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Well, the softer UK inflation data here raises the odds of the BOE joining the ranks of the Fed and ECB into pausing but not after one last rate hike this week in all likelihood. The odds of a 25 bps move coming into today was at ~80% and while traders may pull back...

If anything else, the data here today vindicates what markets have priced in going into the BOE policy decision tomorrow: One last rate hike for the BOE this week?I outlined the reasons in the post above as to why markets have toned down their expectations for the BOE...

Prior +6.8%Core CPI +6.2% vs +6.8% y/y expectedPrior +6.9%It is softer readings across the board, as even the monthly estimates are a miss on expectations. In August, headline inflation moved up by just 0.3% (vs 0.7% estimate) on the month and the lower figures are...

We've finally made it to Fed day. After the rather apathetic start to the week, perhaps things might start to pick up after we get to the main event later today. But for now, broader markets remain rather subdued especially in the major currencies space. Here's a...

Major currencies continue to stay in a rather subdued mood, with there being little change today after the mixed showing yesterday. The main focus is on the Fed decision today, which will kick off a bunch of other major central bank decisions on the week as seen...

Well, perhaps the spotlight and attention is not something oil bulls are liking at the moment especially after the hot start to the new week yesterday. WTI crude briefly hit above $92 to its highest levels since November last year before a quick retreat and now...

It is fully possible that Tokyo will conduct intervention in case the yen weakens furtherAmid a weakening yen, BOJ may have no choice but to normalise monetary policyThat includes exiting negative rates and ending yield curve controlHe also says that markets shouldn't...

Brent has dropped from highs circa USD96 earlier in the week. The drop today comes despite the large draw reported in the private survey earlier:I'm seeing a fake interview with US President Biden regarding SPR release doing the rounds on Twitter. Sheesh. MoneyMaker...

Once again major forex rates traded in limited ranges ahead of a big Wednesday coming up with:UK inflation data, the Federal Open Market Committee (FOMC) statement, and Federal Reserve Chair Powell’s news conference.The early part of the session brought comments from...

This from a Beijing news conference focused on China's economic situation. Representatives from the People's Bank of China will attend, as will the National Development and Reform Commission of the People's Republic of China (NDRC), the Ministry of Finance, and the...

Westpac comments on the data. The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose slightly to -0.50% in August from...