ForexLive Asia-Pacific FX news wrap: Aussie jobs report barely creates a ripple

June 13, 2024 at 04:43AM

Federal Reserve Bank of New York President John Williams speaks on Thursday

China’s SAFE (forex regulator) says it’ll severely crack down on illegal FX activities

ANZ forecast for Brent crude oil to USD95/bbl (12 month horizon)

Australian dollar hasn’t moved much on the jobs data – here’s when the next CPI is due

Two speakers from the Bank of Canada on Thursday: Gov. Macklem and Dep. Kozicki

Chinese commodity trader’s US$20m shipment of Russian copper gone missing: fraud questions

Australian May unemployment rate 4.0% (vs. 4.0% expected)

PBOC sets USD/ CNY reference rate for today at 7.1122 (vs. estimate at 7.2384)

Citi sees a meaningful surplus of oil ahead, Brent to as low as USD55 /bbl

FedEx to cut up to 2,000 jobs in Europe – cost reductions in weak demand environment

Japan’s Q2 Business Survey Index (BSI): Large Manufacturing -1.0% (prior -6.7%)

ICYMI: Russia’s central bank stopped trade in USD & EUR on Moscow Ex, HKD now stopped also

Australian household spending in May +1.1% m/m (prior -1%%) and +4.3% y/y (prior +2.7%)

Morgan Stanley on Biden vs. Trump – the pros and cons

ICYMI – ECB’s Schnabel spoke on Wednesday: “last mile” of disinflation is proving bumpy

New Zealand Card Sales for May: Retail -1.1% m/m and -1.6% y/y

Timing the Fed rate cut, unhelpful edition: ‘it is what it is’

Trump wants all remaining Bitcoin “to be made in the US”. Not as ludicrous as it sounds?

Goldman Sachs on May CPI – “good news, but we will need more of it” – “may” be September

The BoJ meet today and tomorrow – ‘reduction of bond buys’ chatter reignited on Wednesday

China’s vehicle sales recovered in May, government subsidies cited as helping

New US sanctions against Russia to shut down trading in USD and EUR on Moscow exchange

Trade ideas thread – Thursday, 13 June, insightful charts, technical analysis, ideas

JP Morgan senior exec says the Fed is unlikely to cut, will delay beyond mkt expectations

Forexlive Americas FX news wrap: CPI gives and Powell takes

Bank of Canada Governor Macklem says not close to limit of divergence with Fed

After
the US CPI data, then the Federal Open Market Committee (FOMC)
Statement accompanied by the updated Summary of Economic Projections
(dot plot), and then Federal Reserve Chair Powell’s press conference it was a session of digestion for Asia FX traders.

If
you missed any of that info in the paragraph above check out the US
session wrap, linked above.

As
for fresh news and data flow here in Asia it was light. We did have
the Australian employment report for May, which showed a steady
unemployment rate and a much better than expected gain for jobs. More
in the points above on this.

AUD/USD
had a minor pop on the data but it soon subsided. EUR, GBP, NZD, CAD,
CHF all lost a few points against the big dollar also.

USD/JPY
edged higher, its just over 157.00 as I post. The Bank of Japan
policy meeting is underway, we get the result tomorrow. Persistent
chatter is that the BoJ will consider trimming back its JGB buying at
this meeting.

USD/JPY back @157.00

This article was written by Eamonn Sheridan at www.forexlive.com.

HUBFX

For News Subscribe Us!

If you wish to receive the weekly market report, please subscribe. For a daily report please go to contact form to speak to the sales team.

You have been successfully Subscribed! Ops! Something went wrong, please try again.
PikPng.com_apple-icon-png_BBB

register your interest now

ALL RIGHTS RESERVED © 2024 HUBFX
Business Office at 7 Bell Yard, London, WC2A 2JR, United Kingdom

HUBFX Asia  Business Office at
100 Peck Seah St, 079333, Singapore

ALL RIGHTS RESERVED © 2024 HUBFX
Business Office at 7 Bell Yard, London, WC2A 2JR, United Kingdom

HUBFX Asia  Business Office at
100 Peck Seah St, 079333, Singapore

UKDEA24-Finalist-Badge2
GBT24_Finalist_Full-White

For clients based in the European Economic Area, payment services for HUBFX are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).  For clients based in the United States, payment services for HUBFX are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011. For clients based in the United Kingdom and rest of the world, payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

Payment services for HUBFX UK and US are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 

 

Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

Rates are indicative only. Please log in for getting your rates.