Prior +1.3%; revised to +1.2%The average house price in the UK rises to £291,699 as prices rose for a fifth month running in February. Halifax notes that:"The average price tag of a home is now only around £1,800 off the peak seen in June 2022. While it is encouraging...
Germany January industrial orders -11.3% vs -6.0% m/m expected
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Switzerland February seasonally adjusted unemployment rate 2.2% vs 2.2% expected
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Japan’s Rengō says average wage demands topped 5% for the first time since 1994
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FX option expiries for 7 March 10am New York cut
There are a couple of large ones on the board but none of which should have much of any impact on price action for dollar pairs today. Considering the softer greenback, the expiries are seen quite a distance away going into European trading. As such, they aren't...
ECB the main highlight of the agenda today
The Japanese yen is the lead gainer today amid more hawkish BOJ murmurs but also as the FX market finally responds to the happenings elsewhere. USD/JPY is down 0.5% to 148.60 currently, also in part due to the drop lower in bond yields this week. 10-year Treasury...
BOJ’s Nakagawa says will assess, discuss what to do with various tools at policy meeting
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BOJ’s Ueda: Possible to exit stimulus measures while striving to achieve 2% price target
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Japan finance minister says excessive FX volatility can hurt the economy
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BOJ’s Nakagawa: Prospects of sustainably achieving 2% price target gradually heightening
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The FX market finally got the message
It all started with equities last month, as Nvidia sent stocks into overdrive. Then, we saw the likes of gold and Bitcoin soar to fresh record highs. And earlier this week, we got a break lower in Treasury yields as the bond market reacted as well. Now, we're finally...
ForexLive Asia-Pacific FX news wrap: Yen adds further solid gains
The yen followed on from its gains on Wednesday by adding to them here today. USD/JPY is under 148.50 as I post and yen crosses are lower pretty much across the board.USD/JPY dropped under 149.00 after wages data in Japan for January. The data showed good nominal wage...
MUFJ expect the Bank of Japan to end negative rates at its March meeting
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China’s iron ore imports in January – February jumped up 8.1% y/y
China's iron ore imports in the first two months of 2024 rose solidly, with pre-holiday restocking, higher shipments cited. China imported 209.45 million metric tons over the two-month perioda monthly average of 104.73 million tonscompared with a monthly average of...
Heads up for more speeches from RBNZ Governor Orr and Chief Economist Conway
RBNZ Governor Adrian Orr and Chief Economist Paul Conway will continue their speaking engagements next week.The RBNZ advise:While Governor Adrian Orr is in Europe attending meetings, he will also speak about the February Monetary Policy Statement (MPS) to clients of...
China trade data: January- February yuan denominated exports +10.3% y/y
February trade data from China is skewed by the New Year break. YTD figures, i.e. for January and February combined, are a better guide given the moveable holiday period each year.USD denominated numbers for the January - February months:Imports +3.5% (expected...
Heads up for US President Biden to speak Thursday evening – inflation will feature
Inflation will be a hot topic of Biden's speech to the nation on Thursday evening US time. White House press secretary Karine Jean-Pierre spoke with media on Tuesday:“The president will make clear in the State of the Union that he will continue fighting to lower costs...
Federal Reserve Chair Powell speaks again on Thursday. Mester is on deck also.
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Japan’s largest industrial union says wage hikes won are bigger than last year
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USD/JPY extedning lower on rumours and Nakagawa comments
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