Blogs

<p>US stocks had a bit of a hiccup on Wednesday but recovered some poise in halving that drop in trading yesterday. As such, this puts Wall Street on course for eight straight weeks of gains. That will match the longest streak since 2017 and if my records are right, you have to go all the […]

<p>The estimated reading today should show a slight bounce in UK retail sales in November, with activity up 0.4% after the 0.3% drop in October. But as we have been seeing in recent months, the actual data have been disappointing expectations. UK households are continuing to feel the pinch amid high inflation and higher interest […]

<ul><li><a href="https://www.forexlive.com/centralbank/us-core-pce-price-index-fed-preferred-inflation-indicator-is-due-friday-ranges-to-watch-20231222/">US Core PCE Price Index (Fed preferred inflation indicator) is due Friday: Ranges to watch</a></li><li><a href="https://www.forexlive.com/cent

<p>It's a big data event ahead on the US for today, Friday 22 December, with the keenly awaited Core Personal Consumption Expenditures (PCE) Price Index:</p><ul><li>due at 0830 US Eastern time </li></ul><p>You can see the median consensus estimates in the screenshot above. The ranges for the Core PCE t

<p>Mitsubishi UFJ Financial Group (MUFG) President Hiroki Kamezawa spoke in an interview with Japanese media outlet Asahi Shimbun/</p><p>MUFG is Japan's largest financial group and the world's second largest bank holding company.</p><p>Kamezawa said that the Bank of Japan's goal of rising prices accompan

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>Data from the Reserve Bank of Australia.</p><p>The housing and business credit numbers leading the way.</p><p>AUD is getting some love:</p><ul><li><a href="https://www.forexlive.com/news/the-australian-dollar-is-in-an-interesting-spot-for-2024-20231221/" target="_blank" rel=&

<p>Bank of China is a commercial bank.</p><ul><li>its cutting interest rates on some of its yuan deposit products</li><li>from December 22 (i.e. today)</li></ul><p>BoC are not the only bank in China cutting rates. </p><p>The Industrial and Commercial Bank of China (ICBC) is lowering

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>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

<p>Bank of Japan October 2023 monetary policy board meeting minutes.</p><p>Headlines via Reuters:</p><ul><li> Members agreed need to patiently maintain current easy policy</li><li>Several members said must sustain YCC to continue supporting wage growth</li><li>Another member said must conf