0900 US Eastern time / 1300 GMT: Powell gives welcome remarks before a "Fed Listens" event to hear perspectives on current economic conditions and how the pandemic experience has reshaped the economy and the workforce1000 US Eastern time / 1400 GMT: Federal Reserve...
USD has extended its gains during Asia, yen fighting back a little
The USD has added to its gains across the board here in Asia trade. Most notably against the Chinese yuan, prompting intervention to stem its rise and propr up the CNY:Even that isn't helping the yuan a lot. Elsewhere the USD is up widely. AUD/USD is under 0.6540,...
China state banks seen buying yuan in onshore FX market
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,...
Bank of Japan Governor Ueda says BOJ JGB holdings will remain at current levels for now
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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ECB chief economist Philip Lane is speaking on inflation and monetary policy on Friday
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,...
Fitch Ratings says Australian mortgage arrears at highest since the pandemic began
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 sets USD/ CNY reference rate for today at 7.1004 (vs. estimate at 7.2147 )
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 finance minister Suzuki verbal intervention again
Japan finance minister Suzuki with light intervention comments, really light on stuff. This isn't going to scare anyone: BOJ’s decision to change policy could squeeze policy expendituresWon't comment on forex levelsImportant foe forex rates to move stable reflecting...
Vitol is seeing increased demand for oil from shipping and also from aviation
A couple of pieces with remarks from Vitol. Vitol is the world's biggest independent oil trader.CEO Russell Hardy said that the shipping sector is consuming an additional 100,000 barrels of fuel per day to sail longer distances to avoid crossing the Red Sea:total...
PBOC is expected to set the USD/CNY reference rate at 7.2147 – 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...
UK data – GfK Consumer Confidence for March -21 (vs. expected -19 & prior -21)
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 February headline CPI 2.8% vs. 2.2% in January
The ex- food and energy, known as the 'core-core' rate, and closest to US core inflation, remains firmly above 3%, much higher than the Bank of Japan 2% target. The overall, headline, rate is similarly above target at 2.8%USD/JPY is sitting basically on its post-BOJ...
Wall Street Journal says China Xi to meet US CEOs in Beijing next week – a “Rare meeting”
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Here’s a $90K Bitcoin forecast – halving, ETF flows cited
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Former Goldman Sachs commodities head “I want to be long oil”
Jeff Currie is ex-Goldman Sachs and is now at Carlyle Group, and still liking oil. Curie says the crude price is set to rise above $90 a barrel if the Federal Reserve cuts rates sometime in the months ahead:"I want to be long oil and the rest of the commodity complex...
BlackRock CEO Fink says Japan stocks have ‘more upside’ amid weak yen
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,...
US Treasury Sec Yellen says sees few real challenges to the dollar as reserve currency
Yellen as part of her testimony before the US Congress, says, "I strongly believe the US dollar needs to remain the world's primary reserve currency" she sees "few real challenges to the US dollar" Adds that the role of the dollar is helpful for giving teeth to US...
New Zealand February trade data shows exports and imports both climbing from January
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 wholesale inflation (PPI) for February +0.3% m/m (prior +0.5%)
South Korean inflation data, at the producer level, so not CPI for February 2024+0.3% m/mprior +0.5%+1.5% y/yprior +1.3%Encouraging signs from the m/m, slowing inflation at this level of the chain.-PPI data is not consumer-level inflation, but producer-level :The...