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PBOC is expected to set the USD/CNY reference rate at 7.2535 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2535 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
The Bank of England (BoE) is expected to cut interest rates by 25bp at its meeting today
The Bank of England (BoE) is expected to cut interest rates by 25bp at its meeting today
Statement due at 1200 GMT (0700 US Eastern time) - Governor Bailey to speak a half hour later
GBP
BOE
NZD/USD gains ground to near 0.5700 on weaker US PMI data
NZD/USD gains ground to near 0.5700 on weaker US PMI data
The NZD/USD pair trades with mild gains around 0.5690 during the early Asian session on Thursday.
NZDUSD
TradeWar
Majors
Macroeconomics
BoJ hawk Naoki Tamura is scheduled to speak soon
BoJ hawk Naoki Tamura is scheduled to speak soon
9.30 am Tokyo time / 0030 GMT / 2030 US Eastern time
EUR/USD stuck on familiar technical levels during midweek lull
EUR/USD stuck on familiar technical levels during midweek lull
EUR/USD dragged its feet on Wednesday, finding some topside bidding action as a broad-market recovery in risk appetite keeps bids behind the US Dollar under pressure.
EURUSD
RetailSales
NFP
JP Morgan maintains view that US-China tariff war likely to escalate, all the way to 60%
JP Morgan maintains view that US-China tariff war likely to escalate, all the way to 60%
JPM says that while the path ahead remains highly unpredictable, its baseline remains that Trump's tariffs on China will rise to 60%
CNY
China Stock Market
China
CNH
GBP/USD cautiously bullish ahead of BoE rate call
GBP/USD cautiously bullish ahead of BoE rate call
GBP/USD found some bidding action amid a broad-market easing in the Greenback.
GBPUSD
BOE
NFP
Bullish
China initiates WTO complaint regarding new US tariffs
China initiates WTO complaint regarding new US tariffs
China initiated a World Trade Organization (WTO) over the new tariffs imposed by the United States on goods from China, the WTO said on Wednesday.
China
UnitedStates
TradeWar
Macroeconomics
USD/CAD trades with mild losses near 1.4300 as tariff worries ease
USD/CAD trades with mild losses near 1.4300 as tariff worries ease
The USD/CAD pair posts modest losses near 1.4315 during the late American session on Wednesday.
USDCAD
Majors
Macroeconomics
USD/JPY forecast to 145
USD/JPY forecast to 145
Market consensus out of line?
JP Morgan see a much weaker Chinese yuan due to Trump tariffs, PBoC to step in
JP Morgan see a much weaker Chinese yuan due to Trump tariffs, PBoC to step in
People's Bank of China will allow the yuan to weaken, but not too much
CNY
CNH
pboc
Forexlive Americas FX news wrap 5 Feb: Yields move lower helped by lower ISM services
Forexlive Americas FX news wrap 5 Feb: Yields move lower helped by lower ISM services
Forex news for North American trading on Feb 5, 2025
Session wrap
Wrap Nth America
Trump's Treasury Secretary Bessent threatens the largest tax hike in history
Trump's Treasury Secretary Bessent threatens the largest tax hike in history
Bessent urging getting the tax law passsed
Bonds
Politics
SPX
USD
Economic calendar in Asia 06 February 2025 - Fed speaker, Australian data
Economic calendar in Asia 06 February 2025 - Fed speaker, Australian data
Asian Economic Calendar: Key Events and Consensus Expectations for 06 February 2025
economic calendar
US stocks shake off the early weakness
US stocks shake off the early weakness
Closing changes for the main US equity markets
Australian Dollar climbs as mixed US data boosts risk sentiment
Australian Dollar climbs as mixed US data boosts risk sentiment
The Australian Dollar (AUD/USD) edges toward 0.6300, buoyed by mixed United States data that softened the Greenback and lifted broader risk assets.
AUDUSD
Majors
Currencies
TradeWar
Fed's Goolsbee: Can't ignore threats to supply chains like tariffs
Fed's Goolsbee: Can't ignore threats to supply chains like tariffs
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Wednesday that it is difficult for central banks to generally estimate the fallout of things like tariffs, and could complicate the Fed's ability to accomplish its task of bringing inflation down to 2%.
Fed
CentralBanks
TradeWar
Inflation
Forex Today: The BoE is expected to ease its monetary stance
Forex Today: The BoE is expected to ease its monetary stance
The US Dollar continued its slide on Wednesday, retesting multi-day lows against its peers amid a steady unravelling of positions and lingering uncertainty over Trump’s trade policies.
BOE
GBPUSD
Currencies
EURUSD
Canadian Dollar continues to drift higher on Wednesday
Canadian Dollar continues to drift higher on Wednesday
The Canadian Dollar (CAD) tested higher against the Greenback on Wednesday, chalking in a scant one-fifth of one percent gain following the early week’s sharp recovery from multi-decade lows.
USDCAD
SEO
Currencies
US Dollar under pressure as markets digest US mid-tier data
US Dollar under pressure as markets digest US mid-tier data
The US Dollar Index (DXY), which measures the USD against a basket of currencies, struggled to recover losses on Wednesday and declined against most major peers.
DollarIndex
SEO
Currencies
TradeWar
SocGen: Short-term trade – Sell EUR/JPY
SocGen: Short-term trade – Sell EUR/JPY
Trade idea from Societe General
JPY
EUR
Dow Jones Industrial Average climbs on Wednesday, adds 300 points
Dow Jones Industrial Average climbs on Wednesday, adds 300 points
The Dow Jones Industrial Average (DJIA) climbed 120 points on Wednesday, bolstered by a general improvement in market sentiment.
DowJones
Equities
SEO
ECB's Centeno: May need to go below neutral to sustain inflation
ECB's Centeno: May need to go below neutral to sustain inflation
European Central Bank (ECB) Governing Board Member Mario Centeno noted that deflationary pressures within the European economy are becoming a concern for policymakers.
ECB
CentralBanks
InterestRate
EIA weekly crude oil inventories +8664K vs +1962K expected
EIA weekly crude oil inventories +8664K vs +1962K expected
EIA weekly crude oil inventories for the week ending January 31
Fed's Barkin: Does not see rate hike as 'close' to the base case
Fed's Barkin: Does not see rate hike as 'close' to the base case
Barkin pushes back against any chance of a rate hike
US ISM Services PMI declines to 52.8 in January vs. 54.3 expected
US ISM Services PMI declines to 52.8 in January vs. 54.3 expected
The economic activity in the US service sector continued to expand in January, albeit at a softer pace than in December, with the ISM Services PMI declining to 52.8 from 54.
PMI
UnitedStates
EconomicIndicator
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