Well, that's not too supportive of their latest measure to normalise monetary policy now, is it? As mentioned already at the end of last year, the BOJ is facing a race against the clock. And after last week's move, they still are if they are intending to tighten...
China president Xi reportedly to meet with US business executives later this week
This is scheduled to take place on Wednesday this week. The meeting is reportedly proposed by the chief executive of US insurer Chubb, Evan Greenberg. And the other outside attendees will include Stephen Orlins, president of the National Committee of US-China...
FX stays rather muted so far on the day
You can always get a sense of what a lull it is when EUR/USD is trading within a 10 pips range on the day. The dollar was slightly softer in trading yesterday but it isn't anything too significant. So far, there is no follow through of that as some key technical...
Citi warns “more reasons for caution than optimism” & services inflation stays high
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 Central Bank chief economist Lane will be speaking on Tuesday
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,...
People’s Bank of China projected to deliver two more RRR cuts this year – Bloomberg survey
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,...
Senior Deputy Governor of Bank of Canada Rogers speaks on Tuesday
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,...
RBA speaker due at 0220 GMT (2220 US Eastern time)- unlikely to be mon pol comments
There is a speech from the RBA coming up soon, at 0220 GMT. Its from Ellis Connolly, Head of Payments Policy. Its very unlikely there will be anything said about monetary policy but there may be a comment or two on the economy.Its around 24 C (75 F) in Sydney so I...
Chinese assaults on Philippines shipping intensifying – US military could be drawn 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,...
New Zealand accuses China of hacking parliament
A statement from New Zealand's Foreign Minister Winston Peters regarding a state-sponsored cyber hack on New Zealand's parliament in 2021:“Foreign interference of this nature is unacceptable, and we have urged China to refrain from such activity in future,” The hack...
AUD and NZD pop again right around PBoC fixing 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,...
PBOC sets USD/ CNY mid-point today at 7.0943 (vs. estimate at 7.2037)
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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China-run tanker shipping Russian oil hit by Houthis
Houthi terrorists were said to have had an agreement with Russia and China to allow their vessels safe passage. 'US officials, however, reported that a Chinese oil tanker hauling Russian oil appears to have been hit. The attack occurred over the weekend. Via Lloyds:US...
Morgan Stanley is forecasting 4 Federal Open Market Committee (FOMC) rate cuts in 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,...
PBOC is expected to set the USD/CNY reference rate at 7.2037 – 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...
UBS forecasts the S&P 500 will end 2024 around current levels
UBS is not looking for the S&P 500 to end up any higher by the end of 2024.Analysts at the bank say a 'soft landing' is their base case for the US economy, including a moderation of economic growth, further falls for the inflation rate, and lower interest rates....
Japan data: February Services PPI 2.1% (prior 2.1% also)
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Japan fin min Suzuki says won’t rule out steps to address disorderly FX moves
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Australian monthly consumer confidence falls to 84.4 in March vs. 86.0 in February
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