In October, only 18.2% of companies reported problems in the latest survey by Ifo - down from 24.0% in September. According to the economic institute, this sees that "things are almost back to pre-crisis levels". Adding that "companies should plan now for future...
US and South Korea issue joint statement condemning North Korea’s missile launches
The US and South Korea have issued a joint statement saying that they strongly condemn North Korea's missile launches as well as its attempt to launch a space vehicle. The two countries also note that they are to discuss plans to include scenarios of North Korea's use...
A quiet European agenda today as markets brace for US data later in the week
There isn't much on the data docket coming up in the session ahead, so market players will be left to fend for themselves before we get to the key risk events later this week. All eyes are on major data releases in the US as noted here, so trading sentiment should be...
FX option expiries for 13 November 10am New York cut
There is just one to take note of for the day, as highlighted in bold.That being for USD/JPY at the 152.00 mark, which doesn't hold much technical significance although it does coincide to near the October 2022 high of 151.94 - when the BOJ stepped in. I reckon the...
Dollar holds steady, all eyes on key data releases later this week
So, what'd I miss? It's a quiet start to proceedings so far in the major currencies space, with narrow ranges prevailing for now. I mean when EUR/USD is trading within an 8 pips range, you sort of get the idea. Here's a snapshot of things ahead of European...
Goldman Sachs downgrades Hong Kong stocks, expects India to outperform
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,...
Federal Reserve Board Governor Lisa Cook to speak on Monday
Federal Reserve Board Governor Lisa Cook is speaking on Monday, 13 November. It doesn't look like we'll be getting to much from her, the appearance is billed as giving introductory remarks before the Federal Reserve Board 5th Conference on Nontraditional Data, Machine...
ForexLive Asia-Pacific FX news wrap: USD/JPY back near recent high
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,...
October CBA household spending falls m/m (rate hikes impacting consumption)
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 forecasts 2024 US economic growth at 2.1%
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,...
European Central Bank Vice President Luis de Guindos keynote speech at Euro Finance 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,...
Westpac forecasts that the RBA will hold rates now, but risks loom
Westpac holds the view that the Reserve Bank of Australia will not raise interest rates further from here.Westpac reasons:If the real economy continues to evolve as we anticipate, i.e. economic growth remains well below–trend and slack emerges in the labour market,...
Bank of England Monetary Policy Committee Member Catherine Mann to discuss monetary 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,...
China considers buying Boeing 737 Max, signals thaw in US relations
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 say the cure for plunging bond prices may be worse than the disease
An analyst note from Barclays on Friday last week on the cascade lower for bonds: “There is no magic level of yields that, when reached, will automatically draw in enough buyers to spark a sustained bond rally,”“In the short term, we can think of one scenario where...
PBOC sets USD/ CNY reference rate for today at 7. 1769 (vs. estimate at 7.2889)
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...
Expert Insights: Morgan Stanley and Goldman Sachs diverge on Fed rate cut forecasts
Morgan Stanley economists are forecasting that Federal Open Market Committee (FOMC) will make deep interest-rate cuts over the next two years as inflation cools.Goldman Sachs, on the other hand, expect fewer reductions and a later start. Bloomberg have a piece up...
PBOC is expected to set the USD/CNY reference rate at 7.2889 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2889 – Reuters estimatePeople'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...
RBA Assistant Governor Kohler says there is no doubt that interest rates are restricitive
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 data – Rightmove House Price index for November -1.7% m/m (prior +0.5%)
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,...