It will be Presidents' Day in the US and domestic markets are closed, making for a long weekend. In turn, that is likely to translate to a more a lackadaisical mood for other regions as well. So far, it's been quiet in Asia and that is almost certainly going to carry...
ForexLive Asia-Pacific FX news wrap: Subdued FX moves ahead of US holiday Monday
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Despite the PBoC keeping MLF rate unchanged, talks of a Loan Prime Rate (LPR) cut persist
Over the weekend we had the latest policy (un)move from ChinaThe PBoC is very concerned that further rate cuts will lead to a run on the currency. And so the MLF was left unchanged. This is usually a good indication that the Loan Prime Rate (LPR) setting for the month...
NZD traders heads up – RBNZ advisory of Governor Orr speech after the next policy meeting
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AUD traders heads up – RBA February meeting minutes are due tomorrow
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Ship attacked in Red Sea by Houthi terrorists has been abandoned by the crew
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China’s trade-weighted yuan rises to its highest level since October 30, 2023
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People’s Bank of China sets yuan reference rate at 7.1032 (vs. estimate at 7.1970)
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US markets are closed on Monday, February 19 in observance of Presidents Day.
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 is expected to set the USD/CNY reference rate at 7.1970 – Reuters estimate
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UK property prices show first annual rise in 6 months according to Rightmove data
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Japan data – December core machinery orders +2.7% m/m (expected 2.5%)
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,...
BNZ change their RBNZ rate cut forecast to November, from August previously
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Goldman Sachs raised their year-end S&P 500 index target to 5200 from 5100
ICYMI, this via a Goldman Sachs note on Friday, equity strategists at the firm bumped up their year-end S&P 500 index target to 5200 from 5100.GS raised profit estimates (and thus the target) by 8% to USD241 (2024 EPS)"The nearly-completed 4Q earnings season...
China Premier Li says policy should be consistent and stable
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Japan’s Finance Minister hints at future interest rate increase, remains vague on timeline
Japanese Finance Minister Shunichi Suzuki had an interview with Japan's media, Nikkei, over the weekend:“The Bank of Japan holds jurisdiction over monetary policy. But there will be a phase when interest rates go up”He didn't give a time frame so this is not a really...
Westpac sees scope for easier Reserve Bank of Australia monetary policy within next year
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ICYMI, ex-fed Bullard says Federal Reserve should cut rates in March – pre-emptive move
James Bullard is the former St. Louis Federal Reserve branch president. He spoke on Friday at the National Association for Business Economics (NABE) conference. The comments were reported by Nick Timiraos of the Wall Street Journal. Timiraos has a reputation for...
New Zealand data – January Services PMI 52.1 vs. prior 48.8
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