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Oil is priced in US dollars, which has been on the rise for weeks, which makes oil's super-strong performance even more impressive.Its on the rise again in Asia following a solid performance on Wednesday:There is no fresh news catalyst spurring on the rise. The...

Hong Kong exchange says trading of shares in the firm has been suspended. Comes after reports that its chairman had been placed under police surveillance.Suspended:EvergrandeEvergrande Property ServicesEvergrande New Energy VehicleErrr, Tom, there is noneMoneyMaker FX...

China's begins its 10-day holiday tomorrow. Friday, 29 September is the first day off and the break continues all next week: However, coming up this weekend are the official PMIs for September:Both the manufacturing and non-manufacturing are expected to show...

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,...

Comments on wariness over Bank of Japan intervention via Mizuho:It would be unwise to project the BoJ’s restraint on premature tightening as a green light for aggressively shorting the JPY. Intervention risks are clear and presentthe MoF is intent on keeping...

UK car output slipped in August from a year earlier, snapping a six-month growth streak-9.7% y/y in August according to data from the Society of Motor Manufacturers and Traders (SMMT)The lower result is attributed to manufacturers pausing production to prepare for a...

Australian retail sales date for August is due today. Earlier post:Via CBA, citing their proprietary data for their lower-than-consensus estimate:Retail trade rose by 0.5% in July, buoyed by spending around the FIFA Women’s World Cup, and following a 0.7% decline in...

Australian retail sales data for August is due today at 0130 GMT, which is 8.30pm US Eastern time:While the consensus is +0.3%, the range of estimates is wide at:-0.1% to +1.0% While the screenshot highlights the data as of high importance I'm not sure the release...

That's A LOT of cars! Hyundai and Kia are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires:say that internal brake fluid leaks can cause an electrical short that could lead to a fireThe US National Highway Traffic Safety...

Chair of the Council of Economic Advisers, i.e. the White House economic adviser, Jared Bernstein: US economy facing headwinds from:possible shutdown, student debt restart, higher interest rates, UAW strike--US economy expected to keep going in 'a pretty good way'...

North Korean state media reporting on a speech from Kim Jong Un. The report says Kim's speech was given at the Supreme People's Assembly. At the gathering the rubber-stamp parliament has adopted an amendment to the constitution to formulate the country's policy on...

Nomura bumped its forecast for 2023 economic growth in China higher, to 4.8% from previously at 4.6%.Bank of America have dialled back the pessimism on China also. They have been touting improving domestic and investment demand and have now spotted a 'green shoot' in...

I posted yesterday on GS on the likelihood of multiple shutdowns ahead:The latest from GS is that they see the first shutdown as imminent:"A shutdown this year has looked likely for several months, and we now think the odds have risen to 90%” the most likely scenario...

The US dollar index (DXY) is closing at the highest levels in 10 months (end of November 2022). The dollar has risen 5 of the last 6 trading days. The biggest gainer for the USD was versus the AUD with a rise of 0.72%. The EUR (0.63%) and CHF (0.62%) were also solidly...

The major US indices are closing the session with mixed results in what was an up and down trading day. A snapshot of the closing levels shows:Dow industrial average -68.56 points or -0.20% at 33550.33S&P index rose 0.99 points or +0.02% at 4274.53NASDAQ index...