European markets opened little changed today: With the US markets closed for Martin Luther King Day, and Trump’s inauguration as the 47th US President later today (17:00 GMT), market activity is expected to remain muted. US futures are similarly calm, with S&P 500 futures up just 0.1%. China Leadership Shift at the PBOC A Reuters
#MonetaryPolicy #GlobalMarkets As HUBFX’s Chief Economist, I am delving into the latest financial trends, central bank strategies, and global economic developments. This week, key insights span Japan’s cautious monetary stance, China’s pension expansion, and Australia’s surprisingly robust labor market data. Let’s dive into the implications and potential market movements. 🔍 Bank of Japan’s Likely Standstill
Insights on US Mortgage Data, GBP/USD Trends, and Key Economic Updates 📰💹 US MBA Mortgage Applications: Surging Activity Amidst Mixed Trends 🏡📊 Date: November 22, 2024Reported: +6.3% (prior +1.7%) The US MBA Mortgage Applications index saw a significant surge of 6.3%, driven by a sharp rise in purchase activity. This uptick underscores stronger homebuyer interest,
USD/JPY Technical Analysis: Navigating Key Levels and Trends 1. Market Overview: A Week of Rangebound Movement 🌀 The USD/JPY pair has exhibited a rangebound trading pattern throughout the past week. Despite sporadic late-day strength in the USD, these gains were largely erased, leaving the pair oscillating around critical levels. 2. Daily Chart Analysis: Consolidation Around
Overview Today’s market movements reflect a complex interplay of political developments, economic indicators, and sector performance. Notably, the UK financial landscape is under scrutiny following the Labour Party’s first budget in 15 years, leading to significant shifts in bond yields and currency valuations. UK Economic Developments A spokesperson for Labour leader Keir Starmer commented on
HUBFX Market Report: October 9, 2024 – Trade Ideas and Market Insights Good morning, afternoon, and evening to all our global traders! Today’s economic calendar is packed with Federal Reserve speeches, crude oil updates, and ongoing geopolitical tensions. Market participants are keeping a close eye on the USDJPY, EURGBP, and crude oil as critical technical
December 30, 2024 at 02:13PM The GBPUSD moved higher into the US open, but has since reversed lower on risk-off flows (?). Stock in the US are getting hammered in pre-market trading. Admittedly, the declines are not being pushed by any news, except Friday was soft and today, the selling is continuing. Looking at the GBPUSD, the price moved up and stalled at
December 26, 2024 at 03:26PM While UK traders celebrate Boxing Day, the GBP/USD is under pressure, falling to new session lows and extending its decline further away from the downward-sloping 100-hour moving average. The pair opened the post-Christmas trading day just below the 100-hour moving average, currently at 1.25365, and remained below it during the Asian Pacific session. As the day progressed into
December 24, 2024 at 09:35AM For the longest of time now, the pair has been caught within a 1,000 pips range over the last eight years. And that’s just the extremes in certain years. Most of the time, the pair has nestled within a much tighter range during this period. But with the over 4% decline this year, there is a chance for
December 23, 2024 at 11:30PM UBS has reiterated its recommendation for investors to capitalize on further dollar strength by diversifying into other currencies. Despite recent gains in the US dollar, driven by shifting expectations for Federal Reserve and US government policy, the bank maintains that the dollar remains overvalued. While UBS does not anticipate a sharp decline in the greenback in the near
December 23, 2024 at 03:37PM The GBP/USD rallied on Friday after sharp declines on Thursday, driven by the BOE’s dovish rate decision, where three members voted for a rate cut. The downward move pushed the pair below the November low of 1.24865, reaching 1.24739—the lowest level since May. However, momentum stalled, and the pair rebounded on Friday, supported by weaker-than-expected US PCE data.
