Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

China's January air traffic - still floundering

Posted: 15 Feb 2022 07:00 PM PST

January 2022 air passenger traffic -2.2% y/y to only 55% of its pre-covid level.Reuters citing the data. No further details. Ongoing COVID-19 outbreaks, associated restrictions and urgins from authorities to limit movement weighing. China's external sector is holding up, not so much the domestic sec

Construction of TSMC's first advanced US chip plant is 3 to 6 months behind schedule

Posted: 15 Feb 2022 06:40 PM PST

The project to build Taiwan Semiconductor Manufacturing Co.'s first advanced chip plant in the U.S was announced back in May of 2020 and construction began in June of '21. TSMC initially planned to start moving in chip production equipment by around September this year. Its running 3 to 6 months beh

Japan finance minister Suzuki says yen moves partially behind price rises

Posted: 15 Feb 2022 06:28 PM PST

Japan's Finance Minister:FX fx moves are partially behind the recent rises in Japan prices, but driven mostly by rising global fuel coststhe government is taking initiatives to reduce gasoline & fuel prices, and will take whatever steps are necessary to address the impact that rising prices might ha

The planned meeting of G7 finance officials has been delayed until March 1

Posted: 15 Feb 2022 05:39 PM PST

Reuters reporting on this, citing two sources familiar. Finance minister and central bankers from the United States, Britain, Germany, France, Italy, Canada, Japan and the European Union were due to meet later this week on the sidelines of this week's meeting of Group of 20 officials. Thei

China January CPI 0.9% y/y (vs. expected 1.0%) and PPI 9.1% y/y (vs. expected 9.5%)

Posted: 15 Feb 2022 05:30 PM PST

CPI +0.9% y/yexpected 1.0% y/y, prior 1.5%for the m/m +0.4% PPI +9.1% y/y (lowest since July 2021 ... efforts from authorities to reign in high raw/input material costs are showing a return)expected 9.5% y/y, prior 10.3%for the m/m -0.2%A slight reduftion in the rate of wholesale prices (PPI). Surg

US coronavirus - LA Country to remove its outdoor mask mandate on Wednesday

Posted: 15 Feb 2022 03:53 PM PST

Local US media with the report. 

Australia – Westpac-Melbourne Institute Leading Index data for January

Posted: 15 Feb 2022 03:45 PM PST

WPAC headline their report with the encouraging - "Leading Index now signalling above trend growth" In brief: This is the first positive, above trend, read on the Index growth rate since the 'Delta' lockdowns impacted in August last year. the Index is signalling that the growth outlook has

Australian Treasury Sec Kennedy says fiscal policy support out of Covid has to be tapered

Posted: 15 Feb 2022 02:20 PM PST

As a representative of Treasury Kennedy's remit is fiscal policy. biggest economic impact of Omicron was staff absenteeism Treasury did not foresee the impact on staffing and on supply chains negative impact of Omicron "relatively muted" not expecting it to have a large negative imp

Forexlive Americas FX news wrap: Tensions ease (somewhat) on the Russia/Ukraine border

Posted: 15 Feb 2022 02:00 PM PST

US major indices snap a three day losing streak Biden: Invasion remains distinctly possible Some of the geopolitical premium comes out of oil. How much is left? ECBs Villeroy: We will retain our full optionality about pace of normalization European major indices close higher in

Trade ideas thread - Wednesday 16 February 2022

Posted: 15 Feb 2022 01:48 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:

Private oil survey data shows headline draw in crude oil inventory

Posted: 15 Feb 2022 01:40 PM PST

Numbers via Zero Hedge blog: Expectations I had seen (different to the above) centred on: Crude -1.6mn bbls Gasoline +0.6mn Distillates -1.5mn

ICYMI - White House & congressional Democrats are considering suspending federal gas tax

Posted: 15 Feb 2022 01:28 PM PST

I posted on this a week ago: US Democrat Senators have called for a suspension of gasoline tax Via the Washington Post (may be gated) : The White House and top Democratic lawmakers are beginning to weigh a new push for a federal gas tax holiday, potentially pausing fees at the pump as pa

Here is what’s on the economic calendar in Asia today - China inflation (January)

Posted: 15 Feb 2022 01:01 PM PST

2330 GMT Australia – Westpac leading indicator for January prior -0.03% m/m 0130 GMT China inflation figures for January  China CPI expected 1.0% y/y,

Biden: Invasion remains distinctly possible

Posted: 15 Feb 2022 12:35 PM PST

Pres. Biden address the Russian/Ukraine situation Pres. Biden on Russia/Ukraine during an address to the nation: Russian attack on Ukraine is still very much a possibility Diplomacy should have every chance to succeed There are real ways to address Russian security concerns

USD/CAD gives back all the gains despite oil's fall

Posted: 15 Feb 2022 12:27 PM PST

USD/CAD drivers shift between the domestic economy, commodities and the general risk trade. Today's broader market price action put commodities and the general risk trade at odds. Oil fell hard on better news out of Ukraine while overall risk trades rallied on hopes for peace. At first, th

Some of the geopolitical premium comes out of oil. How much is left?

Posted: 15 Feb 2022 11:54 AM PST

WTI crude fell as low as $90.66 but rebounded about $1.40 from the lows to finish at $92.07, down 3.5% on the day. That's the first large daily loss for crude since November. It's been a one-way ride higher as the market reevaluated omicron and then began to price in the risk of a Russian inv
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