<ul><li><a href="https://www.forexlive.com/news/us-december-sp-global-final-services-pmi-514-vs-513-prelim-20240104/" target="_blank" rel="follow">Prior </a>was 51.4</li><li>Manufacturing vs 47.9 expected</li><li>Prior manufacturing was 47.9</li><li>Composite
Blogs
China finally turns on the taps. Is this it?
<p>China is the big focus today after a not-entirely-surprising RRR cut. It came earlier than expected but the rumblings were certainly there.</p><p>That it came after a leak about offshore fund repatriation to buy Chinese equities can hardly be seen as a coincidence.</p><p>I <a href="https://www.forexlive.com/
HSBC 3 reasons to like the USD at the expense of EUR, GBP, AUD. Lower AUD range forecast.
<p>HSBC comments centre on the USD, their outlook for the Federal Open Market Committee (FOMC), and how thats going to play out for major FX.</p><p>In summary, analysts at the bank remain bearish on European FX, citing the central bank outlook, the geopolitical outlook, and domestic economy issues</p><ul><li>“As
ICYMI – PBOC to cut reserve requirement ratio by 50bp from 5 February
<p>The People's Bank of China missed its chance to cut interest rates for the real economy earlier this week, leaving the loan rates fixed at:</p><ul><li>3.45% for the one year</li><li>4.20% for the five year</li><li><a href="https://www.forexlive.com/centralbank/pboc-loan-prime-rates-lpr
Forexlive Americas FX news wrap 24 Jan. Bank of Canada tilts toward easier policy.
<ul><li><a href="https://www.forexlive.com/news/tesla-earnings-a-miss-on-the-top-and-bottom-line-20240124/">Tesla earnings: A miss on the top and bottom line</a></li><li><a href="https://www.forexlive.com/news/us-stock-markets-limp-into-the-close-dulling-a-strong-start-20240124/">US stoc
The ECB has asked some banks to monitor social media for early signs of bank runs
<p>An interesting, if perturbing, piece from Reuters overnight, citing two unnamed, 'banking executives' as sources. </p><p>In brief:</p><ul><li>European Central Bank has asked some banks to closely monitor activity on social media to detect a worsening in sentiment which could lead to a deposit run<
Economic calendar in Asia on Thursday, 25 January 2024 is nearly empty: RBA Bulletin
<p>Flow of funds data from Japan is at 2350 GMT, followed by the RBA at 0030 GMT (1730 US Eastern time). </p><p>The Bulletin is published quarterly. It contains articles on the economy and financial system from teams throughout the Reserve Bank of Australia.</p><p>There is usually no AUD movement upon this release. <
Trade ideas thread – Thursday, 25 January, insightful charts, technical analysis, ideas
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
Tesla earnings: A miss on the top and bottom line
<p>Expectations for Tesla were :</p><ul><li>EPS of $0.71 vs $0.74</li><li>Revenue of $25.1B vs $25.6 billion expected</li><li>Auto gross margins: 17.6% vs 23.8% last year</li><li>COGs declined sequentially</li><li>We expect the ramp of the cybertruck to be longer than other mod
US stock markets limp into the close, dulling a strong start
<p>US stocks had a powerful rally going midway through the day but a soft 5-year auction and some earnings angst took away the punch bowl.</p><p>On the day:</p><ul><li>S&P 500 +0.1%</li><li>Nasdaq Comp +0.3%</li><li>DJIA -0.3%</li><li>Russell 2000 -0.6% </li><l