Author: FX
US judge rejects business group’s challenge to Trump’s $100,000 H-1B visa fee Source link
SummaryTesla UK sales fell sharply in November, echoing wider European declinesGermany and France saw particularly steep drops in Tesla registrationsCompetition from Chinese automakers, especially BYD, intensifiedUK EV buyers increasingly favour plug-in hybrids over full BEVsThe data point to structural challenges rather than a one-off dipSales of Tesla continued to weaken across Europe in November, with the UK joining a broader regional slowdown that has highlighted growing competitive pressures and shifting consumer preferences in the electric-vehicle market.In the UK, Tesla registrations, a proxy for sales, fell sharply year on year. Preliminary data from industry tracker New AutoMotive showed registrations down 19%…
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
I posted earlier on why this doesn’t rally matter too much, the meeting pre-dates December’s much more consequential rate hike and the subsequent swings in the yen:Anyway, for good order, here’s a summary article. SummaryBOJ October minutes reflect broadly stable global and domestic conditions at the timeU.S. growth seen as solid, supported by AI investment and resilient consumptionChina identified as a growing downside risk amid tariff pressures and property weaknessJapan’s financial conditions remained highly accommodative, with real estate risks notedCore inflation around 3%, driven largely by food prices and wage pass-throughMinutes from the Bank of Japan October policy meeting (full…
The Corporate Service Price Index (CSPI), more commonly referred to as Japan’s services producer price index, measures the change in prices charged between companies for services, such as transport, communications, advertising and other business-to-business services. Unlike traditional producer price indexes focused on goods, the CSPI captures service-sector price pressures that can be a leading signal for consumer inflation and broader cost dynamics in a service-driven economy. The CSPI is closely watched by economists and the Bank of Japan as it tends to feed through to consumer services inflation with a lag. Because many services are labour-intensive, upward price momentum here…
SummaryJapan plans to assume a 3% interest rate on bond expenses in its FY26 budgetThe assumption reflects rising JGB yields and BOJ policy normalisationIt marks the highest budgeted rate in roughly two decadesHigher debt-servicing costs could constrain fiscal flexibilityThe move signals a more realistic acceptance of a higher-rate environment-Japan’s government is reportedly planning to budget for a ~3% interest rate assumption on its long-term government bond expenses in the FY2026 budget, the highest assumed rate in about two decades. The news dribbled out overnight and its getting a rerun in markets here in Asia. This rate assumption is used when…
NZD/JPY has closed beyond its typical recent range, indicating it may have moved too far, too fast. This development comes after a steady multi-week climb from the mid‑80s into the low‑90s. Traders watching for signs of momentum fatigue or a pullback may find this breach of the upper Bollinger Band particularly noteworthy. What MarketMilk Has Detected NZD/JPY has closed at 91.242500, slightly above the 20‑period upper Bollinger Band, which currently sits near 91.241696. This follows a prior close at 90.962500, when the upper band was around 91.283627, showing that price has now “caught up” to and nudged through the band…
The oil folks seem to have packed it in for the year, this via a telegram channel:–Expectations I had seen centred on:Headline crude -2.4 mn barrelsDistillates +0.4 mn bblsGasoline +1.1 mn—This data point is from a privately-conducted survey by the American Petroleum Institute (API).It’s a survey of oil storage facilities and companiesThe official government inventory report is due Wednesday morning US time.The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)Its based on data from the Department of Energy and other government agenciesWhereas information on total crude oil storage levels and variations from…
It’s a light calendar ahead for Asia, except for the Bank of Japan minutes. The caveat is, of course, that the minutes are those from the October 2025 meeting, which was a place holder at best. The other notable event is that its not Christmas Day. SummaryBOJ October minutes are due but pre-date December’s rate hikeOctober meeting offered little new guidance at the timeDecember hike marked a clearer step toward policy normalisationYen initially weakened post-hike, then rebounded on official rhetoricMarkets remain focused on follow-through, not backward-looking minutesMinutes from the Bank of Japan’s October policy meeting are due for release today,…
When I look at Build-A-Bear Workshop right now, what immediately stands out to me is the technicals. The stock is currently breaking out of a downsloping trendline, which is something I always pay close attention to when evaluating potential upside opportunities. From a market perspective, this is the type of technical development that often signals a shift in momentum, especially when it occurs ahead of a seasonally strong period.Build-A-Bear Workshop (NYSE: BBW) is typically a hot stock around the holidays, and this December is no different. Since its earnings earlier this month, the stock has rallied more than 25% from…