The September report here was encouraging but all it did was help to reaffirm a 25 bps rate cut earlier this month. The BOE will next meet on 19 December and there will be two inflation reports between now and then. The first of which...
There are just a couple to take note of on the day, as highlighted in bold. They are for EUR/USD at the 1.0540 and 1.0620 levels. The former isn't one that holds much technical significance so I wouldn't bet on it to come into play,...
Federal Reserve speeches on Wednesday from Cook, Collins, Barr, Bowman Barclays forecast GBP/USD to 1.30 and EUR/GBP to 0.80 over the coming quarters Kyle Bass says China setting up for a Taiwan invasion Chinese mutual fund houses...
Cook and Collins look likely to be the most pertinent for traders: Times below are in GMT_US Eastern time format: 1500_ 000 Federal Reserve Vice Chair for Supervision Michael Barr testifies on oversight of prudential regulators before...
This is via the folks at eFX. ** Synopsis: Barclays remains optimistic on GBP, forecasting a rise in GBP/USD to 1.30 and a decline in EUR/GBP to 0.80 over the coming quarters. The outlook is supported by structural improvements, fiscal...
CIO of Hayman Capital Management Kyle Bass on what he sees as the implication of China cutting internet cables. Referring to this from earlier: ICYMI - Chinese vessel spotted where Baltic Sea cables were severed This article was written...
Bloomberg (gated) with the info - in brief: Chinese mutual fund companies, including China Asset Management Co. and E Fund Management Co., are cutting management fees on equity ETFs from 0.5% to 0.15% and halving custodian fees to 0.05%....
The data from earlier in the session is here: Japan October trade balance -461bn yen (expected -360bn yen) Exports rose 3.1% y/y in October, beating expectations of a 2.2% rise and a reversal from the -1.7% fall seen in September....
1130 GMT/0430 US Eastern time - Bank of Spain governor, José Luis Escriva, to speak about the economic impact of last month deadly floods in eastern region of Valencia 1300 GMT/0800 US Eastern time - Welcome address by ECB President...
1600 GMT/1100 US Eastern time - Bank of England Deputy Governor Dave Ramsden speech on monetary policy at the University of Leeds Ramsden is the Deputy Governor for Markets and Banking. He is responsible for oversight of Markets,...
Treasurer Jim Chalmers has delivered his Ministeral Statement on the Economy. In summary Chalmers pointed to Australia facing a more challenging fiscal outlook as key trading partner China cools and the local job market loosens tumbling...
A note from Nomura argues that: Asia is better prepared for Trump’s second presidency, but a larger economic growth drag and disinflation now look more likely in 2025. Main points: Higher tariffs, weaker global demand and more policy...
China left benchmark lending rates unchanged today , in line with market expectations: one-year loan prime rate (LPR) kept at 3.1% five-year LPR unchanged at 3.6% China widely expected to keep benchmark lending rates unchanged this week...
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...
A snippet from the Wall Street Journal on the lower yen in Tokyo trade so far today./ In brief: yen weakens Japanese authorities’ verbal warnings appear to be losing effectiveness Citing CBA analysts: Market reaction to Japanese Finance...
China Loan Prime Rate 5 year 3.60% expected 3.60%, prior 3.60% 1 year 3.10% expected 3.10%, prior 3.10% This article was written by Eamonn Sheridan at www.forexlive.com.
JP Morgan US economic outlook for next year, in breif There are now upside risks to growth from deregulation and tax cutting and downside risks from tariffs and general policy uncertainty But one shouldn't lose sight of the business...
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...
Reuters with this interesting piece: Britain's official labour market statistics may be failing to count almost 1 million people who are in work might also be overestimating the number of workers who have dropped out of the jobs market...
Westpac Leading Index, in brief: Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October. This provides a tentative signal that growth momentum is set to improve from its current nadir. Improvements...
Japan trade data for October 2024 Japan exports to: EU -11.3% y/y US -6.2% y/y China +1.5% y/y Asia +7.6% y/y Improving exports will be welcomed by Japanese authorities. This article was written by Eamonn Sheridan at www.forexlive.com.
Trump is still still pondering his choice to be Treasury Secretary. Former Federal Reserve Governor Kevin Warsh looks to be the the favorite in the betting market. Warsh has been critical of both government spending and the Fed’s...
A note from TD argues that U.S. debt levels are poised to surge, raising long-term concerns for Treasury markets. TD analysts say that the U.S. federal government's structural deficits are projected to drive its debt-to-GDP ratio to 100%...
Coindesk reporting: The Trump transition team is considering Teresa Goody Guillén, partner at law firm BakerHostetler and co-lead of its blockchain team, among several candidates to become the next SEC chair, industry sources said. Goody...
Via an RBC Wealth Management note, says despite the trend higher in the US 10 year Treasury yield stocks have further upside. investors and the media focus on the implications of the US election and cabinet postings we continue to view...
