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,...
BoA expect just 3 RBA interest cuts in 2025, terminal rate of 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,...
US Treas Secretary Scott Bessent – more on Trump wanting lower 10 yr yield, not short term
I posted earlier on Bessent:The key point in his comments was this:focus is on bringing down 10-year Treasury yields, rather than the Fed’s benchmark short-term interest rateOver the weekend Trump said it was 'fine' that the Federal Open Market Committee (FOMC) didn't...
The Nissan – Honda merger is off
Nissan CEO Makoto Uchida has informed Honda CEO Toshihiro Mibe that he wants to cancel their memorandum of understanding (MOU) regarding potential merger discussions, according to a source familiar with the matter. The decision comes after Honda proposed making Nissan...
Ex-RBA official Australia’s weak economy, sticky CPI, trade uncertainty risk 2soft landing
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,...
Tamura says BoJ must raise short-term interest rates to at least 1% by the H2 fiscal 2025
Bank of Japan board member Naoki Tamura spoke today:BOJ's Tamura makes his case again for faster interest rate hikesHis comment on getting rates to 1% is catching headlines: short-term interest rates shouldd be raised to at least 1% by the second half of fiscal 2025...
US government vessels to sail free through Panama Canal
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BOJ’s Tamura makes his case again for faster interest rate hikes
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 mid-point today at 7.1691 (vs. estimate at 7.2535)
Earlier on China:***People's Bank of China USD/CNY reference rate.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...
Fed’s Jefferson says happy to keep Fed Funds on hold at current rate
Federal Reserve Vice Chair Philip Jefferson: need to look at the totality of the net effect of the Trump administration's influence on policy goalshappy to keep policy at the current level of restrictiveness until there is a better sense of the totality of impactseven...
Japan’s fin min Kato sees inflation pressure continuing to rise
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,...
Nothing from Bank of Japan Board Member Tamura Naoki yet
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,...
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Australian December trade surplus comes in at AUD5085mn, below estimate of AUD7000mn
Australian Trade Balance (MoM) (Dec) 5,085mnexpected 7,000mn, prior 6,792mnImports (MoM) (Dec) +5.9%prior +1.4%surge in imports of capital equipment, oil products and consumption goodsExports (MoM) (Dec) +1.1%prior +4.2%gains in iron ore exports***AUD down a few tics...
Fed’s Jefferson does not offer anything much new on the economy or policy in his speech
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,...
The Bank of England (BoE) is expected to cut interest rates by 25bp at its meeting today
The Bank of England (BoE) is expected to cut interest rates by 25bp at its meeting today, Thursday, February 6, 2025. This will be the third cut of the cycle so far. The Bank's Monetary Policy Committee is pondering a weak economy with nevertheless persistent...
Goldman Sachs dismisses bubble concerns over US equity market dominance
Goldman Sachs has pushed back against concerns that the dominance of the US equity market, particularly within the technology sector and among a handful of leading companies, signals the formation of a financial bubble.In its latest market commentary, the investment...
BoJ hawk Naoki Tamura is scheduled to speak soon
Repeating this from yesterday as a heads up ICYMI. Bank of Japan Board Member, Tamura Naoki at a meeting with local leaders in Nagano at 9.30 am Tokyo time:at 0030 GMT / 2030 US Eastern timeBack in December 2024 Naoki Tamura proposed raising rates to 0.5%, citing...
JP Morgan maintains view that US-China tariff war likely to escalate, all the way to 60%
JP Morgan has reaffirmed its baseline assumption that the United States will raise tariffs on Chinese goods to 60%, signalling expectations of further escalation in the ongoing trade conflict between the world’s two largest economies.In its latest assessment, the...
USD/JPY forecast to 145
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,...