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Wednesday, May 15, 2024

China's government is considering buying unsold homes to ease oversupply

China's government is considering buying unsold homes to ease oversupply

The plan is still in early stages of development. China's central government (State Council) is encouraging feedback from regional authorities on what is said to be a large-scale plan: local governmen... 

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US CPI due Wednesday. Here are the ranges of estimates (& why they're crucial to know).

US consumer inflation data is due at 1230 GMT, which is 0830 US Eastern time. Earlier previews: TD preview the US CPI report due Wednesday Bank of America Headline April CPI forecast is 0.33% m/m &... 

Australia data - Wage Price Index for Q1 2024: +0.8% q/q (expected +0.9%)

Wage Price Index (Q1) +4.1% y/y expected 4.2%, prior 4.2% and +0.8% q/q expected 0.9%, prior 0.9% The y/y result compares well with Australian budget forecast of 4% growth this year, and the RBA's for... 

People's Bank of China 125bn yuan of 1 year Medium-term Lending Facility (MLF), 2.5%

The MLF rate setting sets the scene for the Loan Prime Rate (LPR) setting coming up on the 20th. The unchanged rate, at 2.5%, for the MLF strongly suggests the one- and five-year LPRs will remain at t... 

PBOC sets USD/ CNY mid-point today at 7.1049 (vs. estimate at 7.2279)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.... 

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Latest Forex Orders

FX option expiries for 14 May 10am New York cut

There are a couple to take note of, as highlighted in bold . The first ones are for EUR/USD at the 1.0750 and 1.0800 levels. The latter will be of more interest as it acts alongside offers at the figu... 

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