The bond market is still the key spot to watch at the moment and with Treasuries out for the day, we have to wait until tomorrow to get a better sense of the recent moves at the end of last week. The sizzling bid at the front end is the main talking point and we'll...
Gold looks to get back on track in January trading
The US PPI data on Friday certainly sparked some notable moves in markets, with the standout being in the front end of the curve in Treasuries. At the same time though, that sparked a revival in gold that has seen a major technical turnaround as well:Gold (XAU/USD)...
ForexLive Asia-Pacific FX news wrap: Subdued ranges heading into the US market holiday
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Barclays slashed their Brent Crude oil price forecast by $8 a barrel
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,...
WSJ survey of economists indicates that the probability of a US recession is down sharply
The latest Wall Street Journal (gated) survey of economists lowered the probability of a recession within the next year to 39% from 48% in the October surveyReasoning cited included: interest rates are trending lowergas prices are down from last yearincomes are...
Household spending in Australia, December, -3.1% m/m (prior +1.8%)
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Reports Qatar appears to have stopped sending LNG tankers through Bab el-Mandeb Strait
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JP Morgan’s CEO Dimon warns inflation may be stickier, rates higher, than markets expect
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Oil – Houthis fired an anti-ship cruise missile at a US Navy ship
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Mr. JGB: Japan’s stable inflation target achievable in 2024, but not in the way BOJ thinks
Mr JGB, Michio Saito, says thats its possible the Bank of Japan will achieve its stable inflation target this year, but not exactly in the way the central bank envisages: “Rather than strong demand pulling up wages and prices through a virtuous cycle, the chronic...
People’s Bank of China left its MLF rate unchanged – recap
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Schumer says US congressional leaders have agree to a stopgap funding measure
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People’s Bank of China set MLF rate at 2.5% (prior 2.5%)
The PBoC has kept the 1-year MLF interest rate unchanged at 2.5%injects cash via MLF for the 14th month in a rowadds net CNY 216bnThis is a disappointment from the PBoC, the expectation was a cut to 2.4%:The Medium-term Lending Facility (MLF) was last cut in August...
Japan’s 2 year yield has dropped back under zero, first time since July 2023
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PBOC sets USD/ CNY reference rate for today at 7.1084 (vs. estimate at 7.1684)
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Australian private survey of inflation soared by 1% m/m in December, the most in 17 months
Australia's privately surveyed monthly inflation gauge comes from the Melbourne Institute of Applied Economic & Social Research at the University of Melbourne:Headline inflation jumped 1% m/m in December, from 0.3% in November This is the biggest leap higher in 17...
Taiwan’s Presidential election: Pro-sovereignty DPP’s William Lai wins
Taiwan's Presidential election was held over the weekend. William Lai, of the pro-sovereignty Democratic Progressive Party (DPP) has been elected President. The party has governed Taiwan for the past eight years. This will be its third consecutive presidential...
PBOC is expected to set the USD/CNY reference rate at 7.1684 – 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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People’s Bank of China interest rate cut expected today
The interest rate on the MLF loans currently stands at 2.5%. It was last cut in August 2023, from 2.65%.Market expectations:the consensus estimate in the Bloomberg survey of analysts is that the People's Bank of China (PBOC) will cut 10bp off the MLF rate...