Stats Bureau spokesman getting his moment in the spotlight with the release of the 'activity data' earlier.

Comments now:
  • economic operations showed positive changes in November 
  • China's economy remains resilient but faces rising external uncertainties
  • China able to achieve full-year growth target
  • Phase one trade deal helps to improve market expectations
  •  China and US should continue trade talks towards removing tariffs


Headlines via Reuters,



ForexLive

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Mon 16 Dec 2019 02:26:33 GMT

GBP is showing a decent gain for the opening session of the forex week

From earlier levels () cable is up around 1.3380 as I update here - there is no fresh news about for it. The recent development of note is the election result - a majority Conservative government that will make progress toward Brexit much smoother than it has been. If you missed the election …. ummmm. where ya been?

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GBP is showing a decent gain for the opening session of the forex week


Eamonn Sheridan
Mon 16 Dec 2019 02:26:33 GMT
Category: News
0


From earlier levels () cable is up around 1.3380 as I update here - there is no fresh news about for it. The recent development of note is the election result - a majority Conservative government that will make progress toward Brexit much smoother than it has been. If you missed the election …. ummmm. where ya been?

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How to make FX trading work for you part 1
Asset 41
Mon 16 Dec 2019 02:00:47 GMT

China November Industrial Production 6.2% y/y (vs. expected 5.0%)

Trade dispute impacts and sifter domestic demand had been weighing on IP, but a solid beat in these figures.  November Industrial Production 6.2% y/y 

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China November Industrial Production 6.2% y/y (vs. expected 5.0%)


Eamonn Sheridan
Mon 16 Dec 2019 02:00:47 GMT
Category: News
0
Trade dispute impacts and sifter domestic demand had been weighing on IP, but a solid beat in these figures.  November Industrial Production 6.2% y/y 

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Mon 16 Dec 2019 02:00:32 GMT

China November Retail Sales 8.0% y/y (vs. expected 7.6%)

Activity data from China for Nov. includes retail sales results: 8.0% y/y for a good sized beat -  expected 7.6%, prior was 7.2% Retail Sales YTD 8.0% y/y

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China November Retail Sales 8.0% y/y (vs. expected 7.6%)


Eamonn Sheridan
Mon 16 Dec 2019 02:00:32 GMT
Category: News
0
Activity data from China for Nov. includes retail sales results: 8.0% y/y for a good sized beat -  expected 7.6%, prior was 7.2% Retail Sales YTD 8.0% y/y

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Mon 16 Dec 2019 02:00:12 GMT

China Fixed Assets investment (excluding rural) YTD 5.2% y/y (expected 5.2%)

The other activity data for the month, for industrial production and retail sales, are on separate posts.  Private sector fixed-asset investment +4.5% in the Jan - Nov period (11 months)

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China Fixed Assets investment (excluding rural) YTD 5.2% y/y (expected 5.2%)


Eamonn Sheridan
Mon 16 Dec 2019 02:00:12 GMT
Category: News
0
The other activity data for the month, for industrial production and retail sales, are on separate posts.  Private sector fixed-asset investment +4.5% in the Jan - Nov period (11 months)

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Mon 16 Dec 2019 01:59:06 GMT

More on China to lower its GDP target band next year

Last week came the hints that the growth target next year will be around 6% (from 6 to 6.5% for this year). Further hints today, with news wires citing unnmaed sources:

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More on China to lower its GDP target band next year


Eamonn Sheridan
Mon 16 Dec 2019 01:59:06 GMT
Category: News
0
Last week came the hints that the growth target next year will be around 6% (from 6 to 6.5% for this year). Further hints today, with news wires citing unnmaed sources:

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Mon 16 Dec 2019 01:49:45 GMT

PBOC injects 300 bn yuan via 1 year MLF loans

A People's Bank of China Medium term Lending Facility injection of funds - 300 bn yuan -  1 year maturity - 3.25% (was 3.25% previously) There is a 286 bn yuan maturity today so the net injection is 14 bn yuan

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PBOC injects 300 bn yuan via 1 year MLF loans


