- BOJ Gov Kuroda says the Bank's paper loss from bond holdings was 8.8tln yen at end-2022
- Deutsche Bank on the Bank of England rate hike Thursday - overwhelming message was dovish
- RBA meet on February 7 - preview - 25bp rate hike cemented in, then another in Match
- China Caixin Services PMI for January 52.9 (vs. 51.6 expected)
- PBOC sets USD/ CNY reference rate for today at 6.7382 (vs. estimate at 6.7389)
- Australian housing finance data for December 2022, lower across the board
- Japan final January services PMI 52.3, a 3 month high (prior 51.1)
- RBA meet February 7 - preview. Poll finds 30 of 31 analysts expect a 25bp rate hike.
- BoA are wary of a Federal Open Market Committee (FOMC) pause after a March hike
- CFTC's weekly Commitments of Traders report will be delayed this week due to broker attack
- A contender to be the new BOJ Gov has taken a different job (tight job market out there!)
- Goldman Sachs expect Federal Open Market Committee (FOMC) 25bp rate hikes in March and May
- Forexlive Americas FX news wrap: Bank of England and ECB raise rates by 50 basis points
- Australian January Services PMI (final) 48.6
- Trade ideas thread - Friday, 3 February 2023
The USD mainly held its ground during the session, EUR/USD, AUD/USD, GBP/USD all a little heavy while USD/CHF and USD/CAD are higher. Yen, of course, is in its own world, USD/JPY is down a few points net for the day.
There was little in the way of pertinent news, although the Chinese spy balloon over continental USA is a geo-political factor. It’ll be a bone of contention in this weekend's meeting, US Secretary of State Blinken is heading off to China to meet with Chinese President Xi.
The data focus was on another Chinese PMI, the Caixin/S&P Global Services PMI, final for January. It came in at an expansionary reading, its first in five months. Chinese data ahead should continue to be positive due to reopening and government stimulus. Chinese stock markets, both mainland and in Hong Kong slumped today.
Asian equity markets:
Japan’s Nikkei 225 +0.35%
China’s Shanghai Composite -1.37%
Hong Kong’s Hang Seng -1.77%
South Korea’s KOSPI +0.41%
Australia’s S&P/ASX 200 +0.5%
China's spy balloon
