There's no shortage of drama in markets to start the new year, this time with Bitcoin grabbing all the attention yesterday. For a brief moment, there was jubilation as the SEC tweeted out that Bitcoin ETFs have been approved. But as it turns out, their account was...
ForexLive Asia-Pacific FX news wrap: Yen slides (Bitcoin too)
Twiitter confirms @SECGov was compromised, did not have two-factor authentication enabledJP Morgan warns that Red Sea terrorist attacks driving up shipping costs, inflationRussian crude oil exports in the first week of 2024 down by 500,000 bpdChinese equities getting...
Twiitter confirms @SECGov was compromised, did not have two-factor authentication enabled
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,...
JP Morgan warns that Red Sea terrorist attacks driving up shipping costs, inflation
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,...
Russian crude oil exports in the first week of 2024 down by 500,000 bpd
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,...
Chinese equities getting hammered again today
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,...
AUD/USD tracking a little higher despite a beat for CPI data
The data is here from earlier today:There are plenty of caveats about the monthly CPI numbers from Australia, I won't go over them again, they are in that linked post. But, after all the back and forth the impact of the data is, at the margin, to lower the prospect of...
Bank of England Governor Bailey, other senior officials called before parliament Wednesday
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,...
ECB vice President Luis de Guindos is speaking on Wednesday
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 mid-point today at 7.1055 (vs. estimate at 7.1618)
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,...
Houthi militias launch biggest attack to date on merchant vessels in Red Sea
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,...
Senior People’s Bank of China official hints at further easing to come
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,...
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Australian November CPI 4.3% y/y (expected 4.4%)
Australian inflation data. This is the monthly data, not the official quarterly data. Comes in at 4.3% y/yexpected 4.4%, prior 4.9%m/m is +0.4%Trimmed mean comes in at 4.6%prior 5.3%The monthly CPI data from Australia does not show all components of the CPI, that'll...
New Zealand export prices rise, global shipping costs jump
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 7.1618 – 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...
Peru declares emergency on northern border with Ecuador
Unrest in Ecuador was sparked by the escape of a notorious gang boss known as Fito from prison. Riots at prisons followed, and it mushroomed into more widely spread violence across the country, perpetrated by cartel-like criminal gangs. The headlines were captured on...
Twitter is investigating the hack of the US SEC account that led to Bitcoin turmoil
The Securities and Exchange Commission says this tweet was result of a 'compromise' of its account:Chair of the SEC Gary Gensler tweeted out moments after that it was a hack:Law enforcement is on the case, the SEC says it wasn't an inadvertent staff tweet and sticking...
Japan November wages data shows another deep fall
While nominal cash wages rose 0.2% y/y the real wage data is awful, down 3.0% y/ymore to comeLabour Cash Earnings +0.2% y/yexpected +1.5%, prior +1.5%Overtime Pay + 0.9% y/yprior -0.1%Inflation adjusted, i.e. real, wages -3.0% y/y***The Bank of Japan have repeatedly...
Gold Price and USD/JPY Forecast: US Inflation Outcome to Drive Market Direction
USD/JPY & GOLD PRICE OUTLOOKGold prices and the Japanese yen have performed poorly in recent days after a strong run in the last few weeks of 2023Near-term direction for both assets will likely depend on U.S. inflation data due for release on ThursdayThis article...