Chirag Doshi's bond strategy for FY26: What should investors do?
Monday, March 24,2025,00:41
Chirag Doshi, CIO-Fixed Income at LGT Wealth India, suggests investing in medium to long-duration government bonds due to expected RBI rate cuts. He recommends a diversified portfolio with a mix of government, state development, and high-rated corporate bonds for balanced yield stability. Doshi advises flexibility to capitalize on capital appreciation opportunities presented by the current market conditions. .. read more..
ForexLive Asia-Pacific FX news wrap: White House says scaling back April 2 ta...
Sunday, March 23,2025,23:50
Bank of England Governor Bailey speaks Monday, March 24, 2025: "Growth in the UK Economy" Barclays says further PBOC easing is becoming increasingly unavoidable The chair of UK investment bank Cavendish has proposed a tax on cryptocurrency purchases Copper prices supported by by expectations of a tighter global supply Nomura like lower for yen crosses - particularly short CHF/JPY and GBP/JPY Malaysia is preparing to tighten its oversight of semiconductor exports to China Gold Analysis Today Ant Group has developed AI models using Chinese-made chips, reducing training costs Morgan Stanley raises its 2025 GDP growth forecast for China by 50 bps to 4.5% Bank of Japan Governor Ueda: Have been... .. read more..
Copper prices supported by by expectations of a tighter global supply
Sunday, March 23,2025,23:07
Westpac with the analysis. In brief: copper prices supported by by expectations of a tighter global supply U.S. copper premiums have jumped to 14% above London Metal Exchange prices, driven by the potential for 25% tariffs on the metal later this year has triggered a rush of copper shipments to the U.S. could result in supply shortages elsewhere in the global market This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Malaysia is preparing to tighten its oversight of semiconductor exports to China
Sunday, March 23,2025,22:43
Malaysia is preparing to tighten its oversight of semiconductor exports, particularly shipments of high-end Nvidia AI chips, in response to U.S. pressure to prevent illicit flows to China. Trade Minister Zafrul Aziz said the U.S. has asked Malaysia to ensure chips only reach approved data centres, in line with Washington’s broader export controls aimed at restricting China’s access to advanced technology. The move follows rising concerns over illegal rerouting of chips, highlighted by a recent $390 million fraud case in Singapore involving Nvidia chips believed to have passed through Malaysia. As a growing data centre hub attracting over $25 billion in investments from tech giants like Nv... .. read more..
$2.69 trillion and counting: How India’s bond market is powering a $8T future
Sunday, March 23,2025,22:32
India aims to reach a US$7-8 trillion economy within five years, driven by its bond markets currently valued at US$2.69 trillion. Corporate bonds play a significant role, reflecting a shift towards debt-driven financing. Despite growth, India's bond market still lags behind developed economies. .. read more..
Ant Group has developed AI models using Chinese-made chips, reducing training...
Sunday, March 23,2025,22:29
Ant Group has developed AI models using Chinese-made chips from firms like Alibaba and Huawei, reducing training costs by around 20%, according to sources. The company used a Mixture of Experts (MoE) approach, achieving performance close to Nvidia’s restricted H800 chips. While Ant still uses some Nvidia and AMD hardware, it is increasingly turning to domestic alternatives. This shift reflects China’s broader effort to build AI capabilities with local hardware in response to U.S. export controls. Ant claims its models have even outperformed Meta’s in certain benchmarks, though these results have not been independently verified. MoE models, known for their efficiency, are also being adopte... .. read more..
Morgan Stanley raises its 2025 GDP growth forecast for China by 50 bps to 4.5%
Sunday, March 23,2025,22:26
Morgan Stanley raises its 2025 GDP growth forecast for China by 50 bps to 4.5% This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Japan finmin Kato: Will take appropriate action against excessive moves
Sunday, March 23,2025,21:48
Japan finmin Kato: Important for currencies to move in stable manner reflecting fundamentals Will take appropriate action against excessive moves Kato's comments come as the yen is seeing another bout of weakness on the day: The above is an hourly candle chart showing USD/JPY just under 150.00. That's well loweeer than it shighs early thins year around 158. This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
South Korea's Constitutional Court dismisses impeachment of prime minister
Sunday, March 23,2025,21:13
Yonhap reporting South Korea's Constitutional Court striked down the impeachment motion against Prime Minister Han Duck-soo Restores his powers Han took over as acting leader from President Yoon Suk Yeol, who was himself impeached over his short-lived declaration of martial law last year. Prime Minister Han lasted less than two weeks in the post Was impeached and suspended on December 27 This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Greenko, Muthoot Finance raise $1.2-billion debt overseas
Sunday, March 23,2025,20:48
Renewable energy firm Greenko Energy Holdings raised around $1 billion from investors, while Muthoot Finance raised $250 million. Greenko's bond was priced at 7.25%, tighter than the initial 7.62% target. The bond, issued under a dual Reg S and Reg S 144A structure, is backed by Greenko Wind Projects (Mauritius) and drew over $3 billion in investor interest. However, the company opted to retain $1 billion, according to two sources. .. read more..
