USD/JPY traded higher on Monday in Europe. It tracked pretty much sideways during the US holiday that followed. Asian morning trade is testing the Monday high. The backdrop is solid uptrend on the hourly chart, but note the prior tops around this area from the week of...
US President Biden to speak on Tuesday at 2pm US Eastern time
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Bank of Korea sees inflation maintaining its current stable trend for the time being
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 7.1120 – 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...
Australian weekly survey shows inflation expectations eased to the lowest since late 2021
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South Korea’s Vice Finance Minister says inflation expected to stabilise in lower 2% range
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,...
UK data – British Retail Consortium (BRC) total sales in August, the strongest since March
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South Korea’s headline CPI in August has risen at its slowest y/y pace since March 2021
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: China warns of severe economic retaliation against Japan re chipmaking curbs
Bloomberg carried the report overnight. Bloomberg is gated, but in brief.In July, Japan started restricting exports of 23 types of semiconductor manufacturing equipment, aligning with U.S. efforts to limit China's ability to produce advanced chips. China has responded...
New Zealand data: Q2 2024 Terms of trade +2.1% q/q (expected +2.0%)
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,...
Here’s a positive view on China – the worst is in the rear-view mirror
Japan’s Sumitomo Mitsui DS Asset Management argues that the worst is now behind for China. This snippet in brief.Analysts at the firm hold a positive outlook, citing:Chinese equities are attractively valuedThe worst is now behind China, even if the property market may...
ICYMI – A growing rift at the ECB
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UBS on all time highs in equity markets – “record highs aren’t the same as market peaks”
Via UBS come some interesting points with the S&P 500 only around 1% from a record high. The note looks at the S&P 500 total returns (i.e. price gain plus dividends) from 1945, and points out the drawdown % risks from buying at random starting points: in 28%...
Economic calendar in Asia Tuesday, September 3, 2024 – Australian GDP input
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 – Tuesday, 3 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,...
The August ISM manufacturing index is due on Tuesday
ISM manufacturingUS markets are closed on Monday for Labor Day but will come to life on Tuesday including some notable economic data. The highlight is the 10 am ET release of the August ISM manufacturing index.In July, the survey disappointed with a fall to 46.8...
Atlantic Hurricane map shows some life
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,...
European equity close: Early declines erased
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,...
Mexico manufacturing PMI drops to two-year low
PMI falls to 48.5, lowest since August 2022New orders and production decline acceleratesCost inflation hits 21-month high, driven by raw material shortages and peso depreciationJob shedding continues for fourth straight monthEmployment decreased for the fourth...
Libya oil shutdown endures
WTI dailyReports on Libyan production have been mixed, with some saying it was resuming while others say it's still halted. WTI crude is flat at the moment after initially falling at the open, highlighting the uncertainty.The latest report comes from S&P Global,...