Author: FX
A spokesman for the National Development and Reform Commission of the People’s Republic of China (NDRC) – this is the ‘state planner’. China has full confidence that it can keep prices stable in 2023while international commodities may fluctuate and imported inflationary pressures remain, China’s foundation is solidThe statements are from a press conference held after the inflation data was published:ADVERTISEMENT – CONTINUE READING BELOW Source link
USD/CNH has picked strength amid a sheer contraction in China’s factory gate price index by 0.7%. The upbeat market mood is weighing on the US Treasury yields. A decline in energy prices may result in further softening in the US inflation. The USD/CNH pair has recovered after dropping to near 6.7550 in the Asian session. The asset has sensed demand and has extended recovery to near 6.7700 despite China’s National Bureau of Statistics (NBS) having reported mixed Consumer Price Index (CPI) data for December. The annual CPI figure has remained in line with the expectations at 1.8% and higher than…
ismagilov Chinese oat products maker YanGuFang International (YGF) has downsized a proposed US initial public offering by 37% to $19M. YanGuFang said in a filing that it is now considering offering 3.5M shares priced between $4 and $7, which would raise around $19M if priced at the midpoint. The company hopes to list its shares on Nasdaq under the symbol YGF. EF Hutton is serving as lead bookrunner. In a filing made in September, YanGuFang said that it was looking to offer 5M shares priced between $5 and $7, which would have raised $30M if priced at the midpoint. Based…
T-Mobile considers buying Ryan Reynolds' Mint Mobile – Bloomberg Source link
© Reuters. FILE PHOTO: The offices where the London Metal Exchange is headquartered are seen in the City of London, Britain, January 18, 2018 REUTERS/Peter Nicholls/File Photo By Pratima Desai LONDON (Reuters) -Britain’s financial watchdog is blocking the restart of London Metal Exchange nickel trade in Asian hours due to doubts about the LME’s ability to run an orderly market in that time zone, three sources with knowledge of the matter said. The world’s largest metals trading exchange was forced to suspend all nickel activity for eight days in March 2022, after prices spiked more than 50% during Asian trading…
Japanese Yen, USD/JPY, Bank of Japan, US CPI – Asia Pacific Market OpenJapanese Yen gains as breaking story hints at further BOJ policy tweakFollow-through may be difficult to achieve until after US CPI data passesUSD/JPY falls, but key support zone remain, pausing the downtrend Recommended by Daniel Dubrovsky Get Your Free JPY Forecast Asia-Pacific Market Briefing – Japanese Yen Gains on Further Possible BoJ Policy ShiftThe Japanese Yen gained about 0.5 percent during the early hours of Thursday’s Asia-Pacific trading session. Reports crossed the wires from Yomiuri Shimbun, one of the top 5 major newspapers in Japan, that the Bank…
The news is here:Report – The BOJ will review the side effects of easy policy next weekUSD/JPY topped back in October last year and has been under pressure ever since as rumours of change to Bank of Japan policy have solidified and indeed the Bank ‘tweaked’ its YCC policy at the December meeting. This latest report is more of the same. ‘Tweaks’ and change to Bank of Japan policy is a tailwind for the yen, as we’ve been posting for months. USD/JPY update on the latest report linked above:The Bank of Japan meet next week, January 17 and 18. ADVERTISEMENT…
CPI S&P 500, Volatility, EURUSD, Yields and Earnings Talking Points:The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000Over the past three months, one of the top market-moving events in the major macro docket has been the US CPIThe past few inflation updates have initiated strong S&P 500 rallies and Dollar struggle, but what is the capacity for that same charge this time around? Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast There is no mistaking the market’s appreciation for inflation data coming out of the United States and other major economies. The indicators aren’t…
Tabla 1: Aumentos de tasas de la Fed en 2022 Fuente: Forbes.com The Mexican Peso advanced on Wednesday to levels not seen in almost three years (February 21, 2020) as investors keep an eye on the key US inflation report due out later today (Thursday). Fed members have said Thursday’s CPI data will help decide the pace of interest rate hikes at their next meeting. The last increase was 50bp, already slowing down the 75bp streak. Aumentos de tasas de la Fed en 2022 Fuente: Forbes.com At the next meeting on February 1st, the vast majority of investors (+80%) expect…
HighPeak Energy declares $0.025 dividend Source link