Japan Manufacturing PMI Weakens Further In March - Jibun
Sunday, March 23,2025,20:36
The manufacturing sector in Japan continued to contract in March, and at a faster pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 48.3. .. read more..
US equities higher, AUD, EUR, GBP all higher also - why is the risk+ news bei...
Sunday, March 23,2025,20:31
The White House announced, just before Globex opened, that Trump's April 2 tariffs would be narrowed down. Here's the info that I posted on this, well before the Globes open and the move began in FX: White House is narrowing its approach to April 2 tariffs set - likely omitting a set I followed up: Risk trade jumps - Globex open, stock futures higher. Here's why ICYMI. The Wall Street Journal was the original source. Its gated, but if you can access it, here's the link to the Journal piece I am not seeing much discussion of this market-moving news crossing the mainstream financial news wires, nor many social media finance sites. Some have it, sure, but its moving markets here today and I'... .. read more..
Japan flash March manufacturing PMI 48.3 (prior 49.0)
Sunday, March 23,2025,20:31
Japan Jibun Bank PMI Manufacturing March 2025 Preliminary: 48.3, falling at the quickest pace for a year. prior 49.0 Services: 49.5 prior 53.7 Composite: 48.5 prior 52.0 From the report: The March Flash PMI data indicated that Japanese firms had a disappointing end to Q1, with private sector business activity falling for the first time since last October. slight drop in composite new business firms noting that strong inflationary pressure had dampened sales and made some customers hesitant to commit to orders Growth of new business slowed notably at services companies and fell solidly at goods producers New export orders increased slightly at the composite level, however, as a strong rise... .. read more..
ICYMI - China is considering joining the potential peacekeeping mission for U...
Sunday, March 23,2025,20:15
China is considering joining the potential peacekeeping mission for Ukraine being spearheaded by European leaders German newspaper Welt reported on Saturday. China’s participation in the mission “could potentially increase Russia's acceptance of peacekeeping forces in Ukraine,” EU diplomats said This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Toyota to postpone its plan to build lithium-ion battery factory in Fukuoka
Sunday, March 23,2025,19:33
Asahi (Japanese media outlet) with the report: Toyota to postpone its plan to build lithium-ion battery factory in Fukuoka Toyota cite slowing EV demand I wonder if BYD crushing the EV market entered into consideration? This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
FX positioning info - Net speculative EUR longs surged in a sharp rise from p...
Sunday, March 23,2025,19:07
This is a snapshot of speculative positioning in major currencies from traders in the futures market, reported weekly by the CFTC through the IMM (International Monetary Market). EUR: Net speculative long positions in the euro surged to 59,425 contracts, a sharp rise from 13,090 the previous week. This marks a strong bullish shift in sentiment toward the euro, likely driven by improving eurozone data or diverging central bank expectations. JPY: Bullish positions in the yen eased slightly, with net longs falling to 122,964 contracts from 133,902. GBP: Speculative longs on the pound were little changed at 29,402 contracts, compared to 29,193 the prior week. Traders appear to be maintaining ... .. read more..
Australia Manufacturing Sector Accelerates In March - S&P Global
Sunday, March 23,2025,18:33
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.6. .. read more..
Risk trade jumps - Globex open, stock futures higher. Here's why ICYMI.
Sunday, March 23,2025,18:07
I posted the risk-positive news from the Wall Street Journal earlier: White House is narrowing its approach to April 2 tariffs set - likely omitting a set Tariff headline ping pong continues. If I was a cynic I'd say the WSJ popped up that time ahead of re-opening of Globex for the week in order to get it higher. If son, mission accomplished. Across FX land it's a similar story, here's the AUD, for example, higher: This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Huge jump for the Australian March Manufacturing PMI (Flash) to 52.6 (vs. pri...
