Recruitment & Employment Confederation's survey
- business confidence +21 to a net reading of +11
- highest level since July 2016
"This surge in employers' confidence in the UK economy is remarkable," Neil Carberry, REC chief executive, said.
Forexlive Latest News
Wed 23 Jun 2021 01:41:02 GMT
Australian preliminary trade data for May, exports up 11% m/m
0
The trade surplus hit a record high at A$13.3 billion
• Exports of goods in May 2021 increased $3,794m (11%) to $39,208m• Imports of goods in May 2021 increased $146m (1%) to $25,892m
Wed 23 Jun 2021 01:37:43 GMT
Bitcoin adding on some gains, highs hit above $34K
0
BTC/USD is now up over $5,000 from its Tuesday US time lows.
Wed 23 Jun 2021 01:28:55 GMT
Coronavirus - Taiwan set to extend its lockdown through to July 12
0
Taiwan's shut down is 'soft', not as harsh as elsewhere.
Local media (TVBS, a Taiwanese commercial television broadcaster reports plans are afoot to extend to July 12.
Wed 23 Jun 2021 01:15:19 GMT
PBOC sets USD/ CNY mid-point today at 6.4621 (vs. yesterday at 6.4613)
0
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.
PBOC
injects 10 billion yuan liquidity via 7-day reverse repo
Wed 23 Jun 2021 01:05:58 GMT
Australia's largest city of Sydney seeing accelerated new COVID-19 cases - further restrictions incoming
0
+13 since 8pm last night, a significant jump (for Sydney). This 13 will, officially, be included in the numbers tomorrow.
This will prompt further tightening in restricitons.
Wed 23 Jun 2021 00:52:02 GMT
AUD traders heads up for an RBA speaker soon and why it will likely be significant
0
At
0315 GMT the Reserve Bank of Australia's Luci Ellis, Assistant Governor (Economic) will be speaking.
I don't have a topic as yet for this speech. Ellis heads the economics team at the RBA so its very likely she will have something to say on the labour market, and do note she is the first speaker we have had from the RBA since last week's white-hot jobs report:
Wed 23 Jun 2021 00:30:48 GMT
Japan preliminary PMI (June): Manufacturing 51.5 (prior 53.0) & Services 47.2 (prior 46.5)
0
Japan Jibun Bank / Markit preliminary PMIs for June
Services inching higher and still showing contraction at 47.2
Wed 23 Jun 2021 00:25:30 GMT
China financial press says China should be alert to the risks of a falling yuan
0
China Securities Journal with the piece, a note on China should be alert to risks regarding yuan depreciation.
Yuan has fallen in the past week or two (chart below is offshore yuan, CNH ... a rising USD/CNH is a depreciating CNH) but its difficult to think this has Chinese authorities too concerned, its barely retraced some of its 2020 gains. Still, maybe its a signal the recent fall will not be allowed to accelerate.
Tue 22 Jun 2021 23:57:59 GMT
BOJ minutes - inflation pick up likely to lack strength
0
Bank of Japan April meeting minutes,
full text is here
Yen is not bothered, barely moving. As I said earlier, the minutes are preceded by the 'Summary of Opinions' by many weeks.
Tue 22 Jun 2021 23:41:14 GMT
CBA now forecasting the RBA to hike rates from November 2022
0
Commonwealth Bank of Australia shifting their projected hike schedule forward alongside other major Australian banks that have already done so.
Says the Reserve Bank of Australia to hike beginning in November 2022. CBA citing (bolding mine):
Tue 22 Jun 2021 23:32:52 GMT
1
Japan is considering tighter regulation of foreign interests in tech, defence firms
1
Japan media, Yomiuri, with the report (via Reuters).
I wonder if this is aimed at China specifically?
Tue 22 Jun 2021 23:10:58 GMT
Bank of England monetary policy meeting Thursday 24 June 2021 - preview
0
Earlier previews of the June BoE meeting can be found here:
Adding in this from UBS now (in brief from a longer note):
BoE Gov Bailey:
Tue 22 Jun 2021 23:00:37 GMT
Australia Markit preliminary PMI (June) Manufacturing 58.4 (prior 60.4) & Services 56.0 (prior 58.0)
0
Australian data - the Markit preliminary PMIs for June 2021
Manufacturing 58.4Services 56.0Composite 56.1 Solidly in expansion for all these.
