IMF: Yen’s recent declines are driven by fundamentals, criteria not met for intervention
Alongside the surge in USD/JPY Japanese authorities have insisted, over and over again, that the rate should trade in a stable fashion ‘driven by fundamentals’. And over and over again…
Read More »Australian September business confidence unchanged at +1
National Australia Bank Business Survey for September 2023 business confidence unchanged at +1, its third month in a row at this level business conditions +11, from +14 in August Highlights…
Read More »Australian private survey September CPI 0.0% m/m (prior 0.2%)
Melbourne Institute monthly inflation gauge flat m/m prior +0.2% +5.7% y/y prior +6.1% For the trimmed mean, +0.1% m/m and +5.1% y/y prior +0.1% m/m and +5.7% y/y This indicator…
Read More »Chinese authorities are investigating suspicious commodity trades
Bloomberg has the report saying Chinese authorities are accelerating a crackdown on some commodities transactions they view as offering little economic benefit: have escalated probes into trades they suspect are…
Read More »ICYMI: JPMorgan artificial intelligence aims to decipher Fed speeches, give trade signals
Bloomberg reported on this earlier in the week, as did other outlets. JP Morgan analysts are experimenting with a ChatGPT-style language model to divine policy signals in Federal Reserve statements…
Read More »North Korea not answering daily ‘hotline’ call from South Korea, fifth consecutive day
Yonhap with the report: North Korea remained unresponsive to daily routine calls with South Korea through an inter-Korean liaison communication channel for the fifth straight day Tuesday, according to Seoul’s…
Read More »Markets in Hong Kong and China are closed for a holiday today
<p>A heads up for local holidays here in Asia. </p><ul><li>It's the Qingming Festival / Tomb Sweeping holiday. </li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.
Read More »Australian February retail sales +0.2% m/m (expected +0.1%)
<p>Australian February retail sales +0.2% m/m </p><ul><li>expected +0.1%, prior +0.4%</li><li>preliminary reading, more will follow on April 3</li></ul><p>For the y/y, up 6.4%</p><p>AUD is heading a little higher but its more of…
Read More »PBoC expected to set USD/CNY mid-point for Friday, 24 March at 6.8367, Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at www.forexlive.com.
Read More »USD/JPY drops under its overnight low ahead of BOJ meeting today
<p>USD/JPY activity is thnner than normal with the Bank of Japan meeting announcement due in around 3 hours time (there is no firmly scheduled time). </p><p>While the consensus is for…
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