Sunday, March 23,2025,18:01
Australian S&P Global PMI, the preliminary readings for March 2025: Manufacturing 52.6 prior 50.4 Services 51.2 prior 50.8 Composite 51.3 prior 50.6 This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
China has spicy menu of US trade war reprisals
Sunday, March 23,2025,18:00
The second trade war between the United States and China has so far been more of a snack than a slap-up meal. President Donald Trump campaigned on a repeated promise to impose tariffs of 60% or more on imports from the People’s Republic. In office, however, he has so far raised levies by just 20 ... .. read more..
EU’s red tape cuts leave big businesses wanting more
Sunday, March 23,2025,18:00
Austrian manufacturer RHI Magnesita spends about 1 million euros of its roughly 400 million euros earnings a year ensuring it complies with EU rules on corporate sustainability. A first wave of reforms to peel back layers of red tape will do little to cut that bill, it says. The European Union’s 52-page ’Simplification Omnibus’, which ... .. read more..
EU Commission unveils plan to channel €10 trillion of citizens’ savings into ...
Sunday, March 23,2025,18:00
The European Commission wants to boost Europe’s economy by redirecting the savings of citizens across the EU towards investment to stay competitive on the global stage. The European Commission unveiled on Monday a plan to better channel up to €10 trillion in bank deposits across the bloc into much-needed strategic investments. “Currently, too few European ... .. read more..
Pro-Trump senator meets China’s economy tsar amid trade tensions
Sunday, March 23,2025,18:00
U.S. Senator Steve Daines, a strong supporter of President Donald Trump, met with China’s economy tsar, Vice Premier He Lifeng, on Saturday, marking the first visit by a U.S. politician to Beijing since Trump returned to the White House. Striking a cordial tone at the start of their meeting at the Great Hall of the ... .. read more..
Macron lacks the money to put where his mouth is
Sunday, March 23,2025,18:00
Emmanuel Macron has been one of the most determined advocates of continuous European support to Ukraine, and increased defence spending. But whereas his German counterpart Friedrich Merz has announced a massive military binge, the French president is struggling to put his money where his mouth is. Europe’s defence buildup looks compromised by the cash-strapped reality ... .. read more..
India’s $30.71 billion plan to rival China factories to lapse after it disapp...
Sunday, March 23,2025,18:00
Indian Prime Minister Narendra Modi’s government has decided to let lapse a US$23 billion (S$30.7 billion) programme to incentivise domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials. The scheme will not be expanded beyond the 14 pilot sectors and production deadlines will ... .. read more..
With sweeping actions, Trump tests US constitutional order
Sunday, March 23,2025,18:00
Donald Trump’s sweeping assertion of power since returning to the White House is testing the U.S. constitutional system of checks and balances established in the 18th century as the president faces scant resistance from Congress and tensions with the federal judiciary escalate. With a Congress controlled by Trump’s fellow Republicans largely falling in line behind ... .. read more..
UK finance minister Reeves says she will stick to fiscal rules despite global...
Sunday, March 23,2025,18:00
British finance minister Rachel Reeves said on Sunday that she will stick to her fiscal rules despite global upheaval, raising the prospect of belt-tightening measures to meet her financial targets in a budget update this week. In her first full budget last October, Reeves sought to show investors that she could be trusted with the ... .. read more..
Japan, China, South Korea meet at geopolitical ‘turning point in history’
Sunday, March 23,2025,18:00
The top diplomats from Japan, China and South Korea met in Tokyo on Saturday, seeking common ground on East Asian security and economic issues amid escalating global uncertainty. “Given the increasingly severe international situation, I believe we may truly be at a turning point in history,” Japanese Foreign Minister Takeshi Iwaya said at the start ... .. read more..
Canada aims for free internal trade that can offset any US tariffs, Carney says
Sunday, March 23,2025,18:00
Prime Minister Mark Carney on Friday said Canada could offset the effects of any U.S. tariffs by removing internal trade barriers and that he aimed for free trade within the country by July 1, after meeting provincial and territorial leaders. “We are committing to table legislation by the 1st of July for goods to travel ... .. read more..
