Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Weak yen is becoming a politically tricky issue in Japan

Posted: 31 Jan 2022 05:08 PM PST

Japan's Masato Kanda is out with some comments on the yen to Reuters: There are both positive and negative effects of wa weak yen, it's hard to say which is bigger Weak yen pushed up the import cost of energy and food, increasing household burdens The value of a weak yen for ex

Australia December home loans +5.3% vs +7.6% prior

Posted: 31 Jan 2022 04:30 PM PST

Prior was +7.6%Investment housing finance +2.4% vs +3.8% priorOwner-occupied finance +5.3% vs +7.6% priorThis data is rarely a market mover but offers some insight into the health of the housing market. That's two months in a row of rapid increases in financing.

Japan January Jibun bank manufacturing PMI 55.4 vs 54.6 expected

Posted: 31 Jan 2022 04:30 PM PST

Prelim was 54.6Prior was 54.3This reading is the best since Feb 2014 as output and new orders rose. There are building inflationary pressures that continue to be absorbed by manfactureres (input prices rising much faster than output prices) but I imagine that won't last for long. It's remarkable how

Australian December retail sales -4.4% vs +3.9% expected

Posted: 31 Jan 2022 04:30 PM PST

    Prior was +7.3% (a record)Sales +4.8% y/y The RBA interest rate decision is coming up at 0330 GMT. This is a big miss. I'm surprised that the consensus was as high as it was, given omicron risks. This is the worst reading since the dawn of the pandemic.

Japan unemployment rate 2.7% vs 2.8% expected

Posted: 31 Jan 2022 03:30 PM PST

Prior was 2.8%Jobs-to-applicant ratio 1.16 vs 1.16 expectedPrior was 1.15Japanese jobs data is never a market mover but I would note that some of the Japanese data released yesterday pointed to a slowdown.

Coming up in Asia-Pacific trading: The RBA decision and Japanese unemployment

Posted: 31 Jan 2022 03:11 PM PST

Much of Asia -- including China and South Korea -- is on holiday today as it's the Lunar New Year. That isn't going to slow things down on the economic calendar today. At the bottom of the hour, we get the Japanese December unemployment rate. The consensus is a flat reading at 2.8%. Japanes

Boris Johnson to travel to Ukraine tomorrow

Posted: 31 Jan 2022 02:41 PM PST

Boris Johnson is no-doubt itching for a reason to get away from his covid scandal in the UK so he's heading to Ukraine on Tuesday to meet with PM Zelensky.Johnson was supposed to speak with Putin today but it was delayed due to his partygate scandal.In other Ukraine news, the US revealed today that

US lowers duties on Canadian lumber

Posted: 31 Jan 2022 02:29 PM PST

The US Commerce Dept today issued its third administrative review of duties on Canadian lumber and lowered the rate to 11.64% from 17.99%. Lumber isn't in the headlines as much as it was six months ago but prices went on another run in Q4 and early this year before dropping again in the pa

Forexlive Americas FX news wrap: End of month flows go into stocks and out of the dollar

Posted: 31 Jan 2022 02:19 PM PST

US major indices end the last day of the month with solid gains, but worst month since March 2020 Feds Barkin: How fast we go on rates, depends on how economy develops SNB Jordan: Strong Swiss Franc limits Swiss inflation WTI crude oil settles at $88.15 Bostic: Fed's 50 basis p

Australia January final Markit PMI 55.1 vs 55.3 prelim

Posted: 31 Jan 2022 02:00 PM PST

Prior was 57.7 Prelim was 55.3Manufacturing output contracted for the first time in five months as omicron hampered production Both input cost and output prices increased at slower paces when compared to December 2021 Commenting on the latest survey results, Jingyi Pan, Econo

New Zealand December trade balance -$477m vs -$864m prior

Posted: 31 Jan 2022 01:45 PM PST

Prior was -$864m (revised to -$1.06B) Imports $6.55B vs $6.73B prior Exports $6.07B vs $5.86B prior On the year, New Zealand posted a $6.78 billion trade deficit, which is narrowly below the 2018 and 2005 deficits, making it the worst on record. NZ trade deficit not includi

Australia AiG December manufacturing index 48.4 vs 54.8 prior

Posted: 31 Jan 2022 01:30 PM PST

Prior was 54.8 This is the lowest reading since Sept 2020. The 6.4 fall is startling but it's a volatile index.

