Author: FX

3/3 © Reuters. An elderly resident stands from a chair after receiving a dose of a vaccine against coronavirus disease (COVID-19), during a government-organized visit to a vaccination center in Langxia town on the outskirts of Shanghai, China December 21, 2022. REUTERS/ 2/3 By Zoey Zhang and Bernard Orr SHANGHAI/BEIJING (Reuters) -A Shanghai hospital has told its staff to prepare for a “tragic battle” with COVID-19 as it expects half of the city’s 25 million people to get infected by the end of the year while the virus sweeps through China largely unchecked. After widespread protests and a relentless rise…

UK GDP Key Points: Recommended by Zain Vawda Get Your Free GBP Forecast READ MORE: USD/CAD Rangebound Ahead of Important Canadian Inflation DataGBP/USD continues to flirt with a break or bounce of the 200-day MA just below the 1.2100 level. Earlier this morning we had weaker than expected UK Q3 GDP data which failed to inspire a break lower with the lack of liquidity in markets no doubt playing a role. The data adds further credence to the belief that the UK has slipped into a recession.UK GDP data is estimated to have fallen by 0.3% in Q3, a downward…

According to Deutsche Bank’s metrics, the daily plunge in USD/JPY was the biggest in the past two decades while the surge higher in 10-year JGB yields was the largest since 2003. That certainly highlights how unprepared market participants were for the BOJ surprise and how Kuroda has certainly lost some trust of close BOJ followers/observers.ADVERTISEMENT – CONTINUE READING BELOW Source link

EUR/GBP gains traction for the second straight day and hits its highest level since mid-November. A downward revision of the UK GDP print undermines the GBP and extends support to the cross. A more hawkish stance adopted by the ECB supports prospects for a further appreciating move. The EUR/GBP cross builds on the previous day’s strong move up and climbs to the 0.0.8800 neighbourhood, or its highest level since mid-November during the early European session on Thursday. The British Pound continues with its relative underperformance in the wake of a dovish outcome from the Bank of England meeting last week,…

Zenvia announces pact with SenseData to extend payments Source link

5/5 © Reuters. Ukraine’s President Volodymyr Zelenskiy addresses a joint meeting of the U.S. Congress in the House Chamber of the U.S. Capitol in Washington, U.S., December 21, 2022. REUTERS/Jonathan Ernst 2/5 By Steve Holland and Pavel Polityuk WASHINGTON/KYIV (Reuters) – President Volodymyr Zelenskiy told the U.S. Congress that aid to Ukraine was an investment in democracy and “not charity” as he invoked American battles against the Nazis in World War Two to press for more assistance for his country’s war effort. Zelenskiy’s comments on Wednesday come as Republicans – some of whom have voiced increasing scepticism about sending so…

This post is a double-up – it appears to me the initial post was gobbled up by a tech gremlin, but if you have seen it already please disregard – this is a duplicate. –The Reserve Bank of Australia has been raising rates in Australia. While arguing that inflation is being pushed by supply disruption and capacity constraints the Bank recognises there is not much they can do about these factors.But that they can try to slow demand.It looks like they are impacting.Via ANZ here in Australia:Australia’s spending slowdown has begun.Total ANZ-observed spending from 20 Nov – 18 Dec was…

USD/INR reverses from one-week high, snaps two-day uptrend. RBI Minutes defy hopes of pause in rate hikes amid inflation woes. Mixed US data, BOJ’s second unscheduled bond operation weighs on US Dollar. US Q3 GDP, PCE details will be important for immediate directions. USD/INR retreats from the weekly top, taking offers to refresh the intraday low near 82.77 during early Thursday, as the US Dollar reverses the previous day’s recovery amid mixed catalysts. Also adding strength to the Indian Rupee (INR) are the recently firmer Indian Treasury bond yields after the Reserve Bank of India’s (RBI) hawkish comments in the…

5/5 © Reuters. Ukraine’s President Volodymyr Zelenskiy visits Ukrainian service members at their position in the frontline town of Bakhmut, amid Russia’s attack on Ukraine, in Donetsk region, Ukraine December 20, 2022. Ukrainian Presidential Press Service/Handout via RE 2/5 By Steve Holland and Pavel Polityuk WASHINGTON/KYIV (Reuters) -President Volodymyr Zelenskiy, on his first wartime foreign visit, used an address to the U.S. Congress on Wednesday to warn that the Ukraine war will shape the world for generations and no country can hope to be safe if it stands aside. Seeking more U.S. support for Kyiv’s war effort, Zelenskiy, wearing his…

The Japanese government has rasied its Fiscal Year 2023 GDP growth forecast to 1.5%, citing higher wages, higher business investment from the 1.1% forecast last time around in JulyFor FY 2022 it’s a cut to 1.7%As for inflation, the overall CPI forecast for FY 2023 is 1.7% —Japan’s 2023 fiscal year begins on April 1. ADVERTISEMENT – CONTINUE READING BELOW Source link