Asia-Pacific FX news wrap: US equity index futures sold in evening trade

  • Looks like US oil inventory data is going to be delayed again this week
  • China state planner vice-head says no to flood-like stimulus
  • Investment firm seeks to wind up Chinese property firm Evergrande
  • S&P forecasts the Reserve Bank of Australia cash rate to 2.75% before cuts kick in
  • Australian business confidence survey shows a second consecutive monthly decline
  • Australian consumer confidence improved for a second consecutive week
  • PBOC sets USD/ CNY reference rate for today at 6.6930 (vs. estimate at 6.6927)
  • The Bullwhip Effect is getting some love from Big Short guy – Federal Reserve to cut rates
  • US hostage affairs negotiator has travelled to Venezuela for discussions
  • Largest pension fund on the planet is making a killing on the weak yen
  • JP Morgan says recession is not its base case, risky asset classes could recover
  • The ECB forum takes it up a notch on Tuesday, 28 June 2022 – Lagarde and Lane both speak
  • G7 ban to have only a minor impact on gold (view via TD)
  • HSBC: (some say) the best thing going for the EUR is that its not the USD
  • An Oil ICYMI – Libya warned it may suspend some exports in the next 3 days
  • Rating agency Moody’s flags further Russian defaults still to come
  • US crude in the Strategic Petroleum Reserve (SPR) has fallen to its lowest since 1986
  • Former Russian President Medvedev having a bitch and whine about NATO
  • Goldman Sachs says its hard to be bearish on EUR, momentous ECB policy change coming
  • ICYMI – NATO announce massive troop build up to strengthen its eastern defenses
  • EU Energy head: „serious disruption” to the Union’s gas supplies from Russia is likely
  • Trade ideas thread – Tuesday, 28 June 2022
  • Forexlive Americas FX news wrap 27 Jun

Michael Cooper

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