Fed officials didn’t schedule any speeches today because of the Veteran’s Day holiday, but rest assured, they’re eager to hit the wires again. The next Fed decision is December 18 and the market has priced an 85% chance of a rate cut but beyond that, the market is far less certain. If the Fed wants

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

New Zealand Inflation Forecast for Q4 2024: 2 yrs 2.12%, jumping from the previous quarter 1 yr 2.05%, contrasts with a drop from the previous quarter survey NZD/USD hasn’t really moved on the data. The RBNZ is expected to cut its cash rate again at its November 27 meeting. Source link

The Hong Kong Monetary Authority is Hong Kong’s central bank. The HKD trades in a band linked to the US dollar prescribed by the HKMA. You can see the limits of the band in the chart below. – The Hong Kong Monetary Authority (HKMA) often adjusts its interest rates in line with the U.S. Federal

South Korea’s finance minister, Choi Sang-mok, spoke at a meeting with top economic and financial policymakers to review the implications of the U.S. Federal Reserve’s policy meeting outcome. said authorities will respond in a timely manner if volatility heightens excessively government’s 24-hour monitoring system, which had been run to monitor the Middle East situation, would

Mon: US Holiday: Veterans Day. BoJ SOO (Oct), BoC SLOS; Norwegian CPI (Oct) Tue: Fed SLOOS, OPEC MOMR; German CPI (Final), ZEW (Nov), UK Unemployment/Weekly Earnings (Sep), US NFIB (Oct) Wed: Riksbank Minutes (Nov), EIA STEO; Australian Wage Price Index (Q3), US CPI (Oct) Thu: ECB Minutes (Oct), Banxico Policy Announcement, IEA OMR; Australian Unemployment

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 yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate

Bowman dissented at the FOMC prior to this week’s. No dissent at yesterday’s meeting though. 1600 GMT / 1100 US Eastern time: Federal Reserve Board Governor Michelle Bowman participates in conversation on banking topics before the University of Mississippi School of Business Banking and Finance Symposium 1930 GMT / 1430 US Eastern time: (PRE-RECORDED) Federal

Looking at wages, margins and labour market tightness To a large extent, we will have to look through inflationary impact of government budget Gradual reduction in interest rates is conditional Political developments in the US and Germany do pose some questions Nothing there that hasn’t been said by Bailey already yesterday. There continues to be

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

1110 GMT / 0610 US Eastern time: Panel participation by Toni Gravelle, Deputy Governor of the Bank of Canada at European Central Bank Conference on Money Markets. Earlier this week from the BoC: BOC Meeting minutes: BOC felt upside pressure on inflation will continue to decline This article was written by Eamonn Sheridan at www.forexlive.com.

We’ve watched the run-up in bond rates and they’re nowhere near a year ago. We will see where they settle We’ve all read decompositions on why yields have moved up but we think they’re about fewer downside risks and better growth (not inflation) We don’t guess, speculate or assume on fiscal policy Data has been

Will strengthen communication with markets To steadily promote opening up of China’s financial services industry and markets Will promote a sustained economic recovery The headlines noted that he provided an “in-depth explanation” of China’s current monetary policy stance and considerations to the central bank’s framework to said institutions. But from the remarks above, it is

1400 GMT / 0900 Eastern time: Opening remarks by Rhys Mendes, Deputy Governor of Bank of Canada at The John Kuszczak Memorial Lecture From the site: Sounds complicated. Link to the webinar is here. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate

Major Chinese state banks selling USD/CNY trying to contain the yuan losses. Good luck with that. The USD is being driven by election results. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

The Bank of Canada meeting minutes for the October 2024 meeting. The BOC cut rates by 50 basis points at the October 23 meeting: Ahead of Bank of Canada’s October 23 rate announcement, governing council felt upside pressures on inflation will continue to decline, so policy did not need to be as restrictive. Governing council

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Reserve Bank of Australia left its cash rate unchanged and didn’t signal any change in policy is immininet. Check these out, lifted from the barrage of headlines below: Underlying inflation remains too high Inflation is not expected to return sustainably to the midpoint of the target until 2026 The labour market remains tight, and demand

The Reserve Bank of Australia is expected to leave its cash rate unchanged at 4.35%. The statement is due at 2.30 pm Sydney time on Tuesday, November 5, 2024: 0330 GMT 2230 US Eastern time (Monday evening) Reserve Bank of Australia Governor Bullock press conference will follow an hour later As far as the tone

You all set for the US election? In the interests of ‘what to expect’, this summary of an interview with an analyst at JP Mrgan Asset Management on scenarios under a Harris and Trump win. Expects higher rates under Trump, citing more expansionary fiscal policy: “If you have a Republican sweep with the Trump victory,

None of these look very promising for comments pertinent to markets and trades. Times are in GMT / US Eastern time: 0830/0430 ECB Governing Council member and Governor of the Central Bank of Cyprus Christodoulos Patsalides speak at credit risk conference in Nicosia on current challenges in banking sector 1230/0830 Keynote speech by ECB Board

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate

Reuters poll of economists finds: RBA on hold in November and December All 30 economists in the poll expected the RBA to hold at 4.35% at the November 4-5 meeting All but one expect a hold at the December meeting 20 of 29, expected a 25 basis point cut in February 8 predict no change

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Mon: Japanese Holiday: Culture Day. Eurogroup Meeting, EZ Manufacturing PMI Final (Oct), Sentix (Nov), US Employment Trends (Oct), Factory Orders (Sep), Australian Composite/Services PMI Final (Oct) Tue: US Election. RBA Policy Announcement; BoC Minutes (Oct), RBNZ FSR; Chinese Caixin Services PMI Final (Oct), Swiss Unemployment (Oct), UK Composite/Services PMI Final (Oct), US Composite/Services PMI Final

The US dollar is broadly lower in the aftermath of the non-farm payrolls report and it’s not just because the headline was soft at +12K versus +113K expected. That could be explained away by hurricane impacts and strikes. The kicker is that the prior two months were revised by a net 112K jobs, which brings

The Atlanta Fed GDPNow growth estimate for the fourth quarter fell to 2.3% from 2.7% in the initial release yesterday. Of note is that the third quarter estimate from the Atlanta Fed’s model was spot on at 2.8%. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in