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USD/INR maintains position above 87.00 after HSBC PMI data release
USD/INR maintains position above 87.00 after HSBC PMI data release
USD/INR continues its upward momentum for the fourth consecutive day, trading around 87.10 during Wednesday’s Asian session.
USDINR
Macroeconomics
TradeWar
India
Asia
Political Bets Are Allowed, but Not Sports: Robinhood Halts Super Bowl Event Contracts
Political Bets Are Allowed, but Not Sports: Robinhood Halts Super Bowl Event Contracts
News Discussion Forum
By Finance Magnates
Political Bets Are Allowed, but Not Sports: Robinhood Halts Super Bowl Event Contracts
Robinhood (Nasdaq: HOOD) has suspended offering Super Bowl event contracts only a day after listing them, following a request from the Commodity Futures Trading Commission (CFTC).
robinhood
event contracts
CFTC
EUR/USD lacks firm intraday direction, stuck in a range around 1.0375-1.0380 zone
EUR/USD lacks firm intraday direction, stuck in a range around 1.0375-1.0380 zone
The EUR/USD pair struggles to capitalize on this week's solid recovery from the 1.0200 neighborhood, or the lowest level since January 13, and oscillates in a range near the weekly top touched earlier this Wednesday.
EURUSD
TradeWar
Fed
ECB
Currencies
What are the main events for today?
What are the main events for today?
The highlights include the US ADP, the US ISM Services PMI and the potential call between Trump and Xi
market overview
EU prepares to hit Big Tech in retaliation for Donald Trump’s tariffs - FT
EU prepares to hit Big Tech in retaliation for Donald Trump’s tariffs - FT
The Financial Times with the report citing two officials with knowledge of the plans
EUR/JPY falls to near 159.00 amid rising wages in Japan
EUR/JPY falls to near 159.00 amid rising wages in Japan
EUR/JPY retreats after gains in the previous session, trading near 159.00 during Asian hours on Wednesday.
EURJPY
Crosses
Macroeconomics
Japan
Eurozone
ForexLive Asia-Pacific FX news wrap: Solid Japan wage data, yen surges higher
ForexLive Asia-Pacific FX news wrap: Solid Japan wage data, yen surges higher
Forex news for Asian trading on Wednesday, February 5, 2025
Session wrap
Wrap Asia
GBP/USD holds steady below 1.2500; softer USD acts as a tailwind
GBP/USD holds steady below 1.2500; softer USD acts as a tailwind
The GBP/USD pair struggles to capitalize on its strong gains registered over the past two days and consolidates near a one-week top, below the 1.2500 psychological mark during the Asian session on Wednesday.
GBPUSD
TradeWar
Fed
BOE
Currencies
FX option expiries for Feb 5 NY cut
FX option expiries for Feb 5 NY cut
FX option expiries for Feb 5 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
Japan’s Akazawa: Government’s focus is to eradicate Japan's deflationary mindset
Japan’s Akazawa: Government’s focus is to eradicate Japan's deflationary mindset
Japan's Economy Minister Ryosei Akazawa noted on Wednesday that the ”government’s focus is to eradicate Japan's deflationary mindset.” “With an ambitious goal to boost minimum wages, the government is trying to eradicate deflationary mindset,” he added.
Japan
Inflation
Macroeconomics
USDJPY
US Customs and Border Protection says additional 10% tariffs will apply to Hong Kong and mainland China
US Customs and Border Protection says additional 10% tariffs will apply to Hong Kong and mainland China
The US Customs and Border Protection issued a notice on Wednesday, noting that additional US tariffs of 10% will apply to Hong Kong as well as mainland China.
TradeWar
UnitedStates
China
AUDUSD
HongKongSAR
BoJ official: Central bank sees underlying inflation gradually heading toward 2%
BoJ official: Central bank sees underlying inflation gradually heading toward 2%
An official at the Bank of Japan (BoJ) said on Wednesday that the “BoJ sees underlying inflation gradually heading toward 2%.” Additional comments Price rises post-pandemic have been driven mostly by cost-push factors, such as rising import costs from weak Yen.
BOJ
CentralBanks
USDJPY
WTI trades near $72.00, moves little as market downplays US-China trade tensions
WTI trades near $72.00, moves little as market downplays US-China trade tensions
West Texas Intermediate (WTI) crude oil price remains in negative territory for the third consecutive session, trading around $72.20 per barrel during Asian hours on Wednesday.
