<p>Last month this data sent a shiver through Australian financial markets, with a huge jump:</p><ul><li><a href="https://www.forexlive.com/news/australian-private-survey-of-inflation-soared-by-1-mm-in-december-the-most-in-17-months-20240115/" target="_blank" rel="follow" data-article-link=&q
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Fed head Powell: A March Federal Open Market Committee (FOMC) rate cut is unlikely
<p>Federal Reserve Chair Powell:</p><ul><li> With economy strong, we feel we can approach rate cut timing question carefully</li><li>Confidence is rising, but want more confidence before taking 'very important step' of starting rate cuts</li><li>Making good progress on inflation</li>&l
The bond market remains a key focus in trading this week
<p>It was a tale of two halves in the bond market last week. The first saw peculiarly strong bids in Treasuries, which led to a big drop in USD/JPY and a decent rally in the likes of gold. The second was a reversal of that after the Friday jobs data, in which bonds were sold […]
ForexLive Asia-Pacific FX news wrap: Fed Chair Powell spoke, reiterated Wednesday comments
<ul><li><a href="https://www.forexlive.com/centralbank/bank-of-england-chief-economist-huw-pill-speaking-monday-5-february-2024-20240205/">Bank of England Chief Economist Huw Pill speaking Monday, 5 February 2024</a></li><li><a href="https://www.forexlive.com/news/an-australian-citizen-has-been-
An Australian citizen has been given a (suspended) death sentence by a Chinese court
<p>Chinese-born Australian citizen writer Yang Jun has been given a suspended death sentence in China. The death sentence came with a two-year reprieve that could see him given life imprisonment instead.</p><p>Australia's Foreign Minister Penny Wong describes it as "harrowing news"</p><ul><li> &quo
Chinese stock markets continue to get slammed lower
<p>Over the weekend we had continued bland and vague promise from Chinese officials trying to prop up the stock markets:</p><ul><li><a href="https://www.forexlive.com/news/weekend-china-pledged-to-stabilise-markets-but-policymakers-offered-no-specifics-20240204/" target="_blank" rel="follow"
New quality glitch to delay some Boeing 737 MAX deliveries – mis-drilled holes
<p>Info via Reuters report:</p><ul><li>Boeing said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying near-term deliveries</li><li>its supplier Spirit AeroSystems discovered two mis-drilled holes on some fuselages</li><li> Boeing confirmed the findin
US Central Command said forces conducted strikes on four Houthi cruise missiles
<p>USCENTCOM statement </p><ul><li>On Feb. 4, at approximately 5:30 a.m. (Sanaa time), U.S. Central Command forces conducted a strike in self-defense against a Houthi a land attack cruise missile. </li><li> Beginning at 10:30 a.m. U.S. forces struck four anti-ship cruise missiles, all of which were prepared to la
China Caixin Services PMI for January 52.7 (prior 52.9)
<p>Activity in China’s services sector grew for a 13th straight month in January, but at a slightly slower pace than the previous month.</p><p>Caixin PMIS:</p><p>Services PMI 52.7 </p><ul><li>expected 53.0, prior 52.9</li></ul><p>Composite 52.5</p><ul><li>prior 52.6
Mastering the art of trading: Futures vs Index vs ETF, example ES vs SPX vs SPY
<p>Navigating the giants, futures, index or ETF: ES, SPX, and SPY – A trader's guide