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,...
People’s Bank of China cuts RRR by 50bp
People's Bank of China trims the required minimum capital banks much hold in reserve.The PBOC announced they'd be doping this earlier in the week. They'ce come through today. RRR cut by 50bp. ---The Reserve Requirement Ratio (RRR) is a central bank regulation that...
A tornado warning has been issued for parts of Florida and Georgia until 6 AM EDT
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,...
USD/JPY sitting around its recent high circa 145.05 after the Tokyo inflation 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,...
Tokyo area September inflation data: Headline 2.2% y/y (expected 2.2%)
Headline CPI 2.2% y/y, in line with expectations but down from Augustexpected 2.2%, prior 2.6%Core 2.0% y/y, and ditto, in line with expectations but down from Augustexpected 2.0%, prior 2.4%this is ex foodCore-core 1.6% y/y, in line with expectations and an unchanged...
Base case forecast for RBA to cut on November 5 – a close call, very much data dependent
United Overseas Bank (UOB) in Singapore are maintaining a 'base case' forecast for the Reserve Bank of Australia to cut its cash rate by 25bp at its next meeting, on November 5. OUB say the cut is a "close call' and "very much dependent on upcoming data releases"...
More from Fed’s Cook: AI could be inflationary in short term, disinflationary in long tern
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 weather – Helene is now an “extremely dangerous category 4 hurricane”
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 predicts consecutive 25bp rate cuts by ECB starting in December
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,...
New Zealand consumer confidence improved to 95.1 in September (prior 92.2)
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,...
Fed’s Cook says she ‘wholeheartedly’ supported 50bp rate cut
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 raises GBP forecasts, predicts stronger sterling 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,...
The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
The Swiss National Bank (SNB), which initiated the global trend of monetary easing in March, made its third rate cut on Thursday, lowering its policy rate by 25 basis points to 1%. Switzerland has largely sidestepped the inflation surge seen in much of the developed...
ICYMI – More China stimulus, this time its likely to have immediate impact
State TV in China reported that Ministry of Finance and Ministry of Civil Affairs will issue living subsidies to disadvantaged groups before the National Day holiday next week.local authorities should ensure the funds reach their target recipients before October 1...
Should we expect oil to return to $100 per barrel?
Since July of this year, the oil market has struggled to regain momentum. It has even reached a point where the price of WTI crude oil fell below $68, a level we have not seen since March 2023. Meanwhile, the S&P 500, Dow Jones, and XAUUSD have all experienced a...
Forexlive Americas FX news wrap: US dollar fades as China trades jump
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 Federal Reserve Governor Cook speaking during Asia time
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ICYMI – Global central banks are unprepared to handle an AI-driven banking crisis
Here's something else to worry about. A speaker at the S&P Global Ratings European Financial Institutions Conference 2024 in London said "Central banks are not ready to deal with an AI-driven crisis in the banking industry".The comment is from Jon Danielsson,...
Another record high for the S&P
The S&P index is closing at another record high. The index is up 23.11 points or 0.40% at 5745.37. The new intraday all-time high comes in at 5767.37.The Dow industrial average also rose 5 260.36 points or 0.62% at 42175.11, and the NASDAQ index gained 108.09...
Economic calendar in Asia Friday, September 27 – Japan inflation indicator (Tokyo CPI)
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