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IMF upgrades China’s 2023, 2024 GDP growth forecasts
The International Monetary Fund on Tuesday upgraded its 2023 gross domestic product growth forecast for China to 5.4% from 5%, citing a "strong" post-COVID-19 recovery, but said the fund still expected the Chinese economy to slow next year.FULL STORYThe upward...
German Industrial Production (MoM) (Sep) Actual: -1.4% Expected: -0.1% Previous: -0.2%
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,...
United Kingdom Halifax House Price Index (YoY) (Oct) $GBP Actual: -3.2% Previous: -4.5%
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,...
GBPUSD Technical Analysis – The bias has turned more bullish
USThe Fed left interest rates unchanged as expected with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The recent US Core PCE came in line with...
The @Newsquawk Europe Market Open: RBA hike 25bp. Israel is open to “short pauses” in Gaza
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,...
FX option expiries for Tuesday, 7 November 2023 at the 10 am New York cut
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,...
HSBC CEO says wealth flow from mainland China to Hong Kong up 3 to 4 times this year
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: RBA raises its cash rate to the highest in 12 years
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Federal Reserve speakers Tuesday include Waller, Williams, Barr, Logan and Schmid
The times below re in the format GMT / US Eastern time:1415 / 0915 Federal Reserve Vice Chair for Supervision Michael Barr participates in "Financial Technology" discussion before a 7th Annual D.C. Fintech Week event1450 / 0950 Federal Reserve Bank of Kansas City...
RBA forward guidance (assuming they have much of a clue what’s ahead)
Comparing the final paragraph of the Governor's statement, which is where plans for the future tend to appear (forward guidance ... FWIW!)I'm not reading too much into the differences ... probably the first few words are the key, from "some further tightening" to...
AUD/USD is a little lower after the RBA raised its cash rate, a widely expected decision
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,...
Australia – RBA announce a +25bp interest rate hike, as widely expected
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China October exports -6.4% y/y (expected -3.3%) & imports +3% y/y (expected -4.8%)
The big beat for imports is a positive for China proxy trades such as AUD. It argues the economy is showing better signs of improvement and thus sucking in imported goods.Exports disappointing does take some of the gloss off, there is still a ways to go for quicker...
Australian Treasurer Chalmers to speak on the RBA interest rate decision right after
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Citigroup says its not pulling out of China
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Deutsche Bank CEO concerned about capital markets, Goldman Sachs CEO more optimistic
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,...
Japan expresses concern over sanctions on Russian LNG project
Japan has very limited energy resources itself and is thus a huge net importer. Japan's Industry Minister Nishimura seems to be resinged to coping with the hand he has been dealt: Certain degree of impact to LNG businesses unavoidable, when asked about US sanctions...
ECB speakers on Tuesday, 7 November 2023 include Buba President Nagel
The times listed below are in GMT / US Eastern time:0815 / 0315 Fireside chat between ECB Board member Luis de Guindos and Héctor Flórez, President of Deloitte, at "30 Encuentro del Sector Financiero" organised by Deloitte and ABC in Madrid1215 / 0715 Participation by...
Bank of Canada Deputy Governor Sharon Kozicki speaking on Tuesday, 7 November
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