Antonia安东妮儿
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China’s SAFE: Will steadily promote financial market opening
Speaking at the annual Boao Forum on Friday, Xu Zhibin, the deputy head of the State Administration of Foreign Exchange (SAFE), said that he “will steadily promote financial market opening.” Additional comments Will improve policies to facilitate cross-border investment. Will further enhance capital
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NZD/USD remains under selling pressure below 0.6000, US PCE data looms
NZD/USD edges lower to 0.5970 amid stronger USD and dovish comments from RBNZ. The US economy grew faster than expected in the fourth quarter (Q4). RBNZ’s Orr said the central bank is on course to get inflation back into the target band, rate cuts are getting closer. The US February Core PCE will be
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After three down days in a row the markets migrated to the upside
USD: Jun '24 is Up at 104.300. Energies: Apr '24 Crude is Up at 82.17. Financials: The June '24 30 Year T-Bond is Down 5 ticks and trading at 120.01. Indices: The Jun '24 S&P 500 emini ES contract is 8 ticks Lower and trading at 5306.25. Gold: The Apr'24 Gold contract is trading Up at 2233.30. I
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World Market Trends Driven By Rate Cut Hopes
Growing rate cut hopes dominated global market sentiment even amidst lingering concerns about the PCE data to be released from the U.S. on Friday. The yen's weakness amidst hints of a potentially longer-than-expected accommodative stance by the Bank of Japan also swayed market sentiment. Wall Street
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China Industrial Profits Increase
China's industrial profits increased notably in the first two months of the year driven by the improvement in the manufacturing sector, data from the National Bureau of Statistics showed on Wednesday. Industrial profits grew 10.2 percent in the January to February period from the previous year. This
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SEK still looks a bit fragile in the near term – ING
The Riksbank announces monetary policy today. Economists at ING analyze the Swedish Krona (SEK) outlook ahead of the decision. Riksbank to resist dovish temptation Consensus is firmly calling for a hold. We agree and markets are not pricing any move either. Our view is that the Riksbank will revise
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Japan’s Suzuki won't rule out steps to address disorderly FX moves
Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Tuesday. Suzuki said it’s important for currencies to move in a stable manner reflecting fundamentals and he will closely watch foreign exchange moves with a high sense of urgency. Key quotes “Important for currencies to m
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The week ahead: Chip wars, FX in focus, and eyes on European stocks as we near the end of Q1
Last week highlighted how central banks are directing asset markets right now. As we get to the peak of the hiking cycle and wait for the next move from the Fed, the BOE and the ECB, the markets are happy to extend gains and rally into the end of Q1. The surprising thing about Q1 was the lack of sto
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