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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Positive sentiment in Japanese automakers and hotels boosts economic outlook
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 7.1717 – Reuters modelled 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...
Japanese firms expect CPI to rise 2.4% in the coming year
As part of the Bank of Japan Tankan report is the corporate price expectations survey:Japan firms expect consumer prices to rise 2.4% a year from now vs +2.5% in previous survey. Expect consumer prices to rise an annual 2.2% 3 years from now vs +2.2% in previous...
Australian Treasury forecast CPI inflation only hitting 2.5% target in 2025/26
Australian Government (Department of Treasury) Mid-year Economic and Fiscal Outlook (MYEFO), main points: 2023/24 budget deficit at a$1.1 bln vs a$13.9 bln projected in MayBudget deficit projected at a$18.8 bln in 2024/25, deficit a$35.1 bln 25/26Sees GDP growth in...
Seychelles-based KuCoin cryptocurrency “exchange” banned in New York, fined $22m
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,...
New Zealand data: Food Price Index (November) -0.2% m/m (prior -0.9%)
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,...
Argentine Economy Minister announces a devaluation of the peso
Argentina's Economy Minister Luis Caputo announces a peso devalution to 800 per dollar. More than a 50% drop.This comes as zero surprise at all. Other measures to be implemented include elimination of taxes on exports, reduction of energy, transport...
China’s Central Economic Work Conference – plans for growth, innovation, and stability
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,...
New Zealand data: Q3 Current Account is a bigger deficit than was expected
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,...
Oil – private survey of inventory shows larger headline draw than was expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.Via oilprice.com on Twitter:--Expectations I had seen centred on:Headline crude -0.7mn barrelsDistillates +0.6 mn bblsGasoline +1.9 mn--This data point...
Forexlive Americas FX news wrap: US CPI matches estimates
Markets:Gold down $2 to $1978US 10-year yields down 3 bps to 4.21%WTI crude oil down $2.64 to $68.67S&P 500 up 21 points, or 0.4%, to 4667JPY leads, AUD lagsAll eyes were on the CPI report on Tuesday but -- like non-farm payrolls on Friday -- the price action was...
Houthi terrorists warning to Red Sea vessels will spark concerns for oil traders
A Houthi official has warned Vessels sailing through the Red Sea not to turn off radios and to rapidly respond to orders that Houthi give. Vessels navigating through the Red Sea should avoid falsifying their identity or raise flags other than those of the owner's...
US stocks up again. Fresh 2023 highs once again.
The major US indices are up again. Dow at the highest level since January 2022, and around 1% from all time highs for the index. The Nasdaq led the way today. The final numbers are showing:Dow Industrial Average is up 173.01 points or 0.48% at 36577.95S&P index is...
Asian Economic Calendar: Key Events and Consensus Expectations for 13 December 2023
In addition to the data agenda printed in the screenshot we also have an RBA speaker ahead:Jones is Assistant Governor (Financial System) and is speaking at the Australasian Finance and Banking Conference from 0030 GMT, which is 1930 US Eastern time. He may not have...
Trade ideas thread – Wednesday, 13 December, 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,...
Gold Price Forecast: Sellers in Control Following Failed $2000 Retest, FOMC Next
GOLD (XAU/USD) PRICE FORECAST:MOST READ: US Inflation in Line with Estimates but MoM CPI Rises, DXY Ticks HigherGold prices attempted a recovery today and reached a high of around $1997/oz before sellers took control in the aftermath of the US CPI release. The CPI...
Dow inches towards all-time highs, S&P index and NASDAQ have more room to reach highs
Dow is approaching all time high levelsThe Dow Industrial Average is only about 0.60% away from its all-time high close and about 1% away from its all-time high price at 36952.65. The all-time high close comes in at 36799.66 (January 4, 2022).For the S&P index,...
TD highlights a tailwind for the US economy
It's the time of the year when the year-ahead reports roll out.They mostly go straight into the virtual trash but at times they contain some great tidbits. TD's latest highlights the resurgence of US manufacturing with some comments from a railway executive."One...