US companies race to secure import tariff exemptions after Trump pause
Sunday, March 23,2025,18:00
Washington’s temporary relief for import tariffs on goods covered under the U.S.-Mexico-Canada Agreement (USMCA) has triggered a spike in US companies seeking exemption under the trade deal, industry experts said. The White House slapped fresh 25% tariffs on goods from Canada and Mexico on March 5, but later announced that levies on goods covered under ... .. read more..
China’s central bank says it will boost forex market resilience
Sunday, March 23,2025,18:00
China’s central bank will cut banks’ reserve requirement ratio and interest rates at the “appropriate time” and strengthen the resilience of its forex market, it said on Friday during a quarterly meeting of its monetary policy committee. The committee of the People’s Bank of China (PBOC) suggested stepping up monetary policy adjustment and control, and ... .. read more..
Fed in no rush to cut rates; Trump disagrees
Sunday, March 23,2025,18:00
The Trump administration’s initial policies, including extensive import tariffs, appear to have tilted the U.S. economy toward slower growth and at least temporarily higher inflation, Federal Reserve Chair Jerome Powell said on Wednesday, drawing the ire of President Donald Trump. Trump posted late on Wednesday on his Truth Social platform: “The Fed would be MUCH ... .. read more..
ECB to decide by next week on wider use of favourable capital rule, source says
Sunday, March 23,2025,18:00
The European Central Bank will decide at the latest by next week whether favourable capital rules on banks’ insurance holdings, known as the ‘Danish Compromise’, also apply when the insurance units buy an asset manager, a person close to the matter said. The decision, which follows requests from France’s BNP Paribas and Italy’s Banco BPM ... .. read more..
Singapore Inflation Data Due On Monday
Sunday, March 23,2025,17:59
Singapore will on Monday release February figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity. .. read more..
White House is narrowing its approach to April 2 tariffs set - likely omittin...
Sunday, March 23,2025,17:36
Wall Street Journal (gated) report, in (very brief) summary: The White House is adjusting its tariff strategy ahead of the planned April 2 rollout. Instead of implementing broad, industry-specific tariffs (such as on cars, pharmaceuticals, and semiconductors), the focus will likely shift to targeted reciprocal tariffs aimed at countries with significant trade ties to the U.S. Trump has labelled April 2 as “Liberation Day,” when these reciprocal tariffs—intended to match the tariffs other countries impose on U.S. goods—are expected to be announced. However, according to a White House official, the sector-specific tariffs are unlikely to be revealed that day, although plans are still evolvi... .. read more..
Economic calendar in Asia 24 March 2025 - Flash PMIs from Australia and Japan
Sunday, March 23,2025,16:24
It's a slow start to the data agenda for the new week. There is plenty ahead though: Weekly Market Outlook (24-28 March) Newsquawk Week Ahead: US PCE, Global PMIs, UK CPI and Spring Statement, BoJ SoO This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Trade ideas thread - Monday, 24 March, insightful charts, technical analysis,...
Sunday, March 23,2025,16:24
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Monday morning open levels - indicative forex prices - 24 March 2025
Sunday, March 23,2025,15:55
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online ... prices are liable to swing around, so take care out there. Indicative rates, little change from late Friday: EUR/USD 1.0813 USD/JPY 149.36 GBP/USD 1.2893, a touch of weaker - I'm sniffing around for news of relevance USD/CHF 0.8832 USD/CAD 1.4356 AUD/USD 0.6274 NZD/USD 0.5737 This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Fed officials back cautious policy approach in light of economic uncertainty
Sunday, March 23,2025,14:00
New York Federal Reserve President John Williams said on Friday the U.S. central bank’s monetary policy is in the right place given the myriad uncertainties facing the economy, noting that there’s no urgency to make any changes to interest rates. “Modestly restrictive” monetary policy “is entirely appropriate given the solid labor market and inflation still ... .. read more..
Why the US economy may grow more slowly than expected
Sunday, March 23,2025,14:00
The US economy may expand more slowly than previously forecast as tariffs on imports rise and the Trump administration signals that it may tolerate slower growth in order to implement its trade policies, according to Goldman Sachs Research. Our economists reduced their prediction for US GDP expansion to 1.7% in the fourth quarter of 2025 ... .. read more..
