It all started with equities last month, as Nvidia sent stocks into overdrive. Then, we saw the likes of gold and Bitcoin soar to fresh record highs. And earlier this week, we got a break lower in Treasury yields as the bond market reacted as well. Now, we're finally...
ForexLive Asia-Pacific FX news wrap: Yen adds further solid gains
The yen followed on from its gains on Wednesday by adding to them here today. USD/JPY is under 148.50 as I post and yen crosses are lower pretty much across the board.USD/JPY dropped under 149.00 after wages data in Japan for January. The data showed good nominal wage...
MUFJ expect the Bank of Japan to end negative rates at its March meeting
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China’s iron ore imports in January – February jumped up 8.1% y/y
China's iron ore imports in the first two months of 2024 rose solidly, with pre-holiday restocking, higher shipments cited. China imported 209.45 million metric tons over the two-month perioda monthly average of 104.73 million tonscompared with a monthly average of...
Heads up for more speeches from RBNZ Governor Orr and Chief Economist Conway
RBNZ Governor Adrian Orr and Chief Economist Paul Conway will continue their speaking engagements next week.The RBNZ advise:While Governor Adrian Orr is in Europe attending meetings, he will also speak about the February Monetary Policy Statement (MPS) to clients of...
China trade data: January- February yuan denominated exports +10.3% y/y
February trade data from China is skewed by the New Year break. YTD figures, i.e. for January and February combined, are a better guide given the moveable holiday period each year.USD denominated numbers for the January - February months:Imports +3.5% (expected...
Heads up for US President Biden to speak Thursday evening – inflation will feature
Inflation will be a hot topic of Biden's speech to the nation on Thursday evening US time. White House press secretary Karine Jean-Pierre spoke with media on Tuesday:“The president will make clear in the State of the Union that he will continue fighting to lower costs...
Federal Reserve Chair Powell speaks again on Thursday. Mester is on deck also.
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Japan’s largest industrial union says wage hikes won are bigger than last year
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USD/JPY extedning lower on rumours and Nakagawa comments
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Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY
Most Read: US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFPThe European Central Bank's Thursday meeting is likely to be a subdued affair, with markets widely expecting interest rates to remain unchanged for the fourth consecutive...
BOJ board member Nakagawa says steady progress being made towards inflation target
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Reports some government officials are said to support a near-term Bank of Japan tightening
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PBOC sets USD/ CNY reference rate for today at 7.1002 (vs. estimate at 7.1898)
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Bank of Japan Governor Ueda to speak from 3.10pm Tokyo time
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More on Japan wages data: Real wages shrank in January for the 22nd consecutive month
I posted on the wages data from Japan earlier, noting that:Nevertheless, hopes are still high for some sort of policy move from the Bank of Japan, with the yen being bought. Its sent USD/JPY back under 149.00 for the first time in a month. The Bank of Japan is...
Australian January exports +1.6% m/m (prior +1.8%) & Imports +1.3% (prior +4.8%)
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Australian housing finance data for January: -4.6% m/m (prior -5.6%)
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