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,...
Reserve Bank of Australia leaves its cash rate unchanged at 4.1%, as widely expected
Headlines via Reuters: Some further tightening of monetary policy may be requiredBoard remains resolute in its determination to return inflation to the targetRecent data are consistent with inflation returning to the target range over the forecast horizonHigher...
Taiwan’s Central Bank says sold USD880mn to intervene in FX market in H1 2023
Taiwan's Central Bank, the Central Bank of the Republic of China, dipping into its USD holdings to fund this. Sold net USD 880mn to intervene in FX market in H1Sold net USD 5.63bln from July 2022 to June 2023Says the operations were aimed at smoothing FX...
ForexLive Asia-Pacific FX news wrap: Awaiting the Reserve Bank of Australia
How much longer can USD/JPY hold under 150? The USD is supported by yields, economyJapan fin min Suzuki verbal yen intervention comments - will take appropriate stepsOil has dropped further in Asia time tradeFirst 3 days of China holiday, China's domestic trips +75.8%...
[병원, 가고 싶어도 어려웠다면…’여기’ 전화 한 통만 하세요!! ]#3.1경제독립tv
https://www.youtube.com/watch?v=xksq1NXhXFg [병원, 가고 싶어도 어려웠다면...'여기' 전화 한 통만 하세요!! ]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다 ^_^~...
How much longer can USD/JPY hold under 150? The USD is supported by yields, economy
Japan's finance minister was once again across the news wires with warnings on intervention.They sound rather hollow. The issue does not appear to be a weak yen, but a strong USD. EUR/JPY, GBP/JPY are not scaling lofty heights, suggesting the USD/JPY gains are USD...
Japan fin min Suzuki verbal yen intervention comments – will take appropriate steps
Japan finance minister Suzuki comments are not shifting USD/JPY much at all: Important for currencies to move in stable manner reflecting fundamentalsWill make appropriate steps on fx moves with high sense of urgencyJapan's price inflation is affected by weak yen...
Oil has dropped further in Asia time trade
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,...
First 3 days of China holiday, China’s domestic trips +75.8% y/y
China's Ministry of Culture and Tourism with the data point:From September 29 to October 1, the first three days of the eight-day Mid-Autumn Festival and National Day holidays, China's domestic trips totaled 395 million, an increase of 75.8% year-on-year. Domestic...
Italian “supermajor” oil company Eni SPA CEO said deeper OPEC+ production cuts unlikely
Eni SpA CEO Claudio Descalzi was speaking Monday US time in a Bloomberg TV interview. Said that OPEC and its allies are unlikely to deepen their production cutsSpeaking elsewhere he added: “We need a price that allows us to make investment and we need a price that is...
USD/JPY intervention: “150 remains a closely watched figure, not a clear line in the sand”
Mizuho on USD/JPY at 150:Admittedly, the continued JPY weakness is a concern. While 150 remains a closely watched figure, it is not a clear line in the sand. JPY weakness will be restrained as JPY bears will be wary of intervention risks. Simply put, should the US...
Australian data: August building permits , home loans both up m/m
The m/m building permits data is encouraging, but the poor y/y trend takes much of the shine off. Australia job advertisements dipped 0.1% m/m in September. Despite being down that's not too bad a result given the strong growth in August.for the y/y -8.2% Job ads are...
Goldman Sachs baseline forecast is that the Fed, ECB, BoE will hold rates until late 2024
Goldman Sachs note on their economic outlook:Global Views: A Pothole, Not a Ditch We expect a pothole for US GDP growth in Q4—even if a government shutdown is ultimately averted—given factors including the student loan payment restart, the autoworker strike, higher...
RBA policy announcement due Tuesday, 3 October 2023 – preview
The Reserve Bank of Australia statement is due at 2.30pm Sydney time:0330 GMT, 2330 US Eastern timeVia ANZ:We expect another hawkish pause. The post-meeting statement will likely note the labour market is still tight but easing and that inflation remains too high. We...
More from Fed’s Mester: Will keep rates restrictive to get inflation down
Federal Reserve Bank of Cleveland President Loretta Mester speaks on her economic outlook before the 50 Club of Cleveland Monthly Meeting.Earlier:From the Q&A now:Fed will keep rates restrictive to get inflation downHigher rates are needed to make sure the...
Fed’s Mester says its likely the FOMC will need to raise rates one more time this year
Federal Reserve Bank of Cleveland President Loretta Mester speaks on her economic outlook before the 50 Club of Cleveland Monthly Meeting. Monetary policy path depends on how economy performsFed will likely need to hike rates one more time this yearEconomy on ‘good...
UK data – BRC shop price inflation 6.2% y/y in September (vs. 6.9% in August)
British Retail Consortium data for UK shop price inflation, its dropped to its lowest in a year at 6.2% y/y prior 6.9%6.2% is the lowest since September of 2022Via Reuters:"We expect shop price inflation to continue to fall over the rest of the year," BRC Chief...
Goldman’s: China’s oil demand oil supported by record internal mobility, & is sustainable
Goldman Sachs says demand in China for many major commodities has been growing at what they refer to as 'robust rates', ahead of their earlier forecasts. China’s demand for copper has risen 8% y/yfor iron ore +7% y/yfor oil +6% y/y More:“The improvement in...
BoA have hiked their forecasts for Japanese inflation – core CPI above 2% through 2025
Yesterday we had Japanese firms forecasting above-target inflation out for 5 years:BoA, too, has been busy raising their inflation forecasts for Japan. Core-core to stay above 2% through 2025 (core-core is the Japanese measure of CPI excluding fresh food and energy...
Australian Weekly ANZ Roy Morgan Consumer Confidence survey 78.2 (prior 76.4)
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,...