Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
Germany September final CPI +1.6% vs +1.6% y/y prelim
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More US data and Fed speak to keep markets interested as the week winds down
The two key releases above will be ones to watch but after the bigger ones yesterday, it might be a tall order to trigger markets into moving really. As mentioned here, it seems that the bar is relatively low now for the Fed to move by 25 bps. And for a pause next...
Dollar push and pull yesterday but didn’t move a whole lot in the end
In case you missed the key headlines:The inflation numbers were higher than estimated while initial jobless claims jumped up as well, with little hurricane-related impact to note. The dollar posted gains on the back of that but it was all quickly erased. That before...
ForexLive Asia-Pacific FX news wrap: Major FX trades mainly sideways
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Israel’s army said its killed top commander of Palestinian militant group Islamic Jihad
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Elon Musk just unveiled the Robotaxi at Tesla’s “We, Robot” event
The Robotaxi on display at the event has no steering wheel, no pedals. Fully autonomous apparently. Musk says 50 built so far. TSLA shares have caught a bid. It probably doesn't need to be said, but be careful of overhyped promises from events like these.. Musk says...
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TGI … more Fed speakers again today! Logan, Bowman, Goolsbee all on the agenda
I posted earlier:Logan and Bowman are prime candidates for dropping 'pause' comments (IMO). None of the topics in any of these speeches seem conductive to remarks on the economy nor policy. Perhaps in any Q&A. 1345 GMT / 0945 US Eastern time: Federal Reserve Bank...
China will follow up Saturday’s stimulus briefing with another on Monday
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More rate cuts to come from the Bank of Korea
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IKEA calls for more China stimulus as sales slip
Info via Reuters - IKEA calls for more China stimulus as sales slipIKEA urges China to deploy further economic stimulusChina accounted for 3.5% of Ingka Group's global sales, down from 3.6%IKEA opened new Shanghai store in September, now has 39 stores in ChinaPrice...
Reminder – Hong Kong marekts are closed for a holiday today
Hong Kong Exchnage is closed for a holiday today. Northbound and Southbound channels (Stock Connect) are closed.Mainland Chinese markets are open. ---***Shanghai-Hong Kong Stock Connect is one:a mutual market access program through which investors in each market can...
PBOC sets USD/ CNY reference rate for today at 7.0731 (vs. estimate at 7.0737)
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Bank of Korea rate cut as expected, base rate to 3.25% from 3.5%
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Singapore’s central bank meets Monday, expected to maintain steady policy
The Monetary Authority of Singapore (MAS) is the country's central bank. Its policy meeting is on Monday, October 14.MAS is expected to hold policy steady:9 out of 10 analysts polled by Reuters expect MAS to keep policy unchanged at April 15 meetingInflation remains...
PBOC is expected to set the USD/CNY reference rate at 7.0737 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
JP Morgan projects US inflation to gradually return to Fed target rate
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‘Bond king’ Bill Gross says stock market’s record-setting run will slow
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Barclays on the risk of $15 jump higher for oil prices
Barclays analysts suggest that a potential Israeli strike on Iranian oil production or export infrastructure presents a binary risk to the global oil markets. Such an event could shrink the current excess in spare capacity, which has been exerting downward pressure on...