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,...
Weak consumption data from Japan – is it enough to hold Bank of Japan action until April?
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,...
Barrick Gold: Would It Benefit From A Gold Rally?
Gold has closed bullish for three consecutive weeks, leaving an ATH at $2195. As of last week, the yellow metal achieved gains over 4.7%. Increased geopolitical tensions, weak US economic data, increased gold holdings by the central banks, fears over bank run,...
No Fed speakers scheduled today, or the next two weeks! The Blackout period has begun
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,...
JPY is gaining more ground follow the weekend news
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 7.0969 (vs. estimate at 7.1869)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.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 restrictions on its trading...
China Ambassador to Australia says review into tariffs on Australian wine progressing well
China's review of tariffs it placed on Australian wine is progressing well, Chinese Ambassador Xiao Qian told a conference in Sydney.the background to this is that China slapped Australian products with tariffs in retailation for US moves against China back during the...
Does Elon Musk hate gold up here?
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 7.1869 – 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...
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Trading CME futures? Don’t forget the roll this week.
Just a simple reminder folks that if you are trading emini US equity futures on the CME the March contract expires this week. Rollover date is officially today, 11 March.There is a lot going on so you may (probably not) have been distracted.If you are new to all this,...
Japan (final) Q4 GDP +0.1% q/q (preliminary was -0.4%)
The final reading has been substantially revised to show Japan was not in recession:Q4 2023 GDP now +0.1% q/qpreliminary was -0.4%, prior -0.7%Annualised 0.4% (prelim -0.4%)Private consumption revised to -0.3% (prelim was -0.2%), down for the third straight...
Support for Japan’s PM Kishida has collapsed to 1% in latest opinion poll
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,...
Weekend report – Bank of Japan is considering scrapping its yield curve control program
Bloomberg conveyed the report, originally in Japan's JiJi media outlet:The Bank of Japan is considering scrapping its yield curve control program and instead indicating in advance the amount of government bonds it plans to purchase, Jiji Press reported, without saying...
Australia to abolish almost 500 tariffs from 1 July 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,...
ICYMI – China’s CPI rose last month for the first time since August 2023
Data from China over the weekend showed an exit from deflation:Last week we also had better trade data from China:Great trade data AND then an exit from deflation all in one week. Which, as it happens, coincides with China's annual parliament:China's National People's...
The week ahead in Australia and New Zealand – RBA and economic data events
For a scan over whats ahead globally:For Australia and New Zealand, see below:Coming up from the Reserve Bank of Australia:12 March 2024, 9.30 am Sydney time (2215 GMT, 1815 US Eastern time)Panel Participation by Sarah Hunter, Assistant Governor (Economics) at the AFR...
ICYMI from the US: Tech stocks see biggest weekly outflow on record
Bank of America said on Friday, citing data from EPFR, say that tech stocks saw $4.4 billion of outflows in the latest week, their "largest outflow ever" and the first outflow in nine weeks$32 billion of flows into cash$13.3 billion into investment grade bonds, the...
Economic calendar in Asia 11 March 2024 – final GDP from Japan
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 – Monday, 11 March, 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,...