Blogs

<p>The PBoC has kept the 1-year MLF interest rate unchanged at 2.5%</p><ul><li>injects cash via MLF for the 14th month in a row</li><li>adds net CNY 216bn</li></ul><p>This is a disappointment from the PBoC, the expectation was a cut to 2.4%:</p><ul><li><a href="https://

<p>Yield on the 2 year Japanese Government Bond dropping back under zero. </p><p>USD/JPY update … where you can still get a 5%+ carry on long US dollars:</p> This article was written by Eamonn Sheridan at www.forexlive.com.

<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>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>The US PPI data on Friday certainly sparked some notable moves in markets, with the standout being in the <a href="https://www.forexlive.com/news/the-incredible-bid-in-us-2-year-notes-continues-20240112/" target="_blank" rel="follow">front end of the curve</a> in Treasuries. At the same time though

<ul><li><a href="https://www.forexlive.com/news/barclays-slashed-their-brent-crude-oil-price-forecast-by-8-a-barrel-20240115/">Barclays slashed their Brent Crude oil price forecast by $8 a barrel</a></li><li><a href="https://www.forexlive.com/centralbank/wsj-survey-of-economists-indicates-that-t

<p>An ICYMI (like I did!) from Barclays on their oil price forecasts for 2024:</p><p>Brent crude prices forecast for this year slashed by $8 to $85 per barrel</p><ul><li>primarily due to "a higher starting point for inventories and a potentially longer path to OPEC spare capacity normalization."</li&

<p>Commonwealth Bank of Australia's CommBank Household Spending Insights (HSI) index for December 2023</p><p>-3.9% m/m</p><ul><li>prior +1.6%</li><li>eight of the 12 HSI spending categories declined in December, led by a significant -16% m/m fall in Household goods</li></ul><p>F

<p>Bloomberg with the report that Qatar appears to have stopped sending LNG tankers through the Bab el-Mandeb Strait.</p><p>The stoppage has come after the US-led airstrikes on Houthi targets raised the risks in the vital transit waterway.</p> This article was written by Eamonn Sheridan at www.forexlive.com.

<p>Justin had the breaking on this on Friday:</p><ul><li><a href="https://www.forexlive.com/news/rates-may-be-higher-and-inflation-may-be-stickier-than-markets-expect-says-jamie-dimon-20240112/" target="_blank" rel="follow" data-article-link="true">Rates may be higher and inflati