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...
The pace of the drop in the JPY not particularly alarming for the BOJ at this point
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Japan finance minister Suzuki says he won’t comment on FX levels
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Potential Bank of Japan yen intervention on Friday: USD/JPY on the radar
Stever Barrow, head of G-10 strategy at Standard Bank says the Bank of Japan could intervene to sell; USD/JPY as soon as Friday. Thinks the Bank of Japan could discuss intervention at its meeting Friday Japan time. Intervention could then follow during US hours, or...
Australia’s inflation nightmare – Australia’s inflation rate is the highest globally
Analysts at a top Australian investment banking firm, Barrenjoey Capital Partners, point out that Australia's recent inflation performance is just about the worst on the planet:"Using the trimmed mean is preferable – Australia's six month annualised rate of trimmed...
Goldman Sachs raises Brent crude oil price forecasts for 2024 and 2025
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Suez Canal shipping chaos: Iran-linked Houthi terrorist attacks spark inflation concerns
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US data focus for Monday – Q1 advance GDP – the range of expectations to watch (and why)
On Thursday at 1230 GMT, which is 0830 US Eastern time, we get the advance reading for economic growth in US for the nau to March quarter:The Federal Reserve will be paying attention to assess the strength of the US economy. Stronger than expected will boost the case...
Czech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meeting
Czech National Bank Vice-Governor Eva Zamrazilova says the Bank could cut interest rates by 25 or 50 basis points at its May 2 meeting.increases in services prices were an inflation risk "That is also a reason why I am cautious when it comes to cutting interest...
Goldman Sachs are looking for a blockbuster Q1 GDP number, way higher than everyone else
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S&P 500 rate of earnings surprises the highest since Q3 2021
A snippet from UBS analysts on US stocks, looking for the strongest quarterly earnings growth in over two year. UBS acknowledge that earnings season is still ongoing, but so far earnings are beating estimates by over 8% (8.3%) in aggregate. Q3 2021 was 9.7%, this...
BOA predicts USD/JPY surge to 160 as BoJ stands helpless
Bank of America is warning that USD/JPY could move to 160 quickly, saying there is little prospect for the Bank of Japan to halt the rise with its communications. The note from BoA was written before the latest upthrust in USD/JPY, through 155.00 during US trade on...
A summary of the major earnings after the close. Chipotle, Ford higher. Meta gets hammered
ServiceNow Inc: Shares down -4.85%Adj. EPS: $3.41, beating expectations of $3.14Revenue: $2.60 billion, beating expectations of $2.59 billionChipotle Mexican Grill Inc: Shares are higher by +3.36%Adj. EPS: $13.37, beating expectations of $11.68Revenue: $2.70 billion,...
Latest China crackdown ICYMI – brokers told to limit exposure to “snowball” derivatives
China is taking steps to regulate the derivatives market, targeting "snowball" derivatives.Authorities have instructed some of the largest brokerages to halt any increase in their net exposure to over-the-counter derivatives involving domestic A shares, including...
ServiceNow EPS $3.41 vs. $3.14 est. Revenues $2.60 billion vs.$2.59 billion est
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IBM EPS $1.68 vs $1.59. Revenues $14.46 billion vs $14.52B est.
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Chipotle EPS $13.37 vs $11.66 est. Revenues $2.70 billion vs $2.67B est.
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: USD/JPY cracks 155
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,...
Meta Platforms EPS $4.71 vs $4.32 est. Revenues $36.46B vs $36.1B est.
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,...
S&P and NASDAQ close higher for the third consecutive day
The broader S&P and NASDAQ index closed higher for the third consecutive day. The gains were modest ahead of key earnings starting with Meta Platforms after the close. Chipotle, ServiceNow, IBM, Lam research are all scheduled to release after the close today.For...