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,...
AUD bid on Bullock, RBA minutes, Chinese yuan strength
Reserve Bank of Australia Governor Bullock spoke earlier:Bullock made mention that inflation will remain a crucial challenge over the next one to two years.This was very much evident in the minutes to the November meeting released soon after Bullock spoke:Bullock...
Australian dollar jumps after strong reference rate setting for onshore yuan (CNY)
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 central rate at 7.1406 (vs. estimate at 7.1677)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
USD/JPY extending lower towards 148.00
More USD weakness, and JPY strength, again during the session here after Monday USD/JPY dropped 149. Apart from what has been posted there is no fresh news nor data to act as a catalyst. Also similar to Monday are flows into yuan, USD/CNH is down to around...
RBA minutes show intense focus on inflation and inflation expectations risks
Reserve Bank of Australia November meeting minutes, Headlines via Reuters: Considered case for raising rates or holding steadyBoard saw "credible case" that a rate rise was not needed at this meetingBut judged case for hiking was the stronger one given inflation risks...
PBOC is expected to set the USD/CNY reference rate at 7.1677 – 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...
Crude oil – United Arab Emirates will increase its output target from January
The United Arab Emirates will increase its output target to 3.075 million barrels a day in January, or about 135,000 barrels a day more than it pumped last month.This is not new news, the agreement allowing the UAE to pump more was reached at the OPEC meeting in June....
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China authorities curate funding list for property developers amidst growing default risks
An ICYMI of reports that Chinese authorities are drafting a list of 50 real estate developers eligible for a range of funding.Bloomberg had the info, citing unnamed people familiar with the matter. list includes both private and state-owned real estate developersthe...
JP Morgan expects Brent crude oil prices to remain flat in 2024, averaging $83 a barrel
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,...
RBA Governor Bullock says the Bank is increasingly optimistic about the labour 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,...
Australian weekly consumer confidence has one of its 10 worst results since COVID
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,...
Reserve Bank of Australia Governor Bullock speaking imminently – live link
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,...
Barclays forecasts higher 2024 European equity prices, receding rates pressure, threats
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 Americas FX news wrap 20 Nov: The USD moves lower as rates ease
The USD moved lower today - only outpaced by the CAD as the weakest of the major currencies. The JPY was the strongest. The strongest to the weakest of the major currenciesOver the weekend Pimco said they were moving into the JPY on expectations that the Bank of Japan...
Which economic indicators are the true predictor of the US election outcome
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 sees rising exports in October trade 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,...
Tech stocks soar as Microsoft and Nvidia reach record highs
The major stock indices have a solid/positive start to the trading week. The surge to the upside was largely driven by Microsoft's rally following the hiring of key artificial intelligence executives, including Sam Altman, former head of OpenAI, and Greg Brockman,...
Asian Economic Calendar: Key Events and Consensus Expectations for 21 November 2023
While the focus is on the RBA's Bullock and then the minutes of the November meeting the upcoming December 5 meeting of the Bank is not considered 'live'. The likelihood is the RBA will await the next official quarterly CPI data, due on January 31 2024 just ahead of...