Last week, the risk sentiment started on a positive note at the beginning of the week due to the lack of a ground offensive in Gaza. Unfortunately, things went south from Wednesday onwards as Israeli PM Netanyahu delivered a speech where he said that they were...
SNB announces changes to remuneration of sight deposits
This will kick into effect on 1 December 2023, with the SNB lowering the threshold factor for the remuneration of sight deposits of those account holders subject to the minimum reserve requirements from 28 to 25. For some context, the threshold factor is applied to...
North Rhine Westphalia October CPI +3.1% vs +4.2% y/y prior
That's a notable drop in annual consumer prices for Germany's industrial state. If paired with the Brandenburg reading from Friday, that could mean we should see a steeper drop than expected for the national reading later today. For some context, you can check this...
German inflation, Q3 GDP on the agenda today
We are approaching month-end and that can be a bit of a tricky time for markets, not least with so many other moving parts in play at the moment. Equities displayed poor form towards the latter stages of last week but are hoping to find some bit part relief today, as...
Major currencies little changed so far on the day
The most notable thing in the major currencies space since Friday is that USD/JPY has tripped back below the 150.00 mark. That is keeping the dollar in a more tentative spot once more as we continue to see some consolidation against the likes of the euro and pound as...
Reminder: The clocks went back in Europe on Sunday
It is that time of the year again and we'll have to run it forward once again on 31 March 2024 until 27 October 2024 next year, when Daylight Saving Time returns. But this will just be a general public service announcement and reminder to those not affected, that...
Chinese Communist Party seems to have convinced firms to buy back shares, prop up market
Reuters reports on plans for more listed companies on China to buy back shares: More than 30 Chinese listed companies unveiled share buyback and purchase plans over the weekend while major mutual fund house E Fund Management Co said it would invest in its own product...
ForexLive Asia-Pacific FX news wrap: Oil traded lower
Bank of Canada Governor Macklem and Senior Deputy Rogers are speaking MondayGoldman Sachs plan to raise 10-year growth forecasts - enormous potential of generative AIECB and Riksbank speakers due on MondayPBOC sets USD/ CNY reference rate for today at 7.1781 (vs....
Bank of Canada Governor Macklem and Senior Deputy Rogers are speaking Monday
The Bank of Canada's Tiff Macklem, Governor, and Carolyn Rogers, Senior Deputy Governor will both be appearing in parliament today, Monday, 30 October 2023: at the House of Commons Standing Committee on Financeat 1530 Eastern time , which is 1930 GMT As a ps., the two...
Apple: Bullish Correction Before Earnings Release
Apple,Inc., an American multinational technology company specializes in the design, manufacture, and sale of smartphones (iPhone), personal computers (Mac), tablets (iPad), wearables and accessories (Apple Watch, Airpods, Apple Beats), TVs (Apple TV) and other...
Goldman Sachs plan to raise 10-year growth forecasts – enormous potential of generative AI
Not much of a day trading idea this one, but for the longer-term folks. Goldman Sachs say they are getting set to boost economic growth forecasts in the second half of their ten-year outlook:enormous economic potential of generative Al suggests growth upsidewe will...
ECB and Riksbank speakers due on Monday
1300 GMT / 0900 US Eastern time: ECB Vice President Luis de Guindos is speaking at the Leadership Forum organised by Instituto de Empresa in Madrid, Spain1700 GMT / 1300 US Eastern time: Riksbank Governor Erik Thedéen will discuss the economic situation and current...
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https://www.youtube.com/watch?v=-PMZyLoU5bA 보건복지부 장관이 직접 연금개혁안을 발표했습니다. 기초연금 인상, 노후소득보장 강화, 크레딧 제도 확대, 연금 감액 제도 폐지 등 5대 분야 15개 과제가 포함됐는데요. 맹탕이라는 비난이 많았지만, 모든 국민이 관심을 가져야 할 중요한 사안인 것 같습니다. #기초연금 #국민연금 #연금개혁 MoneyMaker FX EA Trading...
PBOC sets USD/ CNY reference rate for today at 7.1781 (vs. estimate at 7.3165)
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...
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Standard Chartered-owned crypto firm launches in Hong Kong: Zosia
UK banking firm Standard Chartered owns Zodia Custody, the crypto security firm.Zodia is launching its services in Hong Kong.Julian Sawyer, CEO of Zodia, said that Hong Kong was a market where demand for crypto is driven by institutions, rather than retail. Zodia...
Australian data – September Retail Sales +0.9% m/m (vs. +0.3% expected)
A huge beat on expectations for September retail sales from Australia. +0.9% m/mexpected +0.3%, prior +0.2%all categories performing stronglyAnother data point that'll surely add to the case for a Reserve Bank of Australia rate hike at next week's policy meeting (on...
Australia rejected a free trade deal with the EU – “not been able to make progress”
Talks between Australia and the European Union on a Free Trade Agreement have broken down.both parties failed to reach a compromise on a number of sticking pointsAustralian Trade Minister Don Farrell:“Unfortunately, we have not been able to make progress”“Negotiations...
PBOC is expected to set the USD/CNY reference rate at 7.3165 – 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...
I’ve just spotted the first ‘Santa Rally’ post of the season
Via a Deutsche Bank note on Friday saying, in brief:We close out a difficult week with Amazon’s earnings from last night setting a more positive tonea lot of concerns over where we are in the cycleHowever, one has to consider how much seasonals have played a part...