Australian data – Q4 2022 Retail sales -0.2% q/q (expected -0.6%)
<p>Retail sales from Australia, Q4 2022 comes in at -0.2% q/q</p><ul><li>expected -0.6%, prior +0.2%</li></ul><p>Australian Bureau of Statistics comments on the data:</p><ul><li>Retail sales volumes fell for the first time since the…
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7499 – 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 »PBOC is expected to set the USD/CNY reference rate at 6.7660 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Earlier:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/news/chinas-cabinet-said-it-will-promote-consumption-recovery-boost-imports-to-drive-economy-20230129/" rel="follow" target="_self" class="article-link">China's cabinet said it will promote consumption recovery, boost imports to drive economy</a></p><p class="article-slot__title title…
Read More »US stocks close with solid gains
<p>The major US stock indices are ending Friday with solid gains. For the week the Nasdaq is closing marginally higher for the 3rd week in a row but the S&P…
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7708 – 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 »PBOC is expected to set the USD/CNY reference rate at 6.7090 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Heads up for later today:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-mlf-liquidity-injection-today-unchanged-rate-expected-but-some-expect-a-small-cut-20230115/" target="_blank" rel="follow" data-article-link="true">PBOC MLF liquidity injection today – unchanged rate expected (but some expect a small…
Read More »Bitcoin makes a break for it before stalling at the November high
<p>Bitcoin began to spring to life on Thursday and has gone straight-vertical since as risk assets globally spike. The high was $21,292 where it ran into some sellers just ahead…
Read More »Australian (November) building approvals -9% m/m (vs, expected -1%)
<p>Interest rate rises impacting, of course.</p><p>Property prices in Australia have fallen with the RBA hiking rates. This makes new construction activity less attractive at the margin. </p><p>Private sector house approvals…
Read More »Futures trading 101: Where do I even start?
<p>Futures trading 101</p><p dir="ltr">Taking advantage of short-term price swings, within intraday day trading of "scalping", in the financial markets through the practice of day trading futures is a common approach…
Read More »Japan December (final) Services PMI 51.1 (prior 50.3)
<p>Earlier this week we had:</p><ul><li><a href="https://www.forexlive.com/news/japan-manufacturing-pmi-for-december-final-489-vs-prior-490-20230104/" target="_blank" rel="follow" data-article-link="true">Japan manufacturing PMI for December (final) 48.9 (vs. prior 49.0)</a></li></ul><p>The preliminaries and priors for the December PMIs are here:</p><ul><li><a href="https://www.forexlive.com/news/japan-jibun-preliminary-flash-manufacturing-pmi-for-december-488-prior-490-20221216/" target="_blank" rel="follow">Japan…
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