The dollar remains steady but the ranges for the day is relatively narrow for the most part. USD/JPY is down slightly though, after the close last week held below the 145.00 mark. Besides that, the changes among dollar pairs are light as we get settled into the new...
Liu Yongzhuo, Executive Director of China Evergrande New Energy Vehicle has been detained
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 warn on ‘boiling frog’ US$34 trillion debt – could easily become unsustainable
Media reports on the US' $34 trillion debt pile:JP Morgan say it could well be a "boiling frog" phenomenon for the economy, as higher deficits and ballooning debt servicing costs could easily become unsustainableWhat's this about a boiling frog? It's a metaphor (its...
Chinese equities took another pounding 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,...
ForexLive Asia-Pacific FX news wrap: Chinese stocks fall further
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,...
South Korea’s central bank meets this week – expected to hold interest rates unchanged
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,...
First of 2 key Australian CPI data points ahead of Feb. RBA meeting is out mid-week
Australia's latest monthly CPI indicator, for November 2023, is due out on Wednesday:11.30 am Sydney timewhich is 0030 GMT Wednesday and 7.30pm US Eastern time TuesdayThis is the first of the two key inflation indicators ahead of the RBA’s February Board meeting. The...
Alaska Airlines Boeing 737 MAX 9 blowout – “incident is alarming”
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,...
Earnings – Here we go again
America’s bank conglomerates – JPMorgan and Citigroup – shall deliver their Q4 2023 earnings result this Friday (12h January) before market open. S&P500 & Dow Jones U.S. Banks Index Performance. Source: SPGlobal Last year, the Dow Jones US Banks...
Japanese markets are closed today, but will reopen tomorrow after latest inflation data
We get the first CPI indications from Japan for December on Tuesday 9 January Asia time, due at 2330 GMT (Monday evening January 8)1830 US Eastern time (Monday evening)Further moderation in inflation is expected but the core (in Japan this is excluding food, the first...
Federal Reserve Bank of Atlanta President Raphael Bostic is speaking on Monday
Federal Reserve Bank of Atlanta President Raphael Bostic participates in moderated conversation on the economic outlook before the Rotary Club of Atlanta due at 1230 US Eastern time, which is 1730 GMTBostic will ve a voter on the Federal Reserve's Federal Open Market...
PBOC sets USD/ CNY reference rate for today at 7.1006 (vs. estimate at 7.1499)
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,...
Morgan Stanley bearish on the euro, prefer short EUR/JPY to short EUR/USD
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PBOC is expected to set the USD/CNY reference rate at 7.1499 – 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...
Morgan Stanley says Federal Reserve will hold rates higher for longer, but then cut deeper
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,...
Weekend oil news – Saudi Aramco said it would cut crude prices to all regions
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ICYMI – Wharton’s Jeremy Siegel says the Dow could surpass 40,000
Wharton finance professor Jeremy Siegel likes the DOW index higher, favouring the big round number just above us at 40,000:“We could definitely get it past 40,000” "A 10% to 12% rise in stock prices is not out of the question for 2024”The risk is the Fed:“If the Fed...
Reminder – markets in Japan are closed Monday 08 January 2024 for a holiday
Markets are closed in Japan for (another) public holiday today, Monday, 8 January 2024. This will shut down physical US Treasury trade, although futures markets will be open. As for FX, it's a regular day in New Zealand, Australia, Singapore and Hong Kong. MoneyMaker...
Y’all set to spend another week muttering about imminent spot bitcoin ETF approval?
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,...
Goldman Sachs says Q4 US corporate earnings will beat analyst forecasts, may again in 2024
A note from equity analysts at Goldman Sachs, bullish for 2024 on US firms' earnings.Currently their forecast is for S&P 500 companies’ earnings per share to rise 5% to $237 this year, well above the median $231-per-share forecast, but still in danger of being too...