USD/JPY down a few ticks on the data. While Japan's December core machinery orders improved y/y there are a few caveats to note:the y/y at +4.3% was a miss on the consensus estimate of +6.9%the -1.2% m/m was a miss on the estimate also Admittedly this is a volatile...
Reserve Bank of New Zealand expected to cut official cash rate (OCR) target by 50bp today,
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Japan manufacturing sentiment improves second consecutive month, services sector stable
Japan’s manufacturing sector showed signs of steady recovery in February, with sentiment improving for the second straight month, according to the latest Reuters Tankan survey. The manufacturers' sentiment index rose to +3, up from +2 in January, marking its highest...
Bank of America Survey: Trade war fears rise as US equities remain overvalued
Investor concerns over a potential global trade war are escalating, with 42% of fund managers in Bank of America’s latest survey citing it as the biggest risk to risky assets in 2025—up from 30% in January. The prospect of a trade war-induced recession has now...
JP Morgan on Trump’s social media activity showing diminished market-moving influence
Analysts at JP Morgan say that Trump’s social media activity has significantly declined in market-moving influence compared to his first term.JPM cite his 126 posts on trade and economics, saying that only 10% of them triggered notable currency fluctuations. JPM says...
Trump said he may not let Venezuela export oil, petroleum products, via firms like Chevron
Trump said he may not let Venezuela export oil and petroleum products via companies like Chevron"We're looking at that now"Less oil (like cutting it off from Venezuela) would, at the margin, support then price. However, there are a couple of things to keep in mind on...
Bitcoin’s Path to $500K: Institutional interest grows amid (trimmed) regulatory hopes
Bitcoin’s journey toward a potential $500,000 price target by 2029 is gaining momentum as institutional interest continues to strengthen. Standard Chartered highlights that improved regulatory frameworks and reduced market volatility could attract more buyers, laying...
New Zealand Q4 PPI falls q/q
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Trump says “will be announcing” large firms that are coming back to the US re Chips, cars
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Economic calendar in Asia 19 February 2025 – Reserve Bank of New Zealand rate cut day
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Trade ideas thread – Wednesday, 19 February, insightful charts, technical analysis, ideas
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Forexlive Americas FX news wrap: US dollar firms and US stocks close at a record
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Canadian election polls take a big turn as Mark Carney surges
The latest Canadian poll from Angus ReidSix weeks ago it was a foregone conclusion that the Conservatives would win the 2025 election (it's due in October or earlier) and Pierre Poilievre would become the next Prime Minister.Then three big things happened:Trudeau...
There was something that stuck with me in Trump’s earlier comments on Iran
Trump signs executive order on Iran on Feb 4One thing that's been floating around in my head in a comment that President Trump said two weeks ago when he signed the fresh 'maximum pressure' executive order to halt Iran oil exports. "This is one that I'm torn about,"...
Silver Lake is near a deal for Intel’s Altera – report
There were several reports over the long weekend suggesting that Intel could be split up and sold off. That has fresh traction with a report from Bloomberg that Silver Lake is near a deal for a stake in Intel's Altera.Intel bought Altera in an all-cash deal in 2015...
US stocks drift to the lows of the day
US equities are under some mild selling pressure at the moment as the S&P 500 erased a small gain and is now down 10 points to 6104. A test of the 6100 barrier held and this looks like moderate back-and-fill price action.Zooming out, the daily chart shows...
BofA: EUR/USD to decline near-term but will rally to 1.10 by year-end
BofA maintains a EUR/USD outlook of short-term weakness but a medium-term recovery. They do not expect parity, but the pair could drift lower before rallying to 1.10 by year-end—well above consensus. With EUR/USD already at their mid-year forecast of 1.05 ahead of...
EURUSD stretching lower. Below 100 hour MA. Tests swing area aupport.
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USDCHF buyers are making a short term play after bouncing off support level on Fri./Monday
USDCHF buyers defended key support near 0.8965 - 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near this area before a modest upside move, reinforcing its significance as a key support zone.Today, the pair broke above a...
Fed’s Barr to speak at the top of hour but on AI in the economy and financial stability
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