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 7.1659 (vs. estimate at 7.1679)
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,...
Vitol says China is restarting oil demand growth
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,...
JP Morgan not expecting Trump universal 10% tariff next year, but China faces high tariffs
Trump campaigned on promises of across the board 10 to 20% tariffs on imports, but of 60% and over on those from China./ JP Morgan cite "procedural reasons" for their assessment that the chances of a 10% across-the-board tariff in 2025 are low.However, they say that...
Australian imports and exports both fell m/m in September
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 7.1679 – 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...
ICYMI – ECB Villeroy says Trump policies could lead to higher deficit, inflation in the US
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 yen intervention official closely watching market moves with high sense of urgency
Atsushi Mimura is Japan's vice finance minister for international affairs, AKA 'top currency diplomat'.Japan's finance ministry is the relevant authority in Japan for ordering intervention in the JPY. Mimura has taken over from Kanda in charge of the relevant...
Japan September wages data – real wages -0.1% y/y
Japan wages data shows that 'real' wages, ie after adjustment for inflating prices, fell in September. September Labour Cash Earnings+2.8% y/yexpected +3.0%, prior +2.8% Real Cash Earnings -0.1% y/y, falling for the second month in a rowexpected +0.1%, prior –0.8%--...
Japan survey points to over half of firms expecting to raise wages by at least 3% next FY
Reuters Japan Corporate SurveyIn brief:Over half of Japanese firms plan to raise wages by 3% or more for the next business year, according to a Reuters survey.42% of firms expect wage hikes between 3% and 5%, while 9% foresee increases of 5% to 7%.41% anticipate wage...
Y’all set for four years of volatile FX tweet/headline trading?
With Trump coming back from January 20 2025, Inauguration Day, get set for four years of headline trading. Trump's first term was characterised by policy-shift-by-tweet, often while he was (NSFW! warning) ... ummm ... using the bathroom (apparently!).This produced...
RBA Governor Bullock says too early to judge US election, tarrif implications
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,...
MUFG says GBP is less vulnerable to Trump tariffs than others
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,...
Brasil’s central bank has hiked its benchmark rate by 50bp to 11.25%, as 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,...
US Vice President Kamala Harris speaking now – 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,...
Japan looks to tighten cryptocurrency exchanges (websites) asset rules
Japan's financial watchdog looks to put legal curbs in place to prevent foreign cryptocurrency exchanges from taking domestic assets overseas.This is intended to protect traders on the 'exchanges' (LOL, they are websites)Nikkei (gated) with the report. Assets have...
Economic calendar in Asia Thursday, November 7 – Japan wages, China and Australian trade
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 – Thursday, 7 November, 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,...
Forexlive Americas FX news wrap: Huge moves as the market digests a Republican sweep
Markets:Gold down $84 to $2660US 10-year yields up 15.5 bps to 4.44%WTI crude oil flat at $71.96S&P 500 up 2.5%Russell 2000 up 5.8%Nasdaq up 2.9%USD leads, JPY lagsBig congrats to those who put on Trump trades, particularly ones that bet on a red sweep as it...
German Chancellor Scholz angles for an election before the end of March
Add some political intrigue into the mix as German Chancellor Scholz says he will call for a confidence vote on Jan 15 that would allow for election before the end of March.He also highlighted that "of all the rich democracies, we have by far the lowest debt". That's...