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,...
ECB’s de Cos speaks Monday
1030 GMT / 0630 US Eastern time: Bank of Spain Governor Pablo Hernández de Cos delivers a lecture organized by the Chair and Forum for Economic Debate Germán Bernácer (Germán Bernácer was an early Spanish macroeconomist)ECB's de CosAlso, ECB President Christine...
Bank of England Chief Economist Huw Pill speaks today – finely balanced again?
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,...
Former Bank of China chairman arrested
Former Bank of China chairman Liu Liange had been under investigation back in March. He was the first former head of a centrally administered financial firm to have been put probed, and was arrested today on suspicion of taking bribes and illegally granting...
Crypto, stop “bitches & moans about regulation”, needed because of “criminals & scumbags”
Australia's Assistant Treasurer Stephen Jones outlined plans to regulate crypto and digital assets earlier. Long-time crypto fan, Australian businessman Mark Carnegie, founder of MHC Digital Group, a digital assets platform, says the higher regulation is needed:… we...
TD on oil – don’t see a material surge above $100/bbl – but watch for MidEast escalation
I posted analysis from TD here earlier:Adding some more remarks, including forecasts for WTI:current positioning analytics suggest that substantial buying activity could take place north of $90.50/bbl in Brent, supporting continued strength the risk premium driven by...
PBOC sets USD/ CNY reference rate for today at 7.1798 (vs. estimate at 7.3121)
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...
OIL – TD says Iran getting involved in Gaza is a ‘tail event’ risk, a worse case scenario
TD Asset Management commodities analysts are not seeing a wider regional conflict in the Middle East as a base case:You do have the potential for this situation to escalate if Iran gets involved. Iran is producing and exporting more oil than they have in the last five...
ICYMI, former Fed Bullard: investors too complacent on inflation, FOMC might go to 6.5%
Former Federal Reserve Bank of St. Louis President James Bullard spoke Friday in Marrakech, Morocco, at a Euro50 seminar on the sidelines of the annual meetings of the International Monetary Fund and World Bank.“The risk that’s underpriced in markets is that...
Chinese financial press says that researchers see more RRR, rate cuts, this year
> Central Banks > Chinese financial press says that researchers see more RRR, rate cuts, this year Central Banks <!--> --> <!--> --> <!--> China Securities Daily with the piece. ps. Coming up today:and down the track according to the PBOC...
RBA says tokenised money could help save billions in costs in domestic financial markets
Reserve Bank of Australia Assistant Governor (Financial System) Brad Jones, spoke on the tokenisation of assets and money in the digital age to The Australian Financial Review Cryptocurrency Summit.Full text:A Tokenised Future for the Australian Financial System?...
UK data – Rightmove House Price Index for October: -0.8% y/y (prior -0.4%)
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,...
Weekend – PBOC Governor Pan promised to provide more substantial support to real economy
People’s Bank of China Governor Pan Gongsheng spoke over the weekend at the International Monetary Fund meeting in Morocco.positive factors in China’s economic operation are accumulating and the bright spots have increased, and are expected to improve.vowed to provide...
Centrists parties look to have won government in Poland
Polish exit polls are indicating a victory for liberal/centre-right parties over the hard right. If official results confirm it'll be encouraging news for Poland and the EU. And not such good news for Viktor Orban and Vladimir Putin.Its still going to a very tight...
BoE Gov Bailey: the usual transmission mechanism not yet being demonstrated on wages
Bank of England Governor Andrew Bailey spoke as part of a panel discussion on the sidelines of International Monetary Fund meetings in Morocco. over the weekend. said he was puzzled by the continued strength of pay growth in the UKsaid its not yet responded to the...
JP Morgan CEO Dimon: “This may be the most dangerous time the world has seen in decades”
JP Morgan CEO Jamie Dimon noted on the firm's Q3 earnings releasethe war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships. This may be the most dangerous time...
BoA says the Federal Reserve and US government should “stop playing Superman”
Bank of America analysts say that US Treasury yields dropping back from the recent 16-year highs are encouraging:BofA Rates Strategy holds the baseline view that fair value for the 10 year UST yield is in the 4.03.10-425% range and we will get there by year-end 2023...
US’ Kirby won’t rule out sending troops to rescue Gaza hostages
US National Security Council spokesman John Kirby spoke on Sunday with Fox News, saying:“What I won’t do is rule anything in or out when it comes to getting our hostages home,” in response to a question asking if he would “absolutely rule out” the chance that U.S....
New Zealand Services PMI for September 50.7 (prior 47.1)
The BNZ – BusinessNZ Performance of Services Index (PSI) into expansion after three months of contraction.BusinessNZ chief executive Kirk Hope:“The proportion of negative comments stood at 61.8% for September, down slightly from 63.9% in August. Overall, negative...
The US and Israel are discussing a potential visit of US President Biden to Israel
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,...