Economic calendar in Asia 06 February 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
GBP/USD collapses to new 4-week lows at 1.2059 after robust US economic data
The Pound Sterling opposes no resistance to upbeat economic data in the United States. US jobs data and services activity showed that the US economy remains solid despite the US Federal Reserve tightening cycle. For the next week, GBP/USD traders are eyeing the UK GDP and US Fed speakers. GBP/USD nosedives and extended its losses […]
Focus on Purchasing Managers Index and ISM as Economic Gauges
If you’ve asked yourself, “what is purchasing managers index?” or wondered how the Purchasing Managers Index (PMI) and the Institute for Supply Management (ISM) index are key economic indicators, read more. What to Take Away from the PMI and ISM Reports The PMI and ISM provide guidance on factors affecting durable goods among other inputs. […]
How Haircuts Affects The Investors and the Economic Market?
In the financial industry, a haircut is a value reduction made to an asset to determine the capital required, margin, and level of collateral. The difference between a loan’s principal and the asset’s market value will serve as collateral. This amount is given as a percentage. The lender must consider the shifting market price over […]
Economic calendar for the week 30.01.2023 – 05.02.2023
2023.01.30 2023.01.30 Economic calendar for the week 30.01.2023 – 05.02.2023 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Review of the main events of the Forex economic calendar for the next trading week (30.01.2023 – 05.02.2023) Thanks to the strengthening on Thursday and Friday, the dollar managed to end the week in positive territory with its DXY index demonstrating a modest […]
Weekend: China to extend 3 lending tools for further targeted economic support
Sunday statement from the People’s Bank of China. China’s central bank says it’ll be rolling over three lending tools to extend sup[port measures for targeted sectors. a lending tool for supporting carbon emission reduction to the end of 2024 extend a relending tool for promoting the clean use of coal to the end of 2023 […]
PCE report highlights Friday’s US economic calendar
Core PCE data y/y Inflation and the consumer are the focus of the Fed and the market at the moment and we get a dose of both in Friday’s US PCE report for December. The consensus is for core PCE inflation to slide to 4.4% y/y from 4.7% in what will be a good sign […]
Economic calendar in Asia 24 January 2023 – note China, Singapore & Hong Kong mkt holidays
There are plenty of market holidays across Asia all this week, the full list is here: On the data agenda we’ll get PMIs: for services in New Zealand for December preliminary indications from Australia for January preliminary indications from Japan for January Of most focus will be the business confidence and conditions data from Australia. […]
Economic calendar for the week 23.01.2023 – 29.01.2023
2023.01.23 2023.01.23 Economic calendar for the week 23.01.2023 – 29.01.2023 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Review of the main events of the Forex economic calendar for the next trading week (23.01.2023 – 29.01.2023) Thanks to Friday’s momentum, the dollar ended the week in positive territory with the DXY index up about 0.4%. Interestingly, the dollar strengthened at the […]
Economic calendar in Asia – Bank of Japan December meeting minutes
The December Bank of Japan policy meeting was a doozy. The Bank widened its YCC tolerance band after weeks and months of saying they’d do nothing of the sort. Link to the statement, impact, and reverberations through markets that day: We’ll learn more from the publishing of the minutes of that meeting. These are due […]