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WTI remains on the defensive near $71.00 amid a rise in US oil stockpiles, concern about US-China trade
WTI remains on the defensive near $71.00 amid a rise in US oil stockpiles, concern about US-China trade
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.00 during the early Asian session on Thursday.
Oil
WTI
Commodities
Macroeconomics
AUD/JPY drops to near 95.50 as Australia's trade surplus shrinks to a three-month low
AUD/JPY drops to near 95.50 as Australia's trade surplus shrinks to a three-month low
AUD/JPY extends its losses for the second successive day, trading around 95.60 during the Asian hours on Thursday.
AUDJPY
Crosses
Macroeconomics
Japan
Australia
BoJ's Tamura suggests gradual rate hike in a timely manner
BoJ's Tamura suggests gradual rate hike in a timely manner
The Bank of Japan (BoJ) board member Naoki Tamura on Thursday suggested a gradual rate hike in a timely manner.
Japan
InterestRate
CentralBanks
Macroeconomics
Fed's Jefferson: Happy to keep Fed Funds on hold at current rate
Fed's Jefferson: Happy to keep Fed Funds on hold at current rate
Federal Reserve Vice Chair Philip Jefferson said on Thursday that he is happy to keep the Fed Funds on hold at the current level, adding that he will wait to see the net effect of Trump policies.
Fed
CentralBanks
Macroeconomics
UnitedStates
PBOC sets USD/ CNY mid-point today at 7.1691 (vs. estimate at 7.2535)
PBOC sets USD/ CNY mid-point today at 7.1691 (vs. estimate at 7.2535)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
PBOC sets USD/CNY reference rate at 7.1691 vs. 7.1693 previous
PBOC sets USD/CNY reference rate at 7.1691 vs. 7.1693 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1691 as compared to the previous day's fix of 7.1693 and 7.2535 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
Fed's Jefferson says happy to keep Fed Funds on hold at current rate
Fed's Jefferson says happy to keep Fed Funds on hold at current rate
More from Federal Reserve Vice Chair Philip Jefferson
Japan's Kato sees inflation pressure continuing to rise
Japan's Kato sees inflation pressure continuing to rise
Japan's Finance Minister, Katsunobu Kato, said on Thursday that the end of deflation has not yet been achieved.
Japan
Macroeconomics
Inflation
XRP Awaits Breakout as SEC Reassigns Litigator amid Ripple Case Speculation
XRP Awaits Breakout as SEC Reassigns Litigator amid Ripple Case Speculation
News Discussion Forum
By Finance Magnates
XRP Awaits Breakout as SEC Reassigns Litigator amid Ripple Case Speculation
The US Securities and Exchange Commission (SEC) has reassigned two key staff members, fuelling speculation about the agency's direction.
XRP
ripple. xrp
Ripple
crypto
US SEC
Australian Dollar declines as US Dollar holds gains ahead of Initial Jobless Claims
Australian Dollar declines as US Dollar holds gains ahead of Initial Jobless Claims
The Australian Dollar (AUD) edges lower against the US Dollar (USD) following lower-than-expected Trade Balance data released on Thursday.
AUDUSD
SEO
Macroeconomics
Majors
Australia
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
Why XRP is Goin Down: Price Faces Decline, but Market Holds Hope for Recovery
Why XRP is Goin Down: Price Faces Decline, but Market Holds Hope for Recovery
News Discussion Forum
By Finance Magnates
Why XRP is Goin Down: Price Faces Decline, but Market Holds Hope for Recovery
The cryptocurrency targeting global payments, XRP, is facing headwinds. Its price is currently trading at $2.45, representing a 6% and 19% decline in the past day and week, respectively.
XRP
ripple. xrp
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
Costco trades to a new all-time high  What next technically?
Costco trades to a new all-time high What next technically?
Costco shares now targets $1047. Move above and the door swings wide open.
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
What does a comparison of 3 chip stocks tell traders? I look at AMD, Nvidia & Broadcom.
What does a comparison of 3 chip stocks tell traders? I look at AMD, Nvidia & Broadcom.
Broadcom and Nvidia are the beneficiaries as they are both higher. What does a comparison of each of the chip stocks saying? What is the bias, the risk, the potential targets for each?
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