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USD/JPY drifts higher above 149.50 as Trump speaks
USD/JPY drifts higher above 149.50 as Trump speaks
The USD/JPY pair attracts some buyers to around 149.75 during the Asian trading hours on Tuesday.
USDJPY
Majors
Macroeconomics
US President Trump: Will impose tariffs on products not made in the US
US President Trump: Will impose tariffs on products not made in the US
US President Donald Trump is addressing a joint session of Congress at the Capitol Building, in Washington DC, on Wednesday.
OfficialTrump
UnitedStates
TradeWar
DollarIndex
USD/INR falls ahead of US PMI data
USD/INR falls ahead of US PMI data
The Indian Rupee (INR) flat lines on Wednesday. The rising US Dollar (USD) buying by foreign banks and Indian importers, especially local oil companies, might exert some selling pressure on the local currency.
USDINR
India
SEO
Macroeconomics
EmergingMarkets
NZD/USD trades flat around 0.5650 despite upbeat China Services PMI, Governor Orr resigns
NZD/USD trades flat around 0.5650 despite upbeat China Services PMI, Governor Orr resigns
NZD/USD trims its daily gains, trading around 0.5650 during Asian hours on Wednesday.
NZDUSD
Majors
Macroeconomics
NewZealand
RBNZ
Trump has begun speaking
Trump has begun speaking
I'll post up anything pertinent to traders
Politics
BoJ’s Uchida: If forecasts met the Bank will adjust policy further
BoJ’s Uchida: If forecasts met the Bank will adjust policy further
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, “if forecasts met the Bank will adjust policy further.” Additional quotes If forecasts met the Bank will adjust policy further.
BOJ
CentralBanks
USDJPY
InterestRate
Trump will address Congress soon
Trump will address Congress soon
9pm US Eastern time scheduled start
Politics
China’s Caixin Services PMI surprisingly jumps to 51.4 in February vs. 50.8 expected
China’s Caixin Services PMI surprisingly jumps to 51.4 in February vs. 50.8 expected
China's Services Purchasing Managers' Index (PMI) unexpectedly firmed to 51.4 in February from 51 in January, the latest data published by Caixin showed Wednesday.
China
PMI
EconomicIndicator
AUDUSD
China February Caixin Services PMI 51.4 (expected 50.8)
China February Caixin Services PMI 51.4 (expected 50.8)
The last of the PMIs from China for February
CNY
China Stock Market
China
CNH
Australian Dollar holds gains as US Dollar remains subdued ahead of ISM Services PMI
Australian Dollar holds gains as US Dollar remains subdued ahead of ISM Services PMI
The Australian Dollar (AUD) moves sideways on Wednesday, with the AUD/USD pair gaining ground
AUDUSD
SEO
Majors
Macroeconomics
Australia
New York Times reports Trump signalled privately he'll stick with tariffs
New York Times reports Trump signalled privately he'll stick with tariffs
is not trim them or withdraw them as Lutnick says
Bonds
Politics
SPX
CAD
USD
MXN
China's Finance Ministry says will step up the pace of fiscal spending
China's Finance Ministry says will step up the pace of fiscal spending
China's finance ministry stated early Wednesday that the government will increase the intensity of fiscal spending and will adopt more proactive, sustainable, robust, and effective fiscal policies in 2025.
China
Macroeconomics
PBOC sets USD/ CNY mid-point today at 7.1714 (vs. estimate at 7.2575)
PBOC sets USD/ CNY mid-point today at 7.1714 (vs. estimate at 7.2575)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
China says it'll reduce Reserve Requirement Ratio at appropriate time
China says it'll reduce Reserve Requirement Ratio at appropriate time
This old chestnut. AHrdly a week goes by without this headline.
US President Donald Trump readies order to bolster US shipbuilders and punish China - WSJ
US President Donald Trump readies order to bolster US shipbuilders and punish China - WSJ
The Wall Street Journal reported early Wednesday that the Trump administration is preparing an executive order to bolster US shipbuilders and cut Chinese dominance of the global maritime industry.
UnitedStates
China
TradeWar
Macroeconomics
RBNZ Governor Orr resigns
RBNZ Governor Orr resigns
Reserve Bank of New Zealand Governor Orr has resigned
China says it'll keep the yuan exchange rate basically stable
China says it'll keep the yuan exchange rate basically stable
The People's Bank of China have been doing a good job of this
CNY
China Stock Market
China
CNH
Lutnick tried to calm down tensions with Canada - report
Lutnick tried to calm down tensions with Canada - report
Lutnick called Ontario's Premier and asked him to deescalate rhetoric
Politics
Australian Q4 2024 GDP +0.6% q/q (vs. expected +0.5%)
Australian Q4 2024 GDP +0.6% q/q (vs. expected +0.5%)
Australian economic growth data for the final quarter of last year
PBOC is expected to set the USD/CNY reference rate at 7.2575 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2575 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
China sets 2025 growth goals around 5%
China sets 2025 growth goals around 5%
Chinese authorities said early Wednesday that it will target economic growth for 2025 around 5% and will target CPI for 2025 at 2%.
China
Macroeconomics
GDP
CPI
WTI extends downside to near $67.50 on OPEC+ output rise, tariff threats
WTI extends downside to near $67.50 on OPEC+ output rise, tariff threats
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.65 during the early Asian session on Wednesday.
WTI
Oil
Macroeconomics
Commodities
New Zealand data - ANZ World Commodity Price Index +3.0% m/m (prior +1.8% in January)
New Zealand data - ANZ World Commodity Price Index +3.0% m/m (prior +1.8% in January)
The index tracks the prices of 17 of New Zealand's major commodity exports, including dairy products, meat, wool, forestry products, and seafood.
EUR/USD rallies hard as markets bet on tariff pivot
EUR/USD rallies hard as markets bet on tariff pivot
EUR/USD pinned the gas pedal on Tuesday, surging 1.4% and climbing 140 pips in a single session as markets sell off the US Dollar and bet that US President Donald Trump will find a reason to walk back his own tariff threats.
EURUSD
TradeWar
ECB
NFP
PMI
China says it'll target 2025 economic growth 'around 5%'
China says it'll target 2025 economic growth 'around 5%'
China target GDP growth in 2025 'around 5%'
China Stock Market
China
What Trump is going to talk about in his Tuesday evening speech
What Trump is going to talk about in his Tuesday evening speech
Trump is to address a joint sitting of the US Congress
Politics
USD/CAD tumbles to near 1.4400 amid trade tensions
USD/CAD tumbles to near 1.4400 amid trade tensions
The USD/CAD pair extends the decline to near 1.4400 during the late American session on Tuesday.
USDCAD
Majors
Macroeconomics
NZD/JPY Price Forecast: Bounces off 7-month low, but downtrend remains
NZD/JPY Price Forecast: Bounces off 7-month low, but downtrend remains
The NZD/JPY recovered some ground on Tuesday after dropping to a seven-month low of 83.15.
NZDJPY
Currencies
Crosses
Technical Analysis
RBA's Hauser says closely watching the trade war impact on inflation
RBA's Hauser says closely watching the trade war impact on inflation
Reserve Bank of Australia Deputy Governor Hauser Q&A
RBA
AUD
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