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,...
Banks Earning Season: JPMorgan & Citigroup
America’s bank conglomerates – JPMorgan and Citigroup – shall deliver their Q1 2024 earnings result this Friday (12h April) before market open. S&P500 & Dow Jones U.S. Banks Index Performance. Source: SPGlobal Dow Jones US Banks Index has performed...
An engine cover fell off a Southwest Airlines Boeing 737-800 and hit wing during take off
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Australian housing finance data for February: Owner occupied +1.6% m/m & Investment +1.2%
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Earthquake hits southern Japan, emergency warning issued for Miyazaki, Kagoshima
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PBOC sets USD/ CNY reference rate for today at 7.0947 (vs. estimate at 7.2230)
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 Treasury readout of Secretary Yellen’s meeting with China’s finance minister
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Goldman Sachs says Brent stays below $100/bbl in their base case
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PBOC is expected to set the USD/CNY reference rate at 7.2230 – 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...
Bank of Japan Governor Ueda says will respond appropriately to changes in the economy
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Reports that progress has been made in Gaza ceasefire talks
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Japan current account for February showed a smaller surplus than expected
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Real wages in Japan fell for the 23rd consecutive month in February
Japan data for February 2024.Labour cash earnings +1.8% y/y expected +1.8%, prior +2.0%Real wages (ie inflation adjusted wages) -1.3% y/yexpected -1.4%, prior -0.6%At wage negotiations in March Japanese firms agreed to raise wages 5.24% this year, the biggest increase...
Middle East geopolitical tension eased back a little over the weekend
Various reports about the place on developments in the Middle East on Sunday:Israel and Hamas have both sent teams to Egypt for fresh talks on a potential ceasefire a possible temporary ceasefire in Gaza that could be reached by Eid al-Fitr, The New Arab...
3 trends that are going to keep Federal Reserve interest rates higher for longer
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Oil futures have opened for the new week – price drop as weekend risk passes
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People’s Bank of China will lend US$70 billion to support science and technology sectors
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ICYMI – Bank of America says higher oil prices (>$100) will prevent central bank rate cuts
Bank of America is wary of higher commodity prices: “While the shift in commodity prices might not question the start of the cutting cycle in June, it could prevent the ECB from hastening the cycle in December.”And will become even more wary if the cycle higher...
Economic calendar in Asia, Monday, 8 April 2024
There isn't juch on the data agenda for the Asia session to move around major FX too much - eyes will be on the headline feed. Note that with USD/JPY towards 152.00 again the probability of verbal intervention from Japan is higher again today.For those trading...