BOJ governor Ueda's remarks were a driving factor for price action on Tuesday but the rest of it has been dictated by movements in the bond market. And that hasn't been too helpful for USD/JPY direction this week. Treasury yields have also chopped around and the...
EUR/USD bounce yesterday not anything significant, eyes the ECB later today
The dollar managed to pare a chunk of its losses late yesterday in US trading and that is seeing EUR/USD keep below 1.0900 still despite the bounce yesterday. The pair is trading little changed today as all eyes turn towards the ECB policy decision later. Here's the...
ForexLive Asia-Pacific FX news wrap: Chinese equities recover further
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GDP & Durable good orders expected from the US Thursday, 25 January 2024 – ranges to watch
It's a big session ahead for data from the US with Jobless claims, Q4 GDP , Durable goods and more. Data kicks off at 8.30am US Eastern time. For GDP y/y the consensus is for 2.0% growth with the range of expectations spanning 0.8 to 2.8%Durable good consensus is...
Deutsche Bank sees a potential 10% fall for the US stock market
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PBOC releases 6 measures to support Hong Kong’s role as a financial hub
China with sopport for Hong Kong and Hong Kong marekts: If you can't see the screenshot:China's 6 policies to support Hong Kong's role as a financial hub: 1) Expanding the transborder investment channel called Bond Connect between Hong Kong and the mainland's...
Japan’s Kanda says important for forex rates to move stably reflecting fundamentals
"Japan's top currency diplomat" Masato Kanda Strong market interest in US rate cut timing, BOJ policy outlook, both of which could be used by speculators as excuse for volatile market movesAlways communicating closely with financial authorities including BOJ,...
Westpac on Australian tax cuts impact on RBA policy – “already factored into the outlook”
Chief Economist at Westpac, was up until recently a senior official at the Reserve Bank of Australia, Assistant Governor (Economic).Ellis made available a detailed piece on the Australian government's tax cuts coming on July 1. It's a detailed article, thankfully...
China mainland and Hong Kong equites higher in opening trade
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Australian PM Albanese says tax cuts have no implications for RBA inflation forecasts
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European Central Bank expected to leave monetary policy on hold at today’s meeting
Société Générale:As usual, the January meeting is unlikely to deliver any policy changes or major policy messages, involving instead a reflection on the year ahead. In light of our slightly weaker inflation forecasts, we have moved our first rate cut to September, but...
Chinese financial media says PBoC may cut the MLF rate this quarter
China Securities Daily with an article today following the People's Bank of China's RRR cut yesterday:Says the Bank may cut the Medium-term Lending Facility (MLF) rate during Q1.Yesterday People's Bank of China Governor Pan announced the Bank will cut RRR by 50bps...
PBOC sets USD/ CNY central rate at 7.1044 (vs. estimate at 7.1620)
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RBA Bulletin – price growth to remain above inflation target range of 2–3 per cent
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JP Morgan remains positive on the Australian dollar: cite RBA, tax cuts
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PBOC is expected to set the USD/CNY reference rate at 7.1620 – 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...
Federal Reserve has ramped up its interest rate on emergency loans
Federal Reserve: Announces its bank term funding program will cease making new loans as scheduled on March 11Adjusts interest rate on new BTFP loans to be no lower than interest rate on reserve balances on day loan was madeNew rate on BTFP loans effectively increases...
Singapore central bank to hold off on easing as inflation persists
Singapore's central bank, the Monetary Authority of Singapore, meets on January 29:widely expected to leave its monetary policy unchanged this month and hold off from easing its settings until it sees more evidence that inflation is falling consistentlyAll 13 analysts...
South Korea Q4 GDP +0.6% q/q (vs. +0.5% expected) and +2.2% y/y (expected +2.1%)
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