European stocks are now trading higher on the day, posting slight gains while US futures have also turned around deep losses to be in positive territory at the moment. S&P 500 futures are up 0.1% after being down by as much as 0.7% earlier while Nasdaq futures turned around a 1% drop earlier to be u
Schlagwort-Archiv: GBP
PBOC alters monthly LPR release time to 0915 local time on the 20th of each month
This compares with the previous release of 0930 local time. The change will take into effect starting from 20 January i.e. tomorrow. The full release can be found here.
FX option expiries for 19 January 10am New York cut
There isn’t anything significant to take note of for today. However, there will be a couple layered for EUR/USD that are rolling off tomorrow at 1.1300 to 1.1360, so keep that in mind in case it plays into price action.
For more information on how to use this data, you may refer to this pos
For more information on how to use this data, you may refer to this pos
History, High Inflation and Why Economists in the US Failed to Predict It
Inflation is a very hot topic at the moment, and everyone is wondering if it will reach levels comparable to 1970’s. This is the first in a long time when well developed countries experience inflation, as they’ve rather been used to fight deflation in their economies. Last year, many economist
Lira is fortunate to get a period of stability
Volatility
in the Turkish lira has declined dramatically, finding other hotspots. Risky
attempts by the Turkish Central Bank to thwart a speculative attack have paid
off, providing respite to the national currency.
in the Turkish lira has declined dramatically, finding other hotspots. Risky
attempts by the Turkish Central Bank to thwart a speculative attack have paid
off, providing respite to the national currency.
The
dollar has been mainly in a range of 13.10-13.90 Turkish liras so far this
Where is Bitcoin’s bottom?
The
cryptocurrency market lost 2% of its capitalisation in the past day to $2.0trn.
Buyers stepped up in the market between 8-11 January, soon after a dip to this
round level. But as we can see, the bulls‘ strength was not prolonged enough.
cryptocurrency market lost 2% of its capitalisation in the past day to $2.0trn.
Buyers stepped up in the market between 8-11 January, soon after a dip to this
round level. But as we can see, the bulls‘ strength was not prolonged enough.
The
Crypto Fear and Greed Index added 2 points to 24.
Japan PM Kishida says wants to impose quasi-state of emergency on some regions from 21 Jan to 13 Feb
And will likely cover its neighbouring prefectures as well. Expect an announcement to come some time this week, with reports citing that it could be imminent on Wednesday. From earlier this week:More virus restrictions set to come in JapanMore on Tokyo to enter a ‚quasi‘ state of emergency
Germany January ZEW survey current conditions -10.2 vs -7.5 expected
Prior -7.4
Outlook 51.7 vs 32.7 expected
Prior 29.9
Outlook 51.7 vs 32.7 expected
Prior 29.9
The current conditions reading slumped to start the new year but the key takeaway for me is the sharp jump in the outlook reading. That reveals that investors are more upbeat about overall conditions in the months ahead, with ZEW not
Dollar, yen firms as risk aversion starts to kick in
Of note, USD/JPY has erased its earlier advance from around 114.80 to 114.58 currently.
Elsewhere, we are seeing the dollar firm slightly against the commodity currencies in particular with USD/CAD moving up from 1.2500 to 1.2520 levels. Meanwhile, AUD/USD is down 0.3% to 0.7187 and NZD/USD down
FX option expiries for 17 January 10am New York cut
There are a couple of big ones for USD/JPY to take note of, as highlighted in bold.However, with it being a US holiday, there might not be much interest considering the price levels and lack of meaning action so far on the day. Both the dollar and yen are mildly softer as risk tones are holding u