The Japanese Yen (JPY) recovers slightly from the Asian session low, though it remains in negative territory and is undermined by a combination of factors. Domestic political chaos continues to fuel uncertainty about the likely timing and the pace of rate hikes by the Bank of Japan. Furthermore, US President Donald Trump’s pivot on China
China September Trade data Chinese Trade Balance (USD) +90.45bn expected 98.96bn prior 102.33bn Imports YY +7.4% USD terms expected +1.5% prior +1.3% Exports YY +8.3% USD terms expected +6.0%, prior +4.4% Some highlights of the data: China’s September coal imports at nine-month high China’s iron ore imports hit record high in September China soybean imports
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Gold price (XAU/USD) extends the rally to around $4,040 during the early Asian session on Monday. The escalating trade tensions between the United States (US) and China provide some support to the precious metal. Traders await signs on when the US government will reopen and release data that will shape Federal Reserve (Fed) policy. The
Goldman Sachs said it expects both Washington and Beijing to step back from the brink of a full-blown trade war after President Donald Trump threatened an additional 100% tariff on Chinese imports in response to Beijing’s rare earth export curbs. The bank said the most likely outcome is that both sides de-escalate their most aggressive
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New Zealand Business NZ PSI increased to 48.3 in September from previous 47.5 Source link
Washington races to build a $1bn mineral stockpile after China tightens export controls. — The Pentagon is ramping up efforts to secure critical minerals, planning to buy as much as $1 billion worth of supplies in a move to curb US reliance on China, according to a Financial Times report over the weekend. The purchases,
France has announced a new government has been formed. Macron has appointed the new cabinet. Roland Lescure reappointed as Finance Minister. There has been a shuffling around for other positions. French PM Lecornu: must end the French political crisis improving French public accounts is still a priority cannot avoid the necessity of restoring France’s public
Some comments from US Vice President J.D. Vance have kicked off a rebound in crypto, which is a positive signal for a broader rebound in risk assets on Monday. Talked to Trump about China yesterday Trump willing to be a reasonable negotiator with China Trump hopes US doesn’t need to use leverage on China We
China’s Commerce Ministry is out with a statement and it doesn’t look like they want a quick deal with the USA: China’s rare earth export control measures are “legitimate” Rare earth export control measures designed to better safeguard world peace and regional stability Rare earth export control measures designed to better fulfill international obligations such
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US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entities trying to move critical rare earths minerals out of China. Donald Trump declared via social media post that he will be imposing a new
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The U.S. government has started to layoff federal employees, the Office of Management and Budget’s chief Russell Vought said on Friday, the 10th day of the shutdown, which is the first in six years. In a post on the social media platform X, Vought said, “The RIFs have begun.” RIFs is an acronym for reductions
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Asia-Pacific traders face a relatively busy week, dominated by Chinese trade and inflation figures, Australia’s employment data, and ongoing political strains in Japan. The week starts quietly on Sunday with New Zealand’s Business NZ PSI for September, before turning to China’s trade balance later in the evening. Exports and imports will be closely scrutinized to
