This sums up the situation in markets right now: Risk stays on the defensive ahead of European tradingIt's all about the panic and anxiety surrounding the situation in the Middle East but as always in times like these, I tend to think about the idea of buying value,...
US’ Schumer says disappointed by China’s lack of support towards Israel situation
Schumer says that he is "disappointed by China's statement that showed no sympathy or support for Israel during these troubled times". Meanwhile, Wang Yi is responding to that by saying that he "hopes US can see China in a more objective way and manage existing...
Risk stays on the defensive ahead of European trading
It's been quite a while since geopolitics, or in this case an outright war, in the Middle East stole the spotlight in markets. But that is the case today as the world is honed in on the Hamas attacks on Israel on Saturday. That is seeing markets adopt a more risk-off...
Hong Kong Exchange will begin the afternoon trading session at 2.00 pm local time
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,...
ForexLive Asia-Pacific FX news wrap: Oil higher after murderous attack on Israel
Federal Reserve officials speaking today include Logan, Barr and vice chair JeffersonECB speakers coming up Monday include Knot, de Cos, de Guindos, and more.US earthquake - Seattle buildings swayingBank of England Monetary Policy Committee member Mann speaking on...
Federal Reserve officials speaking today include Logan, Barr and vice chair Jefferson
Both Logan and Jefferson look to be of most interest for trades - both will address economic and policy issues. 1300 GMT/0900 US Eastern time: Federal Reserve Bank of Dallas President Lorie Logan speaks on the U.S. outlook and monetary policy before the hybrid...
ECB speakers coming up Monday include Knot, de Cos, de Guindos, and more.
0800 GMT/0400 US Eastern time: ECB vice president Luis de Guindos and Bank of Spain´s governor Pablo Hernández de Cos to take part in financial meeting in Madrid0815 GMT/0415 US Eastern time: ECB Governing Council member and Bank of Portugal Governor Mario Centeno...
US earthquake – Seattle buildings swaying
> US earthquake - Seattle buildings swaying <!--> --> <!--> --> Magnitude 4.53 km SW of Marrowstone, Washington statedepth 55kmmore to come ADVERTISEMENT - CONTINUE READING BELOW <!--> Tags --> ADVERTISEMENT - CONTINUE READING BELOW...
Bank of England Monetary Policy Committee member Mann speaking on inflation Monday 9 Oct.
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 (partial) market holiday on Monday, 9 October 2023 – Columbus Day
Its the Columbus Day U.S. federal holiday, commemorating explorer Christopher Columbus' landing in the New World on October 12, 1492.AKA Indigenous Peoples’ Day, which recognizes the contributions and legacy of those who lived in the country long before.US stock...
US autoworkers to go on strike at Volvo Group-owned Mack Trucks
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 reference rate for today at 7.1789 (vs. estimate at 7.2945)
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...
Monday morning trade in securities and derivatives has been cancelled in Hong Kong
Trade was delayed as posted earlier:The morning trading session has been suspended given the typhoon signal given by the HK Observatory remained at 8 at 9 a.m. Hong Kong time (0100 GMT). The stock market will be shut for the rest of the day if a signal 8 is still in...
PBOC is expected to set the USD/CNY reference rate at 7.2945 – Reuters estimate
China is back from its week-long holiday today.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...
Japan likely won’t intervene to reverse yen downtrend – Japan ex-top FX diplomat
Japan former top currency diplomat Naoyuki Shinohara spoke with Reuters. Highlights:Japan likely won't seek to reverse the yen's downtrend with exchange-rate intervention as recent falls reflect economic fundamentals, former top currency diplomat Naoyuki Shinohara...
Israel massing 100,000 troops in southern Israel to neutralize Hamas’ military facilities
Statement from an Israeli Defense Force spokeperson to the effect that Israel is amassing 100,000 troops, tanks and more in southern Israel. The aim is to take away all military capabilities from Hamas. Once that's done move so that Hamas will no longer be governing...
Australia agreed to ensure a stable supply of energy resources such as LNG, coal to Japan
Japan's Economy, Trade and Industry Minister Yasutoshi Nishimura met in Melbourne with his Australian counterpart Don Farrell for the fifth Japan-Australia Ministerial Economic Dialogue. They were joined by Climate Change and Energy Minister Chris Bowen and Resources...
Trading Hong Kong markets has been delayed due to Typhoon Koinu
Monday morning trade in securities and derivatives has been delayed on Hong KongHong Kong stock exchange delayed trading due to Typhoon KoinuHong Kong Observatory said storm signal No. 8, would remain in force before 11 am (0300 GMT) while the Rainstorm Warning Signal...
Workers at Chevron’s two LNG in Western Australia voted to restart strikes on Friday
Chevron says its continuing to work to draft an agreement based on recommendations a couple of weeks ago:The latest is that workers at Chevron's two liquefied natural gas facilities in Western Australia voted to restart strikes on Friday.“It’s disappointing but hardly...
Gold update – higher after the Hamas weekend attack on Israel
ICYMI:More:Oil is up on supply concerns (there are market dynamics playing out also of course, part of the reason for the jump in price is short covering and longs either holding (not selling) or more longs getting in looking for further price gains).Gold is up in...