Author: FX
China sets loan prime rate (LPRs) on Monday, October 21, 2024.Last month the PBoC cut the 7-day reverse repo rate, and the Medium-term Lending Facility (MLF) rate:and a matching cut to LPRs is expected tomorrow. Indeed, on Friday PBoC Governor Pan foreshadowed Monday’s rate cut, by 20 to 25 basis points he says.Current LPRS are:1-year (which most new loans are based on) 3.35%5-year (reference for mortgages) 3.85%Coming up later in the week from China, on Friday, is the latest Medium-term Lending Facility (MLF). No rate change is expected for this given the cut last month (see link above). China’s National…
sefa ozel Just a little over two years ago, Bloomberg Economics model projections said a U.S. recession was effectively certain in the next 12 months. Since then, the economy has only grown stronger while the stock market has sustained a remarkable bull run that recently entered Source link
By Tim Cocks JOHANNESBURG (Reuters) -Gunmen killed a Mozambique opposition lawyer and a party official after firing multiple rounds at a car in which they were travelling on Saturday, rights groups said, ratcheting up tensions ahead of protests against a disputed election result. New opposition party Podemos and its presidential aspirant Venancio Mondlane reject provisional results showing a likely win for Frelimo – the party that has ruled Mozambique for half a century – and its candidate Daniel Chapo. They have called for a nationwide strike on Monday. Mozambican civil society election observer group More Integrity said the attack happened…
Mon: PBoC LPRTue: NBH Announcement, IMF World Economic OutlookWed: BoC AnnouncementThu: EZ/UK/US Flash PMIs (Oct)Fri: PBoC MLF (TBC), CBR Announcement, Japanese Tokyo CPI (Oct), German Ifo (Oct), US Durable Goods (Sep), US University of Michigan Final (Oct)PBoC LPR (Mon):PBoC will announce the latest Loan Prime Rates next week in which Chinese banks are likely to reduce the benchmark lending rates from the current levels after the slew of recent policy support measures by China’s central bank and government departments. As a reminder, China’s Loan Prime Rates were maintained last month with the 1-Year LPR (which most new loans are based…
By David Shepardson (Reuters) – A union representing striking machinists at Boeing (NYSE:) said Saturday that members will vote Wednesday on a new contract deal that includes a 35% pay hike over four years that could end a more than month-old strike. Around 33,000 of Boeing’s unionized West Coast workers, most in Washington state, have been on strike since Sept. 13. The work stoppage has halted production of the planemaker’s best-selling 737 MAX and its 767 and 777 widebodies. The latest offer includes a $7,000 ratification bonus, reinstated incentive plan and enhanced contributions to workers’ 401k retirement plans including a…
By Shivam Patel NEW DELHI (Reuters) – A former Indian government official charged in the United States this week for allegedly directing a foiled murder plot had been arrested in New Delhi in December in an attempted murder case, according to court records and a police officer. The U.S. Justice Department unsealed the indictment of Vikash Yadav, 39, on Thursday, alleging he led a plot to murder a Sikh separatist in New York. From May 2023, the U.S. indictment alleges, Yadav, described as an Indian government employee at the time, worked with others in India and abroad to direct a…
By Dave Sherwood and Marianna Parraga HAVANA (Reuters) -Cuba restored a trickle of power to its grid by mid-evening on Friday, officials said, hours after the island plunged into a countrywide blackout following the collapse of one of its major power plants. The vast majority of the country’s 10 million residents were still in the dark on Friday night, but scattered pockets of the capital Havana, including some of the city’s major hospitals, saw lights flicker back on shortly after dark. Grid operator UNE said it hoped to restart at least five of its oil-fired generation plants overnight, providing enough…
The ZigZag 2 R MT5 Indicator is a custom technical analysis tool designed for the MetaTrader 5 (MT5) trading platform. It essentially functions as a filter, simplifying your price chart by connecting significant highs and lows (swing points) with straight lines. This allows you to focus on the bigger picture – the underlying trend of the market – without getting bogged down by minor price movements often referred to as “noise.” The “2 R” designation in the indicator’s name likely refers to the concept of a 2R (Risk-Reward) ratio, a popular risk management strategy in forex trading. While the exact…
The usual market correlations appeared to be out of sync throughout the week, as asset classes were driven by more by individual catalysts than broad market themes. Still, some risk-off vibes were seen due to the lackluster reaction to China’s early week stimulus announcement and persistent geopolitical tensions. Meanwhile, U.S. markets appeared to draw support from rising odds of a Trump presidential win. How did these headlines affect the major assets this week? Let’s break them down: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…
Decelerating global inflation trends, Middle East developments, & the lack of enthusiasm over China’s stimulus plans were the main themes on the forex scene this week. Source link