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Thursday, September 19, 2024

Asia Market Movers: New Zealand remains in a prolonged recession. RBNZ needs to get cash rate below 4%, asap.

New Zealand remains in a prolonged recession. RBNZ needs to get cash rate below 4%, asap.

I posted earlier on the data from New Zealand showing not quite as bad economic contraction as expected. But, still contraction: New Zealand Q2 GDP -0.2% q/q (expected -0.4%) Responses: What's coming... 

tranche

Bank of England Interest Rate Decision: Analysts Predict No Change in Rates

The Bank of England meets today, Thursday, September 19, 2024. Decision due at 1100 GMT 0700 US Eastern time I posted a preview earlier here: BoA anticipate the Bank of England (BoE) will maintain Ba... 

USD continues to surge higher in Asia trade. USD/JPY near 144.00.

The USD is trading higher across the major FX board. Its particularly notable against the JPY. USD/JPY is around 143.90, from lows in the session earlier aroudn142.00! The dollar weakened in the lead... 

Australian August unemployment rate 4.2% (vs. 4.2% expected)

The latest from the Australian Bureau of Statistics for the Labour Force report, August 2024. Employment +47.5k expected +25.0k, prior +58.2k Unemployment Rate 4.2% expected 4.2%, prior 4.2% Participa... 

PBOC sets USD/ CNY reference rate for today at 7.0983 (vs. estimate at 7.0924)

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.... 

tranche

Latest Forex Orders

FX option expiries for 18 September 10am New York cut

It's all about the Fed today, and there isn't anything too significant on the option expiries board to really influence price action in the meantime. There is a decent sized one for USD/JPY at 141.00... 

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