Author: FX

Monday's economic calendar Source link

Weekend:Friday ICYMI: In Asia on Monday markets were closed in:for Lunar New Year holidays. All three will be closed again on Tuesday. The full list of the extended Asian timezone holidays can be found here: The absence of key markets meant thin liquidity trade in the region. News and data were very limited. We did get the minutes of the Bank of Japan December meeting (see bullets above). At that meeting the Bank widened the band within which the 10-year Japanese Government Bond is permitted to trade, a decision that sent shock waves through global markets. From the time, as…

Central bank speak will take a chill pill this week with only the BOC under the spotlight. But that doesn’t mean we won’t see volatility! Traders will pay attention to top-tier reports like the U.S. GDP and core PCE as well as manufacturing and services PMIs around the world for clues on global growth trends. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched potential market movers this week: Major Economic Events: BOC’s last rate hike? (Jan 25, 3:00 pm GMT) –…

EUR/USD buyers are on a roll at the start of the week. Hawkish ECB commentary boosts the Euro bulls, US Dollar falls. Holiday-thinned light trading could exaggerate the moves. The Euro is keeping the upper hand against the US Dollar at the start of the week on Monday, as EUR/USD is rising above the 1.0900 level for the first time since April 2022. The currency pair is under intense buying pressure, courtesy of the hawkish comments from the European Central Bank (ECB) policymakers over the weekend. Hawkish ECB expectations boost the Euro ECB Governing Council member Klaas Knot said on Sunday,…

© Reuters. FILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva (Corrects to remove extraneous words from text) By Devayani Sathyan BENGALURU (Reuters) – Thailand’s central bank is expected to raise interest rates by 25 basis points on Wednesday to curb elevated inflation and further hikes are likely even as China’s reopening brightens the economic outlook, a Reuters poll found. Unlike its neighbours in Malaysia and Indonesia, The Bank of Thailand (BOT) is expected to keep tightening policy for awhile longer. While price pressures in Southeast Asia’s second-largest economy…

The US CPI data are published by the U.S. Bureau of Labor Statistics each month. The FOMC is keeping a keen eye on inflation developments. The past few reports have shown the CPI falling, but still very high and still way above the 2% target. Not only the FOMC, traders too. This the most recent report:And the impact on the dollar (and other markets): Next week brings the FOMC, January 31/February 1 meeting:Following along on February 14 is the next in this year’s series of CPI reports. The dates for the year: Source link

US Dollar Index prints four-day downtrend, renews intraday low of late. Fed hawks fail to impress DXY buyers amid talks of February’s 0.25% rate hike, policy pivot. Mixed sentiment in the market, China’s Lunar New Year holidays also help contrinu to the previous moves. Preliminary readings of January PMIs, US Q4 GDP will be crucial for fresh impulse. US Dollar Index (DXY) stays depressed for the fourth consecutive day as sellers poke the 101.90 level during early Monday. In doing so, the greenback’s gauge versus the six major currencies portrays the market’s dovish bias for the Federal Reserve (Fed), despite…

Microsoft Corp., an American multinational technology conglomerate currently ranked the third largest company by market capitalization ($1.728T)  which actively engages in the development and support of software, services, devices and solutions, shall release its Q2 2023 financial results on 24th January (Tuesday), after market close. Fig.1: Microsoft’s Revenue Segment (in billion USD). Source: Statista Microsoft derived its revenues from three main segments. The first segment is Productivity and Business Processes segment, which include products and services such as Office Commercial, Office Consumer, LinkedIn and Dynamic Business Solutions. The second segment is Intelligent Cloud segment, including various Server Products and Cloud…

The Stellar Development Foundation (SDF) has become the newest member of the United States Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC), the blockchain announced on its blog. The committee is preparing to meet on Feb. 13 for the first time in over a year. SDF supports the Stellar blockchain, which is used for crypto-fiat transfers. The foundation will be represented on the committee by chief operating officer Jason Chlipala. He wrote in the company blog that “we hope to bring the unique perspective of Layer 1 protocols” to the GMAC and: Continue Reading on Coin Telegraph Source…

Schlumberger is an oilfield services company. A big un. biggest offshore drilling contractor in terms of revenueChief Executive Officer Olivier Le Peuch is bullish energy for the year ahead. Much of the firm’s earning call/report is focused on the oil services business, as you’d expect, but there are a few snippets of relevance to oil/energy markets more generally. In brief:On Q4 2022:In the Middle East, revenue increased by double digits sequentially, with growth in Saudi Arabia, Iraq, and the United Arab Emirates in the solid teens, affirming the much-anticipated acceleration of activity in the region. In North America, US land…