The China securities regulators says it encourages listed firsm to buy back more shares to inject more capital into the A-share market and make every effort to maintain stable market operations.Alibaba reports earnings tomorrow and it has a large cash pile. Many...
China sovereign wealth fund vows to further increase ETF holdings
Chinese stocks have been front-running talk of more stimulus and help. Now there are multiple reports of comments from China Central Huijin Investment and a statement saying they will increase the investment of China stock ETFs and are determined to safeguard the...
The Federal Reserve speaker parade continues on Tuesday. What to watch for
The comments from Federal Reserve Chairman Jerome Powell on 60 Minutes set the tone for the week. I don't think he said anything new but there was plenty of talking... and there is plenty more to come.I strongly suspect the Fed could live with its current messaging...
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Australia Q4 retail sales +0.3% vs +0.1% expected
Australia retail tradePrior was +0.2% (revised to -0.1%)Change compared to a year earlier -1.0%, seasonally adjustedThis is the strongest quarterly growth since Q3 2022 but it comes largely thanks to a downward revision to Q2.Ben Dorber, ABS head of retail statistics,...
China on the brink: A look at the long-term Chinese stock market charts
China's CSI 1000 index grabbed some rare attention yesterday as it briefly plunged 8.7%. It's a rarely-talked-about index that's largely driven by derivatives on small stocks so I wouldn't take it as an indicator of a crash.That said, it is certainly indicative of the...
UK BRC January retail sales +1.4% y/y vs +1.9% prior
Prior was +1.9%Consumer spending +3.1% y/yConsumer confidence about personal finances at highest since Nov 2021The UK retail sales data from the British Retail Consortium (BRC) provides insight into the performance of the retail sector in the United Kingdom. These...
Japan chief gov’t economist: If wage growth exceeds last year, we’ll probably see cycle
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,...
Japan December household spending -2.5% vs -2.1% expected
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,...
A head-and-shoulders forms in AUD/USD after five straight weeks of losses
AUDUSD dailyThe RBA decision is about five hours away and Australian dollar bulls could certainly use a lifeline. Unfortunately, I don't see many paths today that. No change in the 4.35% cash target is coming today and I can't imagine some kind of shift back to rate...
Trade ideas thread: Can the kangaroo fight off the panda?
It's RBA so eyes are on the Australian dollar as it traded to the lowest since November 17 today.A fair bit of that is US dollar outperformance but the Aussie is also lower this year against the euro and Canadian dollar, while only eeking out a tiny gain against the...
Forexlive Americas FX news wrap 5 Feb: Strong non-manufacturing PMI sends yields/dollar up
The USD was the strongest of the major currencies coming into the US trading session and continued its run to the upside in the session. It is ending the day as the strongest. The GBP is the weakest. The strongest to the weakest of the major currenciesFundamentally,...
Coming up in Asia Pacific trading: It’s RBA day, Japan household spending too
RBAIt's RBA day. The decision will come at 2230 ET (2:30 pm Sydney time) and no change from the 4.35% cash rate is expected now or for awhile.Before that, we will have some notable data with Japanese December household spending out at 1830 ET (830 am in Tokyo) and...
US stocks close lower. Declines led by the Dow 30
The major US stock indices are all closing lower after the Dow and S&P closed at record levels on Friday.The Dow losses are led by McDonald's and 3M declines of -3.65% and 2.25% respectively. Higher yields was a catalyst for the declines. The US 2-year yield is up...
NZDUSD breaks and stays below 100 day MA and a key swing area. What next?
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,...
EURGBP buyers are mking a play to the upside with a break above the 100 bar MA on 4H chart
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 banks in Q4 reported tighter lending standards to households
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,...
Atlanta Fed Pres. Bostic: Wage growth is settling back into more normal patterns
Fed officials are out of the quiet period after last week's rate decision. Fed's Goolsbee is not shy to weigh is ASAP (he was chatting on Friday). Fed Chair Powell went on 60 minutes over the weekend. Fed's Mester, Barkin and Kugler are all scheduled to speak this...
US yields come off the burner….
US 10 year yield is above 200 day MAThe US yields are coming off the boil that had the 10 year get within 2 basis points of the 2024 high yield of 4.196%. The high yield today reached 4.177% and is currently at 4.147%. Although off the boil, the 10 year yield did move...
UKs King Charles has been diagnoses with cancer
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,...