Japan’s 2-Year Bond Yield rises to its highest level in more than 10 years. On Tuesday, Japan’s inflation rate declined from 2.3% to 2.0% which was slightly higher than expectations. Japan’s bond yields rise as investors continue to speculate that Japan will move away...
Discover What? Why Discover Stock Skyrockets?
Discover company's stock jumped by more than 10% instantly on the New York exchange. Such a rapid increase is remarkable in itself, but there is more to it. Let’s find out why investors should pay attention to this company and its stock.Discover (also known as...
Eurozone January M3 money supply +0.1% vs +0.3% y/y expected
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USD/JPY nudges lower on the session as bond yields weigh
This is arguably the only notable mover on the session thus far. USD/JPY is gradually falling as 10-year Treasury yields are also seen down nearly 4 bps to 4.26% on the day. The pair is now down roughly 50 pips to 150.20 as sellers look to seize near-term...
European equities little changed to kick off the session
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France February consumer confidence 89 vs 92 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,...
Germany March GfK consumer sentiment -29.0 vs -29.0 expected
Prior -29.7; revised to -29.6German consumer sentiment is seen stabilising but still at a relatively low level. Rising prices and a weaker economic outlook continues to keep a drag on household optimism in Europe's largest economy. GfK notes that:"For the time being,...
FX option expiries for 27 February 10am New York cut
There are a couple to take note of for the day, as highlighted in bold.The first ones are for EUR/USD at 1.0850-65, which could see price action be more sticky in the session ahead. The offers lined up at 1.0900 are also likely to keep any upside momentum intact for...
German and French consumer sentiment on the agenda today
The slow start to the new week continues to drag on and that is not leaving much for traders to work with as we look towards European morning trade. The dollar is still largely steady, although EUR/USD is sneakily moving higher after yesterday's push. That will be one...
What does the latest inflation snapshot tell us?
These are just the headline inflation numbers but the trend has been pretty clear over the last six months. If you look back to August last year, we still had near 7% inflation in the UK, with Germany and France still seeing 6% and roughly 5% inflation respectively....
The slower start to the week drags on for now
Once again, major currencies are looking fairly subdued as we look towards European trading today. The dollar is marginally lower, with USD/JPY down 0.2% to 150.43 after the Japanese inflation data earlier here. That being said, the movements since yesterday have been...
ForexLive Asia-Pacific FX news wrap: USD/JPY lower after Japanese inflation data
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Federal Reserve Vice Chair for Supervision Barr speaking Tuesday
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Media reports that China will remove tariffs on Australian wine at the end of March
China slammed Australian products with tariffs in retailation for US moves against China back during the Trump administration. As a a key US ally and very small global player Australia was easy to kick around by Chinese Communist Party bullies. One of the imposts was...
FT says “China props up renminbi ahead of leadership summit in March”
The Financial Times is gated, but the central point of this article is that Chinese authorities are propping up the CNY:as Beijing seeks to bolster confidence in the country’s currency and economy ahead of a key leadership summit.I'd add that China, via the PBOC, has...
Kansas City Federal Reserve President Schmid is the new Hawk on the block
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Bitcoin Soars as Microstrategy Invests $155mn, halving a background fundamental too
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Standard Chartered suspended new offshore flows via QDII channel out of China
Reuters with the headline info that Standard Chartered has suspended new subscriptions by its clients in China into offshore products via a quota-based channel. The Qualified Domestic Institutional Investor (QDII) programme was launched in 2006.QDII is one of the few...