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,...
UBS has raised its forecast for economic growth in China this year to 4.6%, from 4.4%
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 stock market rout continues – Shanghai Composite hits a four low
The continuing messages from Chinese authorities are of plans for no large scale stimulus, with overnight reports of:Chinese Premier Li Qiang gave his clearest signal yet that Beijing won’t resort to huge stimulus to revive growth amid the worst bout of deflation in...
Reports say that Pakistan has attacked terrorists inside Iran
This follows news that Iran fired missiles into Pakistan targeting two bases of Baluchi terrorist group Jaish al Adl:“These bases were hit and destroyed by missiles and drones,” Iranian state media reported, There are reports now that the Pakistan military have struck...
Reuters poll: 21 of 85 economists predict first ECB rate cut in April, 38 say June
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,...
Morgan Stanley says paradigm shift (pro- Bitcoin and CBDCs) threaten US dollar’s dominance
A note from Morgan Stanley emphasised what it referred to as “a paradigm shift in the global perception and use of digital assets”, citing:106 million people holding BitcoinBitcoin ATMs available in over 80 countries spot Bitcoin exchange-traded funds (ETFs) approved...
PBOC sets USD/ CNY reference rate for today at 7.1174 (vs. estimate at 7.1976)
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,...
Goldman Sachs CEO says inflation will stay higher than 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,...
Australian dollar dropped after the December jobs report showed a large loss
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 Dec. Employment -65.1K (expected +17.6K) Unemployment rate 3.9% (exp 3.9%)
An ugly result, more than unwinding the strong November gain. Further evidence that the tightness in the labour market is dissipating. A less-tight jobs market will take some of the heat from wage growth and in turn from inflationary pressures. While the RBA won't be...
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PBOC is expected to set the USD/CNY reference rate at 7.1976 – 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 military conducted another round of strikes on Houthi targets in Yemen
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,...
UK RICS data rose to -30 in December from -41 in November
The UK's Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the gap between the percentage of surveyors seeing rises and falls in house prices, rose to -30 in Decemberexpected -34-41 in November RICS measure of new buyer enquiries rose...
US President Biden will speak on the US economy on Thursday, 18 January 2024 @ 2pm ET
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 November Machinery orders collapse -4.9% m/m (vs. expected -0.8%)
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,...
Australian jobs report due soon – preview: Modest gain in employment 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,...
Another ECB official has joined the push back against those pricing in imminent rate cuts
European Central Bank (ECB) Governing Council member Boštjan Vasle, Governor of Banka Slovenije, has joined many of his colleagues in pushing back against market expectations of imminent rate cuts. Said that those in the market looking for rate cuts soon as springtime...
HSBC predicts mixed performance for US dollar: strength to persist
A note from HSBC on the US dollar, analysts at the firm note its strength, helped along by the Fed's "rapid hiking cycle". HSBC sees the dollar strength to slow, but persist, it "has not run out of gas yet".The analysts project a mixed performance ahead:expect the...
The rapid drop in the yen likely to be met by some sort of attempt at verbal intervention
The rapid drop in the yen is likely to be met by some sort of attempt at verbal intervention from Japan's Ministry of Finance and/or the Bank of Japan and/or senior government officials. These could come along at any time now, today, tomorrow, it won't take much to...