Mark Carney calls April 28 election in Canada
Sunday, March 23,2025,12:43
Mark Carney announced an April 28 election, as was widely reported last week. He went straight into campaign mode and proposed reducing the lowest income tax bracket by one percentage point. Polls between the Liberals and Conservatives are tight and that will make for an interesting five-week campaign. This article was written by Adam Button at www.forexlive.com. .. read more..
UK orders investigation after Heathrow airport shutdown
Sunday, March 23,2025,07:45
Britain's government and London's Heathrow Airport have ordered investigations into the handling of a power outage Friday as a result of a substation fire. .. read more..
Weekly Market Outlook (24-28 March)
Sunday, March 23,2025,04:35
UPCOMING EVENTS: Monday: Australia/Japan/EU/UK/US Flash PMIs. Tuesday: German IFO, US Consumer Confidence. Wednesday: Australia Monthly CPI, UK CPI, US Durable Goods Orders, BoC Minutes. Thursday: US Final Q4 GDP, US Jobless Claims. Friday: Tokyo CPI, BoJ Summary of Opinions, UK Retail Sales, French CPI, Canada GDP, US PCE, University of Michigan Consumer Sentiment (Final). Monday Monday is the Flash PMIs Day for the Eurozone, the UK and the US. These are generally market moving releases and they might influence the markets expectations for interest rates. US PMIs will get special attention as they triggered the growth scare last month. Eurozone Manufacturing PMI: 48.2 expected vs. 47.6 p... .. read more..
Trump revoking legal status of more than half a million migrants: US labor mk...
Saturday, March 22,2025,18:44
This news has been in the works, but the announcement has been made - Trump's administration will revoke the temporary legal status of more than half a million migrants from Cuba, Haiti, Nicaragua and Venezuela: these migrants have been warned to leave the country before their permits and deportation shield are cancelled on 24 April More here. - This is something to watch with respect to the US labour market: many of these migrants have been legally working in the US under the humanitarian parole program the revocation is likely to lead to some short-term disruption (shortages) in the labor market, particularly in industries that heavily rely on immigrant labor, such as agriculture, const... .. read more..
Japan and China met on Saturday for talks on their economies
Saturday, March 22,2025,18:43
Japan and China resumed economic talks in Tokyo on Saturday—their first in six years—in an effort to ease tensions between the two countries amid growing trade pressure from the United States. When asked if U.S. tariffs were part of the discussions, Japanese Foreign Minister Takeshi Iwaya said they were not a central focus in any of Saturday’s meetings. He added that Japan and South Korea had agreed to maintain close cooperation and keep open communication with the U.S., following separate talks held with South Korea earlier that day. He did not provide details on what was discussed with China’s Wang concerning U.S. tariffs. As a ps, I posted this on Friday: US Senator Steve Daines will v... .. read more..
Risks of buy now, pay later: 'Ticket to overspending,' expert says
Saturday, March 22,2025,09:00
Klarna, one of the major players in the buy now, pay later space, is planning to go public. It comes as demand for such services has increased in recent years. .. read more..
Small Business Administration to cut about 2,700 jobs as part of restructuring
Saturday, March 22,2025,05:43
The Small Business Administration announced it will cut about 2,700 jobs, which comprises about 43% of its workforce, as it seeks to return to pre-pandemic staffing levels. .. read more..
UK manufacturers are subdued about outlook as costs mount, CBI says
Friday, March 21,2025,18:00
British factories have reported a downturn this month with April’s increases in tax and wages weighing on the mood but some firms are seeing a boost from an expected rise in defence spending in Europe, the Confederation of British Industry said. The CBI’s monthly balance for manufacturers’ output expectations over the next three months dipped ... .. read more..
China asks lenders to raise credit limit for consumer loans, report says
Friday, March 21,2025,18:00
China has asked banks to raise credit limits for consumer loans, financial media outlet 21jingji reported on Friday, as part of its efforts to boost consumption to revive a slowing economy. The financial regulator, the National Financial Regulatory Administration, issued a notice that said financial institutions can raise credit limit for consumer loans to 500,000 ... .. read more..
What to expect from Reeves’ Spring Statement as Britain braces for tax hikes
Friday, March 21,2025,18:00
Higher debt interest costs have wiped out the Chancellor’s wiggle room Europe is finally waking up to the fact it needs to spend more money. Germany may be the country in the headlines this week for its landmark spending boost, but it was actually Britain that first experienced this budgetary reawakening in October last year. ... .. read more..