Bank of Japan monetary policy board member Nakagawa: Appropriate to maintain easy monetary policy for time beingSigns of change seen in Japan's corporate price, wage-setting behaviourStill not at stage where we can say japan has stably, sustainably achieved BOJ’s...
Australian data: July Exports -2% m/m (prior -2%) & Imports +3% m/m (prior -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,...
PBOC sets USD/ CNY mid-point today at 7.1986 (vs. estimate at 7.3121)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
USD/JPY hits a 10-month high above 147.85
USD/JPY is extending its gains in Asia morning trade. Data overnight from the US sent yields higher again, the spread between the US and Japan has been, and continues to be, a driver of the higher USD/JPY. Continued strong US data argues for a 'higher for longer'...
[11일부터~전국민 대상!! 최대 27만원 지원!! 1인 20~4만원!! 추석 연휴 대박 혜택??]#3.1경제독립tv
https://www.youtube.com/watch?v=UER_0PhjNv8 [11일부터~전국민 대상!! 최대 27만원 지원!! 1인 20~4만원!! 추석 연휴 대박 혜택??]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다...
PBOC is expected to set the USD/CNY reference rate at 7.3121 – 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...
Magnitude 6.2 Earthquake just off the coast near Coquimbo, Chile
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 government set to announce a fresh economic stimulus package in October
Japanese media (Kyodo news agency) carried the report overnight. In summary:Japanese government set to announce a fresh economic stimulus package in OctoberAiming it to support wage hikes by firms and mitigate energy billsPM Kishida will order up a draft package by...
Here’s why the beat on ISM Services PMI on Wednesday had such an outsized impact on mkts
The ISM Services PMI was in the spotlight:And it didn't disappoint:Yes, 54.5 was a big beat of the consensus, but of even more impact was the fact that it beat the highest estimate made by analysts heading into the release. The range was 51.1 to 53.9, so the 54.5 was...
Bank of Japan monetary policy board member Nakagawa is speaking soon (0130 GMT)
Coming up at 0130 GMT, 2130 US Eastern time, Bank of Japan board member Junko Nakagawa to deliver a speech and hold a news conference later. The last time we heard from her was back in February if memory (and Google) serves.Links here:There has been a lot of water...
Goldman Sachs on the FOMC hurdle if they pause in November too. Rate cuts from Q2 2024
Goldman Sachs are with most in the market in expecting the Federal Open Market Committee (FOMC) to leave the fed Funds rate unchanged at the September meeting. November is the meeting after this and that one is more complicated for the Fed. GS say that another skip in...
The US Senate has voted to give Lisa Cook a 14 year term at the Fed
Lisa Cook has been confirmed as a Federal Reserve Governor. Lisa Cook---Background to the Federal Reserve Board of Governors, the governing body that oversees the Federal Reserve System, the US central bank.The Board is composed of seven membersMembers are by the US...
Goldman Sachs on the US equities’ current “good news is bad news narrative”
After better economic data once again from the US:US equity indexes sold off:Dow Jones Industrial Average -198 points (-0.57%)S&P 500 - 0.7%Nasdaq Composite -1.06%Treasury yields climbed, yield on the 2-year Treasury note was up about 6 basis points last I saw,...
Deutsche Bank’s assessment is that “A US recession remains more likely than not.”
Deutsche Bank think a US recession is more likely than the hoped-for "soft landing", citing the risk the Federal Open Market Committee (FOMC) tightening interest rates too much. "Given that inflation peaked significantly above target, the Fed should err on the side of...
Bank of Canada left 5% overnight rate unchanged, RBC expect it’ll stay there through 2023
The decision was expected by markets:From RBC's response, analysts at the bank note that while headline CPI has slowed, the BoC's preferred core measure remains persistently above the 2% target. Inflation is likely to gain in the near term: Wage growth is still...
UBS forecasts the S&P 500 to as high as 4700
S&P 500 forecasts from analysts at UBS:in Q4 the index will remain rangebound, hitting 4500 by the end of 20234700 by June of 2024UBS say that:resumption of student loan paymentsa cooling labour marketthat will both weigh on economic growth.On profit expectations...
US to cancel Alaska oil, gas leases issued in a federal wildlife refuge under Trump
Info comes via Reuters reporting on a decision by the US Interior Department.said it would cancel oil and gas leases in a federal wildlife refuge that were bought by an Alaska state development agency in the final days of former President Donald Trump's administration...
Private oil survey data shows larger than expected draw for the headline crude number
The inventory data from the private survey is out now, official data (usually) comes out on Wednesday morning (US time), but this week due to the holiday Monday it'll be Thursday morning.--Expectations I had seen centred on:Headline crude -2.1 mn barrelsDistillates...
Economic calendar in Asia 07 September 2023 – China trade data, RBA Gov Lowe speaking
Chinese trade data for August is due today. Its listed at 0300 GMT but that time is variable for this data point, any time around there is a good bet. The July trade data was awful, both imports and exports fell. We had a special guest poster covering that last...
Trade ideas thread – Thursday, 7 September 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,...