Mainland China markets are closed today. PBoC sets USD/CNY mid-point at 7.1036expected 7.1996 (Reuters model estimatee)USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no...
Goldman Sachs on the US CPI data (revisions) due Friday
This summary is via the folks at eFX. For bank trade ideas, check out eFX Plus. Synopsis: Goldman Sachs outlines its expectations for the upcoming U.S. Consumer Price Index (CPI) revisions by the Bureau of Labor Statistics (BLS), focusing on the recalculated seasonal...
US President Biden statements on political and personal matters, not market related
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,...
Senior Japan official tries to water down BOJ’s Uchida’s comments yesterday
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,...
Heads up for US President Biden to speak at 7.45pm US Eastern time
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,...
RBA Bullock: If consumption slows quicker than expected will be opportunity to cut rates
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,...
ANZ are expecting the RBNZ to hike its cash rate in February and in April, to 6%
The Reserve Bank of New Zealand next meet on 28 February, and then on 10 April.ANZ cite:We now expect the RBNZ to hike the OCR 25bp in Feb and April, taking it to 6%. No one piece of data is to blame but a series of small, unwelcome surprises. We just don’t think the...
Japan finance minister Suzuki says closely watching FX rate moves
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,...
No rate cut expected from the People’s Bank of China in February
Chinese markets are closed today and all of next week for the long Lunar New Year holidays. Reuters report that the Medium-term Lending Facility (MLF) rate-setting, which normally occurs on the 15th each month, will take place on February 18 this month. February 18...
JPY traders – heads up for Bank of Japan Governor Ueda to speak from 10am Tokyo time
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,...
RBA Bullock: Recent inflation developments are encouraging, some way to go to meet target
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,...
Reserve Bank of Australia Governor Bullock speaks very soon – live link
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 Securities looks for S&P 500 to as high as 5500 , says its not about the Fed
Chief U.S. equity and global strategist at Deutsche Bank Securities, Binky Chadha, sees the S&P 500 at 5,000 as a way station towards 5,500 (bull case) or 5,100 (base case)earnings growth, not Fed interest rates, will drive the S&P 500 “Our call is based on...
Goldman Sachs report on the struggling Australian dollar amid rising global equities
Goldman Sachs on the Australia dollar, in a report titled "AUD: Working hard, hardly working". GS analysts say it should be a lot higher than it is.GS says AUD is (or least has long been) a 'high beta" currency, that is its tends to rise with 'risk', such as global...
Forexlive Americas FX news wrap: Early USD gains erased, SPX touches 5000
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,...
Economic calendar in Asia is almost empty. Reserve Bank Australia Governor Bullock speaks
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,...
Trade ideas thread – Friday, 9 February, insightful charts, technical analysis, ideas
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,...
Oil posts its best day since November as seasonal tailwinds begin to blow
Oil dailyWTI crude oil is up $2.58 to $76.44 today in its best day since November.Oil was hit hard last week on reports of a Hamas-Israel ceasefire but those reports proved to be wrong and oil has been slow to recover. Israel's president said the war will take...
Bitcoin climbs to $45,500 in a return to pre-ETF levels
bitcoin dailyThe bitcoin ETF launch has been a disappointment but hope spring eternal in the crypto space and the halvening is keeping bulls in the game. Around the end of April, the number of bitcoin mined daily will halve and bulls expect that to cause a supply...
Canada could be headed to an election as soon as next month
If you've seen any Canadian polls lately, you know that time is running out for Justin Trudeau and his Liberal Party in Canada. They're currently trailing the Conservative Party by a margin of around 40%-26% with support steadily eroding.Fixed election date laws mean...