Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

China, China, China

Posted: 16 Jan 2022 09:43 PM PST

I've mentioned quite a few times already in the past few weeks, that I just don't see any bigger risk to the global recovery than China. The omicron risks there are something that will percolate to global supply chains, inflation, and thus central bank outlook as well. And with Beijing being hit

Little on the agenda in Europe today

Posted: 16 Jan 2022 09:22 PM PST

US retail sales on Friday was dismal, but not that it wasn't expected. Still, there were a lot of mixed tones in the market but the sour mood early on was salvaged by dip buyers in the end.For now, the dollar is keeping relatively steady for the most part after some decent gains at the end of last w

Japan data - Tertiary Industry Index for November +0.4% m/m (prior +1.5%)

Posted: 16 Jan 2022 08:34 PM PST

Japan data - Tertiary Industry Index +0.4% m/m and +0.6% y/y

ForexLive Asia FX news wrap: China - PBOC rate cut

Posted: 16 Jan 2022 07:57 PM PST

China Stats bureau head says there is space for monetary policy to support growth The BOJ is expected to raise its growth and inflation forecasts tomorrow (Tuesday 18 January ) Reminder - its a US holiday Monday 17 January 2022 - stocks, bond markets closed China President Xi Jinpi

China Stats bureau head says there is space for monetary policy to support growth

Posted: 16 Jan 2022 07:14 PM PST

Earlier:China Q4 2021 GDP 1.6% q/q and 4.0% y/yChina 'activity data' for December 2021: Industrial output beats, retail sales missAlso from China today:China recap - PBOC rate cuts----Head of the NBS saying room for more rate cuts. On Thursday this week, 20 January, we get 1 year and 5 year Loan Pri

Reminder - its a US holiday Monday 17 January 2022 - stocks, bond markets closed

Posted: 16 Jan 2022 06:44 PM PST

The Securities Industry and Financial Markets Association (SIFMA) has recommended that bond markets close for the day. This'll sap physical trade in the 10-year Treasury note. The New York Stock Exchange and the Nasdaq are also closed. Futures is a bit messier - this via the CME, their brief explain

China President Xi Jinping calls for improved regulation & governance of digital economy

Posted: 16 Jan 2022 06:20 PM PST

Xi's call for better regulation and governance of the digital economy is to to prevent its "unhealthy" development. Also" China should "cultivate a number of companies with international competitiveness, and leading ecological firms with control over industrial chains, to create world-

Japan is considering a quasi state of emergency in Tokyo and surrounding areas

Posted: 16 Jan 2022 06:10 PM PST

Fuji News Network expanding on the headlines from earlier:Japan media report that tighter coronavirus measures are being considered for TokyoA 'quasi' state of emergency allows prefectural governors to impose anti-virus measures less strict in nature than a full state of emergency. can request that

China 'activity data' for December 2021: Industrial output beats, retail sales miss

Posted: 16 Jan 2022 06:01 PM PST

Industrial Production 4.3% y/yexpected 3.6%, prior was 3.8%Fixed Assets (excluding rural) YTD 4.9% y/yexpected 4.8%, prior was 5.2%Retail Sales 1.7% y/y,expected 3.7%, prior was 3.9%December unemployment rate 4.9%---Earlier today from China:China recap - PBOC rate cuts

China Q4 2021 GDP 1.6% q/q and 4.0% y/y

Posted: 16 Jan 2022 05:59 PM PST

1.6% q/qexpected 1.1%, prior 0.2%4.0% y/yexpected 3.6%, prior 4.9%2021 as a whole, GDP +8.1% y/yBetter than expected for GDP in the final quarter of the year. China is currently grappling with OPmicron and a debt-driven drop in the property sector. Q1 2022 is getting off to a rough beginning. --Earl

Peloton to charge 'hundreds of dollars' more - citing inflation, supply chain pressure