December 20, 2024 at 10:06AM Fundamental Overview The USD got a boost from the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed matched the market’s pricing. Nonetheless, the market reacted in a big way pushing Treasury yields higher and giving the USD a tailwind. The data is what really matters now
January 20, 2025 at 03:30PM Future Sales Expectations at +31% vs +13%: Improved outlook with stronger demand expected, boosted by interest rate cuts (highest since Q2 2021) More widespread plans to increase investment, well above historical average Recession expectations at 15% vs 16% Further easing in capacity constraints, labor shortages less intense Labor shortages among
January 20, 2025 at 02:39PM Says he’s fine with the current policy stance Data broadly in line with our forecasts Big focus on FX movements Market pricing of rate cut is reasonable The market is pricing in a 92% chance of an ECB rate cut on Jan 30 and almost fully priced for another one
January 20, 2025 at 02:28PM US equity markets won’t open today due to the MLK holiday but indications are good for tomorrow with S&P 500 futures up 29 points. Futures were lower before the report saying that Trump won’t impose tariffs today but instead will issue a memo to study trade practices. If anything, I
January 20, 2025 at 01:58PM I’ve been writing about this since the election and it’s worth repeating now. Trump’s economic campaign was on three things: Boosting the stock market Narrowing trade deficits via tariffs Narrowing fiscal deficits Those three goals are incompatible. I have emphasized that the way to trade Trump is to believe that
January 20, 2025 at 01:52PM Ed O’Keefe at CBS News obtained excerpts from Trump’s inaugural address, though I don’t see anything surprising here it sets the table for what comes after he’s sworn in. “I return to the presidency confident and optimistic that we are at the start of a thrilling new era of national
January 20, 2025 at 01:33PM The first market-moving headline of the day is out with the WSJ reporting that Trump will lay out a trade vision but won’t impose new tariffs yet. The US dollar is down 50-100 pips across the board on the headlines. President-elect Donald Trump is planning to issue a broad memorandum
January 20, 2025 at 12:36PM Headlines: Reminder: US markets will be closed today Weekly update on interest rate expectations Bitcoin at fresh record highs as Trump meme coin sparks buying fever ECB’s Holzmann: A rate cut is not a foregone conclusion for me at all China reportedly set to promote Zou Lan to PBOC deputy
January 20, 2025 at 10:28AM It is a US holiday in conjunction with Martin Luther King Day. That means markets will be closed in what is a long weekend of sorts. If you’re looking for CME hours, you can check out Eamonn’s post earlier here. Anyway, even with it being a holiday there will be
January 20, 2025 at 08:11AM Eurostoxx +0.1% Germany DAX flat France CAC 40 +0.1% UK FTSE flat Spain IBEX +0.1% Italy FTSE MIB flat Not a whole lot going on as the session gets underway. It’s a quiet one with US on holiday but there is Trump’s inauguration to look forward to later at 1700
January 20, 2025 at 08:07AM The Reuters report, citing sources with knowledge of the matter, says that the appointment will be announced as soon as this week. Once made, Zou is to be the youngest deputy governor at the PBOC. For some context, Zou has a decent history at the central bank having been promoted
January 20, 2025 at 07:32AM As it’s usually the case for Mondays, we don’t have much on the agenda today. The European session is pretty much empty with no market moving releases. In the American session, we have the BoC Business Outlook Survey and the New Zealand Services PMI, which aren’t market moving in general.
January 20, 2025 at 07:30AM Compared to the previous December in 2023, producer and import prices were seen down 0.9% This article was written by Justin Low at www.forexlive.com.
January 20, 2025 at 07:08AM Latest data shows inflation well above 2% in December That will likely also be the case for January ECB risks hurting its credibility if it cuts rates when inflation rises faster than initially thought It’s a slight suggestion that the pathway isn’t going to be as straightforward. But it’s pretty
January 20, 2025 at 07:05AM German DAX futures flat UK FTSE futures -0.1% This mirrors the mood in US futures, with S&P 500 futures seen flat for the time being. There is an air of optimism in FX at least amid “positive talks” between Trump and Xi. But so far, equities are yet to pick
January 20, 2025 at 07:00AM Prior +0.5% The marginal decline owes to a fall in energy prices (-0.4%) as PPI was flat if you strip that out from the calculations. This article was written by Justin Low at www.forexlive.com.
