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,...
More Federal Reserve speakers on the agenda for Monday, 5 February 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,...
New quality glitch to delay some Boeing 737 MAX deliveries – mis-drilled holes
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 Central Command said forces conducted strikes on four Houthi cruise missiles
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 Caixin Services PMI for January 52.7 (prior 52.9)
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 cuts RRR by 50bp from 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,...
Here’s the full 60 Minutes transcript of the interveiw with Federal Reserve Chair Powell
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 7.1070 (vs. estimate at 7.2088)
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 is bid right across the board in Asia – DXY hitting an eight week high
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 January Services PMI 53.1 (prior 51.5)
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,...
Australian data – January imports and exports both higher than 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,...
PBOC is expected to set the USD/CNY reference rate at 7.2088 – 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...
Australia: Melbourne Institute January headline inflation gauge +0.3% m/m (prior +1.0%)
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 head Powell: A March Federal Open Market Committee (FOMC) rate cut is unlikely
Federal Reserve Chair Powell: With economy strong, we feel we can approach rate cut timing question carefullyConfidence is rising, but want more confidence before taking 'very important step' of starting rate cutsMaking good progress on inflationCould move sooner if...
Weekend – China pledged to stabilise markets but policymakers offered no specifics
The headline has been used a bazillion times in the this plunge for Chinese stocks. Stocks were slammed to a new low (for this cycle, and for 5 years) for the Shanghai Composite on Friday. CSI300, ditto, this index has hit a record sixth straight month of lossesOver...
Governor declares state of emergency in Southern California counties due to storm
Its not every day a state of emergency is declared in California. A state of emergency was issued Sunday by Governor Gavin Newsom's office for Southern California counties in the path of a powerful storm. "This is a serious storm with dangerous and potentially...
Heads up for Federal Reserve Chair Powell speaking soon, during the Asian day session
I've posted alerts on Fed Chair Powell to speak today back on Thursday and over the weekend. But, if you've managed to dodge the news, repeating what I posted earlier: Powell recorded an interview on Thursday with US TV show 60 minutes. He was questioned on inflation...
Morgan Stanley expects US equity prices to become choppy, citing ‘late-cycle environment’
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,...
Australia January Services PMI 49.1 (prior 47.1)
Final S&P Global / Judo Bank Services PMI for January 2024 is 49.1(prior 47.1)Composite 49.0prior 46.9We had the manufacturing PMI last week:Preliminary readings for the three are here.Commentary from the report on employment and inflation:“Resilience in labour...
Trump once again confirmed he would impose 60% tariffs on Chinese imports, or higher
If you have your eye on a nice new laptop or whatever, keep an eye on Trump's threats to jack prices higher. Trump has already said he's place a 60% tariff on imports from China:Over the weekend he spoke in an interview, on Fox’s “Sunday Morning Futures.”confirmed he...