High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
Prior +8.3% New yuan loans -¥50.0 billion vs ¥300.0 billion expected Prior ¥2.24 trillion I’m a little stumped here in trying to read into this negative reading for new bank loans from China this month. It is either an erroneous error or it will be the first time a negative print is seen since July … Read more
Fundamental Overview The US CPI yesterday came mostly in line with expectations and wasn’t strong enough to force a reassessment on a September cut. In fact, the pricing for the Fed actually increased from 57 bps of easing by year-end to 61 bps after the US CPI report. The majority of Fed voters are also … Read more
Rate cuts by year-end Fed: 61 bps (98% probability of rate cut at the upcoming meeting) ECB: 11 bps (95% probability of no change at the upcoming meeting) BoE: 17 bps (92% probability of no change at the upcoming meeting) BoC: 22 bps (67% probability of no change at the upcoming meeting) RBA: 40 bps … Read more
The dollar has had a torrid August so far and it looks to be continuing now after another key data release yesterday. The US labour market report kicked things off at the start of the month and the US CPI report is adding to the downside for the currency, after having shown that we’re yet … Read more
Today will likely be a boring day on the news front. On the calendar, we don’t have any market moving event as the final CPI reading for Spain and the US MBA Mortgage Applications data won’t change anything in terms of expectations. The focus will continue to be on Fedspeak with Fed’s Goolsbee set to … Read more
There is just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1700 mark. The figure level has been lined up with offers since last week already and is also what capped upside gains for the pair after the US CPI report yesterday. As such, … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
China has slapped a provisional 75.8% anti-dumping tariff on Canadian canola imports, effective Thursday, escalating a trade dispute that began after Ottawa imposed tariffs on Chinese EVs last year. The move effectively shuts Canada out of a market worth nearly C$5 billion in 2024, according to the Canola Council of Canada. Analysts say replacing millions … Read more
US Treasury Secretary Scott Bessent said American and Chinese trade officials will meet again within the next two to three months to discuss the future of their economic ties. The remarks follow Monday’s agreement to extend a tariff truce for another 90 days, avoiding steep duties on each other’s goods. Bessent added that Chinese President … Read more
