Blogs

<p>Federal Reserve Governor Bowman spoke earlier at the South Carolina Bankers Association 2024 Community Bankers Conference.</p><p>Post is here:</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-bowman-says-she-remains-willing-to-hike-if-inflation-progress-stalls-20240108/" target="

<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>Japanese media, Nikkei, report on how the Bank of Japan is likely to have offloaded some of the shares it has accumulated. Nikkei says </p><ul><li>The BOJ is believed to have turned a seller in 2023 as its sales of stocks previously purchased from banks as part of measures to stabilize the financial system likely outstrip

<p>In a note on Monday Deutsche Bank downgraded European stocks to neutral.</p><p>DB are wary in the short term:</p><ul><li>"We expect markets to go mostly sideways with a mild setback of not more than 5% from current levels, predominantly in parts of the market that have seen the biggest inflows in the four

<p>Dow Jones conveys a report in <a href="https://shippingwatch.com/carriers/article16738006.ece" target="_blank" rel="nofollow">Shippingwatch </a>(may be gated) that some shipping lines have made agreements with the Houthis to prevent their ships from being attacked in the Red Sea.</p><ul>

<p>I posted earlier on the yen rally:</p><ul><li><a href="https://www.forexlive.com/news/usdjpy-back-under-14400-after-tokyo-inflation-data-20240109/" target="_blank" rel="follow" data-article-link="true">USD/JPY back under 144.00 after Tokyo inflation data</a></li>&l

<p>The Tokyo CPI data is here, slowing but with core-core still elevated:</p><ul><li><a href="https://www.forexlive.com/news/tokyo-headline-cpi-for-december-24-yy-prior-26-20240108/" target="_blank" rel="follow" data-article-link="true">Tokyo headline CPI for December 2.4% y/y (p

<p>The data is here, the 2% m/m is the biggest in 2 years:</p><ul><li><a href="https://www.forexlive.com/news/australian-november-retail-sales-20-mm-expected-12-20240109/" target="_blank" rel="follow" data-article-link="true">Australian November Retail Sales +2.0% m/m (expected +

<p>Retail sales in Australia for November 2023 +2.0% m/m</p><ul><li>expected +1.2% m/m, prior -0.2%%</li><li>the dollar amount was AUD36.5bn, a record monthly high</li></ul><p>For the y/y +2.2%. </p><p>There is some distrust of the figures at this time of year, the relatively new Bla