Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

China - another area of Henan province placed in lockdown today

Posted: 11 Jan 2022 07:09 PM PST

Central China's Henan Province is seeing cases of both the Delta and Omicron variants. Henan reported the highest number of confirmed COVID-19 cases on Tuesday China, 118: 12 from Zhengzhou 65 from Anyang (already under lockdown) 41 from Xuchang  Two case with Omicron variant wer

US December 2021 inflation data due on Wednesday 12 January 2022 - preview

Posted: 11 Jan 2022 06:54 PM PST

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China's 'zero covid' policy is now called 'dynamic clearing'

Posted: 11 Jan 2022 06:15 PM PST

This via a Bloomberg report (may be gated)   According to the government, "Covid zero" is no longer China's policy goal. Rather, it's aiming for "dynamic clearing," which relies on local governments to stamp out local outbreaks. Here's the wording from Liang Wannian, the head of the government's Cov

(A little) More on the China coronavirus case count for the day

Posted: 11 Jan 2022 05:48 PM PST

Headline number is here from earlier:China has reported 166 local coronavirus cases for the day (from 110 a day earlier)More:China reported 221 new confirmed coronavirus cases for Jan. 11, up from 192 a day earlier166 were locally transmittednew locally transmitted cases were in Henan, Tianjin, Shaa

UBS China outlook

Posted: 11 Jan 2022 05:36 PM PST

Various economic forecasts from UBS:Q4 GDP growth may be lower than 3%2021 GDP growth is expected at 7.6%, but in 2022 growth is likely to slow to 5.4%export growth is expected to slow to 10% this year (from around 30% in 2021)CPI is likely to grow 2.4% in 2022PPI expected to slow to 3% - 4% from 8%

China December CPI +1.5% y/y (vs. expected 1.8%) & PPI 10.3% y/y (vs. expected 11.1%)

Posted: 11 Jan 2022 05:31 PM PST

China CPI 1.5% y/y expected 1.8% y/y, prior 2.3%for the m/m, -0.3% PPI 10.3% y/yexpected 11.1% y/y, prior 12.9%-1.2% for the m/m  more to come  

China has reported 166 local coronavirus cases for the day (from 110 a day earlier)

Posted: 11 Jan 2022 04:52 PM PST

 Stay tuned for another round of lockdown announcements i guess. And brace for the negative impacts on both China's economic growth and the supply chain globally. 

Australian national job vacancies rose by 18.5% in the 3 months to November

Posted: 11 Jan 2022 04:33 PM PST

The stats people say there were 396,100 available positions.Vacancies up upon lockdown emergence in Sydney and Melbourne. 

New Zealand – ANZ Commodity Price index for December -0.2% m/m (vs. prior 2.8%)

Posted: 11 Jan 2022 03:59 PM PST

The December report shows this index was +23.7% for the year (2021)In NZD terms:+3.1% m/m+28% y/y ANZ comments on global shipping in the report:Global shipping costs have fallen, but remain volatile. The Baltic Dry Index dropped a further 26% during December, while falls in other shipping price indi

Mayor of Washington declares a Public Health Emergency

Posted: 11 Jan 2022 03:33 PM PST

Compounding the surge in cases is that some hospitals are seeing 25% staff shortages related to COVID-19, preventing them to use all of their capacity, the order says.

Australia's second-most populous state to fine people who do not log positive RAT tests

Posted: 11 Jan 2022 03:10 PM PST

Australia has really dropped the ball on RAT tests. Now propose to fine people to distract from the ****-ups?

Reuters Tankan - manufacturing index slips to 17 in January from 22 in December

Posted: 11 Jan 2022 03:02 PM PST

The December reading was the best in 10 months, some give back this month though. Japan January Manufacturing Index +17prior +22Non-manufacturing Index +8, a 23-month highprior +6 Some of the remarks received:"There's a demand rush before prices are raised," (referring to rising input prices impacti

Here is what’s on the economic calendar in Asia today - China inflation data for December

Posted: 11 Jan 2022 02:40 PM PST

(Bonus pro-tip ... don't forget to click 'Publish') At 2300 GMT we get the Reuters Tankan for January 2022prior is here: Best reading in 10 monthsThe Reuters tankan report is monthly and is aimed at pre-empting the Bank of Japan's own tankan report, which is quarterly.2350 GMT, more from Japan. Curr

