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 system that allows the value of the yuan to fluctuate within a certain...
US inflation (January PCE) data due Friday – the critical market moving ranges to watch
Due on Friday at 0830 US Eastern time (0130 GMT), the Core PCE data is the focus. The Personal Consumption Expenditures (PCE) data is a key measure of inflation that tracks changes in the prices of goods and services purchased by consumers. It is reported monthly by...
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Australian Private Sector Credit (January 2025) +0.5% m/m (prior + 0.6%)
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 has hit a session low, swings from a high above 150.10 to under 149.60
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,...
UK firms became more optimistic in February, snapping a seven-month losing streak
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 7.2873 – 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...
BoJ’s Uchida says Japan’s economy on a moderate recovery path – some weak spots
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,...
Japan January preliminary industrial output-1.1% m/m (vs. expected -1.2%)
Japan January industrial output -1.1% m/m expected -1.2%, prior -0.2%for the y/y its +2.6%expected -1.2%, prior +1.6%Manufacturers forecast for 1 month ahead, February, is +5.0%prior +1.0%for 2 months ahead, March, -2.0% prior -1.2%The data of focus so far from Japan...
Japan January retail sales +3.9% y/y (expected +4.0%)
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,...
Tokyo February headline CPI +2.9% y/y vs. +3.2% expected
USD/JPY jumping on this. Inflation undershooting estimates and also the prior month's readings.Tokyo CPI +2.9% y/yexpected 3.2%, prior +3.4%CPI excl fresh food +2.2%expected 2.3%, prior 2.5%CPI excl food and energy +1.9%expected +2.0%, prior +1.9% USD/JPY marked...
ICYMI – OPEC+ is hesitant on going ahead with planned April oil output hike
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,...
ICYMI – Japanese labour unions push for record wage hike amid rising costs
Various reports of this about, from Japanese and other media. In summary:A leading Japanese labour union group representing major manufacturers has called for an unprecedented increase in base salaries this year, driven by mounting living costs and last year’s strong...
New Zealand, ANZ-Roy Morgan Consumer Confidence rose a little to 96.6 in February
Data from New Zealand, ANZ-Roy Morgan Consumer ConfidenceIt rose a little, to 96.6 in Februaryprior 96 evenANZ:proportion of households thinking it’s a good time to buy a major household item, the best retail indicator, lifted 1 point to -15inflation expectations were...
OpenAI’s Sam Altman says will add tens of thousands of GPUs next week
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Economic calendar in Asia Friday, February 28, 2025 – Japan inflation indicator due
If you are all done trashing stocks, here is what's on the data agenda here during the Asian session for Friday, February 28, 2025. Tokyo CPI is the focus, I've a bit of an explainer on how this differs from the national CPI below the screenshot. The full national...
Trade ideas thread – Friday, 28 February, insightful charts, technical analysis, ideas
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Fed’s Harker drops a rate hike hint bombshell – ‘could move in either direction’
Federal Reserve Bank of Philadelphia President Patrick Harker is not ruling out a rate hike.I posted his comments here:Since the post went up I have a added in a few more of his comments, as he continues to speak.Notable is this:We should not take any action off the...
US Bessent says open to the idea that other countries tariffs could come down or go away
US Treasury Secretary Bessent:Open to the idea that other countries' tariffs could come down or go away. Ukraine critical minerals deal is done, there is no more negotiation on that. Ukraine deal covers critical minerals, oil and gas, and infrastructure assets....
Fed’s Harker indicates the Fed Funds rate is going to be staying on hold
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