Blogs

<p><img width="612" height="409" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-inflation66.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-co

<p>Bank of Korea will meet on Thursday January 11. </p><p>It's the first major Asian economy central bank to meet in the new year. </p><p>HSBC are expecting the 'on hold' at 3.25% decision to be unanimous</p><ul><li>and the Board to retain the wording ‘maintain a restrictive policy stan

<p>Australia's latest monthly CPI indicator, for November 2023, is due out on Wednesday:</p><ul><li>11.30 am Sydney time</li><li>which is 0030 GMT Wednesday and 7.30pm US Eastern time Tuesday</li></ul><p>This is the first of the two key inflation indicators ahead of the RBA’s February Board

<p>Federal Reserve Bank of Atlanta President Raphael Bostic participates in moderated conversation on the economic outlook before the Rotary Club of Atlanta </p><ul><li>due at 1230 US Eastern time, which is 1730 GMT</li></ul><p>Bostic will ve a voter on the Federal Reserve's Federal Open Market Committ

<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>Morgan Stanley's chief US economist Ellen Zentner spoke at a conference re her projections Federal Open Market Committee (FOMC):</p><ul><li>“Make no mistake, they will be cutting rates this year” </li><li>But “they can be patient and they can take their time” </li></ul><p>Morgan Stanley

<p>The executive director of China Evergrande New Energy Vehicle has been detained on suspicion of illegal activity. </p><p>Trading in the company's shared had been suspended. The firm has applied for a resumption of trading in shares effective 13:00 Hong Kong time (this is 0500 GMT and 0000 US Eastern time).</p> This a

<p>Media reports on the US' $34 trillion debt pile:</p><p>JP Morgan say it could well be a "boiling frog" phenomenon for the economy, as higher deficits and ballooning debt servicing costs could easily become unsustainable</p><p>What's this about a boiling frog? It's a metaphor (its also utterl

<p>China's blue-chip index, its CSI300, fell to its lowest level in nearly five years on Monday.</p><ul><li>Shanghai Composite Index fell 0.9%</li><li>Shanghai's tech-focused STAR50 Index fell more than 2% to fresh record lows</li></ul><p>In Hong Kong, stocks dropped another 2%</p&g