Eamonn Sheridan
Mon 16 Dec 2019 01:49:45 GMT
Category: Central Banks
0
A People's Bank of China Medium term Lending Facility injection of funds - 300 bn yuan -  1 year maturity - 3.25% (was 3.25% previously) There is a 286 bn yuan maturity today so the net injection is 14 bn yuan

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Mon 16 Dec 2019 01:30:53 GMT

China house prices for November - new home prices +7.1% y/y (prior +7.8%)

Activity data is due at 0200GMT - see below for expected and priors For this data release - All China new house prices for November +7.1% y/y  - prior +7.8% Up 0.3% m/m

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China house prices for November - new home prices +7.1% y/y (prior +7.8%)


Eamonn Sheridan
Mon 16 Dec 2019 01:30:53 GMT
Category: News
0
Activity data is due at 0200GMT - see below for expected and priors For this data release - All China new house prices for November +7.1% y/y  - prior +7.8% Up 0.3% m/m

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Mon 16 Dec 2019 01:15:51 GMT

PBOC sets USD/ CNY reference rate for today at 6.9915 (vs. yesterday at 7.0156)

People's Bank of China taking the mid rate under the 7 big figure - strongest setting for CNY since early August. No open market operations conducted as yet - may well be hinting at some other operation to come today.

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PBOC sets USD/ CNY reference rate for today at 6.9915 (vs. yesterday at 7.0156)


Eamonn Sheridan
Mon 16 Dec 2019 01:15:51 GMT
Category: Central Banks
0
People's Bank of China taking the mid rate under the 7 big figure - strongest setting for CNY since early August. No open market operations conducted as yet - may well be hinting at some other operation to come today.

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Mon 16 Dec 2019 01:14:18 GMT

FX option expiries for Monday December 16 at the 10am NY cut

EUR/USD has some rather large expiries at the outer ends of the ranges below  USD/JPY  GBP/USD  AUD/USD  USD/CAD  NZD/USD  EUR/GBP

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FX option expiries for Monday December 16 at the 10am NY cut


Eamonn Sheridan
Mon 16 Dec 2019 01:14:18 GMT
Category: Forex Orders
0
EUR/USD has some rather large expiries at the outer ends of the ranges below  USD/JPY  GBP/USD  AUD/USD  USD/CAD  NZD/USD  EUR/GBP

Asset 24 View More
Mon 16 Dec 2019 00:41:51 GMT

Japan preliminary PMIs for December - manufacturing down on the month (services up)

Flash PMIs for the month - Manufacturing 48.8 vs. prior 48.9 (December is the 8th consecutive month in contraction) - Services 50.6 vs. prior 50.3 - Composite 49.8 prior 49.8

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Japan preliminary PMIs for December - manufacturing down on the month (services up)


Eamonn Sheridan
Mon 16 Dec 2019 00:41:51 GMT
Category: News
0
Flash PMIs for the month - Manufacturing 48.8 vs. prior 48.9 (December is the 8th consecutive month in contraction) - Services 50.6 vs. prior 50.3 - Composite 49.8 prior 49.8

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Mon 16 Dec 2019 00:25:35 GMT

Australian finance minister says there is no need for more fiscal stimulus

Fin min Cormann speaking, rejecting the need for the government to do more on the fiscal front. - says the Australian economy is being impacted by global slow down

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Australian finance minister says there is no need for more fiscal stimulus


Eamonn Sheridan
Mon 16 Dec 2019 00:25:35 GMT
Category: News
0
Fin min Cormann speaking, rejecting the need for the government to do more on the fiscal front. - says the Australian economy is being impacted by global slow down

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Sun 15 Dec 2019 23:55:10 GMT

BOJ Tankan follow-up out now - firms' inflation expectations down slightly

Japanese firms expect consumer prices to rise an annual 1.0% 3 years from now vs +1.0% in the previous survey - expect consumer prices to rise 0.8% a year from now vs +0.9% in the prior survey Only that one minor fall in expectations. Given the Japanese government announced an extra fiscal stimulus package last week (circa 120bn USD worth) the BOJ meeting this week appears likely to result in no change to monetary policy. 