US major indices end the last day of the month with solid gains, but worst month since March 2020

Posted: 31 Jan 2022 01:22 PM PST

The major indices are closing sharply higher on the day as gains accelerated into the close and last day of the trading month. Although the major indices are still down on the month, the losses have been slashed in the last few days of the trading month. All 11 sectors of the S&P close higher

US: We only have 'a handful of weeks' left to get Iran nuclear deal

Posted: 31 Jan 2022 01:19 PM PST

Talks are in the 'final stretch' Progress has been made in narrowing the list of differences Negotiators have returned to capitals for consultations to figure out whether leaders are prepared to make the tough political decisions needed Iran is shortening nuclear breakout

European shares end the day mostly higher

Posted: 31 Jan 2022 09:26 AM PST

The major European indices are ending the day mostly higher. The exception is the UK FTSE 100 is the struggles through the implications of the Susan Gray report on the Covid parties at No. 10. German DAX, +1% France's CAC, +0.5% UK's FTSE 100, -0.05% Spain's Ibex, unchanged Ital

Reuters OPEC oil output survey: oil output rises 210,000 barrels per day month on month

Posted: 31 Jan 2022 08:34 AM PST

January oil output rises 210,000 barrels per day MoM to 28.01M BPD oil output rise led by Saudi Arabia output falls in Libya and Iraq OPEC states compliance with OPEC+ out put cut pledges rises to 132% in January from 127% in December The output has once again undershot the rise p

Pres. Biden: If Russia chose to walk away from its policy attacked Ukraine, there would be trouble

Posted: 31 Jan 2022 08:02 AM PST

Pres. Biden is on the wires saying:If Russia is sincere about addressing security concerns through dialogue, US and its allies will continue to engage in good faithIf Russia chose to walk away from this policy and attacked Ukraine, Russia will face swift and severe consequencesMeanwhile China's amba

UK's Johnson: It is not enough to say sorry

Posted: 31 Jan 2022 07:42 AM PST

For what it's worth, UK PM Johnson is addressing parliament on the Covid rule breaking at No 10 Downing Street Sorry for the way this matter has been handled Sorry for the things we did get right No use saying this or that was within the rules I understand the anger people feel

Major US indices open up with mixed results

Posted: 31 Jan 2022 06:36 AM PST

The major US indices are open up with mixed results. The Dow and S&P are lower while the NASDAQ index is trading higher. The Russell 2000 which fell over 20% from its high last week is currently down as well.This week, there will be a number of key earnings releases. AMD, Paypal, Alphabet, GM, Starb

US stocks are set to open mixed

Posted: 31 Jan 2022 06:26 AM PST

The major US stock indices are set open mixed as per the futures contracts.S&P index, -13 pointsDow industrial average, -178 pointsNASDAQ index, +14 pointsOn Friday, the major indices soared (NASDAQ had its best day since March), and that took them higher on the week. Nevertheless the NASDAQ is dow

Forexlive European FX news wrap 31 Jan: Hawkish vibes aplenty

Posted: 31 Jan 2022 05:55 AM PST

Headlines: German Jan CPI MoM: 0.4% (Forecast -0.2%, Previous 0.5%) Money Markets pricing 10 bps ECB rate hike by Sept and over 25 bps by Dec Equities coming off the bid, with just over two hours until the Wall Street open UK PM Johnson's Office Have Received Report On Potential Dow

Canada IPPI for December 0.7% versus 1.0% estimate

Posted: 31 Jan 2022 05:30 AM PST

Industrial product price index (IPPI) 0.7% vs 1.0% estimate. IPPI YoY 16.1% vs 18.1% last month  Raw material price index MoM -2.9% vs -1.3% estimate RMPI YoY 29.0% vs 36.2% last month Raw material price index Highlights: The IPPI is increase for th

What is on the calendar today?

Posted: 31 Jan 2022 05:25 AM PST

What is on the economic/event calendar today.Canada industrial product price index and raw material price index will be released at 8:30 AM with estimates for IPPI at 1.0% and RMPI at -1.3%The FOMC member George will speak at 12:40 PM ETThe Chicago PMI index will also be released with expectations o

German Jan CPI MoM: 0.4% (Forecast -0.2%, Previous 0.5%)

Posted: 31 Jan 2022 05:02 AM PST

German Prelim Data for Jan:CPI:MoM: 0.4% (Forecast -0.2%, Previous 0.5%)YoY: 4.9% (Forecast 4.4%, Previous 5.3%)HICP:MoM: 0.9% (Forecast 0%, Previous 0.3%)YoY: 5.1% (Forecast 4.3%, Previous 5.7%)German Jan inflation data coming in stronger than expected after a mixed bag on the regional numbersFull

Money Markets pricing 10 bps ECB rate hike by Sept and over 25 bps by Dec

Posted: 31 Jan 2022 04:45 AM PST

Euro Zone Money Markets Now Price In More Than Full Probability Of 10 Bps ECB Rate Hike By September And Over 25 Bps Of Hikes By December In line with this hawkish repricing, Germany's 10-year yield extends rise, now up 6 bps on day in biggest daily rise since Dec 8 ~ I can't see it h
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