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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...
Bank of England Deputy Governor Dave Ramsden speaking on Tuesday
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Bitcoin jumping higher again, price above US$55K
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,...
More from Fed’s Schmid: Would be a mistake to consider cryptocurrency as a currency
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 7.1057 (vs. estimate at 7.1945)
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,...
US Treasury Secretary Yellen says inflation to fall in 80% of economies in 2024
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Fed’s Schmid: Not out of high inflation yet, Fed should be patient on cuts
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PBOC is expected to set the USD/CNY reference rate at 7.1945 – 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...
UK February shop prices rose at their slowest pace since March 2022
British Retail Consortium (BRC) shop price inflation data for February 2024 came in at +2.5%prior +2.9%2.5% is the smallest rise since March 2022BRC Chief Executive Helen Dickinson said a 0.1% month-on-month fall in food prices was driven by easing input costs for...
Deutsche Bank on a record run for US equities – with no mean reversion in sight ahead
Deutsche Bank on US equites:We are in rarefied air in terms of the relentless risk rally since the end of October. the S&P 500 has now been up for 15 out of the last 17 weeks ... the first time since 1989 that’s happened, and before that you’d need to go back to...
Gold Price Forecast: Confluence Resistance Stifles Bulls, Focus Shifts to US PCE
Most Read: US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY SetupsGold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields - a situation that generally diminishes the appeal of the...
Japan January 2024 CPI: Core CPI +2.0% y/y (vs. 1.8% expected)
Japanese 'core' inflation (CPI excluding fresh food) was expected to fall under 2% for the first time since March 2022. It hasn't but is still the slowest pace of increase since then.Japan CPI ex. Fresh Food & Energy 3.5% y/y, slowest rate of increase since...
JP Morgan’s 3 reasons corporate earnings are headed lower, see “disappointing profits”
JPMorgan says the US earnings season has been strong, but the wheel may turn for worse soon. JPM analysts see three key drivers that could indicate that corporate profitability is headed lower from here1. Firms were able to benefit from a lower net interest expense...
US President Biden President will meet with Congressional leaders at 11.30 am Tuesday
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Australian weekly consumer confidence survey 83.2 (prior 82.8)
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Barclays says the US equity rally is going to take a ‘breather’
Barclays say the most recent driver of the rally last week was Nvidia earnings, and now that's in the rear-view mirror " the risk rally should take a breather from the frantic pace of recent weeks"Analysts at the bank haven't turned bearish. And on the economy they...
Forexlive Americas FX news wrap 26 Feb: Quiet Monday with limited data and price action.
Looking at the Monday trading from a broader perspective the low to high trading ranges were limited to start the week. Comparing to the average trading range over the last month of trading for the major currency pairs, it shows:EURUSD 47 pips vs 60 pip averageGBPUSD...
RBNZ Governor Orr has a huge barrage of media interviews scheduled in the days ahead
Here is the schedule of RBNZ Governor Orr's speaking appointments in the days following the February 28 policy announcement:Thursday, 29 February 2024Governor Adrian OrrRadio NZ- Morning Report 6-9am. (Business News 6.53am & pre-recorded interview.)TVNZ Breakfast...
Santander (US) says the Federal Reserve’s FOMC may delay rate cuts until after US election
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