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,...
The wait for the Bank of Japan Statement is now live!
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 – Federal Reserve Chair Powell says “We’re not allowed to own bitcoin”
Federal Reserve Chair Powell covered a lot of ground in his press conference today, with the emphasis on, of course, the outlook for monetary policy. He was asked by a reporter though if he sees value in the U.S. government building a bitcoin reserve. Powell was not...
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Three reasons China is taking over the global car market
OK, I'll admit it, my headline is a little but overblown. But, the rise of Chinese carmakers is sending shock waves through the global auto industry. For example:Via the Wall Street Journal (gated):In the U.S., General Motors said this month it was taking $5 billion...
PBOC sets USD/ CNY reference rate for today at 7.1911 (vs. estimate at 7.3165)
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,...
FOMC topside inflation risk surge (from 3 in September to 15 in December)
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,...
Australian Inflation Expectations (December 2024) 4.2% (prior 3.8%)
Melbourne Institute Survey of Consumer Inflation Expectations in Australia for December 2024. Jumped to 4.2% from 3.8% in November. This is what I put together before today's data (which I might have to rethink!):Its recently indicated a decline in consumer inflation...
The PBOC is expected to set the USD/CNY reference rate at 7.3165 – Reuters estimate
The Bank will face a battle propping up the yuan today***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...
New Zealand December business confidence 62.3 (prior 64.9)
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,...
The Hong Kong Monetary Authority has cut its base interest rate by 25bp, as expected
The Hong Kong Monetary Authority (HKMA) is Hong Kong’s de facto central bank.Its barely worth posting that they have cut their benchmark rate. They automatically match moves from the Federal Reserve's Federal Open Market Committee (FOMC). But, its an opportunity to...
South Korea again says preparing FX stability and liqudity measures
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 “dramatically worse than anyone had expected” – RBNZ could cut by 75bp in Feb
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,...
Here’s a view saying BoJ to hike today (or maybe January!) – stronger yen in months ahead
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,...
5 key take home points from FOMC day – nailed it or failed it?
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 dollar falls even further after GDP plunges
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,...
Trump notified Japan that meeting with PM Ishiba possible in mid-January
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 Q3 GDP -1.0% q/q (vs. -0.4% expected)
New Zealand Q3 economic growth data is just awful - a much larger contraction than was expected. New Zealand Q3 2024 GDP Performance:GDP Decline: The economy contracted by 1.0% in Q3 2024, following a revised 1.1% decrease in Q2 2024.Revision of Q2 Data: The Q2...
Trump-Vance statement calls for more US debt – “increase the debt ceiling”
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 Q3 GDP data is due imminently – contraction expected
Economic growth data for Q3 2024 is due from New Zealand at 2145 GMT, which is 1645 US Eastern time. New Zealand's economic performance in the first half of 2024 was modest, with slight fluctuations in GDP.First Quarter (Q1) 2024:GDP Growth: The economy experienced a...