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China plans further cuts to house buying taxes to boost property sector
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 testing towards 154.00
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 central rate at 7.1927 (vs. estimate at 7.1944)
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,...
Buffett’s Berkshire Hathaway hoarding cash in a pattern seen before the financial crisis
The Journal speculates on Buffett's largest ever pile of cash. The Wall Street Journal is gated, but here is a quick summary of the pice:Warren Buffett's Berkshire Hathaway holds $325 billion in cash, mostly in Treasury bills. It remains cautious on new...
Australian October business confidence 5 vs. prior -2
National Australia Bank monthly survey of business, for October 2024Business Confidence +5, highest in nearly two yearsBusiness Conditions +7--Some of the sub indexes:sales +1 to +13 (a strong reading)profitability steady at +5employment intentions -2 to +3growth in...
PBOC is expected to set the USD/CNY reference rate at 7.1944 – 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...
JP Morgan on surging stocks, crypto – the signs of rally fatigue to watch for
JP Morgan nominate the yield that will signal rally exhaustion is the 5% level on the 10-year Treasury."We think that around 5% the impact of bond yields on equity valuations starts to turn, from positive/reflationary one, into the rising concerns over the...
ICYMI – PBOC Governor warned on yuan slide, will ‘guard against risk of overshoot’
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Rising Household Spending Trends in Australia: October Insights
Data via Commonwealth Bank of Australia, one of Australia's largest four banks. The CommBank Household Spending Insights (HSI) index rose by 0.8% in October, partially offsetting a -0.9% decline in September.Spending Categories: Ten out of twelve categories showed...
Australian monthly consumer confidence index for November +5.3% m/m (prior +6.2%)
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US inflation data this week expected to show core CPI moving sideways – risk ahead higher
A note via Bank of America economists on expectations and wariness on US October CPI data due Wednesday at 8.30 am US Eastern time. BoA expect core CPI to show an increase of 0.3% m/m monthholding at 3.3% y/ywould be the third consecutive month with a 3.3% core...
ICYMI – Japanese PM discussed wage negotiations with business and labour unions
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ICYMI – Japan Unveils $65 Billion Plan to Boost Chip and AI Industries
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Australian Consumer Confidence continues to trend up, but still deeply pessimistic at 86.7
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New Zealand data – October retail sales indicator lower again y/y
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Bitcoin up, gold down … why is gold plummeting?
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Forexlive Americas FX news wrap: Bitcoin soars to $87,000, euro hits lowest since April
Markets:Bitcoin up 14% to record $87,200WTI crude down $2.21 to $68.17Bond market closed for holidayGold down $58 to $2625S&P 500 flatRussell 2000 +1.6%US and Canadian newsflow was extremely light on Monday in large part due to Veteran's Day and Remembrance Day...
S&P, Nasdaq and Dow close at new records. Russell 2000 closes just short of a new record
More records are reached today:Dow industrial average closes over 44,000 for the first time everS&P index closes above the 6000 level the first time everNASDAQ index closes at a new record level as wellFor the Russell 2000 it lasts record close was back on...