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BOJ Tankan follow-up out now - firms' inflation expectations down slightly


Eamonn Sheridan
Sun 15 Dec 2019 23:55:10 GMT
Category: Central Banks
0
Japanese firms expect consumer prices to rise an annual 1.0% 3 years from now vs +1.0% in the previous survey - expect consumer prices to rise 0.8% a year from now vs +0.9% in the prior survey Only that one minor fall in expectations. Given the Japanese government announced an extra fiscal stimulus package last week (circa 120bn USD worth) the BOJ meeting this week appears likely to result in no change to monetary policy. 

Asset 24 View More
Sun 15 Dec 2019 23:48:05 GMT

2

US Trade Representative Lighthizer spoke over the weekend - trade deal 'totally done'

Lighthizer spoke with media on Sunday, extolling the virtues of the hard-won trade deal. He said his "phase one" deal will nearly double US exports to China over the next two years. He did flag some caution though:

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US Trade Representative Lighthizer spoke over the weekend - trade deal 'totally done'


Eamonn Sheridan
Sun 15 Dec 2019 23:48:05 GMT
Category: News
2
Lighthizer spoke with media on Sunday, extolling the virtues of the hard-won trade deal. He said his "phase one" deal will nearly double US exports to China over the next two years. He did flag some caution though:

Asset 24 View More
Sun 15 Dec 2019 23:12:56 GMT

1

Another GDP forecast downgrade - now from New Zealand

Via , the new Zealand  Institute of Economic Research, their latest survey of economists. NZIER - Consensus Forecasts, December 2019 GDP growth outlook revised down slightly 

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Another GDP forecast downgrade - now from New Zealand


Eamonn Sheridan
Sun 15 Dec 2019 23:12:56 GMT
Category: News
1
Via , the new Zealand  Institute of Economic Research, their latest survey of economists. NZIER - Consensus Forecasts, December 2019 GDP growth outlook revised down slightly 

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Sun 15 Dec 2019 23:05:46 GMT

2

Boeing is consider cutting production of 737 Max even further. Perhaps a complete halt.

has the report of the company pondering an announcement as soon as Monday. CNBC Wall Street Journal with the initial . report Statement from the business:

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Boeing is consider cutting production of 737 Max even further. Perhaps a complete halt.


https://az705044.vo.msecnd.net/20190318/boeing-737-max.png Eamonn Sheridan
Sun 15 Dec 2019 23:05:46 GMT
Category: News
2
has the report of the company pondering an announcement as soon as Monday. CNBC Wall Street Journal with the initial . report Statement from the business:

Asset 24 View More
Sun 15 Dec 2019 22:34:14 GMT

Australia MYEFO out now - cuts GDP forecast

MYEFO ( Treasury's revised forecast for 2019/20 economic growth is 2.25% - compares with the 2.75% forecast in the April budget - For 2020-21 remains at 2.75% Wage growth forecast for 2019/20 is 2.5%

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Australia MYEFO out now - cuts GDP forecast


Eamonn Sheridan
Sun 15 Dec 2019 22:34:14 GMT
Category: News
0
MYEFO ( Treasury's revised forecast for 2019/20 economic growth is 2.25% - compares with the 2.75% forecast in the April budget - For 2020-21 remains at 2.75% Wage growth forecast for 2019/20 is 2.5%

Asset 24 View More
Sun 15 Dec 2019 22:17:00 GMT

More on China cutting tariffs on some US goods

Over the weekend that has said it'll suspend additional tariffs on some US goods. news The announcement was from the Customs Tariff Commission of State Council on Sunday as a response to the phase one trade deal.

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More on China cutting tariffs on some US goods


Eamonn Sheridan
Sun 15 Dec 2019 22:17:00 GMT
Category: News
0
Over the weekend that has said it'll suspend additional tariffs on some US goods. news The announcement was from the Customs Tariff Commission of State Council on Sunday as a response to the phase one trade deal.

