Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

China PMIs (December). Manufacturing 50.3 (expected 50.1) & Services 52.7 (expected 53.1)

Posted: 30 Dec 2021 04:59 PM PST

Manufacturing beats slightly at 50.3expected 50.1, prior 50.1 Non-manufacturing (services) comes in at a miss but above November at 52.7expected 53.1, prior 52.3 Composite 52.2 prior 52.2Given rolling outbreaks of coronavirus and the associated restrictions that China tends to impose quickly, thes

South Korea will extend social distancing rules for 2 more weeks through to mid-January

Posted: 30 Dec 2021 04:30 PM PST

The Dec. 18 rules were scheduled to end on Sunday, but will be extended through to January 16. Among the measures:private gatherings are capped at four people nationwidewhile 9 or 10 p.m. curfews are imposed on multiuse facilities' business hours Prime Minister Kim Boo-kyum has moved to provide CO

Canada - Quebec sets a curfew in place to slow Omicron COVID-19 spread

Posted: 30 Dec 2021 03:15 PM PST

Also: No gatherings are permitted, single family bubbles only ‍Schools delayed until January 17 Restaurants, Gyms, Bars, and the like have been shut (likely for 2-3 weeks)There is a quite the contrast between how different provinces are managing the outbreak. Quebec rules are some of the stri

AUD traders note - China says its iron ore self-sufficiency will be ‘significantly’ increased

Posted: 30 Dec 2021 03:09 PM PST

As part of the plan China will also optimise the annual quota mechanism for the production of rare earth, tungsten and other minerals. Info comes via the South China Morning Post, link here for more (may be gated).  The piece opens with: China will encourage domestic exploration of iron ore and

South Korean December CPI higher than expected for both m/m and y/y

Posted: 30 Dec 2021 03:05 PM PST

This snapshot from the  @page { size: 21cm 29.7cm; margin: 2cm } p { margin-bottom: 0.25cm; direction: ltr; color: #000000; line-height: 115%; text-align: left; orphans: 2; widows: 2; background: transparent } p.western { font-family: "Liberation Serif", serif; fon

White House readout of the Putin-Biden phone call Thursday

Posted: 30 Dec 2021 02:48 PM PST

Russia's readout of the Putin-Biden phone call ThursdayFrom the US side now: @page { size: 21cm 29.7cm; margin: 2cm } p { margin-bottom: 0.25cm; line-height: 115%; background: transparent } Biden, in call with Russia's Putin, urged Russia to de-escalate tensions with Ukraine  Biden m

Russia's readout of the Putin-Biden phone call Thursday

Posted: 30 Dec 2021 02:38 PM PST

Headlines via Reuters: @page { size: 21cm 29.7cm; margin: 2cm } p { margin-bottom: 0.25cm; line-height: 115%; background: transparent } Kremlin aide: says they agreed that presidents and aides would keep in contact by phone says they agreed talk

South Africa says its Omicron wave has passed its peak with no big spike in deaths

Posted: 30 Dec 2021 02:22 PM PST

A statement from the SA government saying data from its health department indicated suggested that the country had passed its Omicron peak without a major spike in deaths: rise in deaths over the period was small, and in the last week, officials said, "marginal." Fareed Abdullah of the Sout

Trade ideas thread - Friday 31 December 2021

Posted: 30 Dec 2021 01:54 PM PST

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:

Here is what’s on the economic calendar in Asia today – China Dec. PMIs

Posted: 30 Dec 2021 01:13 PM PST

@page { size: 21cm 29.7cm; margin: 2cm } p { margin-bottom: 0.25cm; line-height: 115%; background: transparent } a:link { color: #000080; so-language: zxx; text-decoration: underline } Manufacturing expected

Video: What to expect in 2022

Posted: 30 Dec 2021 07:35 AM PST

I had a wide-ranging talk with Dale Pinkert at TradeGateHub today about the big challenges for markets in 2022. There's one particular one that I'm laser-focused on right now.

