- (If) US 10-yr yield rises above 2%, Société Générale targeting towards 120 in USD/JPY
- ICYMI - US officials call on China to abide by 'Phase 1' trade deal commitments
- Australian skilled job vacancies have hit a 13 year high
- China has eased its cap on loans for the real estate sector to fund public rental housing
- BoE, Fed and BoC speakers coming up on Wednesday 09 February 2022
- BOJ's Nakamura says the Japanese economy is showing clear signs of improvement
- PBOC sets USD/ CNY mid-point today at 6.3653 (vs. estimate at 6.3654)
- China says it will take action to ensure the stability of iron ore prices
- Fed's Daly says in favour of a March rate hike
- Lending data from China is due soon - record new yuan loans expected
- Oil - Goldman Sachs says 50% chance Iran remain sanctioned through 2023
- Chinese Communist Party says China should prevent the “barbaric growth of capital”
- Australia – Westpac Consumer Confidence Index for February -1.3% m/m (vs. prior -2%)
- 'Weimar Traingle' express their support for Ukraine sovereignty
- BoA likes EUR/USD lower, EUR/JPY and EUR/CHF higher
- US House passes funding bill to avoid government shutdown
- Reports of more rocket attacks on Abu Dhabi
- ICYMI - Report that Russia may tap a US-sanctioned gas field to supply China
- Trade ideas thread - Wednesday 09 February 2022
- Private oil survey data shows headline draw in crude oil inventory
Reports on Tuesday that China’s 'National Team’ was on the bid to support equities helped further stabilise mainland and Hong Kong stock markets today. The Hang Seng added circa 1.5% while the Shanghai Composite inched up by 0.2%. Japan’s Nikkei225 gained just shy of 1%.
US yields did not climb further here, eyes are turning to Thursday’s US CPI date for the next impetus. Ahead of the data point are a couple of Federal Reserve speakers Wednesday (see bullets above).
On the forex, the US dollar lost some ground during the session against other majors. Yen, EUR, GBP, AUD, CAD, CHF and NZD are all up against the USD. We had comments reported during the session from San Francisco Fed President Daly who cautioned that the Fed cannot be too aggressive with its tightening steps but that she does support a March rate hike.
BTC had a round trip, higher early then a retrace:
