Blogs

<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>CEO of Goldman Sachs David Solomon spoke with Reuters in an interview Wednesday in Davos:</p><ul><li>expects the U.S. economy to avoid a big slowdown in 2024</li><li>warned that inflation could remain more stubborn than expected, negatively impact economic growth</li><li>"I still think there&#

<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>European Central Bank (ECB) Governing Council member Boštjan Vasle, Governor of Banka Slovenije, has joined many of his colleagues in pushing back against market expectations of imminent rate cuts. </p><p>Said that those in the market looking for rate cuts soon as springtime are getting ahead of themselves</p><p>Vas

<p>UBS Investment Bank has raised its forecast for economic growth in China this year to 4.6%, from 4.4% previously.</p><p>UBS says it expects China's property market to stabilise in the coming months, which will help support household confidence:</p><ul><li>"That should support continued post-Covid con

<p>The continuing messages from Chinese authorities are of plans for no large scale stimulus, with overnight reports of:</p><ul><li>Chinese Premier Li Qiang gave his clearest signal yet that Beijing won’t resort to huge stimulus to revive growth amid the worst bout of deflation in decades</li></ul><p> Li wa

<p>This follows news that Iran fired missiles into Pakistan targeting two bases of Baluchi terrorist group Jaish al Adl:</p><ul><li>“These bases were hit and destroyed by missiles and drones,” Iranian state media reported, </li></ul><p>There are reports now that the Pakistan military have struck inside Iran

<p>The data is here, a terrible job loss result:</p><ul><li><a href="https://www.forexlive.com/news/australia-dec-employment-651k-expected-176k-unemployment-rate-39-exp-39-20240118/" target="_blank" rel="follow" data-article-link="true">Australia Dec. Employment -65.1K (expected

<p>An ugly result, more than unwinding the strong November gain. </p><p>Further evidence that the tightness in the labour market is dissipating. A less-tight jobs market will take some of the heat from wage growth and in turn from inflationary pressures. While the RBA won't be celebrating job losses (not publicly anyway) they

<p>US media (CBS) report of strikes into Yemen on Wednesday:</p><ul><li>The U.S. conducted its fourth round of strikes against Houthi targets in Yemen in just under a week on Wednesday after the Houthis continued targeting commercial vessels, a U.S. official confirmed to CBS News. The strikes targeted several sites that were