PCE inflation data for February will be released! What is this? The Federal Reserve prefers the Core Personal Consumption Expenditures (PCE) Price Index over the Consumer Price Index (CPI) as a measure of inflation for several key reasons:The Core PCE covers a broader...
Federal Reserve Chair Powell speaks Friday, San Francisco Fed’s Daly also
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,...
China Vanke says its objective is to cut interest bearing debt by 100bn yuan in next 2 yrs
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’s industry minister says to extend fuel subsidies for a “certain period”
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 finance minister Suzuki says speculative moves may be behind JPY weakness
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PBOC sets USD/ CNY reference rate for today at 7.0950 (vs. estimate at 7.2259)
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,...
USD/JPY update – lower (in a small range) after Suzuki’s verbal intervention
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 finance minister Suzuki says rapid FX moves are undesirable, speculative moves seen
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 Japan Deputy Governor Uchida will appear in parliament from 10am Tokyo time
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 February Retail Sales +4.6% y/y (vs. +3.0% expected)
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 data – February preliminary Industrial Production -0.1% m/m (expected +1.4%)
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 February unemployment rate 2.6% (expected 2.4%, prior 2.4% also)
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,...
Tokyo area March inflation data: Headline 2.6% y/y (prior 2.6%)
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,...
Analyst says the Bank of Japan is “very, very close” to intervening in JPY
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,...
JP Morgan analyst warns on stock flash crash – ” might come one day out of the blue”
A JP Morgan analyst was out with a somewhat generic warning in the middle of the week. Warning that excessive crowding in the market’s best-performing stocks raises the risk of an imminent correction: “It just might come one day out of the blue. This has happened in...
Japan’s CEOs less upbeat on the economy, cautious ahead of wage hikes kicking in
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,...
Forexlive Americas FX news wrap 28 Mar: The quarter comes to an end.Stocks, yields. USD up
As traders (and central bankers too) look toward the long Easter weekend, starting with Good Friday tomorrow and Easter Monday in some countries on Monday, the markets closed the quarter with gains in stocks, gains in oil, yields higher, Bitcoin (and crypto) higher...
ICYMI: Japan PM Kishida says its appropriate for the BOJ to maintain easy monetary policy
Japan's Prime Minister Fumio Kishida spoke at a press conference on Thursday in Tokyo.In it he addressed the change in monetary policy from the Bank of Japan and reiterated that its appropriate for the Bank to maintain accommodative monetary conditions. This, of...
S&P and Dow close at record levels
The S&P and Dow Industrial Average closed at record high levels. For the S&P was the 22nd record close in 2024. The Dow Industrial Average is less than 200 points from Dow 40K. The NASDAQ index was not so fortunate as it closed down on the day. For the quarter...
Economic calendar in Asia for Good Friday, 28 March 2024 – big day for Japanese inflation!
Japanese (Tokyo) CPI, and jobs, data is due at 2330 GMT, which is 1930 US Eastern time.The other data follows at 2350 / 1950.Japanese and mainland China markets are open today.****For the headline Tokyo CPI the expected I've seen is 2.5%, slightly down from 2.6% but...