A weekend editorial from the China Real Estate Newspaper, a media outlet affiliated with the Ministry of Housing and Urban-Rural Development, highlighted untapped potential in existing and new policies. It emphasized the need for timely innovation and adjustment of financial strategies to stabilize and strengthen the real estate market’s rebound. *** This is obviously non-specific stuff, just giving a…
On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1870, as compared to Friday’s fix of 7.1901 and 7.2880 Reuters estimates.
This is via a Wall Street Journal interview with Goldman Sachs Chief Economist Jan Hatzius. Hatzius has, so far, stuck with his forecast for 3 interest rate cuts from the Federal Reserve in 2025, citing: I think a lot of the underlying reasons for disinflation are still intact for me, (its) hard to see how we’re reversing this underlying…
US President-elect Donald Trump has demanded Panama reduce fees on the Panama Canal or return it to US control, accusing Panama of charging excessive rates to use the Central American passage, per Reuters. Trump also said he would not allow the canal to fall into the “wrong hands,” citing possible Chinese control of the passage. However, Panama’s President Mulino…
Putin-Fico Meeting: Russian President Vladimir Putin met Slovak Prime Minister Robert Fico in the Kremlin. Discussions focused on gas transit and international relations as the Russia-Ukraine gas transit contract nears expiration (end of 2024). Slovakia’s Gas Dependency: Slovakia relies on gas transiting through Ukraine. Fico criticized Ukrainian President Zelensky for refusing to extend the transit deal. Slovakia’s Stance: Fico…
The GBP/USD pair rebounded towards 1.2540 after the release of US inflation data and the Bank of England’s (BoE) monetary policy decision on Thursday. While the pair benefited from softer-than-expected US Personal Consumption Expenditure (PCE) data, the BoE’s cautious stance on rate cuts and weaker UK Retail Sales data kept gains in check. Read More… The Pound Sterling (GBP) recovers sharply in North…
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there. Its also a week of many holidays for many major FX centres. Official and unofficial. TL;DR is that the vast bulk of institutional pariticants will be…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Jagmeet Singh and Justin Trudeau The NDP has been the propping up the minority Liberal government since the 2021 election. It was a formal alliance for most of that time but lately it’s be one-off partnership. Now, with the Liberals in disarray, the NDP says it’s cutting bait. NDP leader Jagmeet Singh says his party will vote to defeat…
Amgen stock gains on drug results of Novo Nordisk. Novo Nordisk’s CagriSema drug reduced testings subjects’ weight less than expected. Amgen itself has struggled with developing its MariTide weightloss drug. AMGN stock has been in a downtrend since at least July. Amgen stock gained more than 2% in Friday’s morning session after foreign weightloss drug competitor Novo Nordisk (NVO)…
