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,...
Barclays now sees the ECB delivering first 25 bps rate cut in April next year
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,...
ForexLive Asia-Pacific FX news wrap: Chinese yuan gains – strong setting, mixed data
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,...
Goldman Sachs is forecasting an initial rate cut from the Bank of England in June 2024
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,...
Deutsche Bank on Powell’s “breaking out the punchbowl early”
Deutsche Bank response to the FOMC/Dots/Powell presser on Wednesday is a note titled: “December FOMC: Powell breaks out punchbowl early at the holiday party.”Says the new developments don't impact their base case for rate cuts next year:Powell’s dovish tone Wednesday...
BOJ meet next week – no change to policy expected, but could come as soon as January
Via the latest Reuters poll on the Bank of Japan outlook, main points:BoJ will begin to unwind ultra-loose monetary policy in January, 21% of economists say. BoJ will end negative interest rates in 2024, 84% of economists say in their end-quarter forecast; from 71% in...
ICYMI – US regulator (SEC) will take a “new look” at spot bitcoin ETF applications
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,...
Reports that China is likely to set 2024 growth target at around 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,...
China’s economic recovery: NBS anticipates meeting full-year targets
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,...
Westpac NZ forecasts no rate hikes, or cuts, from the RBNZ in 2024
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,...
Ex-Fed Dallas head Kaplan says not to overreact to Powell – rate hike options left open
Former Dallas Federal Reserve President Robert Kaplanspoke in an interview with US media, CNBC, on Thursday. Kaplan spoke about Powell's less-than-hawkish press conference:“This was a conversation destined to happen. He had to preview it at some time, and chose...
China November industrial output +6.6% y/y (exp +5.6%) Retail Sales +10.1% (exp +12.5%)
China's economic 'activity' data for November 2023China's industrial output +6.6% y/y in November year-on-year, better than in October and ahead of the central estimate of +5.6%Retail sales was a miss, up at + 10.1% in November, with a +12.5% the median estimate, but...
China November new home prices -0.3% m/m (prior also -0.3%)
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 reference rate for today at 7. 0957 (vs. estimate at 7.1132)
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 is speaking to US-China forum – live link
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Japan preliminary manufacturing PMI for December falls to 47.7 (prior 48.3)
Japan Jibun Bank / S&P Global PMIs for December, the flash readings:Manufacturing 47.7, contraction for the seventh straight month and at its lowest in 10 monthsprior 48.3Services 52.0, on the other hand, best reading in 3 monthsprior 50.8Composite 50.4 prior...
PBOC is expected to set the USD/CNY reference rate at 7.1132 – 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...
People’s Bank of China to boost liquidity with Medium-term Lending (MLF) injection today
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,...
UK Data – December consumer confidence rises to -22 from -24 in November
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BlackRock expects Fed rate cuts in spring-summer, bank analysts predict multiple easings
BlackRock's investment arm is quite vague on when the expect the first, and subsequent, rate cuts coming from the Federal Reserve's Federal Open Market Committee (FOMC), saying only "around the end of the spring into the summer".Bank analysts have been more...