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Category: expected

  • Singapore’s central bank meets Monday, expected to maintain steady policy

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    Investor Empires

    The Monetary Authority of Singapore (MAS) is the country’s central bank. The policy meeting is scheduled to be held on Monday, October 14. MAS is expected to maintain policy stability: Nine out of 10 analysts polled by Reuters expect the Monetary Authority of Singapore to keep its policy unchanged at…

  • PBOC is expected to set the USD/CNY reference rate at 7.0734 – Reuters estimate

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    Investor Empires

    The People’s Bank of China is scheduled to release the USD/CNY reference exchange rate at approximately 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…

  • Oil survey of inventory shows a headline crude oil build much larger than expected

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    Investor Empires

    Huge building — — The expectations I saw focused on: Main crude +2.0 million barrels Distillates -1.9 million barrels Gasoline -1.1 million — This data point is from a special survey conducted by the American Petroleum Institute (API). It is a study of oil storage facilities and companies The official…

  • Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll By Reuters

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    Investor Empires

    By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to continue its recovery against its U.S. counterpart next year as lower borrowing costs support economic growth in Canada and investors’ appetite for risk increases, a Reuters poll showed. The Canadian currency has risen 3.3% since reaching a two-year…

  • NZDUSD continues lower today. RBNZ 50 BP cut expected next week.

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    Investor Empires

    The Reserve Bank of New Zealand will meet next week and the expectation is for a 50 basis point cut (they will meet on Wednesday in New Zealand). Today, the price fell below a swing zone between 0.6167 and 0.61796. That area will now be nearby resistance. On the downside,…

  • US weekly initial jobless claims 225K versus 220K expected

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    Investor Empires

    High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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…

  • Australian August trade surplus larger than expected

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    Investor Empires

    High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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…

  • Dollar gains as ADP shows better than expected jobs gains By Reuters

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    Investor Empires

    Written by Karen Brettell NEW YORK (Reuters) – The dollar hit a three-week high against the euro on Wednesday after the ADP national employment report showed that jobs in the U.S. private sector increased more than expected in September, ahead of jobs data expected on Friday. Traders are also closely…

  • Crypto Rally Expected In Q4 2024 With ‘Exceptionally High’ Chances: Analyst

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    Investor Empires

    A Bitcoin (BTC) break above $65,000 could lead to “exceptionally high” chances for the cryptocurrency to rally more broadly in the fourth quarter of 2024, according to Markus Thelen, head of research at 10x Research. A sustained Bitcoin rally could spark fear in altcoins Recently a reportThielen explained several factors…

  • Crypto Rally Expected In Q4 2024 With ‘Exceptionally High’ Chances: Analyst

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    Investor Empires

    A Bitcoin (BTC) break above $65,000 could lead to “exceptionally high” chances for the cryptocurrency to rally more broadly in the fourth quarter of 2024, according to Markus Thelen, head of research at 10x Research. A sustained Bitcoin rally could spark fear in altcoins Recently a reportThielen explained several factors…

  • US September UMich final consumer sentiment 70.1 vs 69.3 expected

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    Investor Empires

    Prelim was 69.0 The previous was 67.9 Current conditions 63.3 vs preliminary 62.9 (previous 61.3) Expectations 74.4 vs preliminary 73.0 (previous 72.1) One-year inflation: 2.7% vs. 2.7% initial 5-year inflation 3.1% vs 3.1% initial Final revisions are rarely a market driver, but the chart shows how different this picture is…

  • Oil survey of inventory shows huge headline crude oil draw, much greater than expected

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    Investor Empires

    Via oil price dot com on Twitter: — The predictions I saw focused on: Main crude oil -1.4 million barrels Distillates -1.1 million barrels Gasoline -0.02 million — This data point is taken from a special survey conducted by the American Petroleum Institute (API). It is a survey of oil…

  • France September flash services PMI 48.3 vs 52.5 expected

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    Investor Empires

    Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…

  • France September flash services PMI 48.3 vs 52.5 expected

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    Investor Empires

    Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…

  • Japan’s Inflation Speeds Up Ahead of Expected BOJ Rate Hold

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    Investor Empires

    Breadcrumbs Path Links PMN Business Japan’s core inflation gauge rose for a fourth straight month in August, hours before the Bank of Japan is due to conclude its latest policy meeting. Article author: Bloomberg News Yoshiaki Nohara Published on September 19, 2024 • Last updated 16 minutes ago • Read…

  • People’s Bank of China rate cuts are expected today: LPRs, repo

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    Investor Empires

    The People’s Bank of China is expected to cut its key reverse repo rate today, along with its key lending rates. The Fed’s rate cut this week is expected to pave the way for PBOC cuts. The People’s Bank of China has turned to the 7-day repo rate as the…

  • CBA shifts expected RBA rate cut timing to December 2024 (from November)

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    Investor Empires

    The Commonwealth Bank of Australia has decided to postpone the expected date of the Reserve Bank of Australia’s first interest rate cut from November 2024 to December 2024. Expect a 25 basis point cut. The recent strength in employment growth coupled with relatively hawkish rhetoric from the RBA Governor means…

  • Bank of Japan meeting this week – preview (no rate change expected)

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    Investor Empires

    The Bank of Japan is scheduled to meet on September 19-20. The announcement will be made sometime between 0230 GMT and 0330 GMT on Friday (no firm time): 2230 – 2330 EST The last speech we heard from the Bank of Japan was hawkish (well, relatively hawkish for the Bank…