January 20, 2025 at 05:46AM There is just one to take note of, as highlighted in bold. That being for EUR/USD at the 1.0300 level again. Amid some slight dollar weakness ahead of Trump’s inauguration, the expiries here should act as a magnet to keep price action more contained near the figure level in European
January 20, 2025 at 04:37AM Japan Tertiary Industry Index (MoM) (Nov) -0.3% expected 0.1%, prior 0.1% — Tertiary Industry Index released by the Ministry of Economy, Trade and Industry indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water,services, transport, wholesale and retail trade, finance and insurance, and
January 20, 2025 at 04:35AM Earlier: Japan Industrial Production for November (preliminary) Final readings now: Industrial Production Final (MoM) (Nov) -2.2% Forecast -2.3%, Previous -2.3% And -2.7% y/y prior -2.8% — Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese factories and mines. Changes in industrial production are
January 20, 2025 at 04:14AM USD/JPY is notably lower, from an early high above 156.50 its fallen to lows under 155.75. Major FX elsewhere has outperformed the USD also, EUR, AUD, CAD, GBP, NZDf …. all are higher against the big dollar. Apart from what has been posted there is nothing fresh or new. USD
January 20, 2025 at 04:02AM TradeCompass for January 20, 2025: Bitcoin Futures Analysis Bitcoin futures (BTC) are currently trading at $101,925. Today’s key thresholds for determining market sentiment are: Bullish Above: $103,260 – Signaling upside momentum if the price moves above Friday’s Value Area High. Bearish Below: $101,215 – Indicating bearish sentiment if the price
January 20, 2025 at 03:41AM No further details at this time. Bloomberg report: Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production, according to people familiar with the matter aiming to cut energy costs by 50% greenlighting drilling, pipelines, and power plants eliminating regulations expedite energy projects
January 20, 2025 at 03:35AM TradeCompass for January 20, 2025: Japanese Yen Futures (6J) Analysis The Japanese yen futures (6J) are currently trading at 0.0064570, placing the market in bullish territory, as the price has moved above the January 15th Value Area High (0.0064530). This level serves as a critical threshold for determining potential upside
January 20, 2025 at 03:28AM News like this can impact the price of TSLA. Awaiting any further detail / denials. more to come This article was written by Eamonn Sheridan at www.forexlive.com.
January 20, 2025 at 03:05AM China’s Vice President Han Zheng met soon to be VP Vance in Washington, according to state media: Han says he is willing to work with the US to promote stable, healthy, and sustainable development of China-US relations. says US-China shared interests and cooperation potential remain vast despite disagreements; dialogue and
January 20, 2025 at 02:37AM Print this out an stick it on your fridge! From our glossary; The ‘blackout’ policy from the Federal Reserve limits the extent to which Federal Open Market Committee participants and staff can speak publicly or grant interviews. The period begins the two Saturdays preceding a Federal Open Market Committee (FOMC)
January 20, 2025 at 02:25AM Trump will take office at noon, US Eastern time, on January 20. he says he’ll sign close to 100 executive orders within a few hours of being sworn in. Earlier we had a guide to what he’ll be addressing with his EOs: Leaks around Trump’s ‘day one’ executive orders have
January 20, 2025 at 02:02AM Apple has cut prices on several iPhone models in China prices under CNY 6,000 This follows China’s government’s latest subsidy announcement. Apple’s phones are at the upper end of the pricing spectrum in China (and elsewhere!) and lose out to much more price-competivie Chinese brands (running different o/s and hardware,
January 20, 2025 at 01:50AM Barcl;ayus says there is a risk of renewed yen weakness. Barclays’ analysts cite factors contributing to this risk include: Trump’s trade policies U.S.-Japan interest rate differentials capital outflows from Japan The analysts caution that policy announcements or statements made around Trump’s inauguration could strengthen the USD. Additionally, any BOJ rate
January 20, 2025 at 01:25AM Japan’s core machinery orders rose 3.4% in November, exceeding expectations and signaling a recovery in capital expenditure ahead of the Bank of Japan’s interest rate review. Bank of Japan expected to raise rates this week – but there is a hurdle to overcome first Orders from manufacturers jumped 6.0% non-manufacturers
December 30, 2024 at 02:13PM The GBPUSD moved higher into the US open, but has since reversed lower on risk-off flows (?). Stock in the US are getting hammered in pre-market trading. Admittedly, the declines are not being pushed by any news, except Friday was soft and today, the selling is continuing. Looking at the GBPUSD, the price moved up and stalled at