Scholz is widely expected to lose the vote, after having seen his coalition collapse in November. For some context, his government does not command a majority already. The vote is all but a formality to tee up fresh federal elections in Germany. That will happen once...
ForexLive Asia-Pacific FX news wrap: Japan ‘wholesale’ inflation highest in 16 months
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,...
There are some expectations (minority) of policy change from the MAS in January
The MAS Survey of Professional Forecasters provides a summary of forecasts of Singapore's key economic indicators by economists and analysts. The survey is conducted quarterly following the release of economic data for the previous quarter by the Ministry of Trade and...
Intervention – Indian central bank likely selling US dollars to limit rupee depreciation
The central bank of India is the Reserve Bank of India (RBI) - supporting the local currency according to trader reports. INR had been one of many currencies dropping against the rampant US dollar. The rupee hit its lifetime low of 84.86 per dollar in early trading....
Taiwan says they will take necessary defence measures re Chinese military activities
China's Taiwan Affairs Office, asked about ongoing Chinese military activities around Taiwan:China's Taiwan Affairs Office stated that they will take necessary measures to resolutely defend the country's sovereignty and territorial integrity and safeguard the peace...
South Korean police raiding Presidential office re coup
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Reports Japan is considering a 4% corporate tax surcharge – to go toward defence spending
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US November CPI data due Wednesday, ranges of estimates (& why they’re crucial to know)
Later today, Wednesday, 11 December, we get the US consumer inflation data for November 2024 due at 1330 GMT, which is 0830 US Eastern timePreview posts are here:This snapshot from the ForexLive economic data calendar, access it here.Taking a look at the range of...
HSBC expects EUR/CHF to rise to 0.95 (end 2025 view!)
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 inflation data recap – persistent rise keeps focus on BoJ rate hike speculation
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PBOC sets USD/ CNY mid-point today at 7.1843 (vs. estimate at 7.2379)
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 admin is considering further sanctions on some Russian oil exports
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Japan’s Q4 Business Outlook Survey presents a mixed bag of results
Japan's latest Business Outlook Survey, for Q4 2024, has been published. The TL;DR is:Large corporations continue to see modest positive sentiment, but the outlook is gradually softening. Small corporations remain under pressure, with persistent pessimism and labor...
ANZ recommends selling AUD/CAD, targeting 0.86
This comes via eFX. ANZ recommends selling AUD/CAD, expecting the pair to weaken due to AUD's greater sensitivity to risk sentiment and trade dislocations, while the negative CAD narrative is already priced in.Key Points:AUD Weakness:Trade Risks: Ongoing US-China...
PBOC is expected to set the USD/CNY reference rate at 7.2379 – 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...
ADB leaves China economic growth forecasts unchanged at 4.8% (2024) and 4.5% (2025)
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Japan November PPI +0.3% m/m (expected +0.2%) and +3.7% y/y (expected +3.4%)
Japan Producer Prices, also known as Corporate Goods Price Index for November 2024. more to come ---The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI)its a measure of the average change over time in the selling prices...
Goldman Sachs look for US$3000 gold – lower rates, central bank and investor buying cited
Goldman Sachs says the dip for gold was just a blip, its going higher. GS cite:easing monetary policycentral bank buyinginvestor buyingMore:“Since 2022, gold prices have surged 40% even as US interest rates were climbing ... That is very strange. Typically, higher...
Reuters Tankan – Japan manufacturing sentiment negative for the first time in 10 months
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