AUD traders – RBA monetary policy meeting coming up Tuesday 6 September 2022 – preview
<p>The Reserve Bank of Australia statement is due at 0430 GMT on 6 September 2022.</p><p>Earlier previews are here:</p><ul><li><a href="https://www.forexlive.com/centralbank/rba-rate-hike-coming-up-next-week-preview-of-another-50bp-hike-20220902/" target="_blank">RBA rate hike coming up next week – preview of another…
Read More »Awaiting the yuan reference rate setting, PBOC likely to hold USD/CNY under 6.9 today
<p>Yesterday's mid-rate setting for the onshore yuan was instructive. The People's Bank of China set the rate around a big figure lower than the estimate:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-mid-point-today-at-68698-vs-estimate-at-68799-20220829/" target="_blank" data-article-link="true">PBOC sets USD/…
Read More »The weekend Forex report for the week starting August 29, 2022: Fed’s Powell gets serious.
<p>In the weekend forex report for the week starting August 29, 2022, I first take a deep dive into the Fed Chair Powell Jackson Hole Symposium speech. The chair had…
Read More »USD ticking higher in Asia morning trade
<p>Major FX rates are ticking lower against the USD. Apart from the items already posted there is no other fresh news nor data of relevance.</p><p> The countdown is on to…
Read More »Société Générale see EUR/USD to as low as 0.95 next quarter
<p>An ICYMI EUR/USD view from SG:</p><ul><li>As oil prices rose in the run-up to the GFC, both European and US terms of trade suffered, but this time around, the relative effect…
Read More »Japan August preliminary (flash) Manufacturing PMI 51.0 (vs. prior 52.1)
<p>S&P Global / Markit Manufacturing PMI from Japan for August 2022. This is the preliminary (flash) reading. The final will be published next week.</p><p>Manufacturing flash 51.0 (51 is the slowest…
Read More »ICYMI – Russia’s earnings from energy exports this year up 38% on 2021
<p>Reuters with the info, citing a Russian economy ministry document it has seen</p><ul><li>Higher oil export volumes, coupled with rising gas prices, will boost Russia's earnings from energy exports to $337.5…
Read More »Fed’s Waller will be speaking on Monday 15 August 2022
<p>Governor Christopher Waller is a member of the Federal Reserve Board of Governors. The governors vote at each Federal Open Market Committee (FOMC) meeting.</p><p>Waller has been supportive of Fed tightening….
Read More »The weekend forex technical report for the week of August 15, 2022
<p>In this video, I preview the upcoming week in the forex market with the focus on the major <a href="https://www.forexlive.com/terms/c/currencies/" target="_blank" id="a2f59963-20d4-4f98-a1fa-bba46ae77d17_1" class="terms__main-term">currencies</a> vs the USD. </p><p>I also talk a…
Read More »Elon Musk says that more Tesla commodity prices are trending down than up
Tweets from the head honcho at TSLA. Musk is a lot of things, if he is tweeting as a company CEO here this is decent info. This article was written…
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