market close. While the results showcased a mixed picture, the stock's...
ForexLive Asia-Pacific FX news wrap: Japan’s Kato verbal intervention boosts yen
From Japan today we had inflation data for November. Inflation rates moved solidly higher, well above the Bank of Japan 2% target level, above expectations, and above October levels. The “core-core” inflation rate, which strips out prices of fresh food and energy and...
Japan yen intervention official says will take appropriate action against excess FX moves
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 one year bond yield drops to 1%, first time in 15 years
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 credit card spending -3.2% y/y in November (prior +0.3%)
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 to ease FX regulations to improve liquidity conditions
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,...
U.S. authorities may ban Chinese-made TP-Link internet routers, used in millions of homes
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 7.1901 (vs. estimate at 7.3086)
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 (finally) responds (a little) to intervention comments
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 1 year Loan Prime Rate (LPR) at 3.1% and 5-year at 3.6%, both unchanged
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 fin min Kato with verbal intervention on JPY – recent one-side, sharp yen moves
Japan fin min Kato with verbal intervention on yenNo comment on FX levelsRecently seeing one-sided, sharp movesImportant for currencies to move in a stable manner reflecting fundamentalsWill take appropriate action against excessive movesConcerned about recent FX...
Australian November data – Private Sector Credit +0.5% m/m (expected +0.5%)
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,...
People’s Bank of China Loan Prime Rate (LPR) setting due today – why its less relevant
In 2024, the People's Bank of China (PBoC) implemented significant reforms to its monetary policy framework to enhance the effectiveness of its policy transmission and better support economic growth.Shift to the 7-Day Reverse Repo Rate as the Main Policy...
USD/JPY hits a 5-month high just shy of 158.00
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,...
PBOC is expected to set the USD/CNY reference rate at 7.3086 – Reuters modelled 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...
Largest construction machinery firm fears Trump tariffs – our business based on free trade
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 Bill to avert a government shutdown has failed
There are other steps to try before a shutdown is confirmed, but the indications are not looking positive right now. Comments from a US Republican member: “I am absolutely sickened by a party that campaigns on fiscal responsibility and has the temerity to go forward...
Japan November headline CPI +2.9% (expected +2.9%, prior 2.3%)
Japan inflation data November 2024, all figures are y/y.Headline national CPI 2.9%expected 2.9%, prior 2.3%CPI excluding Fresh Food & Energy 2.4% (often referred to as 'core-core' inflation, its the closest to US core inflation)expected 2.4%, prior 2.3%CPI...