This quarterly survey does not attreact the same amount of attention as the monthly survey. Thats doubly so today given it was released at the same time as the much-awaited (it always is) jobs report:-NAB conducts both a monthly business survey and a quarterly...
Australian February March unemployment rate 3.8% (vs. 3.9% 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,...
PBOC sets USD/ CNY reference rate for today at 7.1020 (vs. estimate at 7.2281)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
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Bank of America expect a June rate cut, from the Bank of Canada
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 7.2281 – 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...
UBS says the US Federal Reserve remains on track to cut rates twice this year
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,...
G7 statement says central banks remain firmly committed to achieving price stability
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,...
Fed’s Bowman says progress on inflation has slowed, perhaps stalled
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,...
JPY traders – heads up for Bank of Japan policy board member Asahi Noguchi speaking soon
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Japan, US and South Korea met to discuss the super strong USD, the super weak JPY and KRW
Greg had the headlines on this:Reuters have a recap piece published with a little more, its well worth reading for a view of where we are at re intervention to support the JPY (and KRW perhaps). The United States, Japan and South Korea agreed to "consult closely" on...
EU says it will take further restrictive actions against Iran
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Fed’s Mester says inflation is higher than expected, need more confidence on trajectory
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’s Vasle sees rates much closer to 3% at year-end
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IMF says surging US & China debt pose risks for global public finances
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,...
ICYMI – BoA survey: 76% of fund managers polled expect at least 2 Fed rate cuts in 2024
Via Bank of America's monthly global fund manager survey (conducted between April 5 and April 11):76% of fund managers polled expect two or more Federal Reserve interest rate cuts in 20248% expect no rate cut at allThe timing of this survey saw the March CPI released...
Forexlive Americas FX news wrap 17 Apr. The USD moves lower snapping 5 day up streak
The USD was lower and the weakest of the major currencies today. The NZD is the strongest.There was little in the way of econonmic data (well nothing). The weekly oil inventory data showed a larger than expected build in oil inventories although gasoline and...
ICYMI – US President Biden calls for a tripling of tariffs on Chinese steel
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 to reimpose oil sanctions on Venezuela
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Another down day for US stocks
The major US stock indices have another down day. The S&P and NASDAQ indices are now down for four consecutive days. A snapshot of the closing levels shows:Dow Industrial Average down -45.66 points or -0.12% at 37753.32S&P index down -29.18 points or -0.58% at...