- BOJ Gov Kuroda clarifies timing on when he expect the Japanese CPI to begin to slow
- BoJ Governor Kuroda says further cutting the negative rate is among policy options if need
- Fed speakers for Thursday, 10 November 2022: Waller, Harker, Logan, Daly, George, Williams
- Crypto markets face weeks of deleveraging in FTX fallout, could push Bitcoin to $13,000
- More from RBA dep gov Bullock – rates may need to rise further, getting closer to a pause
- More again from Fed’s Kashkari – I don’t know what we’ll do in the December meeting
- More from Fed’s Kashkari: Any talk of policy pivot is entirely premature
- Russian President Putin will not attend the G20 meeting in Indonesia (another retreat!)
- More from BOJ Gov. Kuroda – not at stage where we can debate an exit from easy policy
- RBA’s Bullock and Kent Q&A in parliament
- PBOC sets USD/ CNY reference rate for today at 7.2422 (vs. estimate at 7.2456)
- Fed’s Kashkari says inflation is not being driven by wages
- BOJ Gov. Kuroda says Japanese CPI is likely to fall back under 2% next fiscal year
- Société Generale flag 1.0190 resistance for EUR/USD (& further support, resistance levels)
- US Senator Warren says that stricter enforcement is needed in the crypto space
- Australian data – November Consumer Inflation Expectations 6.0% (prior 5.4%)
- Australian state switches COVID alert from green to amber – new coronavirus wave
- Canadian real estate lender Romspen has halted payouts on its largest fund
- China’s deepening property crisis endangering up to $1.6 tln in government debt due
- US CPI report coming up on Thursday – “likely to be another hot one”. Preview.
- Apple’s Taiwanese chip maker, TSMC, is building a second US plant
- Biden says can’t guarantee we are able to get rid of inflation, but thinks we can
- Forexlive Americas FX news wrap: Binance walks away from FTX deal
- Goldman Sachs stay bearish GBP, further downside ahead vs. EUR and USD
- Trade ideas thread – Thursday, 10 November 2022
Main
foreign exchange charges traded in pretty subdued ranges forward of the US information for October
CPI due later Thursday. GBP was an exception, it traded steadily larger, gaining 50+ factors with little in the best way of stories crossing. USD/JPY dribbled 40 or so factors down from its early excessive.
Information
and information circulate was very gentle.
In
the crypto house, chief Bitcoin confirmed a little bit of a (lifeless
cat?) bounce
from lows below USD16K. Information
crossed that Sequoia Capital had written down its FTX funding to
zero {dollars}. The agency mentioned its loss was round USD150mn however that is
greater than offset by the fund holding the stake within the trade
sitting on circa USD7.5bn in realized and unrealized features.
We
had divergent central bankers talking at the moment. Minneapolis Federal
Reserve Financial institution President Neel Kashkari was hawkish saying its far too
early for any pivot. Then again Financial institution of Japan Governor Kuroda
was his normal dovish self, saying free
coverage would stay in place, and could possibly be eased additional if wanted
given he anticipated
Japanese inflation to fall again below 2% within the nation’s subsequent fiscal
yr. Japan’s fiscal yr
begins on April 1. I
hope he’s not made to look silly.