OPEC likely to stick to existing policy at Jan 4 meeting - report

Posted: 30 Dec 2021 07:06 AM PST

OPEC and its allies will probably stick to their existing policy of modest monthly increases in oil output at a meeting next week, four sources cited by Reuters said. The scheduled plan is for OPEC+ to hike by 400k bpd each month. There was talk of delaying that last month but OPEC is likely to

Cathie Wood isn't giving me much faith in the tech trade

Posted: 30 Dec 2021 06:15 AM PST

At this time last year Cathie Wood's star was shooting higher after a sensational year but the more she tweets, the harder it is to believe she's anything more than lucky. It's tough to take shots at someone who has delivered +300% annualized returns for a number of years but with the fund growing

US weekly initial jobless claims 198K vs 208K expected

Posted: 30 Dec 2021 05:28 AM PST

Prior was 205K Four-week avg 199K vs 206K prior Continued claims 1.716m vs 1.868m expected At this time of year there are heavy seasonal adjustments and problems compensating for holidays but the trend lower in jobless claims is undeniable. Jobs are plentiful in the US.

Hong Kong reports two suspected cases of community spread of omicron

Posted: 30 Dec 2021 05:03 AM PST

Hong Kong authorities are reporting the first two cases of community transmission of omicron today, according to sources cited by the South China Morning Post. The timeline from the cases is from a Cathay Pacific aircrew -- a frequent source of omicron imports to Hong Kong. The virus sprea

Spanish annual inflation jumps to highest since 1989 in December

Posted: 30 Dec 2021 12:23 AM PST

That's the fastest pace since 1989, up from the +5.5% y/y reading back in November. This once again just reaffirms surging price pressures in the region as the year winds down, keeping the pressure on the ECB narrative that things will cool off going into next year.

UK December Nationwide house prices +1.0% vs +0.9% m/m prior

Posted: 29 Dec 2021 11:01 PM PST

Prior +0.9% House prices +10.4% y/y Prior +10.0% UK house price growth continues to surge into year-end as demand conditions are still extremely robust in the market. That said, Nationwide notes that the outlook remains fairly uncertain with the strength of the housing market rather s

Japanese equities round off the year with highest close since 1989

Posted: 29 Dec 2021 10:23 PM PST

The Nikkei closes the year up by 4.9% to 28,791.71 while the Topix gained by 10.4% to 1,992.33. Both indices are recording their highest year-end close since 1989. It has been a bit of a challenging year at times for Japanese stocks, particularly after the BOJ revamped its guidance on ETF pu

Erdogan's experimental plan failing to convince in changing lira's fortunes

Posted: 29 Dec 2021 10:02 PM PST

Erdogan is famous for his unorthodox policies and the latest one last week is no exception. He announced that the government would guarantee returns on lira deposits, at a rate similar to those on foreign currency. That essentially makes up for any further depreciation in the lira. An example: If th

COVID-19 -Australia loosens 'close contact' rules

Posted: 29 Dec 2021 09:08 PM PST

Prime Minister Scott Morrison, after discussions with state and territory leaders (National Cabinet), has unveiled a new definition of a Covid-19 close contact:only a person who is living with a confirmed Covid-19 positive or sharing an accommodation setting for more than four hours with an infected

OPEC+ next meet on January 4 - Saudi King keen on the continuation of the oil agreement

Posted: 29 Dec 2021 08:08 PM PST

Reuters carried the comments: "The Kingdom ... confirms its keenness for the continuation of the OPEC+ agreement due to its essential role in oil market stability and also stresses the importance of compliance by all participating countries with the agreement," --- The Organization of t

China Evergrande Group dollar notes coupon due Tuesday - no sign of payment

Posted: 29 Dec 2021 07:47 PM PST

Bloomberg post the info: China Evergrande Group passed another debt deadline with no sign of payment, after coupons came due Tuesday on two dollar notes, both with a 30-day grace period before a default can be declared. Not a very Merry Christmas for those due $$$. Chinese property

Movement restrictions tightened in China (Xi'an) to combat still spreading COVID-19

Posted: 29 Dec 2021 07:11 PM PST

More here at the South China Morning Post report. Lockdowns will slow the recovery of the economy and also add further constraints to already-stretched global sup-ply chains. 
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)