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PBOC is expected to set the USD/CNY reference rate at 7.1219 – 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...
Former Reserve Bank of Australia Governor Fraser says the RBA should cut its cash rate
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 Business Survey Index for Q3 2024 4.5% (prior -1.0%)
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 PPI (August) -0.2% m/m (expected +0.0%) and +2.5% y/y (expected +2.8%)
-0.2% m/m for a missexpected 0.0%, prior 0.3%2.5% y/y, also a missexpected 2.8%, prior 3.0%Falling m/m wholesale inflation and lower than previous y/y. The rising yen may well have played a role in these results - check out the graph on the right, the import index.At...
UK pay awards drop to lowest level in two 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,...
Housing market in UK shows signs of recovery – RICS house price best since January 2020
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,...
Reuters Japan Corporate Survey – firms wary of 50bp interest rate rise
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 retail sales data (August) +0.2% m/m and -2.9% y/y
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 data – Food Price Index (August) +0.2% m/m (prior +0.4%)
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,...
Atlanta Fed President Bostic violated Federal Reserve trading rules
Raphael Bostic is president of the Federal Reserve Bank of Atlanta.A report by the Federal Reserve's Office of Inspector General has raised suspicions of Bostic's trading:Bostic “created an ‘appearance of acting on confidential FOMC information’ ‘appearance of a...
North Korea fires ballistic missile toward East Sea (Sea of Japan)
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,...
Chinese car industry is still struggling, car sales -5% y/y in August (prior -5.2%)
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,...
Nomura forecasts a 25bp cut by the European Central Bank today, Thursday, September 12
The European Central Bank meet on Thursday, September 12. A rate cut is widely expected.I posted a preview here earlier this week:The announcement is coming up at 1215 GMT, 0815 US Eastern timewith the presser following a half hour laterVia eFX comes from Nomura on...
Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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 11 Sep: US CPI data is mixed with core rising
US CPI was released at 8:30 AM ET and the core measure disappointed with a 0.3% gain (estimate 0.2%). The year on year for came in at 3.2% as expected and unchanged from last month. On a more positive spin, the headline number came in as expected at 0.2% (but...
ICYMI – Goldman Sachs CEO Solomon said still a chance the Federal Reserve cut by 50bp
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,...
Economic calendar in Asia Thursday, September 12, 2024 – another BoJ official speaking
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,...
Trade ideas thread – Thursday, 12 September, 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,...
Snapback day. Major indices close higher after trading sharply lower.
Major US stock indices had a snapback day, and what a snapback day it was. The Dow industrial average was lower by 743.89 points, but is closing up 124.75 points or 0.31% at 40861.71. At one point today all the Dow stocks were trading lower.The S&P was down -88.56...