- Japan Prime Minister Kishida considering dissolving lower house of parliament
- China cut the retail prices of gasoline and diesel from Wednesday, the 6th cut this year
- Morgan Stanley warns on other markets downside risk from China property sector instability
- JP Morgan are expecting an on hold FOMC decision that could end the hiking cycle
- PBOC sets USD/ CNY mid-point today at 7. 1566 (vs. estimate at 7.1550)
- Here's a forecast for a rate hike from the Federal Open Market Committee (FOMC) today
- CME FedWatch Tool shows a (nearly) two-thirds chance of an FOMC July rate hike
- New Zealand FPI (May) +0.3% m/m (expected +0.3%)
- BNP Paribas Federal Open Market Committee (FOMC) preview - why there'll be a hike in July
- Australian weekly consumer confidence survey 72.7 (prior 77.7)
- Bank of Japan meeting concludes Friday - preview
- Data on Tuesday showed US inflation kept slowing, should reinforce FOMC on hold decision
- New Zealand data, Q1 Current Account deficit
- Nomura says Japan has "now-persistent and above-trend growth and inflation"
- European Central Bank to hike 25bps this week & in July. EUR/USD year-end forecast 1.14.
- Forexlive Americas FX news wrap 13 Jun: US CPI comes tumbles to 4% in May
- 2 responses to the US CPI from Goldman Sachs - FOMC pause in June
- Barclays' oil outlook is for non-OPEC+ supply to slow significantly in the months ahead
- Private oil survey data shows headline crude oil build vs draw expected
- The close: The value trade leads the way as US stocks hit new highs
- ICYMI - People's Bank of China rate cut overnight (that's two rate cuts in one day)
- Trade ideas thread - Wednesday, 14 June 2023
It was a very light day for news and data ahead of the Federal Reserve decision due later today.
After People’s Bank of China rate cuts to two policy instruments yesterday gasoline and diesel prices were cut today. More on all of these stimulus moves in the points above.
Major FX rates were tightly rangebound ahead of the Fed. The offshore yuan was weak, with USD/CNH holding above 7.17 for much of the session.
Asian equity markets:
Japan’s Nikkei 225 +0.9%
China’s Shanghai Composite +0.1%
Hong Kong’s Hang Seng -0.2%
South Korea’s KOSPI -0.2%
Australia’s S&P/ASX 200 +0.3%
