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,...
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
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,...
Schumer says US congressional leaders have agree to a stopgap funding measure
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,...
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
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 7.1084 (vs. estimate at 7.1684)
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 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...
UBS targets higher for the S&P 500, sees strong earnings, strong economy
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,...
Six arrested in plot to shut down the London Stock Exchange
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,...
Barclays moved its forecast for the first Federal Reserve rate cut to March (from June)
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Weekend: ECB chief economist Philip Lane nominates June ‘key data’ for rate cuts
European Central Bank chief economist Philip Lane spoke in an interview with Italian daily Il Corriere della Sera, the interview was published on Saturday.Lane discussed key wages data not becoming available until June (the ECB meet on the 6th that month)"By our June...
Weekend: Ex-PBoC official says China’s property downturn may continue for two more years
Sheng Songcheng is a former director of the People’s Bank of China’s statistics and analysis department. He was speaking at a forum in Shanghai on Saturday.Said that the property downturn in China is likely to persist for two more years. It will begin to regain...
Economic calendar in Asia 15 January 2024 – a light one
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, 15 January, 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,...
Monday morning open levels – indicative forex prices – 15 January 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,...