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Tuesday, July 2, 2024

Asia Market Movers: ECB speakers on Tuesday include Schnabel, de Guindos and President Lagarde

ECB speakers on Tuesday include Schnabel, de Guindos and President Lagarde

I posted earlier on Powell speaking at the ECB forum later today: Federal Reserve Chair Powell is speaking on Tuesday In the screenshot below you'll note plenty of other big wigs on the agenda: de Gui... 

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Increasing speculation of a PBOC RRR cut this month or next

There are some expectations about of a People's Bank of China (PBOC) Reserve Requirement Ratio (RRR) cut this month, or in August, to boost long term liquidity and support bond buying. Chinese state m... 

Japan finance minister Suzuki make some yen comments

Some JPY verbal intervention attempts from Japan's finance minister Suzuki Won't comment on FX levels No change in the government's stance on FX The market has been driven by various factors, includin... 

Federal Reserve Chair Powell is speaking on Tuesday

Powell is speaking at 1330 GMT / 0930 US Eastern time at the ECB forum in Sintra. You'll note below that European Central Bank President Lagarde is on the same panel with him. There are a number of EC... 

RBA - a material rise in inflation expectations could require significantly higher rates

Reserve Bank of Australia June meeting minutes. Headlines via Reuters: The RBA Board judged the case for holding rates steady stronger than for hiking Needed to be vigilant to upside risks to inflatio... 

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Latest Forex Orders

FX option expiries for 1 July 10am New York cut

There is just one on the board to take note of, as highlighted in bold . That being for EUR/USD at the 1.0700 level. The size of the expiry is a big one so that could keep a floor under the pair in te... 

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