China – Citic Securities say PBoC may cut RRR, buy government bonds in December to smooth liquidity fluctuations This article was written by Eamonn Sheridan at www.forexlive.com.
It’s the 25th of the month, MLF day. We’d usually have the announcement by now. Nothing so far. This article was written by Eamonn Sheridan at www.forexlive.com.
People’s Bank of China issue a one year MLF at 2% 900bn yuan added 1445bn yuan in MLF mature today …. matured on November 15 net 550bn yuan drain This article was written by Eamonn Sheridan at www.forexlive.com.
Coming up from the ECB today: 1630 GMT/1130 US Eastern time: European Central Bank Chief Economist Philip Lane gives a speech at the annual Bank of England Watchers’ Conference organised by King’s Business School 2000 GMT/1500 US Eastern time: Gabriel Makhlouf, governor of the Central Bank of Ireland and a...
The news is here from earlier: PBOC net drain 550bn via MLF. Rate unchanged at 2% The Wall Street Journal (gated) recaps the move from the Bank, pointing out: In recent months, Chinese authorities have been recasting the PBOC’s seven-day reverse repo rate as the main policy rate while letting...
The Bank of England reduced rates by 25 basis points to 4.75% on November 7. 0900 GMT/0400 US Eastern time: Bank of England Deputy Governor Clare Lombardelli gives a speech at the annual Bank of England Watchers’ Conference organised by King’s Business School 1030 GMT/0530 US Eastern time: Bank of...
The gold price has fallen away to open the week here in Asia, to lows circa USD2690. Down from a three-week high. On Friday UBS sent out a note confirming their US$2,900 target for gold by year-end 2025. Analysts cite: gold the “preferred hedge against geopolitical tensions” (UBS cite Russia’s...
Wall Street Journal (gated) with the report : In his first interview following his selection, Bessent said his policy priority will be to deliver on Trump’s various tax-cut pledges making his first-term cuts permanent eliminating taxes on tips, social-security benefits and overtime pay enacting tariffs and cutting spending will also...
Bessent said his policy priority will be to deliver on Trump’s various tax-cut pledges UBS target US$2,900 gold year-end 2025 – preferred hedge against geopolitical tensions Bank of England Dhingra and Lombardelli speaking on Monday People’s Bank of China shift to the MLF as the main policy tool – drain...
There are just a couple to take note of, as highlighted in bold. They are for EUR/USD at the 1.0440 and 1.0485 levels. The pair opened with a gap higher today amid a weaker dollar and has been sticking thereabouts since. Offers layered closer to the 1.0500 mark are still...
The initial reaction seems to be that billionaire Scott Bessent is a “markets guy”. Wall Street is reacting favourably with US futures gapping higher while bonds are also bid, dampening the dollar. So, why exactly are markets responding to Bessent in such a way? Let’s take a look. Bessent has...
And typically, that means broader markets will likely observe a more quiet and slower trading period as well. Even though Thanksgiving falls on Thursday and markets will be open again on Friday, the festive period usually sees many US businesses and offices in a holiday mood until the weekend. As...
The job is not done yet on inflation, services prices still need to come down Inflation is close to the 2% target Barring new geopolitical or political risks, a large part of the final stage in bringing inflation back to 2% target will be completed next year Monetary policy must...
German DAX futures +0.5% French CAC 40 futures +0.4% UK FTSE futures +0.1% The mood here is helped by a gap higher in US futures as well, with S&P 500 futures seen up 0.4% currently. The broader market moves to start the week are driven by Trump pick’s for Treasury...
Researchers have made a significant breakthrough by observing how light can block other light, creating a visible shadow. This remarkable phenomenon, seen for the first time in their experiments using a green laser and a ruby crystal, suggests new methods for manipulating light that could revolutionize optical technologies. Groundbreaking Discovery...
Canada’s Rover Tiny Homes takes an interesting approach to downsizing with its Cypress model. The tiny house isn’t mounted on a trailer, but what it loses in portability it gains in space, with a remarkably roomy interior that’s suitable for a family. Continue Reading Category: Tiny Houses, Lifestyle Tags: Tiny...
It was just a couple of years ago that Pierer Mobility-owned KTM celebrated 12 straight years of record growth. Now, the company is in a dire crisis that requires a halt in production and the sacking of more than 300 employees. How did it get here? Continue Reading Category: Motorcycles,...
Eight years on from the formation of the Human Cell Atlas (HCA) consortium, which set out with the hugely ambitious task of mapping the entire human body – around 37.2 trillion cells – scientists reveal that it’s nearly at its first draft stage. This week, we got more of a...
Nissan first introduced the Ariya as a new electric car and eventual replacement for the Leaf. The Leaf, long the “everyman’s EV,” was small, practical, and low-priced. The Ariya is a good replacement, though it’s neither as cheap nor as small. Continue Reading Category: Automotive, Transport Tags: Nissan, Electric Vehicles,...
Following its recent unveiling of Hora Verticale, Portugal’s OODA continues to make its mark on Tirana, Albania, with another remarkable project. Named Ndarja, it’s envisioned as a square high-rise building that has been pulled apart to create a pair of eye-catching towers. Continue Reading Category: Architecture, Lifestyle Tags: Building and...
Even if you don’t know what 3D microfluidic networks are, that doesn’t change the fact that they have some very valuable possible uses. Scientists have now devised a much easier method of making the things, by taking casts of plant roots. Continue Reading Category: Science Tags: Kyushu University, Microfluidic, Glass,...
The first direct visualization of the shape of a photon has been created. These particles of light are impossible to photograph, but physicists at the University of Birmingham have now calculated their wave function to produce an accurate image of a photon as it’s emitted. Continue Reading Category: Physics, Science...
Astronomers have clocked a cosmic collision at 3.2 million km/h (2 million mph). A new instrument has spotted a galaxy crashing through a group of others at incredible speeds, creating a shock wave that’s changing the region completely. Continue Reading Category: Space, Science Tags: Astronomy, Galaxy, Telescope, Collision
Although autonomous, uncrewed ships are now being trialled, those vessels still need human workers to moor them when they come into port. That could soon change, however, thanks to a new automated suction-based mooring system. Continue Reading Category: Marine, Transport Tags: Autonomous, Ships
I am a trader generating over 1,000% profit annually. For example, I grow $30,000 into $300,000 in a single year. If you are interested in forming a partnership, please feel free to contact me. https://www.myfxbook.com/portfolio/nkj/11044923 (Please note that I will not deposit funds with unfamili…
Bessent and ex-Fed Warsh were two front runners, Bessent has been given the nod. Bessent background, in brief: was the CIO of Soros Fund Management founder of Key Square Capital Management, a hedge fund came out for the MAGA movement after working for Soros donated to Trump’s presidential campaign, has...
NASA harnesses the power of supercomputing to advance our understanding of the universe, from redesigning launch pads for Artemis II to developing AI for climate modeling. These innovations are showcased at the International Conference for High Performance Computing, where researchers present findings on spacecraft safety, sustainable aircraft design, and space...
Photo: Sandy Morris/HBO Thanksgiving TV episodes are the best. Typically, stress levels are high, inhibitions are low (thank you, heavy pours), and unlikely characters are interacting with each other. In many shows, it’s a recipe for explosive drama. In others, it’s a heartwarming reminder of why you love spending time...
Time left Impact Previous Consensus Actual -4858 seconds -37.11%
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: This article was written by Eamonn Sheridan at www.forexlive.com.
