SYMBOL CHANGE
NZD +0.23%
CHF +0.06%
JPY -0.02%
EUR -0.02%
CAD -0.03%
GBP -0.04%
AUD -0.05%
USD -0.14%
*Updated 10:00 am GMT+2
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Dj news: "Japanese shares may open higher amid signs of stabilization in U.S. stock futures in early morning Asian trading following Wall Street's losses overnight" .....
MKT BULLISH
Forex live: European Central Bank board member and Bank of Portugal Governor Mario Centeno spoke at a conference in Lisbon on Monday.
Asked whether he thinks the ECB should raise interest rates by less than 75 basis points, Centeno said: "I don't like to talk about increases before (meetings)...(but) I think there are many conditions for the rates increase to be less than that number"..... EUR bearish
Tradingeconomics: "UK Budget Gap Below Forecasts.
Public sector net borrowing excluding public sector banks in the UK was £13.5 billion in October of 2022, £4.4 billion more than in October 2021 and the fourth highest October borrowing since monthly records began in 1993. However, figures came below market forecasts of a £22 billion deficit." ..... GBP Bearish
TE: "Japanese Shares Climb in Broad Rally.
The Nikkei 225 Index climbed 0.61% to 28,116 while the broader Topix Index added 1.12% to 1,995 on Tuesday, extending gains from the previous session, with nearly all sectors finishing in positive territory. Still, investors remain cautious ahead of US Federal Reserve meeting minutes that could offer clues on the trajectory of US rate hikes, while monitoring the Covid situation in China." ..... MKT Bullish
TE: "NZ Dollar Firms Up Ahead of RBNZ Decision.
The New Zealand dollar firmed up above $0.61 on Tuesday, holding its ground ahead of the Reserve Bank of New Zealand’s policy decision, where it is expected to deliver an unprecedented 75 basis point rate hike to get inflation under control." ..... NZD Bullish
TE: "Dollar Eases as Fed Outlook Mulled.
The dollar index fell to around 107.5 on Tuesday, giving back some gains from the previous session as investors cautiously awaited the latest Federal Reserve meeting minutes that could guide the outlook for US rates. Traders also parsed through various remarks from Fed officials who have largely maintained a strong commitment to bring down inflation. In the latest commentary, San Francisco Fed President Mary Daly warned against overtightening, while Cleveland Fed President Loretta Mester said she wants to see inflation come down sustainably before supporting a pause." ..... USD Bearish
TE: "New Zealand Trade Deficit Widens in October.
New Zealand recorded a trade deficit of 21.29 NZD billion in October of 2022 versus 16.15 billion in the previous month." ..... NZD Bearish
Reuters: "Fed's Mester (2022 voter) said it makes sense to slow down a bit the pace of rate hikes and that they can now be very deliberate in setting policy, while she noted the Fed needs to be more judicious in balancing risks but added the Fed is not anywhere near to stopping rate hikes. Furthermore, Mester thinks they can slow down from 75bps at the December meeting and said that going forward, they need to let the economy tell them the pace of rate hikes" ..... USD Bearish
FT: "ECB's Holzmann said he supports a 75bps hike in December and noted there are no signs that price pressures are easing" ..... EUR Bullish
Bloomberg: "ECB's Centeno sees conditions for rate hikes to be less than 75bps in December and said they "really have to reverse" the trend of rising inflation to have greater visibility on monetary policy" ..... EUR Bearish
Bloomberg: "Saudi officials denied reports of talks regarding increasing OPEC+ oil output and said the current cut of 2mln BPD is to continue until the end of 2023" ..... Oil Bullish
DJ news: "The latest eurozone current account data on Tuesday showed some early signs of rebalancing and this should support the euro, HSBC says" ..... EUR Bullish
DJ news: "The dollar falls after more cautious comments from Federal Reserve officials Loretta Mester and Mary Daly about the outlook for interest rates, MUFG Bank says. The release of the latest Fed meeting minutes on Wednesday will be the next key test for the dollar as it will provide insight into the central bank's policy thinking ahead of its next meeting on Dec. 14, MUFG currency analyst Lee Hardman says in a note. "The U.S. rate market is currently confident that the Fed will slow the pace of hikes by delivering a 50 basis points [rate rise] in December and then for rates to peak at around 5.00% next year." ..... USD Bearish