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,...
PBOC is expected to set the USD/CNY reference rate at 7.3327 – 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...
IMF tells the RBA to hike interest rates higher, and hold ’em high for longer
International Monetary Fund (IMF) issued its annual report into the Australian economy. It warned that although inflation was easing, it was still too high. The IMF urged the RBA to hike rates: “Although inflation is gradually declining, it remains significantly above...
“BoJ will leave interest rates on hold until Q2 2024 at the earliest”
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,...
USD/JPY a little lower after verbal intervention from Japan – Suzuki, Kanda
Suzuki didn't have much to say:But he unleashed his attack-underling 'Mr. Yen' Kanda:Interestingly Kanda said he didn't intervene in the yen last month, Justin broke this yesterday:Hat's off to Japanese authorities, they managed to hold USD/JPY around 150 for weeks...
Japan’s Mr Yen Kanda says concerned about one-sided sharp FX moves
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 Muller says inflation will continue to fall over the coming two years
Bank of Estonia Governor, and member of the European Central Bank Governing Council, Madis Müller had comments reported overnight.They didn't differ a lot from what he said back in Friday, along the lines that:inflation in the euro area is clearly coming...
Japan finance minister Suzuki has no comment on the weak yen
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,...
China says it will set up a system to resolve its local government debt risks
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,...
Australian final manufacturing PMI for October: 48.2 (prior 48.7)
Flash Judo Bank / S&P Global October PMI reading is here:Warren Hogan, Chief Economic Advisor at Judo Bank commentary from the report, in summary:The slight decline in the PMI index to 48.2 masks a more profound fall in the key output and new orders indexes. The...
New Zealand Q3 unemployment rate 3.9% (vs. 3.9% expected)
NZD/USD is down a few tics after the data, not a lot of change.The wages data is not indicative of a wage-price spiral in New Zealand, as such it'll not trouble the RBNZ too much. At the margin the data trims the chance of an RBNZ rate hike. The Bank has given no...
JP Morgan says full impact of Federal Reserve rate hikes still to hit
The Federal Open Market Committee (FOMC) statement is due Wednesday (at 1800 GMT, 1400 US Eastern time).Ahead of that, remarks from JPMorgan chief global equity strategist on the rate hikes so far: “I think there’s just a lag effect” “And this time around in this...
Forexlive Americas FX news wrap 31 Oct: One more day for the Fed decision. Goodbye Oct.
The month of October is behind us and for the 3rd consecutive month stocks moved lower. This month the Dow fell -1.36%S&P fell -2.20%Nasdaq fell -2.78%The US 10-year moved up for the 6th consecutive month. Over that time period, the yield has moved from 3.428% to...
US Sec State Blinken arrives in Israel on Friday, to meet PM Netanyahu, other officials
Secretary of State Blinken will arrive in Israel on FridayHe'll have meeting with Prime Minister Netanyahu and other Israeli officials.Info via US politics site Axios.Blinken's visit comes amdist speculation of a couple of scenatriosd:US and Israel exploring options...
Oil – private survey of inventory shows headline crude build near what was expected
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,...
Economic calendar in Asia Wednesday, 1 November 2023 – another China PMI due
The Q3 New Zealand jobs report kicks off the data agenda, with RBNZ Governor Orr speaking soon after. I have Orr speaking on Friday also. And then the second manufacturing PMI from China for October. The first is here, and what a disappointment it was:China has two...
Trade ideas thread – Wednesday, 1 November 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,...
US stocks close higher for the 2nd consecutive day this week
The major US stock indices closed higher for the 2nd consecutive day this week, but the month of October was bleak for the major indices. The final numbers for the day are showing:Dow industrial average up 123.78 points or 0.38% at 33052.75S&P index up 26.98...
Goldman Sachs sees Brent crude oil prices to USD100/bbl by June as stocks ‘descend gently’
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,...
RBNZ Financial Stability report flags dairy prices, labour market as risks
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,...