Categories
FLreports

More auto chip shortage woes – Kia, Hyundai to stall production

May 17, 2021 at 04:08AM

More auto chip shortage woes – Kia, Hyundai to stall production
The global shortage of semiconductor chips is hitting automotive production particularly hard.
Hyundai and Kia says they’ll halt production of some lines on two days:

Continue Reading:…

press anycurrency Search Web: More auto chip shortage woes – Kia, Hyundai to stall production

Categories
FLreports

ForexLive Asia FX news wrap: Crypto the focus again

May 17, 2021 at 03:56AM

ForexLive Asia FX news wrap: Crypto the focus again
CRYPTO news/headlines:

Forex news for Asia trading on
Monday
17
May 2021
Other:
– Re Coinbase to list DOGE – CEO expects "millions" of crypto assets to be created

Continue Reading:…

press anycurrency Search Web: ForexLive Asia FX news wrap: Crypto the focus again

Categories
FLreports

ANZ forecast the RBNZ to start hiking the OCR in August 2022

May 17, 2021 at 03:23AM

ANZ forecast the RBNZ to start hiking the OCR in August 2022
ANZ post a preview of the Reserve Bank of New Zealand May policy meeting, due on the 26th (2pm local time, which is 0200 GMT)
We are now forecasting the RBNZ to begin raising the OCR in August 2022

Continue Reading:…

press anycurrency Search Web: ANZ forecast the RBNZ to start hiking the OCR in August 2022

Categories
FLreports

China stats dept comments on the April ‘activity data’ – still wary on recovery

May 17, 2021 at 03:13AM

China stats dept comments on the April ‘activity data’ – still wary on recovery
The China April data is here: 
China April Industrial Production 9.8% y/y (expected +10%) & Retail Sales 17.7% y/y (expected +25.0%)
Remarks from China’s National Bureau of Statistics:

Continue Reading:…

press anycurrency Search Web: China stats dept comments on the April ‘activity data’ – still wary on recovery

Categories
FLreports

China April Industrial Production 9.8% y/y (expected +10%) & Retail Sales 17.7% y/y (expected +25.0%)

May 17, 2021 at 03:00AM

China April Industrial Production 9.8% y/y (expected +10%) & Retail Sales 17.7% y/y (expected +25.0%)
China’s economy is performing well, but do be aware of the substantial ‘base effects’ coming in the y/y data coming off a poor April 2020 when the country was in the midst of it pandemic response.  

Continue Reading:…

press anycurrency Search Web: China April Industrial Production 9.8% y/y (expected +10%) & Retail Sales 17.7% y/y (expected +25.0%)

Categories
FLreports

China New Home Sales in April +0.48% m/m (prev. was 0.41%)

May 17, 2021 at 02:33AM

China New Home Sales in April +0.48% m/m (prev. was 0.41%)
Growth picking up on the month. 
The focus is on the data due a little later:

Continue Reading:…

press anycurrency Search Web: China New Home Sales in April +0.48% m/m (prev. was 0.41%)

Categories
FLreports

Taiwan hinting at intervention – Premier says to prepare ‘stabilisation’

May 17, 2021 at 02:31AM

Taiwan hinting at intervention – Premier says to prepare ‘stabilisation’
Taiwan’s Premier on the stock market weakness, and FX

Continue Reading:…

press anycurrency Search Web: Taiwan hinting at intervention – Premier says to prepare ‘stabilisation’

Categories
FLreports

Gold giving BTC a sly grin … highest since early February

May 17, 2021 at 02:29AM

Gold giving BTC a sly grin … highest since early February
Gold is above $1850 US
BTC has lost ground during the session with Musk tweeting:
And China weighing in also:
Even ETH has lost some of its recent glitter:

Continue Reading:…

press anycurrency Search Web: Gold giving BTC a sly grin … highest since early February

Categories
FLreports

People’s Bank of China issue a 1 year MLF

May 17, 2021 at 02:22AM

People’s Bank of China issue a 1 year MLF
100bn yuan amount 

at 2.95%, same rate as previous MLF operation
– rolling over maturing MLF of the same amount

Continue Reading:…

press anycurrency Search Web: People’s Bank of China issue a 1 year MLF

Categories
FLreports

Taiwan’s stock market selling off again after a further spread of COVID-19 infections, tighter restrictions

May 17, 2021 at 02:21AM

Taiwan’s stock market selling off again after a further spread of COVID-19 infections, tighter restrictions
Tighter coronavirus restrictions were announced in Taiwan over the weekend in response to a jump in cases. 
TAIEX testing towards its lows of last week. 

Continue Reading:…

press anycurrency Search Web: Taiwan’s stock market selling off again after a further spread of COVID-19 infections, tighter restrictions