Forexlive Americas FX news wrap: Powell eases market fear about fast balance sheet unwind

Posted: 11 Jan 2022 01:39 PM PST

US stocks trade to session highs WTI crude oil futures settle at $81.22 U.S. Treasury auctions all $52 billion of 3 year notes at a high yield of 1.237% Powell's renomination hearing is concluded European shares close higher with all major indices moving solidly higher WTI

Private oil survey data shows draw in crude oil inventory

Posted: 11 Jan 2022 01:38 PM PST

Numbers via Twitter: Expectations I had seen centred on: Crude -1.9m barrels Gasoline +2.4m Distillate +1.8m

Trade ideas thread - Wednesday 12 January 2022

Posted: 11 Jan 2022 01:32 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:

France says still a long way from reviving the nuke deal with Iran

Posted: 11 Jan 2022 01:09 PM PST

any agreement to restore the Iran nuclear deal is still far awaythe talks with Iran made progress at the end of December, but discussions are slow---The talks are aimed at resuscitating the deal with Iran limiting its development of nukes. The US pulled out of the deal in 2018 but the new Biden admi

US stocks trade to session highs

Posted: 11 Jan 2022 12:18 PM PST

The major indices are all trading near highs for the session. The Dow industrial average is up 200 points or 0.55% at 36268 S&P index is up 42 points or 0.90% at 4712.28 NASDAQ index is up 214 points or 1.43% at 15157 The Russell 2000 is up 23.83 points or 1.09% at 2194.80 Looking

WTI crude oil futures settle at $81.22

Posted: 11 Jan 2022 11:43 AM PST

The WTI crude oil futures settle at $81.22. The price rise was $2.99 or 3.06%.  This is the highest level since mid-November.  The EIA said that they expect global demand for petroleum products return to and surpass pre-pandemic levels this year.  The Fed's Powell said he expects the omicron variant

US dollar legs lower

Posted: 11 Jan 2022 11:35 AM PST

Cable is trading at the highest since early November as a broad US dollar rout extends.  The dollar is lower right across the board as risk appetite continues to improve, led by a 1.2% gain in the Nasdaq. Commodities are also benefiting from the mood, with dollar softness adding to the move

U.S. Treasury auctions all $52 billion of 3 year notes at a high yield of 1.237%

Posted: 11 Jan 2022 10:03 AM PST

The U.S. Treasury auctioned off $52 billion of three year notes at high yield of WI was trading at 1.241% at the time of the auctionbid to cover 2.47X versus six month average of 2.42XDealers 22.84% % versus six month average of 28.4%Direct 15.51% versus six month average of 18.4%indirect 61.7% vs 5

WTI crude blasts through $80

Posted: 11 Jan 2022 08:26 AM PST

The run in oil around the turn of the year has been impressive and speaks to structural undersupply rather than the modest surplus that OPEC has forecast. We're awaiting the EIA STEO today, which will be the first forecasts of 2023 US production. That's generally not a market mover but there's not m

US dollar sags as Powell speaks

Posted: 11 Jan 2022 08:10 AM PST

The market is increasingly tuned into the pace of balance sheet runoff and Powell offered at hint that he's in no rush to wind down holdings in his confirmation hearing. "This year I expect the Fed will raise rates, end asset purchases and perhaps later this year allow the balance sheet to shrink,"

Evidence mounts that China omicron outbreak is spreading uncontrollably

Posted: 11 Jan 2022 07:17 AM PST

58 new covid cases were reported today in Anyang and the city of 5 million is now in total lockdown, with residents only permitted to leave home to get a test.  The outbreak there was detected on the weekend and has been traced to a university student who traveled 600 km to the city from T

World Bank cuts 2022 global GDP growth forecast to 4.1% from 4.3%

Posted: 11 Jan 2022 06:37 AM PST

The World Bank is out with its latest economic forecasts and the warning of a risk of a hard landing in developing markets. Sees developed economies growing 3.8% vs 4.0% in June forecasts 2021 global GDP forecast 5.5% vs 5.7% in June Sees 2021 Japan GDP at 1.7% vs 2.9% in June
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