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 yuan slide continues on the week
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 December consumer confidence 36.2 vs 36.4 prior
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: AUD dipped after inflation data
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 tumble as regulators announce new trade-in subsidies
Equities are heavy across the region following the softness on Wall Street on Tuesday. Chinese shares in particular are under the hammer. We had a press conference today from the State Planner, the National Development and Reform Commission (NDRC), People's Bank of...
Bank of England speakers Wednesday are addressing Prudential Regulation and Policy
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 official promises to aid banks in lending money for trade-in initiatives
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’s State Planner to expand the scope to implement two new policies
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,...
Czech National Bank governor is considering buyin Bitcoin for future reserve strategy
The Czech National Bank, is the central bank and financial market supervisor in the Czech Republic.Governor Aleš Michl is reported as having considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, Via CNN Prima News...
Australian CPI data “raise the risk the RBA will begin its easing cycle earlier than May”
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,...
Onshore yuan falls to its weakest since September 2023
CNY is China's onshore yuan. USD/CNY has hit its highest since September 2023:This comes despite People's Bank of China efforts to support the yuan, continuing today with a fix below 7.2 again:PBOC sets USD/ CNY mid-point today at 7.1887 (vs. estimate at...
Former Bank of Japan Governor Kuroda predicts more rate hikes
The Bank of Japan (BOJ) is expected to continue raising interest rates over the coming years as inflation appears on track to sustainably reach its 2% target, according to former governor Haruhiko Kuroda. Info comes via Reuters reporting. Kuroda highlighted...
PBOC sets USD/ CNY mid-point today at 7.1887 (vs. estimate at 7.3435)
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 system that allows the value of the yuan to fluctuate within a certain...
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AUD/USD towards 0.6220 after encouraging CPI data
The monthly CPI data is not the critical piece of information, that is the quarterly data due on January 29. Still, though, there is encouragement from the November data, with the core rate having a chunk taken out of it:In addition to the CPI data were job vacancy...
Australian November CPI 2.3% y/y (vs. expected 2.2%)
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,...
PBOC is expected to set the USD/CNY reference rate at 7.3435 – 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...
Venezuelan President Maduro says two “very high-level” U.S. citizens have been arrested
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,...
Shanghai Securities News sees chance of forceful PBOC monetary policy moves
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 – ANZ World Commodity Price Index +0.2% in December (prior +2.9%)
New Zealand data - the ANZ World Commodity Price IndexFor December 2024 +0.2% m/m vs. +2.9% in November:NZD eased 1.6% in December, pushing up the NZD Trade Weighted Index by 3.6% m/mThe y/y +15%. **As part of the report is ANZ's look at chipping costs:Global shipping...