Posted: 16 Jan 2022 05:11 PM PST

Peloton to charge 'hundreds of dollars more'  in fees for delivery and setup of its Bike and Tread products The firm citing inflation and supply chain pressures. Via CNBC

China's capital Beijing has tightened rules for entering the city after Omicron case

Posted: 16 Jan 2022 04:40 PM PST

Beijing will require travellers to get a COVID-19 test within 72 hours of arrival in Beijing effective from Jan. 22 to end-MarchInfo via Reuters, more here Weekend post:Omicron hits Beijing three weeks ahead of the Olympics

Singapore December NODX +18.4% y/y (expected +13.8%)

Posted: 16 Jan 2022 04:36 PM PST

Singapore Non-Oil Exports +3.7% m/m expected 1.4%, prior 1.1%) Singapore Non-Oil Exports +18.4% y/y expected 13.8% prior 24.2% (this was a 10 year high)

Société Générale on EUR/GBP

Posted: 16 Jan 2022 04:10 PM PST

This via eFX,  @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; font-size: 12pt; so-language: en

North Korea has launched a suspected ballistic missile towards the Sea of Japan

Posted: 16 Jan 2022 04:02 PM PST

Japan's Coast Guard says it may be a ballistic missile. Which seems likely. The fifth in past days. 

UK data – Rightmove house prices for January

Posted: 16 Jan 2022 04:00 PM PST

UK data – Rightmove house prices up most y/y since May 2016prior -0.7% m/m and 6.3% y/y

Japan has raised its assessment on machinery orders after solid November data

Posted: 16 Jan 2022 03:51 PM PST

Japan Core Machinery Orders for November 2021+11.6% y/yexpected 6.1%, prior 2.9% y/y+3.4% m/m expected 1.4%, prior 3.8% m/mThe data point is used as a capex indicator for Japan in the months aheadMore:Japan's government has raised it machine orders assessment, says the orders are showing signs of a

Vitol says oil prices could head even higher - tight supply

Posted: 16 Jan 2022 03:21 PM PST

Via Bloomberg (may be gated) : prices could go up higher supplied are tight Cited gas: What's happening with gas "serves to remind us that people will abstain from buying expensive energy at some point," he said on a webinar hosted by Dubai-based consultancy Gulf Intelligence. "The qu

Japan media report that tighter coronavirus measures are being considered for Tokyo

Posted: 16 Jan 2022 03:12 PM PST

Last week had stricter measures brought in elsewhere in Japan:Okinawa, Hiroshima and Yamaguchi prefectures entered a quasi-state of emergency on SundayAnd, this on the capital last week:Tokyo is raising its COVID-19 alert level more to come  

Goldman Sachs slash their US economic growth forecast for 2022 to 3.4%

Posted: 16 Jan 2022 02:20 PM PST

Goldman Sachs cite:diminishing expectations for fiscal stimulusthe spread of the Omicron variant Forecast now is for GDP growth in 2022 significantly downgraded to 3.4%from 5-6% pace in 2021However, above the GS 1.75% estimate of trend growth

Trade ideas thread - Monday 17 January 2022

Posted: 16 Jan 2022 01:47 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:

US President Biden and Japan Prime Minister Kishida will meet this week

Posted: 16 Jan 2022 01:25 PM PST

A note for the diary if you are interested. Further details (time, topics etc) are yet to come. I suspect the USD/JPY exchange rate will not be a topic. Added ... will discuss discuss bilateral ties as well as security in the Pacific region.

Here is what’s on the economic calendar in Asia today

Posted: 16 Jan 2022 12:49 PM PST

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Monday morning open levels - indicative forex prices - 17 January 2022

Posted: 16 Jan 2022 11:40 AM PST

On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online. Prices are liable to swing around on not too much at all, so take care out there. Guide: EUR/USD 1.1413 USD/JPY 114.16 GBP/USD 1.3678 USD/CHF 0.9126 USD/CAD 1.2534 AUD/USD 0.7213 NZD/USD 0.6814
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