Saudi Aramco kept its December official selling price (OSP) for Arab Light grade to Asia unchanged from November:OSP for Arab Light $4 a barrel over the Oman/Dubai averagea pause after five months of price hikesprice change is in line with market expectations, as...
BOJ’s Ueda wants more convincing that wages will keep rising
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 national team players are reluctantly propping up the stock market
This is via an opinion piece from Reuters, saying the support for 'national team' buying of stocks (intervention to prop up the market) is only tepid. Reuters says:More than 1,100 companies led by battery giant CATL have responded by spending $9 bln buying back shares...
RBA Shadow Board recommends a rate hike at tomorrow’s monetary policy meeting
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 England Chief Economist Pill speaking Monday – answering questions
Virtual Q&A with Bank of England Chief Economist Huw Pill coming up on Monday, 6 November 2023. The Bank says:An opportunity to pose questions to our Chief Economist Huw Pill around the cost of living and current economic conditionsScheduled for 1700 GMT, which is...
China should and will accelerate the issuance and use of government bonds
Over the weekend China's new finance minister Lan Foan was cited ass saying China will accelerate the issuance and use of government bonds.The report came via state-run news agency Xinhua.The fin min added:finance ministry will steadily promote the resolution of local...
Fed’s Cook speaking Monday on financial stability
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,...
BOJ Gov Ueda promises YCC, negative short term rates will be kept until 2% CPI sustained
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,...
Offshore yuan (CNH) is hitting a 3 week 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,...
China & Hong Kong stocks are higher Monday – Premier’s weekend opening comments?
Over the weekend China's Premier Li Qiang said (again) that the country is committed to further opening its economy:"No matter how the world changes, China's pace of opening up will never stall, and its determination to share development opportunities with the world...
PBOC sets USD/ CNY reference rate for today at 7.1780 (vs. estimate at 7.2868)
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...
Bank of Japan Governor Ueda says its important to look at real rates
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 indicator (ANZ-Indeed Australian Job Ads index) -3% in October, 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,...
PBOC is expected to set the USD/CNY reference rate at 7.2868 – 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...
Japan October Services PMI 51.6 (prior 53.8)
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,...
USD/JPY above 149.50 after the Bank of Japan minutes
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 – Melbourne Institute Inflation (October) -0.1% m/m (prior 0)
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,...
BOJ Minutes: sustainable & stable achievement of the price stability target not in sight
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,...
WSJ: Tesla raises wages for German workers
The Wall Street Journal with the story on wge gains chasing inflation:Tesla is boosting factory worker pay in Germany amid an aggressive unionization driveTesla has been under pressure from Germany’s powerful IG Metall union, which is trying to organize the plant and...
Weekend – South Korea will ban short-selling shares – takes effect today, Monday
South Korea will re-impose a ban on short-selling shares at least until June:Authorities say this is to promote a "level playing field" for retail and institutional investorsThere had been a ban previously, this was removed, for trades involving the shares of large...