Japan’s biggest commercial banks have allowed excess funds to languish in negative interest-rate accounts at the Bank of Japan in December at the most since the introduction of the zub0zero policy in 2016When the policy was first introduced funds flowed elsewhere, a...
Bank of Japan Uchida says does not expect very easy policy to change in a big way
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,...
China January CPI +0.3% m/m (expected +0.4%), with y/y remaining in deflation at -0.8%
China January 2024 inflation dataCPI +0.3% expected 0.4%, prior 0.1%CPI -0.8% y/yexpected -0.5%, prior -0.3% core inflation (excluding and energy prices, +0.4% y/y, from +0.6% in December 2023)fastest pace of price falls since the GFCPPI -0.2% m/m, producer prices dip...
UK labour market tightness lessening as wage growth eases to lowest rate in three years
The UK labour market has unwound tightness, with the latest data on wage growth ebbing to its lowest growth rate in nearly three years. KPMG/ Recruitment and Employment Confederation (REC) monthly survey of permanent staff salariescame in at 55.8 in January, its...
PBOC sets USD/ CNY central rate at 7.1063 (vs. estimate at 7.1911)
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,...
BOJ official says even if negative rates abandoned, accommodative conditions would remain
Bank of Japan Executive Director (a post equivalent to a board member) Shimizusays inflation has so far has been driven by cost-push factorseven if negative rates abandoned, accommodative conditions would remainUSD/JPY little changed around 148.05, just off its Asia...
UK house prices (RICS survey) to highest level since October 2022
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 7.1911 – 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...
US Energy Information Administration says US oil production will slow dramatically
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,...
China January inflation data due today – the domestic economy is grappling with deflation
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,...
Why JPM traders are bullish on US equities: megacap tech earnings and strong economy
A snippet from the trading desk at JP Morning (US) on US equities, taking an opposite view to that expressed by chief market strategist, Marko Kolanovic, who has been consistently pessimistic (this most recently) JPM traders had been cautious in January, but now say...
ECB unlikely to cut rates as DAX hits all-time highs, contrary to Market Expectations
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,...
Gold Price Forecast: US Inflation Data to Guide Trend; XAU/USD Levels Ahead
GOLD PRICE OUTLOOK – XAU/USD TECHNICAL ANALYSISGold prices have lacked directional conviction this year, with bullion seemingly in a consolidation phase awaiting fresh catalystsNext week's U.S. inflation data may be a source of market volatility and could help guide...
ANZ anticipates limited near-term recovery for USD/JPY, expected to remain rangebound
This summary is via the folks at eFX. For bank trade ideas, check out eFX Plus.ANZ anticipates limited near-term recovery for the JPY against the USD, with the currency pair expected to remain rangebound between 146 and 148.50. Factors such as higher US Treasury...
Forexlive Americas FX news wrap 7 Feb: S&P nearly reaches 5000 milestone. Lots of Fedspeak
The US session was focused on a number of Fed officials speaking. We have already heard from Kashkari since the FOMC decision, but Collins from Boston Fed Pres. Collins and Fed Gov. Adriana Kugler, helped to understand their biases. Richard Fed Pres. Barkan also...
S&P index nearly reaches the 5000 milestone. S&P and Dow close at record levels.
Both the S&P and Dow Industrial Average closed at record levels for the second consecutive day. Moreover, the S&P index got within $0.11 of the 5000 milestone (high-priced reach 4999.89). The NASDAQ index is still around 2.7% away from its all-time high price...
ICYMI – Trump plans punitive tariffs on EU in second term: Bloomberg
As an ICYMI, US presidential contender Trump is preparing a load of punitive trade measures targeting the European Union.Info comes via Bloomberg (gated), citing "people familiar with his team’s nascent economic-platform discussions."A likely starting point in a...
Economic calendar in Asia 08 February 2024 – Inflation data from China
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 – Thursday, 8 February, 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,...
Atlanta Fed wage growth tracker falls to 5% from 5.2%
Atlanta Fed wage growth trackerThe Atlanta Fed wage growth tracker has fallen to 5% from 5.2% last month. The growth rate is at its lowest level since December 2021 when it reached 4.5%.Looking at the chart above, the pre-pandemic inflation surge hig was near 4% with...