China is back from its week-long holiday today.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...
Japan likely won’t intervene to reverse yen downtrend – Japan ex-top FX diplomat
Japan former top currency diplomat Naoyuki Shinohara spoke with Reuters. Highlights:Japan likely won't seek to reverse the yen's downtrend with exchange-rate intervention as recent falls reflect economic fundamentals, former top currency diplomat Naoyuki Shinohara...
Israel massing 100,000 troops in southern Israel to neutralize Hamas’ military facilities
Statement from an Israeli Defense Force spokeperson to the effect that Israel is amassing 100,000 troops, tanks and more in southern Israel. The aim is to take away all military capabilities from Hamas. Once that's done move so that Hamas will no longer be governing...
Australia agreed to ensure a stable supply of energy resources such as LNG, coal to Japan
Japan's Economy, Trade and Industry Minister Yasutoshi Nishimura met in Melbourne with his Australian counterpart Don Farrell for the fifth Japan-Australia Ministerial Economic Dialogue. They were joined by Climate Change and Energy Minister Chris Bowen and Resources...
Trading Hong Kong markets has been delayed due to Typhoon Koinu
Monday morning trade in securities and derivatives has been delayed on Hong KongHong Kong stock exchange delayed trading due to Typhoon KoinuHong Kong Observatory said storm signal No. 8, would remain in force before 11 am (0300 GMT) while the Rainstorm Warning Signal...
Workers at Chevron’s two LNG in Western Australia voted to restart strikes on Friday
Chevron says its continuing to work to draft an agreement based on recommendations a couple of weeks ago:The latest is that workers at Chevron's two liquefied natural gas facilities in Western Australia voted to restart strikes on Friday.“It’s disappointing but hardly...
Gold update – higher after the Hamas weekend attack on Israel
ICYMI:More:Oil is up on supply concerns (there are market dynamics playing out also of course, part of the reason for the jump in price is short covering and longs either holding (not selling) or more longs getting in looking for further price gains).Gold is up in...
US markets open (Globex Sunday evening trade): S&P, NASDAQ down, oil up
> US markets open (Globex Sunday evening trade): S&P, NASDAQ down, oil up <!--> --> <!--> --> more to come ADVERTISEMENT - CONTINUE READING BELOW <!--> Tags --> ADVERTISEMENT - CONTINUE READING BELOW <!--> Most Popular...
Crude oil futures trade begins at the top of the hour (6pm US Eastern time)
Electronic trading of crude oil futures will commence, as usual, at 6:00 p.m. U.S. SundayThat is in just a few minutes time. ICYMI - the USD has jumped, as has yen, in the early hours market response here in Asai to the Hamas/Iran attacks on Isreal over the...
Japan has issued a tsunami advisory – Izu Island area (eastern Japan)
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,...
Wall Street Journal reports that Iran helped plot the attack on Israel
The Wall Street Journal (gated) with the report, citing senior members of Hamas and Hezbollah:Iranian security officials helped plan Hamas’s Saturday surprise attack on Israelgave the green light for the assault at a meeting in Beirut last MondayOfficers of Iran’s...
Airlines cancel flights into Tel Aviv, Isreal after Hamas murderous attacks on civilians
Unsurprisingly global airlines are temporarily halting services into Israel following the horrific weekend attacks by Hamas on civilians. Markets here in Asia are still barely open. New Zealand is underway and Australia will begin in the hours ahead. Its still pre 5am...
Trade ideas thread – Monday, 9 October 2023
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 economic calendar in Asia for Monday, 9 October 2023 is empty
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,...
Heads up reminder – Japanese markets are closed Monday, 9 October 2023 for a holiday
A heads up for thinned-out liquditity in Asia time here on Monday, 9 October 2023 with Japanese markets closed for a holiday. Japanese banks will not be marking markets in FX today, this leaves Singapore, Hong Kong Australia and New Zealand as the active major forex...
Monday morning open levels – indicative forex prices – 9 October 2023 – USD higher
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.The USD, and yen, are up a little from late Friday levels on the back of the awful attacks in Israel over the weekend:Another Middle East item from the weekend: As...
Newsquawk Week Ahead: FOMC minutes, ECB minutes, US & China CPI and UK GDP
Mon: EZ Sentix Index (Oct)Tue: NilWed: EIA STEO, US PPI (Sep). FOMC MinutesThu: ECB Minutes, OPEC MOMR, IEA OMR, UK GDP (Aug), US CPI (Sep)Fri: Chinese Inflation (Sep), Chinese Trade Balance (Sep), EZ Industrial Production (Aug), US University of Michigan PrelimNote:...
10월 10일부터 선착순! 우체국에서 드립니다! ‘월 833원 보험 + 휴대폰 요금 1년 무료’
https://www.youtube.com/watch?v=FuMEIq2U8B4 10월 10일부터 선착순으로 1년간 통신 요금 전액을 지원하는 우체국의 공익사업이 있어서 소개해 드립니다. 추첨이 아니라 선착순으로 1년 치 휴대폰 요금을 지원해 주는 사업이니까 미리 알아두셨다가 10월 10일에 최대한 빨리 우체국으로 가셔서 신청하시면 좋겠습니다. (저소득층 해당) #알뜰폰 #공익보험 #우체국 MoneyMaker FX EA Trading...
US Equities Technical Outlook: Range-Bound with Downside Potential
US stocks have come under pressure at the end of Q3 2023 as the Fed made their stance clear on interest rates remaining higher for longer. Such an environment is likely to weigh on risk assets like equities but from a technical point of view there are still a few...
Weekly Market Outlook (09-13 October)
UPCOMING EVENTS:Tuesday: US NFIB Small Business Optimism Index.Wednesday: US PPI, FOMC Minutes.Thursday: Japan PPI, UK GDP, ECB Minutes, US CPI, US Jobless Claims, NZ Manufacturing PMI.Friday: China CPI, China Trade data, Eurozone Industrial Production, US University...