Q1 GDP data is due from Singapore at 0000 GMT, 20000 US Eastern time. y/y GDP is expected at 3.0%, prior 2.2%q/q prior is 1.2%Along with the data is the April 2024 policy statement from the Monetary Authority of Singapore. --As background, the MAS's key monetary...
Chinese Premier Li Qiang to visit Australia in June
A sign of improving relations between Australia and China. Chinese Premier Li Qiang to visit Australia in June says Hong Kong media, the South China Morning Post.No further info at this stage except to say it'll be in late June. Li Qiang met with Yellen last...
RBC expects a December Federal Reserve rate cut (were previously tipping June)
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 March data – food price inflation and retail sales both down
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,...
Deutsche Bank expects a December Federal Reserve rate cut (were previously tipping June)
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 March Manufacturing PMI contracts for the 13 month in a row
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,...
Bank of America expects a December Federal Reserve rate cut (previoulsy were tipping June)
Economists at Bank of America have revised their projection for a Federal Open Market Committee (FOMC) rate cut, citing the, you guessed it, hotter-than-expected CPI data for March. BoA were calling a June FOMC rate cut.In shifting their call to June they have also...
International Monetary Fund (IMF) says the Fed should be able to cut rates by end 2024
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 York Fed President Williams jacked up his PCE inflation forecast for 2024
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,...
FX option expiries for Friday, 12 April 2024 at the 10am New York cut
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,...
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Morgan Stanley says US stock rally is disconnected
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 how to pick a number for USD/JPY intervention (& also how intervention will happen)
Pick a number continues for where Japan's Ministry of Finance is expected to have the Bank of Japan intervene to support the yen.152.00 was being widely touted as the line in the sand but the winds of US CPI blew that sand away. Rabobank say the MoF don't want a move...
Biden threatens China over attacks on Philippines’ vessels – mutual defence treaty
US President Biden says any attack on Philippines' vessels in the South China Sea would invoke their mutual defence treaty.The background to this is China's claim to large swathes of the South China Sea, a claim ruled as having no basis under international law by the...
Forexlive Americas FX news wrap: ECB holds rates but hints at coming cuts
Markets:Gold down $40 to $2372US 10-year yields up 1.6 bps to 4.576%WTI crude oil down 58-cents to $85.63S&P 500 up 0.7%AUD leads, CHF lagsThe ECB decision led to surprisingly-little in terms of price action. The euro wobbled in a 1.0700 to 1.0750 range with the...
Economic calendar in Asia Friday, 12 April 2024 – China trade data
Chinese trade data is the focus for the data calendar this session. Exports have been improving, but the estimate for March is for a drop y/y. The Chinese economy has been showing signs of improvement, but the People's Bank of China is still very nervous about the...
US equities bounce back bigtime
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 – Friday, 12 April, 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,...
The US is looking like an outlier in the global inflation picture. Why that matters.
There is a raging debate about US inflation right now and whether it will be sticky. But more importantly, there's a debate about the inflation regime that we're in right now. We spent 20 years before covid in an era of disinflation and many believe we're in a new era...
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