Category: Economic
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Economic calendar in Asia 01 July 2024 – another Chinese PMI due
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Over the weekend, China’s official PMIs for June were released: Today we get the Caixin Manufacturing PMI which was privately surveyed. This remained in expansion in May despite the National Bureau of Statistics’ manufacturing PMI falling into contraction. This image is from the ForexLive economic data calendar, You can access…
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Today’s economic calendar 28 June 2024
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or…
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A Strategic Shift Amidst Japan’s Economic Turbulence
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Meta Planet, a public operator listed in Tokyo, has taken a bold step in the face of Japan’s economic woes by significantly increasing its Bitcoin reserves. This Bitcoin reserve strategy aims to hedge against the falling value of the yen and rising levels of government debt. Metaplanet’s first Bitcoin strategy…
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A Strategic Shift Amidst Japan’s Economic Turbulence
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Meta Planet, a public operator listed in Tokyo, has taken a bold step in the face of Japan’s economic woes by significantly increasing its Bitcoin reserves. This Bitcoin reserve strategy aims to hedge against the falling value of the yen and rising levels of government debt. Metaplanet’s first Bitcoin strategy…
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Economic calendar in Asia Tuesday, 18 June 2024 – RBA decision and press conference
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Caledonia to file preliminary economic assessment on chosen approach to develop the Bilboes sulphide gold project
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jun 03, 2024 • 14 minute…
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UBS sees NZD/USD on shaky ground amid economic headwinds By Investing.com
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UBS has expressed caution regarding the New Zealand dollar (NZD), citing a challenging economic outlook and the potential for underperformance against other major currencies. The pair has traded within a range of 0.59 to 0.62 recently, with relatively high interest rates in New Zealand providing some support despite the weakness…
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Artisanal miners at core of Kenya’s economic transformation agenda
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Since the Kenya Kwanzaa administration assumed power after the August 2022 general elections, the government has been on an unwavering journey of economic transformation, driven by a vision that puts the prosperity of its people at the forefront. Central to this transformation agenda is the mining sector, with a particular…
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Kenya’s deep rooted economic problems cannot be fixed by taxes alone
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According to figures recently released by the Kenya National Bureau of Statistics (KNBS), the Kenyan economy in 2023 grew at the fastest rate in 5 years driven largely by a recovery in agriculture and tourism while real wages contracted for the fourth year in a row. Did the state deliberately…
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University Joins £3m Campaign to Drive Midlands Economic Growth
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The University of Lincoln, UK, has joined a pioneering coalition of 17 universities to support a £3 million international campaign launched this week to drive economic growth in the Midlands. Each year the University contributes more than £400 million to the local economy and has built long-term, sustainable relationships with…
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Economic calendar in Asia Monday, 20 May 2024 – People’s Bank of China rate setting day
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Last Wednesday, the People’s Bank of China kept the interest rate on its medium-term lending facility unchanged at 2.5%. The MLF’s no-change rate strongly suggests that the one-year and five-year loan coverage rates will remain at the same rates as well: 3.45% and 3.95%, respectively The MLF rate setting is…
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US Leading Economic Index (LEI) M/M -0.6% vs. -0.3% expected
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US LEI -0.6% vs -0.3% expected and -0.3% previous. “Another decline in US LEIs confirms that softer economic conditions lie ahead,” said Justyna Zabinska-La Monica, senior director of business cycle indicators at The Conference Board. “Deteriorating consumer expectations about business conditions, weak new orders, a negative yield spread, and a…
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Fed minutes the big one to watch on the economic calendar next week
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And on days when we don’t get any big data, it can be a bit slow and uninspiring. So far today, we are at least seeing the dollar making a nice push higher. This has been helped by Treasury yields maintaining a bounce at a key technical juncture as noted…
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Dollar forecast to stabilize amid mixed economic signals By Investing.com
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Investing.com – The US dollar is expected to stabilize in the coming weeks after recent economic data showed mixed signals about the strength of the US economy. After a period of volatility, analysts at ING now expect a calmer trading environment with low volatility until more substantive data is released.…
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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
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The Bank of England is expected to keep interest rates steady at 5.25%, the sixth consecutive fix on Thursday. This decision comes against the backdrop of continued high inflation, which currently stands at 3.2%, which exceeds the bank’s target of 2%. In addition to the interest rate announcement, the bank…
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Deal or no deal with Hamas – the economic fallout
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The ongoing conflict between Israel and Hamas in the Gaza Strip and the complex situation on Israel’s northern border means that the Israeli economy faces a great deal of uncertainty, which can be expressed in several metrics. For example, the direct confrontation between Israel and Iran contributed to the weakening…