Oil
WTI
TradeWar
Macroeconomics
Commodities
FX option expiries for 5 February 10am New York cut
FX option expiries for 5 February 10am New York cut
A look at what is on the board for today
European Central Bank chief economist Philip Lane is speaking today
European Central Bank chief economist Philip Lane is speaking today
The ECB looks set to cut rates further, perhaps Lane can give us further confirmation on this
USD/CAD consolidates above 1.4300 mark; upside potential seems limited
USD/CAD consolidates above 1.4300 mark; upside potential seems limited
The USD/CAD pair enters a bearish consolidation phase after registering heavy losses over the past two days and holds above the 1.4300 mark during the Asian session on Wednesday.
USDCAD
TradeWar
BOC
Fed
Currencies
Japanese Yen stands firm against USD; looks to US ADP for fresh impetus
Japanese Yen stands firm against USD; looks to US ADP for fresh impetus
The Japanese Yen (JPY) attracts fresh buyers after data released during the Asian session on Wednesday showed a rise in Japan's real wages, which reaffirms bets that the Bank of Japan (BoJ) will raise interest rates again.
USDJPY
BOJ
InterestRate
TradeWar
SEO
NZD/USD hovers around 0.5650 following labor market data, China’s Services PMI
NZD/USD hovers around 0.5650 following labor market data, China’s Services PMI
NZD/USD remains steady following the release of the Caixin Services Purchasing Managers’ Index (PMI) from China, New Zealand’s close trading partner.
NZDUSD
Macroeconomics
TradeWar
NewZealand
Majors
US Postal Service suspends packages from China and Hong Kong until further notice
US Postal Service suspends packages from China and Hong Kong until further notice
Meanwhile, Chinese equities are weak
CNY
China Stock Market
China
CNH
China’s Caixin Services PMI unexpectedly drops to 51 in January vs. 52.3 expected
China’s Caixin Services PMI unexpectedly drops to 51 in January vs. 52.3 expected
China's Services Purchasing Managers' Index (PMI) unexpectedly fell to 51 in January from 52.2 in December, the latest data published by Caixin showed Wednesday.
China
EconomicIndicator
PMI
AUDUSD
China January Caixin Services PMI 51.0 (vs. 52.2 in December)
China January Caixin Services PMI 51.0 (vs. 52.2 in December)
Activity in China's services sector
CNY
China Stock Market
China
CNH
Fed’s Jefferson: No need to hurry further rate cuts; strong economy makes caution appropriate
Fed’s Jefferson: No need to hurry further rate cuts; strong economy makes caution appropriate
Federal Reserve (Fed) Vice Chairman Philip Jefferson was on the wires late Tuesday, commenting on the economic and interest rates outlooks.
Fed
CentralBanks
DollarIndex
InterestRate
Australian Dollar moves little as traders put eyes on US-China tariff situation
Australian Dollar moves little as traders put eyes on US-China tariff situation
The Australian Dollar (AUD) edges lower against the US Dollar (USD) amid an increased risk aversion following rising fears over US-China trade tensions.
AUDUSD
SEO
TradeWar
Macroeconomics
Australia
The People's Bank of China has set the CNY at its strongest since November 8 last year
The People's Bank of China has set the CNY at its strongest since November 8 last year
China is holding the prospect of devaluing the yen in reserve as part of its trade negotiation strategy
CNY
China Stock Market
China
CNH
pboc
PBOC sets USD/CNY reference rate at 7.1693
PBOC sets USD/CNY reference rate at 7.1693
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1693 as compared to 7.2661 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
PBOC sets USD/ CNY reference rate for today at 7.1693 (vs. estimate at 7.2661)
PBOC sets USD/ CNY reference rate for today at 7.1693 (vs. estimate at 7.2661)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
Japan January services PMI 53.0 (prior 50.9)
Japan January services PMI 53.0 (prior 50.9)
Composite strongest growth since September
ANZ says NZ jobs data don’t stand in the way of RBNZ 50bp cut at meeting on 19 February
ANZ says NZ jobs data don’t stand in the way of RBNZ 50bp cut at meeting on 19 February
Data all but locks in a 50bps OCR cut at the RBNZ’s next meeting on 19 February
RBNZ
NZD
PBOC is expected to set the USD/CNY reference rate at 7.2661 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2661 – Reuters estimate
China is back from its long holiday today
CNY
China Stock Market
China
CNH
pboc
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