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Nomura has raised its gdp forecast for china this year to 5.9% (from 5.3.%)
Analysts are seeing better data from China, and more of that to come. JP Morgan upgraded its China 2023 full-year GDP growth forecast to 6.4% (from 6%...
Japan jibun preliminary pmi (april) manufacturing 49.5 (prior 49.2) services 54.9 (55.0)
Jibun Bank S&P Global flash PMIs from Japan for April of 2023Manufacturing PMI 49.5 prior 49.2Services 54.9prior 55.0Composite 52.5prior 52.9Summary t...
Pboc is expected to set the usd/cny reference rate at 6.8758 – reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setti...
How to set take profit orders (the essential guide)
Discover how a take profit order works and how to use like a pro so that you’ll never second-guess yourself when exiting a trade The post How To Set...
Nz cpi downside surprise increases the likelihood that the rbnz could pause on 24th may
There were two inflation data points from New Zealand for Q1 published yesterday. The one everyone is pointing to:New Zealand Q1 CPI 1.2% q/q (vs. 1.7...
More detail from on schnabel's speech earlier on persistent core inflation
Isabel Schnabel is a member of the European Central Bank's Executive Board.She delivered a virtual guest lecture at Stanford Graduate School of Busine...
Eco data 4/21/23
The post Eco Data 4/21/23 appeared first on Action Forex......
Canadian dollar falls with crude oil prices, will usd/cad break higher next?
The Canadian Dollar continues to weaken alongside crude oil prices. USD/CAD is facing a key moving average, will it be able to, or will prices break h...
Fed's harker: some additional tightening needed, will need to hold rates high for while
Federal Reserve Bank of Philadelphia President Patrick Harker: ‘some additional tightening’ needed to deal with high inflationOnce rate hikes end,...
Usd/jpy little changed after japanese inflation data - headline & core cpi still elevated
The data is here:CPI excluding Food and Energy is surging (by Japanese standards)As I posted earlier:Bank of Japan Governor Ueda has been repeating th...
Japan march cpi data: cpi excluding fresh food 3.1% y/y (vs. expected 3.1%)
Japanese inflation data for March 2023Headline CPI 3.2% y/y expected 3.2%, prior was 3.3% CPI excluding Fresh Food 3.1% y/y expected 3.1%, prior was 3...
Uk data - april consumer confidence -30 (vs. expected -35)
GfK Consumer Confidence data from the UK for April 2023:expected -35, prior -36UK consumer confidence highest since February 2022GfK Consumer Confiden...
Australia preliminary pmi (april): manufacturing 48.1 (prior 49.1) services 52.6 (48.6)
Preliminary PMI from Australia for April, Judo Bank / S&P Global. Manufacturing 48.1prior 49.1Services 52.6prior 48.6Composite 52.2, highest since Jun...
Us federal reserve emergency lending ticked up a little last week
Federal Reserve emergency lending to banks after March's financial sector turmoil ramped up in past weeks. It remains high and the latest data shows i...
Global inflation updates: u.k., canada, and new zealand
Missed this week’s major CPI reports? Lets break down the latest inflation data from Canada, the U.K., & New Zealand & what it may mean for currenci...
Mkt. sees some chance of rbnz easing cycle beginning late 2023, but not really until 2024
Yesterday we had New Zealand inflation data:New Zealand Q1 CPI 1.2% q/q (vs. 1.7% expected)RBNZ inflation measure for Q1 2023 5.7% y/y (vs. 5.8% previ...
Boe's tenreyro says the bank may have tightened too much
External Member of the Bank of England's Monetary Policy Committee Silvana Tenreyrosays UK inflation target is flexible and intended to respond to sho...
Fed's bostic says infaltion is too high, the federal reserve must lower it to 2%
Atlanta Federal Reserve president Bostic repeating the current Federal Reserve mantra. The Federal Open Market Committee (FOMC) meet next week and a 2...
The south korean march ppi has risen at its slowest rate y/y since february of 2021
Further evidence of the slowing pace of inflation, this time from PPI (in a nutshell this is wholesale elve inflation) from South Korea in March. Whil...
Conversiobot – cpa & revshare available!
Product Name: ConversioBot – CPA & Revshare Available! Read moreThe Picks Buffet: Access Up To Hundreds Of Sports Handicapper Picks!Click … Conver...
Fed's bowan says clearly need to continue to work to bring inflation down
Federal Reserve Board Governor Michelle Bowmanclearly need to continue to work to bring inflation downbankers are seeing an economic slowdown as being...
Trade ideas thread - friday, 21 april 2023
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discu...
Russia reduced its holding of gold by more than 3 tonnes in march
Reuters cite data from the IMF showing Russia reduced its holding of gold in March .to 2,326.6 tonnes, a drop of 3.11 tonnesNo further info at this st...
Ecb schnabel: while headline & energy inflation is slowing, other components still rising
Isabel Schnabel, member of the ECB's Executive Board, delivers a virtual guest lecture at Stanford Graduate School of BusinessTitled: Inflation in the...
Fed's mester says will assess extent of credit tightening at the may fomc meeting
Federal Reserve Bank of Cleveland President Loretta Mester in an interview.Mester spoke earlier:Fed's Mester: Inflation is still too high. Fed has mor...
Forexlive americas fx news wrap: soft philly fed highlights economic risks
US April Philly Fed -31.3 vs -19.2 expectedUS initial jobless claims 245K versus 240K estimateFed's Mester: Inflation is still too high. Fed has more ...
Stocks close lower on the day with the nasdaq leading the way lower
The major US stock indices are closing lower with the NASDAQ leading the way to the downside. The final numbers are showing:Dow industrial average is ...
Economic calendar in asia friday, 21 april 2023 - japan inflation data for march
March inflation data from Japan is due today at 2330 GMT, which is 7.30pm US Eastern time. Headline inflation is expected to have dropped, y/y, from F...
Gold prices fly as treasury yields dive, s&p 500 at risk of breaking down
Gold prices resume their advance, supported by falling US Treasury rates. Meanwhile, the S&P 500 fails to extinguish bearish pressure despite the move...
Bitcoin continues its move to the downside
The price a bitcoin reached a new low just above the $28,000 level at $28,005. The current price trades at $28,128. Looking at the hourly chart, the p...
Bitcoin erases the april rally as it falls back to $28,000
Two days of heavy selling have erased the April rally in bitcoin and knocked it back to $28,000. It's still up 40% in the past six weeks but the turn ...
Stocks rotate to new lows
Th major US stock indices are rotating lower. The S&P index is traded to a new session low. The NASDAQ is also now breaking below the low from the 1st...
Fed's logan: watching for further, sustained factors causing inflation
Dallas Fed President Lorrie Logan and Fed Governor Michelle Bowman delivered opening remarks before a Fed Listens event. We will monitor for further c...
Stocks soften as earnings and us data still support more fed rate hikes
US stocks are declining as earnings and economic evidence suggest wage growth is still too high and will keep inflation sticky. Earnings alone are...
Cardano reacting higher from the equal legs area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Cardano ticker symbol: $ADAUSD. The rally from t...
