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Monday, November 25, 2024

Asia Market Movers | UBS target US$2,900 gold year-end 2025 - preferred hedge against geopolitical tensions

UBS target US$2,900 gold year-end 2025 - preferred hedge against geopolitical tensions

The gold price has fallen away to open the week here in Asia, to lows circa USD2690. Down from a three-week high. On Friday UBS sent out a note confirming their US$2,900 target for gold by year-end 20... 

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Bank of England Dhingra and Lombardelli speaking on Monday

The Bank of England r educed rates by 25 basis points to 4.75% on November 7 . 0900 GMT/0400 US Eastern time: Bank of England Deputy Governor Clare Lombardelli gives a speech at the annual Bank of En... 

People's Bank of China shift to the MLF as the main policy tool - drain today facilitates

The news is here from earlier: PBOC net drain 550bn via MLF. Rate unchanged at 2% The Wall Street Journal (gated ) recaps the move from the Bank, pointing out: In recent months, Chinese authorities ha... 

European Central Bank speakers Monday include Lane, Makhlouf

Coming up from the ECB today: 1630 GMT/1130 US Eastern time: European Central Bank Chief Economist Philip Lane gives a speech at the annual Bank of England Watchers' Conference organised by King's Bus... 

PBOC net drain 550bn via MLF. Rate unchanged at 2%

People's Bank of China issue a one year MLF at 2% 900bn yuan added 1445bn yuan in MLF mature today .... matured on November 15 net 550bn yuan drain... 

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Latest Forex Orders

FX option expiries for 22 November 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0500 level. However, just be wary that this comes after the daily break below the figure... 

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