Category Finance

Japan trade data for August 2024 … dreadful misses for both exports and imports. The ‘adjusted’ trade balance (not shown in the screen shot above) is -0.6tln yen expected -0.96tlnprior -0.76tln yen Exports to: China +5.2% y/ythe EU -8.1% y/ythe US -0.7% y/y This article was written by…

A miss for the data – but do note this is a choppy data series. — The core machinery orders data is a highly volatile series its used as a leading indicator of capital spending in the coming six to nine months This article was written by Eamonn…

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 system that allows…

This summary screenshot is via Reuters, showing the latest forecasts for the headline Federal Open Market Committee (FOMC) decision due on Wednesday, September 18, 2024 (at 1800 GMT, 1400 US Eastern time) The latest from ‘FedWatch’ (market pricing) show 30-Day Fed Funds futures pricing favours a 50bp rate…

Reuters citing an unnamed source: US administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reservewill announce the solicitation as soon as Wednesday to buy oil for delivery to the Bayou Choctaw site in Louisianafor delivery in the first few months of 2025…

The Japanese Coast Guard give an alert to North Korea firing what could be a ballistic missile. In the olden days news like this would prompt rapid flows into USD and JPY. Now it’s pretty much ignored. This article was written by Eamonn Sheridan at www.forexlive.com.

Bank of Canada’s Senior Deputy Governor Carolyn Rogers: Sees ongoing work to do on inflationCore measures of CPI should decline This article was written by Eamonn Sheridan at www.forexlive.com.

A snippet via Seema Shah, chief global strategist at Principal Asset Management: “Since the late 1980s…25-basis-point cuts have become the norm, and 50 basis points have been the exception.” Only two rate-cutting cycles have begun with cuts greater than 25 basis points: January 2001, amid the dot-com bubble,…

NZD/USD not showing much response. Currently up a few wee tics around 0.6189. The data focus for the week is Q2 GDP due Thursday local NZ time. The current account represents the most comprehensive gauge of a nation’s international financial interactions. It encapsulates not just the exchange of…

JPMorgan CEO Jamie Dimon was speaking at a conference on Tuesday. I didn’t hear a specific 25 or 50 from him, but he did say that the cut is “not going to be earth-shattering.” I guess that’s a tip for 25? Although 50 ain’t gonna shatter the earth…