Author: FX
UPCOMING EVENTS:Monday: PBoC LPR, New Zealand Services PMI.Tuesday: BoJ Policy Decision, New Zealand CPI.Wednesday: Australia/Japan/Eurozone/UK/US Flash PMIs, BoC Policy Decision.Thursday: ECB Policy Decision, US Durable Goods Orders, US Jobless Claims, US Q4 Advance GDP.Friday: Tokyo CPI, US PCE.MondayThe PBoC is expected to keep the LPR rates unchanged at 3.45% for the 1-year and 4.20% for the 5-year following the MLF decision last week. Deflationary forces remain present, and the Chinese stock market is on a free fall with the general sentiment being utterly dismal. It will likely require a strong catalyst to turn things around and aggressive rate cuts might…
Warning: SMFG is at high risk of cutting its dividend Source link
ISTANBUL (Reuters) – Ship traffic in Turkey’s Bosphorus Strait was suspended on Sunday morning after one ship suffered an anchor failure, the Tribeca shipping agency said. According to a report shared by the agency, the Liberia-flagged tanker Peria’s anchor self-released due to bad weather around the third bridge area during its passage through the strait and two tugs were dispatched to assist it. Source link
US DOLLAR FORECAST – EUR/USD, USD/JPY, USD/CAD, AUD/USDThe U.S. dollar has rebounded recently, boosted by a hawkish repricing of the Fed’s path relative to what was expected earlier in the yearThe prospect of the FOMC starting to cut borrowing costs at its March meeting have also diminished, reinforcing the greenback’s recoveryThis week, all eyes will be on the U.S. PCE report Recommended by Diego Colman Building Confidence in Trading Most Read: US Dollar Forecast – EUR/USD, USD/CAD and AUD/USD. Where to Next?The U.S. dollar, as measured by the DXY index, has staged a remarkable turnaround recently, supported by the significant…
© Reuters. FILE PHOTO: Democratic presidential candidate U.S. Representative Dean Phillips (D-MN) speaks at a campaign event ahead of the New Hampshire presidential primary election in Nashua, New Hampshire, U.S., January 20, 2024. REUTERS/Mike Segar/File Photo (Reuters) – Microsoft-backed OpenAI has banned the developer of a bot mimicking Democratic presidential hopeful Congressman Dean Phillips, the first action the ChatGPT maker has taken in response to what it sees as a misuse of its artificial intelligence (AI) tools in a political campaign, the Washington Post reported on Saturday. “We recently removed a developer account that was knowingly violating our API usage…
liorpt/iStock via Getty Images Disruptions to shipping from the Houthi attacks in the Red Sea already are more damaging to the supply chain than the early COVID-19 pandemic, maritime advisory firm Sea-Intelligence said this week in an analysis of vessel delays. Supply chain data known in the industry as “vessel capacity” shows the second largest drop in recent years, surpassed only when the giant Ever Given cargo ship was stuck in the Suez Canal for six days during March 2021, which halted billions of dollars in trade. With that exception, the Red Sea crisis is “the largest single event -…
5/5 © Reuters. A person takes a picture of a banner, during a protest against Israeli Prime Minister Benjamin Netanyahu’s government in Tel Aviv, Israel, January 20, 2024. REUTERS/Alexandre Meneghini 2/5 TEL AVIV (Reuters) – Thousands of Israelis gathered in Tel Aviv on Saturday to protest against Prime Minister Benjamin Netanyahu’s government, accusing the veteran leader of mishandling the nation’s security and calling for a new election. Anti-government protests that shook the nation for much of 2023 ceased after the attacks by Hamas in southern Israel on Oct. 7. Political rifts were set aside as Israelis rallied behind the military…
May Lim/iStock via Getty Images REITs ended lower than last week in the absence of a positive catalyst, underperforming broader markets for the 2nd consecutive week. The FTSE Nareit All Equity REITs index declined by 2.08%, while the Dow Jones Equity All REIT Total Return Index fell by 2.07%. FTSE NAREIT Mortgage REITs fell by 1.08%. The broader Real Estate Select Sector SPDR ETF was also down by 2.12%. Meanwhile, S&P 500 gained by 1.17%. Short interest on equity REITs continued to decline, with the sector posting an average short interest of 3.3% of the total float in December, a…
© Reuters Here’s Who Burned 9,001 ETH in Last 30 Days U.Today – , the world’s largest decentralized exchange, is apparently a top burner of Ethereum, with a staggering 9,001 ETH incinerated from the circulating supply in the last 30 days. This activity firmly positions Uniswap as a key player in the Ethereum ecosystem, not just in terms of volume but also in influencing the coin’s scarcity. The mechanism behind Ethereum’s burn is a recent upgrade known as EIP-1559, which introduced a transaction fee burn for every operation made on the network. Uniswap, as the leading DEX, handles a massive…
By Laila Bassam and Kinda Makieh BEIRUT/DAMASCUS (Reuters) -An Israeli missile strike on Syria’s capital Damascus on Saturday killed four members of Iran’s Revolutionary Guards, including the head of the force’s information unit in Syria, a security source in the regional pro-Syria alliance told Reuters. In a statement carried on Iranian state television, the Revolutionary Guards confirmed that four of its military advisers were killed in the Israeli strike and said further details would be announced later. State TV said the targeted building was the residence of Iranian advisers in Damascus. There was no immediate comment from Israel, which has…