Blogs

<p>The surplus is just under the central estimate. </p><p>That's a big drop for imports from the previous month and will raise worries about weak Australian economic growth after yesterday's Q3 GDP was a miss:</p><ul><li><a href="https://www.forexlive.com/news/australian-q3-gdp-02-qq-vs-expected

<p>US Naval Air Systems Command said that the US Navy has grounded all its V-22 Osprey aircraft.</p><p>This follows the crash that killed 8 service members in Japan last week.</p><ul><li>grounding went into effect on December 6</li><li>applies to all of the Navy’s variants</li><li>“Prelimi

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/usdjpy-sinks-to-fresh-lows-in-over-three-months-20231207/">USD/JPY sinks to fresh lows in over three months</a></li><li><a href="https://www.forexlive.com/centralbank/boj-governor-ueda-says-had-regular-exchange-of-views

<ul><li>Prior 36.84k</li></ul><p>Compared to the same month last year, job cuts are down by roughly 41% but then again there was an exceptional number of tech layoffs in November of 2022. So, there's that to consider. The 45,510 layoffs last month brings the year-to-date total to 686,860 and that's roughly a

<ul><li>Agreed with Xi that trade should be balanced between China and EU (von der Leyen)</li><li>Agreed to cooperate on AI at global level (von der Leyen)</li><li>Expects China to take more concrete actions to increase market access for foreign firms (Michel)</li><li>Need to make trade and economic r

<p>The discussions are said to have moved to sorting out the key technical details, in a sign that the SEC may soon approve Bitcoin ETFs. That being said, there are still sticking points namely whether issuers will create a cash or an "in-kind" settlement mechanism, the sources said.</p><p>For now, the SEC has declined t

<p>There's no stopping the Japanese yen today as it seems like those who were short i.e. long USD/JPY over the last few months, are all jumping ship. I find it hard to fathom that Ueda's remarks earlier today can be that big of a catalyst. However, it is perhaps a trigger point coupled with a […]

<ul><li>GDP 0.0% vs +0.1% y/y second estimate</li></ul><p>Euro area GDP is confirmed to see a marginal contraction in Q3. Looking at the breakdown, household consumption contributed +0.2% with government final expenditure contributing +0.1% on the quarter. This was offset by changes in inventories, which was -0.3%, whi

<p>USD/JPY is down 1.4% to 145.30 currently with the low earlier briefly touching 145.05 in European trading. The drive lower owes to BOJ governor Ueda's <a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-ueda-talks-about-exit-yen-rallies-20231207/" target="_blank" rel="follow">

<p>USD</p><ul><li>The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement.</li><li>Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.</li><li>The US Core PCE last