Asset 24 View More
Sun 15 Dec 2019 22:03:58 GMT

Australia CBA / Markit preliminary PMIs for December are all down on the previous month

The final's for these will follow in a couple of weeks, but the flash readings are not looking promising.  - Manufacturing has come in at 49.4 in December, from the prior 49.9 From the report, the 'key finding':

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Australia CBA / Markit preliminary PMIs for December are all down on the previous month


Eamonn Sheridan
Sun 15 Dec 2019 22:03:58 GMT
Category: News
0
The final's for these will follow in a couple of weeks, but the flash readings are not looking promising.  - Manufacturing has come in at 49.4 in December, from the prior 49.9 From the report, the 'key finding':

Asset 24 View More
Sun 15 Dec 2019 21:48:14 GMT

13

Trade ideas thread - Monday 16 December 2019

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:

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Trade ideas thread - Monday 16 December 2019


Eamonn Sheridan
Sun 15 Dec 2019 21:48:14 GMT
Category: News
13
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:

Asset 24 View More
Sun 15 Dec 2019 21:41:52 GMT

Westpac on the RBNZ - expect on hold in H1 2020

A view on the Reserve Bank of New Zealand from WPAC - See a cut in August of 2020 (of 25bps) but on hold in the first half of next year Westpac had previously been forecasting the RBNZ to cut in H1 next year, now say a Feb. cut is looking unlikely.

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Westpac on the RBNZ - expect on hold in H1 2020


Eamonn Sheridan
Sun 15 Dec 2019 21:41:52 GMT
Category: Central Banks
0
A view on the Reserve Bank of New Zealand from WPAC - See a cut in August of 2020 (of 25bps) but on hold in the first half of next year Westpac had previously been forecasting the RBNZ to cut in H1 next year, now say a Feb. cut is looking unlikely.

Asset 24 View More
Sun 15 Dec 2019 21:32:14 GMT

New Zealand services PMI for November: 53.3 (prior 55.4)

This is the BusinessNZ Performance of Services Index, it does not tend to be a kiwi $ mover upon release.  ForexLive

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New Zealand services PMI for November: 53.3 (prior 55.4)


Eamonn Sheridan
Sun 15 Dec 2019 21:32:14 GMT
Category: News
0
This is the BusinessNZ Performance of Services Index, it does not tend to be a kiwi $ mover upon release.  ForexLive

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Sun 15 Dec 2019 21:30:07 GMT

5

Turkey - Erdogan threatens to shut down American Incirlik Airbase

President Erdogan has said he will shut down the Incirlik Airbase (where US military stores nuclear weapons) if sanctions are placed on Turkey Not hitting the major wires yet - sources are Arab media

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Turkey - Erdogan threatens to shut down American Incirlik Airbase


Eamonn Sheridan
Sun 15 Dec 2019 21:30:07 GMT
Category: News
5
President Erdogan has said he will shut down the Incirlik Airbase (where US military stores nuclear weapons) if sanctions are placed on Turkey Not hitting the major wires yet - sources are Arab media

Asset 24 View More
Sun 15 Dec 2019 21:10:55 GMT

Here is what’s on the economic calendar in Asia today - China activity data the focus

2130 GMT New Zealand services PMI for November 2200 GMT Australia CBA / Markit preliminary PMIs for December - Manufacturing prior 49.9 - Services prior 49.7 0001 GMT UK data - Rightmove house prices for December

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Here is what’s on the economic calendar in Asia today - China activity data the focus


Eamonn Sheridan
Sun 15 Dec 2019 21:10:55 GMT
Category: News
0
2130 GMT New Zealand services PMI for November 2200 GMT Australia CBA / Markit preliminary PMIs for December - Manufacturing prior 49.9 - Services prior 49.7 0001 GMT UK data - Rightmove house prices for December

Asset 24 View More
Sun 15 Dec 2019 20:35:19 GMT

Brexit - Japan wants an instant & complete removal of auto tariffs in trade deal with the UK

The Japanese press (Nikkei) with the piece, 'instnat' in the case referring to 2021. Yes, really. Japan and the UK are speaking on trade, targeting targeting a new agreement beginning Jan 2021.

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Brexit - Japan wants an instant & complete removal of auto tariffs in trade deal with the UK


https://az705044.vo.msecnd.net/20191215/johnson-abe.png Eamonn Sheridan
Sun 15 Dec 2019 20:35:19 GMT
Category: News
0
The Japanese press (Nikkei) with the piece, 'instnat' in the case referring to 2021. Yes, really. Japan and the UK are speaking on trade, targeting targeting a new agreement beginning Jan 2021.

Asset 24 View More

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