Bank of America says US 10 year yield is unlikely to rise above 5.25%!
Economists at Bank of America forecast the yield on US 10 years to 4.75% this year, but concede it could rise higher: could get above 5% depending on the Federal…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.3138 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Forexlive European FX news wrap: Trump mulls a national emergency declaration for tariffs
US MBA mortgage applications w.e. 3 January -3.7% vs -12.6% prior Trump mulls a national emergency declaration to allow for new tariff program – report Cable turns lower on the…
Read More »Spain December preliminary CPI +2.8% vs +2.6% y/y expected
Prior +2.4% HICP +2.8% vs +2.6% y/y expected Prior +2.4% The concern for the ECB is that core annual inflation here is seen ticking higher to 2.6%, up from 2.4%…
Read More »ForexLive Asia-Pacific FX news wrap: USD/JPY pulls back from above 158.00
China’s MIIT predicts a 5.7% y/y growth in industrial output for the January to December China’s industrial profits decline four straight months, but at a slower rate Japan finance minister…
Read More »Spain Q3 final GDP +0.8% vs +0.8% q/q prelim
Prior +0.8% GDP +3.3% vs +3.4% y/y prelim Prior +3.2% No change to the quarterly estimate as the Spanish economy remains one of the few bright spots in Europe, especially…
Read More »ECB’s Vujcic says the Bank’s “direction is clear … further reduction of interest rates”
Boris Vujčić, Governor of the Croatian National Bank and European Central Bank Governing Council member spoke in an interview Saturday, confirming what we all know – more rate cuts to…
Read More »Japan October Industrial Output +2.8% m/m (preliminary +3%) +1.4% y/y (prelim -2.6%)
Final industrial output data, Japan October 2024 +2.8% m/m +1.4% y/y Improvements from September. The preliminary readings for this was: Industrial Output +3.0% m/m (prior was +1.6%) Industrial Output -2.6%…
Read More »ANZ recommends selling AUD/CAD, targeting 0.86
This comes via eFX. ANZ recommends selling AUD/CAD, expecting the pair to weaken due to AUD’s greater sensitivity to risk sentiment and trade dislocations, while the negative CAD narrative is…
Read More »RBA’s Bullock: We did not explicitly consider an interest rate cut today
We looked at what we found since the previous meeting And used that to ask the question whether the current policy stance is appropriate or not The discussion was mostly…
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