US inflation data is due on Friday, 26 January 2024 at 8.30 am US Eastern time:I posted a preview here:The US data day kicks off at 8.30am US Eastern time.For the m/m core PCE inflation the consensus (seen in the screen shot above) is 0.2% with a range of expectations...
PBOC sets USD/ CNY reference rate for today at 7.1074 (vs. estimate at 7.1733)
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China’s Foreign Minister Wang Yi and US National Security Adviser Jake Sullivan to meet
Wall Street Journal (gated) reports that the two will meet in Bangkok to discuss the Houthi attacks on Red Sea shipping“China has influence over Tehran; they have influence in Iran. And they have the ability to have conversations with Iranian leaders that—that we...
North Koreas Kim Jong Un may order lethal military action against South Korea or US forces
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JP Morgan predict easing selling pressure on Bitcoin as Grayscale profit taking stabilizes
JP Morgan says in a note on Thursday that the bulk of the profit taking selling in Grayscale’s bitcoin ETF (GBTC) is likely to have been completed and that selling p[pressure on BTC should now ease. JPM had previously projected around US$3bn would depart GBTC as...
PBOC is expected to set the USD/CNY reference rate at 7.1733 – 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...
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USD/JPY above 147.80 after Tokyo inflation drops sharply in January
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Bank of Japan December meeting minutes: Agreed to patiently maintain easy policy
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Japan December Services PPI +2.4% y/y (expected 2.4%)
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Tokyo area CPI data for January +1.6% (prior 2.4%)
Two of the three measures have shunted back below the Bank of Japan 2% target. Tokyo headline for January 1.6% y/yexpected 2.0%, prior 2.4%CPI Excluding Fresh Food 1.6% y/y, the slowest for this measure since March 2022expected 1.9%, prior 2.1%CPI Excluding Fresh Food...
Goldman Sachs preview what to expect in the US inflation data due later
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US Dollar Forecast: Core PCE to Set Tone, Setups on EUR/USD, GBP/USD and Gold
Most Read: Gold Price Forecast - Core PCE Data to Guide Markets Ahead of Fed DecisionThe U.S. Bureau of Economic Analysis will release on Friday core personal consumption expenditures data, the Fed’s favorite inflation gauge. The strength or weakness of the report...
ICYMI: U.K. suspends trade negotiations with Canada
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UBS views on EUR, GBP, USD, CHF … they most prefer the Australian dollar
From UBS some snippets on EUR and the European Central Bank, and on other FX also:Most G10 currency pairings are now back in familiar ranges (e.g., EUR/USD between 1.0500 and 1.1000), where we expect them to remain in the coming months.Indeed, UBS is looking to sell...
JP Morgan on the European Central Bank – watch wages data
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Intel earnings and revenues beat but the guidance is a disppointment
Intel Corp (INTC) Q4 2023 Earnings:EPS: $0.63, Beat expectations of $0.45.Revenue: $15.4 billion, Beat expectations of $15.16 billion.Guidance for Q1:Adjusted EPS view: $0.13, below expectations of $0.34.Adjusted revenue view: $12.2 to $13.2 billion, below...
US Treasury Secretary Yellen: GDP report a good thing, won’t create inflationary challenge
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Stocks close with major indices higher. 6th day in a row higher for S&P and Nasdaq..
The major US stock indices are closing higher with the Dow 30 leading the way. The final numbers are showing:Dow industrial average rose 242.74 points or 0.64% at 38049.12S&P index was 25.63 points or 0.53% at 4894.17NASDAQ index was 28.57 points or 0.18% at...
Forexlive Americas FX news wrap: US GDP beats estimates, dollar climbs
Markets:Gold up $5 to $2017US 10-year yields down 5 bps to 4.12%WTI crude oil up $2.20 to $77.28S&P 500 up 0.4% CAD leads, CHF lagsThere was plenty to digest today with the ECB and US GDP report along with a handful of other releases. The picture in the US was...