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Monday, June 10, 2024

Asia Market Movers | Goldman Sachs preview the Federal Open Market Committee (FOMC) this week - no cut, but ...

Goldman Sachs preview the Federal Open Market Committee (FOMC) this week - no cut, but ...

The Federal Reserve's Federal Open Market Committee (FOMC) meeting this week, on Tuesday and Wednesday. Statement due at 2pm US Eastern time, with Powell's press conference following a half hour later... 

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Volvo shifting production of Chinese-made electric vehicles to Europe, to avoid tariffs

UK Times (gated) with the report: Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the EU will drive ahead with a crackdown on Beijing-su... 

It's a big week coming up for oil, we hear again from OPEC plus from the IEA

It's a big week coming up for oil, especially on Tuesday and Wednesday (FOMC Wednesday too!): The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) wi... 

Japan economic 'roadmap' leak getting another outing after disastrous economic slump data

Q1 GDP data from Japan confirmed the enormous contraction: Japan's Q1 GDP (revised) -1.8% (annualized) - massive economic slump Almost as if in response the draft of the Jap[anese government's annual... 

Goldman Sachs oil forecast - see USD90/bbl Brent ceiling base case, risk to downside

Goldman Sachs on oil, in brief: Sees a $90/bbl ceiling in their base case of no geopolitical supply hits, and the risks to their $75-$90 range as modestly to the downside for oil prices We expect that... 

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Latest Forex Orders

FX option expiries for 7 June 10am New York cut

There are a few to take note of on the day, as highlighted in bold . Again, they are for EUR/USD and layered between 1.0875 through to 1.0900. Given that markets are largely waiting on the US jobs rep... 

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