Category Archives: Forex News

USD/JPY is notably lower, from an early high above 156.50 its fallen to lows under 155.75. Major FX elsewhere has outperformed the USD also, EUR, AUD, CAD, GBP, NZDf …. all are higher against the big dollar. Apart from what has been posted there is nothing fresh or new. USD index (DXY) 30 minute candles […]

China’s Vice President Han Zheng met soon to be VP Vance in Washington, according to state media: Han says he is willing to work with the US to promote stable, healthy, and sustainable development of China-US relations. says US-China shared interests and cooperation potential remain vast despite disagreements; dialogue and consultation can be strengthened. says […]

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 […]

People’s Bank of China Loan Prime Rate (LPR) setting. 1-year set at 3.1% expected 3.1% and prior 3.1% 5-year set at 3.6% expected 3.6%, prior 3.6% *** As I posted earlier: Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. The one-year […]

Core machinery orders data is a highly volatile series its used as a leading indicator of capital spending in the coming six to nine months The Bank of Japan is meeting this week, on January 23 and 24. A rate hike is widely expected and data such as this, which is admittedly a volatile data […]

Repeating what I posted last week as a heads up to this. Monday January 20 is the Martin Luther King Day holiday in the US: The two major stock markets – the New York Stock Exchange and the Nasdaq – will be closed on Monday, 20 January 2025 Bond markets are closed. The Securities Industry […]

The People’s Bank of China is the focus today, with LPR settings. These are not as critical as they once were. In June 2024, Governor Pan Gongsheng announced a strategic shift, designating the 7-day reverse repurchase (repo) rate as the primary short-term policy rate. However, most new and outstanding loans in China are based on […]

Mon: US Presidential Inauguration, PBoC LPR, Eurogroup Meeting; German Producer Prices (Dec) Tue: UK Unemployment/Wages (Nov), German ZEW (Jan), Canadian CPI (Dec), New Zealand CPI (Q4) Wed: South African CPI (Dec), Japanese Trade Balance (Dec) Thu: Norges Bank & CBRT Policy Announcements; US Jobless Claims (w/e 18th), Canadian Retail Sales (Nov), Japanese CPI (Dec), Swiss […]

UPCOMING EVENTS: Monday: PBoC LPR,US Presidential Inauguration Day, BoC Business Outlook Survey, New Zealand Services PMI. Tuesday: UK Employment report, German ZEW, Canada CPI, New Zealand Q4 CPI. Thursday: Canada Retail Sales, US Jobless Claims. Friday: Japan CPI, BoJ Policy Decision, Australia/Japan/Eurozone/UK/US Flash PMIs. Monday The PBoC is expected to keep the LPR rates unchanged […]

The major US stock indices are on pace to have their first positive week. Coming into the day: Dow industrial average up 2.90% S&P index up 1.89% NASDAQ index is up 0.92%. in premarket trading futures implying: S&P index 52.66 points Dow industrial average 274 points NASDAQ index up 342 points Intel shares are up […]