Blogs

<p> Goldman Sachs have raised their economic growth forecast for the US in 2024:</p><ul><li>to 2.3% from 2.1% previously</li><li>GS says they see a much lower risk of recession compared with other analysts</li></ul><p>Goldman Sachs's Federal Open Market Committee (FOMC) outlook:</p>&l

<p>Keidanren is a significant organisation in Japan with close links to Japan’s ruling Liberal-Democratic Party. It provides advice to the government on economic issues. </p><p> Its calling on its members to raise workers' pay.</p><p>Higher pay is what the Bank of Japan is watching for to reduce its monetary easin

<p>Coming up at 1600 GMT on Tuesday, 16 January 2024</p><ul><li>which is 11 am US Eastern time </li></ul><p> Federal Reserve Board Governor Christopher Waller speaks on the economic outlook before the Brookings Institution. Waller tends towards the hawkish end of the spectrum, but is likely to dial it back

<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>Bank of England Governor Bailey will be appearing in the parliament today, Tuesday, 16 January 2024. </p><p>At 1500 GMT (which is 10 am US Eastern time) Bailey will be testifying before Economic Affairs Committee with his views on the economic and policy outlook. </p><p>Top of the agenda will likely be the expectati

<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>If you look at the voting tally, it's almost a foregone conclusion now that Trump is going to be the one representing the Republican camp for presidential nomination. And really, was there any doubt? With 95% of votes counted so far in the Iowa contest, Trump has 51.1% with Ron DeSantis coming in second place […]

<p>After the hiatus yesterday, Treasury yields are pushing higher to start the new week with 10-year yields now nearing 4%. That is among a few reasons underpinning the dollar this week, but is a key driver for the push higher in USD/JPY that we are seeing. The pair is now trading to the highs seen […]

<p>This builds on yesterday's action here: <a href="https://www.forexlive.com/news/eurusd-getting-closer-to-a-technical-breakout-20240115/" target="_blank" rel="follow">EUR/USD getting closer to a technical breakout?</a></p><p>After having been in consolidation between 1.0900 to 1.100

<ul><li>Keidanren bears social responsibility to aim for wage growth that outweighs inflation</li><li>To strongly ask each firm to consider, implement wage hikes as much as possible</li><li>There is a strong sense of urgency that Japan's economic future rests on whether we can accelerate towards structural w