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 pace of the drop in the JPY not particularly alarming for the BOJ at this pointThe pace of the drop in the JPY not particularly alarming for the BOJ at this point
A snippet from ING, dismissive of concerns about possible yen intervention: Ahead of Friday’s Bank of Japan meeting, there will no doubt be more chatter […]
PBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)PBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)
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 […]
Australia’s inflation nightmare – Australia’s inflation rate is the highest globallyAustralia’s inflation nightmare – Australia’s inflation rate is the highest globally
Analysts at a top Australian investment banking firm, Barrenjoey Capital Partners, point out that Australia’s recent inflation performance is just about the worst on the […]
Suez Canal shipping chaos: Iran-linked Houthi terrorist attacks spark inflation concernsSuez Canal shipping chaos: Iran-linked Houthi terrorist attacks spark inflation concerns
UK data shows that shipping traffic through the Suez Canal artery in Egypt has plunged by 66%. This is due to cargo forced to divert […]
US data focus for Monday – Q1 advance GDP – the range of expectations to watch (and why)US data focus for Monday – Q1 advance GDP – the range of expectations to watch (and why)
On Thursday at 1230 GMT, which is 0830 US Eastern time, we get the advance reading for economic growth in US for the nau to […]
Goldman Sachs raises Brent crude oil price forecasts for 2024 and 2025Goldman Sachs raises Brent crude oil price forecasts for 2024 and 2025
Goldman Sachs has lifted its H2 2024 and 2025 Brent crude oil price forecasts higher: US$86/bbl and $82/bbl respectivelyfrom previously at $85 and $80 In […]
S&P 500 rate of earnings surprises the highest since Q3 2021S&P 500 rate of earnings surprises the highest since Q3 2021
A snippet from UBS analysts on US stocks, looking for the strongest quarterly earnings growth in over two year. UBS acknowledge that earnings season is […]
Goldman Sachs are looking for a blockbuster Q1 GDP number, way higher than everyone elseGoldman Sachs are looking for a blockbuster Q1 GDP number, way higher than everyone else
The US GDP reading, Q1 preliminary, is due at 8.30 US Eastern time on Thursday, 25 April 2024. Goldman Sachs are forecasting 3.1%, from 2.5% […]
Czech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meetingCzech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meeting
Czech National Bank Vice-Governor Eva Zamrazilova says the Bank could cut interest rates by 25 or 50 basis points at its May 2 meeting. increases […]