Forex News - TradeCenterFX

Netherlands, The Consumer Confidence Adj down to -25 in November from previous -22

Thu, 21 Nov 2024 00:30:03 -0500

Netherlands, The Unemployment Rate s.a (3M) unchanged at 3.7% in October

Thu, 21 Nov 2024 00:30:02 -0500

BOJ Ueda says will 'seriously' take into account FX impact on economy, prices

Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will "seriously" take into account foreign exchange-rate moves in compiling its economic and price forecasts.

Thu, 21 Nov 2024 00:23:36 -0500

BoJ's Ueda: Technological advancements bring new risks to financial stability

Bank of Japan (BoJ) Governor Kazuo Ueda doesn't touch upon monetary policy and economic outlook during his scheduled appearance on Thursday.

Thu, 21 Nov 2024 00:18:14 -0500

ICYMI - OPEC+ could further extend voluntary cuts at its December meeting

OPEC+ is scheduled to meet on December 1. Reuters (out overnight) cite unnamed sources for info: It may push back output increases when it meets on Dec. 1 due to weak global oil demand according to three OPEC+ sources familiar with the discussions Ministers last shelved the increase for a month when they met virtually on Nov. 3 Two other OPEC+ sources said it was too early to say what the group will decide.

Wed, 20 Nov 2024 23:30:44 -0500

China's government advisers advocate for 2025 growth target of around 5%

Four Chinese government advisers advocated for a 2025 growth target of around 5%, similar to this year, Reuters reported on Thursday.

Wed, 20 Nov 2024 23:28:00 -0500

US firms plan for Trump China tariffs - stockpiling, raising prices?, bailing out of China

The Wall Street Journal (gated) with the report. Probably most interesting, for China, are moves to diversify supply chains away from the country:

Wed, 20 Nov 2024 22:28:54 -0500

Cautious Fed outlook, geopolitical risks to keep rupee on the defensive

The Indian rupee is likely to stay under pressure on Thursday as the prospect of less aggressive interest rate cuts by the Federal Reserve and geopolitical risks from the Ukraine-Russia conflict renewed strength in the U.S. dollar.

Wed, 20 Nov 2024 21:52:44 -0500

Indian exports not adversely impacted by rupee exchange rate policy, cenbank says

The Reserve Bank of India's approach to managing the rupee's exchange rate has not had an adverse impact on the global competitiveness of the country's exports, the central bank said in its monthly bulletin released late on Wednesday.

Wed, 20 Nov 2024 21:43:50 -0500

Indian billionaire Gautam Adani charged in US over $265 million bribery scheme

Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million bribery scheme, plunging his conglomerate deep into crisis for the second time in two years.

Wed, 20 Nov 2024 21:27:19 -0500

Oil and Natural Gas Technical Analysis: Geopolitical Tensions and Seasonal Demand

The oil market shows no clear direction while the natural gas price surged higher on strong demand.

Wed, 20 Nov 2024 20:58:57 -0500

Adani dollar bond prices fell sharply following charges against Chairman Adani

U.S. authorities allege Chairman Gautam Adani and seven others paid $265 million in bribes to Indian government officials. Adani Group has not commented on the allegations as yet.

Wed, 20 Nov 2024 20:56:53 -0500

RBA Cash Rate: Later But Faster Cuts Now More Likely

We have revised our view of the most likely scenario for the path of the RBA's cash rate, pushing out the start date of the rate-cutting cycle from February to May, but more front-loaded than previously assumed.

Wed, 20 Nov 2024 20:55:03 -0500

Japanese Yen gains positive traction against USD, upside potential seems limited

The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Thursday and drags the USD/JPY pair away from the weekly top touched the previous day. Any meaningful JPY appreciation, however, seems elusive in the wake of the uncertainty tied to the Bank of Japan's (BoJ) pace and the timing of further interest rate hikes.

Wed, 20 Nov 2024 20:53:55 -0500

Fed's Collins: Additional policy easing required, final destination still uncertain

Boston Fed President Susan Collins stated in a speech that “additional policy easing is needed” as monetary policy remains “at least somewhat restrictive.”

Wed, 20 Nov 2024 20:52:37 -0500

Australian Dollar appreciates due to a hawkish mood surrounding the RBA policy outlook

The Australian Dollar (AUD) retraces its recent losses on Thursday, buoyed by a hawkish outlook from the Reserve Bank of Australia (RBA) concerning interest rates. Despite this, the AUD/USD pair could still face downward pressure as the US Dollar (USD) might strengthen due to safe-haven flows amid the escalating Russia-Ukraine conflict.

Wed, 20 Nov 2024 20:50:27 -0500

Fed's Cook confident inflation moving toward target

Fed Governor Lisa Cook said in a speech that the US economy is in a “good position”. She remains “confident” that inflation is moving sustainably toward Fed's 2% objective, while acknowledging that the path may be “occasionally bumpy.

Wed, 20 Nov 2024 20:44:20 -0500

WTI steadies near $69.00 amid geopolitical risks, rise in US crude stock

Wed, 20 Nov 2024 20:34:00 -0500

Adani dollar bonds tumble after US bribery charges

Dollar bond prices for Adani companies fell sharply in early Asia trade on Thursday after the Indian conglomerate's billionaire chairman was indicted in New York over allegations of bribery and fraud.

Wed, 20 Nov 2024 20:32:13 -0500

TSMC expected to build one new fabrication facility a year in Taiwan over the next decade.

Also, said that TSMC's fabs in Kaohsiung, southern Taiwan, are “ready to go” likely indicating that the necessary power and water infrastructure is already in place.

Wed, 20 Nov 2024 20:31:31 -0500