Large manufacturers sentiment in Japan has declined for 3 consecutive quarters
<p>The Bank of Japan Tankan survey of manufacturers and non-manufacturers.</p><p>Large manufacturing sentiment has fallen for 3 straight quarters, at it lowest since March of 2021</p><p>Non-manufacturing though hs improved for 2…
Read More »Japan preliminary September PMIs. Manufacturing 51.0 (prior 51.5) Services 51.9 (49.5)
<p>Jibun flash PMIs from Japan for September. </p><p>Manufacturing 51.0 (slowest in 20 months)</p><ul><li>prior 51.5 </li></ul><p>Services 51.9 </p><ul><li>prior 49.5</li></ul><p>Composite 50.9</p><ul><li>prior 49.4</li></ul> This article was written by Eamonn Sheridan at forexlive.com.
Read More »South Korea warns it will proactively respond to herd like behaviours in the FX markets
<p>South Korea's Finance Minister with the forex intervention threat. </p><p>It comes as the Korean won has fallen to its lowest against the US dollar since March 2009. The KRW is…
Read More »Australian data – Westpac Leading Index for August -0.05% m/m (prior -0.17%)
<p>The indicator is barely changed. </p><p>AUD/USD is not doing much. FX markets are awaiting the Federal Open Market Committee (FOMC) later on Wednesday. </p> This article was written by Eamonn…
Read More »US equity indexes extend gains, USD drops further
<p>Apart from what has already been posted to the site there is no fresh news. </p><p>ES, NQ and other indexes (futures) are higher on Globex trade. Currencies against the USD…
Read More »USD/JPY back to 143.00 and below
<p>Asia trade is well underway and the USD is a little on the soft side. Not by a lot but noting it. </p><p>USD/JPY is under 143.00, dropping away reasonably quickly…
Read More »Australian Westpac Consumer Sentiment rises 3.9% m/m (prior -3%)
<p>Earlier in the session we had:</p><ul><li><a href="https://www.forexlive.com/news/australia-consumer-confidence-weekly-survey-drops-05-ww-20220912/" target="_blank" data-article-link="true">Australia consumer confidence weekly survey drops 0.5% w/w</a></li></ul><p>The Westpac monthly survey showed a rise for September, to 84.4 from 81.2 in August….
Read More »US Nonfarm payroll report due Friday, 8 July 2022 – preview
Due at 1230 GMT: Snippet via Société Générale: Employment gains are slowing, and we view this as inevitable as more of the unemployed have found jobs and the unemployment rate has…
Read More »Here’s why betting against the BOJ is a ‘widow maker’ trade
This from Bloomberg (gated) ICYMI, tracing some of the history of bets made against the Bank of Japan since, at least, 1994. 1994! Betting against the BOJ has confounded some of…
Read More »China COVID update. Beijing further relaxes curbs, Shanghai declare victory … but …
Beijing will reopen primary and secondary schools for in-person classes. Senior and middle high schools were allowed to return to classrooms from June 2, now all are reopening. Beijing shut…
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