While there was a slight bounce late yesterday in Wall Street, it was still a very rough day for stocks. Tech shares bore the brunt of the pain, with the Nasdaq closing down by a whopping 4%. That tees up the likelihood of another down week, with this being the fourth...
ForexLive Asia-Pacific FX news wrap: Round trip for yen and risk
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,...
Republican Senator says Trump is ‘dug in’ on tariffs, ‘like a tick’
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 Kato says FX developments can affect people’s lives
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 Finland Governor and ECB monetary policy maker Olli Rehn speaking Tuesday
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,...
Citi downgrades US equites and upgrades China equities
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 7.1741 (vs. estimate at 7.2597)
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...
Yen up, US equity indexes down – chicken, egg, dog, tail … bad session for risk again
The Trump recession narrative has taken hold after Tuesday US trade;As Adam said in that post, FX wasn't where the pressure was felt, but equities took a hit (with a late-day bounce that has since dissipated). US equity indexes are lower again:NQ off about 1%ES off...
Japan’s Finance Minister Kato flags impact of rising rates, pledges stable bond issuance
Japan’s Finance Minister Shunichi Kato warned on Tuesday that higher long-term interest rates could have wide-ranging effects on the economy, underscoring the need for careful monitoring of financial conditions.Kato also reaffirmed the government’s commitment to...
Japan Economy Minister Akazawa says FX should move stably, reflecting fundamentals
Japan’s economy is expected to recover moderately, though policymakers remain cautious about external risks, Economy Minister Yoshitaka Akazawa said on Tuesday. He highlighted potential headwinds from U.S. trade policies and the impact of rising energy and food costs...
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Australian February business confidence to -1 (prior +5)
The latest monthly National Australia Bank survey showed that Australian business confidence dropped back into negative territory in February, despite a recent rate cut by the Reserve Bank of Australia (RBA), signaling ongoing caution among businesses, according to...
PBOC is expected to set the USD/CNY reference rate at 7.2597 – 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 Consumer Spending Slows in February Despite Record Household Confidence
UK consumer spending lost momentum in February, cooling after a strong start to the year, even as households reported record-high confidence in their personal finances, according to data from the British Retail Consortium (BRC) and Barclays.The BRC reported that total...
Japan Trade Minister Muto received no assurance Japan would be exempt from US tariffs
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 (final) Q4 2024 GDP +0.6% q/q (preliminary was +0.7%)
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 data – January Household Spending +0.8% y/y (vs. expected +3.6%)
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 data – Westpac Consumer Confidence (March) +4% (prior +0.1%)
Wow, I did a double take on that number.Up 4% to 95.9 and a 3 year high. Up 13.6% y/yNot getting overly carried away, the result is still under 100 and thus net pessimistic. Still, a huge jump. The report cites:slowing inflationthe first interest rate cut in over four...
Bank of Canada’s rate decision on Wednesday is shaping up to be a tight call
The Bank of Canada’s rate decision on Wednesday is shaping up to be a tight call, with RBC expecting policymakers to hold rates steady for the first time since April 2024. While the base case assumes a pause in the current easing cycle, the risk of U.S. trade...
UK Treasury said there is “no plan” to introduce US-style Bitcoin reserves
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,...