- Australia's new strategic materials list: unlocking $40bn in government support
- Bank of Japan statement is due Tuesday - preview
- Reserve Bank of Australia December minutes due Tuesday - Q4 inflation data the key though
- A car collided with US President Biden's motorcade - no injuries
- Policy insights speeches today from ECB board members Schnabel and Lane
- Record-breaking freeze grips China as government prepares emergency response
- PBOC sets USD/ CNY reference rate for today at 7.0933 (vs. estimate at 7.1135)
- Oil Price Forecasts for 2024: Goldman Sachs, JPMorgan, Morgan Stanley, and Bank of America
- Singapore data - November NODX +0.3% m/m (expected +0.2%)
- Goldman Sachs trims 2024 Brent Crude Oil forecast, expects range bound trading
- North Korea have fired a ballistic missile (another one)
- China says 2024 will be a better year for economy despite headwinds
- UBS CEO says he is not convinced that inflation is really under control
- Australia confident tariffs China placed on Australian wine will be removed in 2024
- New Zealand services PMI for November jumps into expansion
- Japan's MUFG to buy Australian firm for around USD740mn
- Russia's Novak says considering additional oil export cuts of about 50,000 bpd in December
- Chicago Fed head Goolsbee says ‘too early to declare victory’ on economic ‘soft landing’
- Economic calendar in Asia for Monday, 18 December 2023 - New Zealand and Singapore data
- New Zealand Q4 consumer confidence hits its highest in two year
- Trade ideas thread - Monday, 18 December, insightful charts, technical analysis, ideas
- Monday morning open levels - indicative forex prices - 18 December 2023
- Weekly Market Outlook (18-22 December)
- Week Ahead: Highlights include US PCE; BoJ, PBoC; CPI from Japan, UK, Canada
- S&P streak ends at 6 days. For the Dow and Nasdaq, make it a 7 and 7.
- Forexlive Americas FX news wrap: Williams helps to lift the US dollar
The Bank of Japan Statement and Governor Ueda’s press conference following is due on Tuesday. USD/JPY is little changed on the day awaiting these.
Other major FX was characterised by general USD weakness. EUR, BP, CAD, AUD all rose a little. NZD/USD was a better performer. It opened by being marked down in very early trade but has since rallied to highs around 0.6240. Early in the session was data from NZ showing Q4 consumer confidence hit a two-year high. This data is generally not much a forex mover upon release and its doubtful it accounts for much, if any, of today’s rise.
News flow today and over the weekend was light. From China we did have comments from an official from the Chinese Communist Party’s General Office of the Central Financial and Economic Affairs Commission saying that the major economic targets set for 2023 are expected to be achieved. He said that China's economic growth faces more opportunities than challenges and more favourable conditions. There is more in the bullets above.
Russian Deputy PM Novak said Russia would deepen cuts beyond the 300,000 barrels per day of cuts, "there may be an additional 50,000 bpd, maybe more."