Trump’s win has changed the outlook for the economy and inflation. Data on US inflation revealed that price pressures increased as expected. US sales jumped more than expected. The USD/CAD weekly forecast remains bright, with the US...
Trump’s policies will likely boost economic growth and inflation. The Fed might be forced to keep rates at a restrictive level longer. The UK economy unexpectedly contracted. The GBP/USD weekly forecast is bleak as the pound collapses...
On Friday, the Canadian stock market faced significant declines, primarily impacted by setbacks in the energy, industrial, and materials sectors, amidst prevailing uncertainties regarding the Federal Reserve's interest rate direction....
Following a period of pressure during Thursday's trading, stocks experienced a notable decline on Friday, with major indices retreating sharply and distancing themselves from Monday's record-closing highs. Despite recovering slightly...
In a measured pause amidst fluctuating global currency markets, the Commodity Futures Trading Commission (CFTC) reported no change in the NZD speculative net positions for New Zealand, holding steady at -8.2K. This data, updated on the...
According to the latest update from the Commodity Futures Trading Commission (CFTC), the Japanese Yen (JPY) speculative net positions have exhibited no change, maintaining their previous level. As of November 15, 2024, the positions...
In a recent update from the Commodity Futures Trading Commission (CFTC), the speculative net positions of the Brazilian Real (BRL) have remained unchanged. As of November 15, 2024, the net positions stand at -12.5K, the same level...
In a recent report, the Commodity Futures Trading Commission (CFTC) noted that the speculative net positions for the Australian Dollar (AUD) have remained stable. As of November 15, 2024, the figure continues to stand at 31.0K, identical...
In an update released on November 15, 2024, the Commodity Futures Trading Commission (CFTC) reported that Swiss Franc (CHF) speculative net positions have remained stable, holding steady at -30.0K. This is the same figure that was...
In a recent update released on November 15, 2024, the Commodity Futures Trading Commission (CFTC) reported that speculative net positions in the Mexican Peso (MXN) remained static. The latest figures indicate that the net positions have...
In an update that underscores a stable trading environment for the Canadian dollar, the Commodity Futures Trading Commission (CFTC) reported that the CAD speculative net positions remain unchanged. As of November 15, 2024, the indicator...
As of November 15, 2024, the Commodity Futures Trading Commission (CFTC) released its latest data on speculative net positions in the U.S. wheat market. The figures reveal a stabilization, with the wheat speculative net positions holding...
In a recent data release from the U.S. Commodity Futures Trading Commission (CFTC), the speculative net positions for soybeans have remained unchanged at -89.0K. The report, updated on November 15, 2024, reflects a steady period in the...
In the latest report released on November 15, 2024, the U.S. Commodity Futures Trading Commission (CFTC) announced that silver speculative net positions have remained unchanged, holding steady at 53.3K. This marks a period of stability...
The Commodity Futures Trading Commission (CFTC) has reported that speculative net positions on the S&P 500 have remained unchanged, holding steady at 113.4K as of November 15, 2024. This stabilization follows the same figure reported in...
In an intriguing development, the Commodity Futures Trading Commission (CFTC) reported that speculative net positions in natural gas have remained unchanged as of November 15, 2024. This steadiness in indicators is a rare occurrence,...
The latest data from the Commodity Futures Trading Commission (CFTC) reveals that the speculative net positions in the Nasdaq 100 have remained unchanged for the time being. As of November 15, 2024, the indicator stayed steady at 16.1K,...
In the latest update from the United States Commodity Futures Trading Commission (CFTC), gold speculative net positions have remained unchanged, sustaining a steady position at 255.3K. This marks a continuation from the previous report,...
On November 15, 2024, the latest report from the U.S. Commodity Futures Trading Commission (CFTC) revealed an unchanged landscape in crude oil speculative net positions. The indicator remained steady at 196.1K, mirroring the figure from...
The Commodity Futures Trading Commission (CFTC) has revealed the latest data on corn speculative net positions, marking no change for the period ending 15 November 2024. The current indicator stands firm at 102.6K, maintaining the same...
In a notable development for commodities traders and market analysts, the Commodity Futures Trading Commission (CFTC) has released its latest data on copper speculative net positions, showing no change from previous levels. As of the...
In the latest update from the Commodity Futures Trading Commission (CFTC) on November 15, 2024, aluminium speculative net positions in the United States maintained their stagnancy at 3.1K, matching the previous report's figure. This...
In a surprising development, the Commodity Futures Trading Commission (CFTC) has reported that EUR speculative net positions have remained stagnant at -21.7K for the Euro Zone, marking no change since the last update. The data, updated...
The Commodity Futures Trading Commission (CFTC) reported that the speculative net positions for the British Pound (GBP) have remained unchanged, holding steady at 45.1K as of the latest update on November 15, 2024. This stability signals...
Treasuries faced early selling pressure on Friday, yet managed to recover throughout the day. Initially, bond prices fell, but later regained stability, closing the session nearly unchanged. As a result, the yield on the benchmark...