Markit commentary:
Tue 22 Jun 2021 22:24:15 GMT
Oil - OPEC+ meeting next week - murmurs of an increase in supply (from August)
0
The Organization of the Petroleum Exporting Countries and allies (aka OPEC+ ... the long story short is the important players are Saudi Arabia from OPEC and Russia from "+") next meet on July 1.
The cartel and its pals have begun to return more oil to the market (2.1m barrels brought back in from May to July) and mutterings are about already that next week will bring a further ease back in supply restrictions.
Tue 22 Jun 2021 21:43:20 GMT
1
Semiconductor shortage is getting worse - new record high wait time for chips
1
:
Via a Bloomberg report on Tuesday US time, citing
Chip lead times, the gap between ordering a semiconductor and taking delivery
The generally accepted recipe for inflation (there are others) is:
Tue 22 Jun 2021 21:23:19 GMT
6
White House says Powell's testimony shows Biden's economic plan is working
6
A statement from the White House:
Wow.
Initial thought: "Well, they would say that, wouldn't they?"
Thought 2: "Maybe the WH won't comment on Fed policy, but economic Headkicker in Chief, US Treasury Sec. Janet Yellen, certainly will if need be."
Tue 22 Jun 2021 20:56:46 GMT
5
Trade ideas thread - Wednesday 23 June 2021
5
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
Tue 22 Jun 2021 20:45:26 GMT
9
Fed's Daly says the Fed is not even talking about rate hikes. So, the Fed is talking about rate hikes?
9
Mary Daly is head of the San Francisco Federal Reserve branch, she spoke on Tuesday US time, main points here:
This one stuck out to me:
I'm old enough to remember when a taper discussion wasn't even on the table, and yet here we are. Tee hee. Its clenched bum time around the FOMC table right now, awaiting evidence for their prior that inflation is temporary ... and if that evidence does not arrive hold on for the "its time to talk about talking about a rate hike" news cycle.
Tue 22 Jun 2021 20:36:31 GMT
1
ICYMI - PayPal and Visa have invested US$300m into Blockchain Capital's fundraising
1
Blockchain Capital is a venture capital firm that focuses on ... have a guess ... blockchain (and cryptocurrency).
Paypal statement:
Visa says
More support for the increasing institutional interest in blockchain technology.
Tue 22 Jun 2021 20:32:58 GMT
Private oil survey data shows large draw in headline crude oil inventory
0
And a build for gas and distillate products.
The inventory data from the private survey is out now, official data follows Wed. morning (US time)
The numbers via Twitter:
Tue 22 Jun 2021 20:08:12 GMT
ForexLive Americas FX news wrap: Crypto goes on a wild ride
0
Forex news for North America trading on June 22, 2021:
Markets:
- WTI crude oil down 24-cents t o$72.88
- US 10-year yields down 2.0 bps to 1.468%
- Gold down $6 to $1770
The FX market was lively today as the dollar continues to give back gains, particularly against the commodity currencies but it was crypto that stole the show.
Tue 22 Jun 2021 20:07:15 GMT
NASDAQ index closes at a record high
View More
NASDAQ index closes at a record high
0
Major indices higher. S&P falls short of it record high
The S&P index got to within two points of its all-time record high at 4257.11. The high price reached 4255.84.
Tue 22 Jun 2021 20:02:49 GMT
Here is what’s on the economic calendar in Asia today - PMIs kick off & an RBA speaker
0
Preliminary PMIs on the data agenda for the session today, Wednesday 23 June 2021
2350 GMT minutes of the April Bank of Japan meeting.
2300 GMT Australia Markit
preliminary PMIs for June
Tue 22 Jun 2021 19:39:23 GMT
1
US stocks moving toward highs as the day works toward the close
1
NASDAQ index on track for a record close. S&P index looks to test its all-time high
As the the stock trading day works toward the close, the NASDAQ index is trading at a new all-time high at 14269.77. That took out the previous all-time high price at 14211.57
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PBOC sets USD/ CNY mid-point today at 6.4621 (vs. yesterday at 6.4613)
-
AUD traders heads up for an RBA speaker soon and why it will likely be significant
-
China financial press says China should be alert to the risks of a falling yuan
-
BOJ minutes - inflation pick up likely to lack strength
-
CBA now forecasting the RBA to hike rates from November 2022
