The Japanese government notes that the economy is now "recovering moderately though it appears to be stalling recently". This syncs up with their view on consumer spending, which has also been slashed for the first time in two years. They note that a pickup in that...
Light gains at the open as European stocks come to play today
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FX option expiries for 21 February 10am New York cut
There are just a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at around 1.0778-80, which could help to limit any downside action in the session ahead. That also sits near the 100-hour moving average, seen at 1.0776 currently....
Chinese stocks keep with the rebound but squares up against key technical test
The Chinese plunge protection team looks to have restored some slight confidence, bolstered by the loan prime rate cut yesterday here. That is helping to see domestic stocks stick with the recent rebound with the Shanghai Composite closing up 1.0% today and the CSI...
A placeholder session before the FOMC meeting minutes
Major currencies are mostly subdued with risk appetite also sapped to start the day. The aussie and kiwi are decent movers, carrying over the momentum from yesterday here. Meanwhile, the dollar remains steady with EUR/USD holding near 1.0800 and USD/JPY still gyrating...
Natural gas looks to come up for air?
The selling since the end of January has been rather unrelenting. And that saw natural gas prices sink to a 3½-year low at one point earlier this week. A much warmer winter has been all the rage and the shutting down of the Freeport terminal in Texas at the end of...
Gold continues to shine in trading this week
I've been on this for a while now with the latest post yesterday here: Gold extends rebound for a fourth day runningGold (XAU/USD) daily chartIt's been a rather straightforward rebound since testing the 100-day moving average (red line) for gold. That sees price run...
ForexLive Asia-Pacific FX news wrap: Subdued FX awaiting the FOMC minutes
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China’s onshore and offshore yuan have hit their highest this month
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Toyota says wage negotiations with its labour union will continue.
Toyota says negotiations with its labour union will continue. The first round of talks concluded on Wednesday. These spring wage negotiations are being awaited by the Bank of Japan. The Bank wants to see solid wage rises to help cement inflation in place 'stably and...
Warren Buffett’s annual letter to shareholders will be published on Saturday 24 February
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Bank of England Monetary Policy Committee member Dhingra speaking Wednesday
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Fed speakers on Wednesday include Bostic and Bowman – its not all about the FOMC minutes!
Coming up on Wednesday, 21 February 2024: 1300 GMT / 0800 US Eastern time: Federal Reserve Bank of Atlanta President Raphael Bostic gives welcome remarks before the Airports Council International CFO Summit hosted by the Regional Economic Information Network (REIN) of...
China air traveller numbers +44.6% y/y in January
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Bank of Japan could keep policy ultra-easy well beyond April
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US politics – House Republicans are now expecting a government shut down
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Bezos sells additional $2.3bn in Amazon stock. Has sold total of $8.4bn in past 2 weeks.
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Mainland China stock markets expected to open lower
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PBOC sets USD/ CNY mid-point today at 7.1030 (vs. estimate at 7.1877)
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