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Japan wholesale inflation dipped due to lower commodity prices and a stronger yen – recap
Japanese 'wholesale' inflation levels eased back a little in August:The main drivers were lower commodity prices, falling utility prices, and the appreciation of the Japanese yen. Details showed that import prices dropped significantly falling to 2.6% YoY from 10.8%...
250bp of “shock and awe” rate cuts from the US Federal Reserve does not seem warranted
Westpac point out that while major downward revisions to US payrolls estimates have injected a little more urgency into the US situation over the last month, the pricing in of close to 250bps in cuts by this time next year in extreme:that sort of ‘shock and awe’...
Australia inflation expectations are slowly, slowly chipping lower, still way above target
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
PBOC sets USD/ CNY mid-point today at 7.1214 (vs. estimate at 7.1219)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOJ’s Tamura says expects a gradual path for interest rate hikes
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Citi moves underweight equities
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PBOC is expected to set the USD/CNY reference rate at 7.1219 – 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...
Former Reserve Bank of Australia Governor Fraser says the RBA should cut its cash rate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Japan Business Survey Index for Q3 2024 4.5% (prior -1.0%)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Japan PPI (August) -0.2% m/m (expected +0.0%) and +2.5% y/y (expected +2.8%)
-0.2% m/m for a missexpected 0.0%, prior 0.3%2.5% y/y, also a missexpected 2.8%, prior 3.0%Falling m/m wholesale inflation and lower than previous y/y. The rising yen may well have played a role in these results - check out the graph on the right, the import index.At...
UK pay awards drop to lowest level in two years
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Housing market in UK shows signs of recovery – RICS house price best since January 2020
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Reuters Japan Corporate Survey – firms wary of 50bp interest rate rise
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
New Zealand retail sales data (August) +0.2% m/m and -2.9% y/y
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
New Zealand data – Food Price Index (August) +0.2% m/m (prior +0.4%)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Atlanta Fed President Bostic violated Federal Reserve trading rules
Raphael Bostic is president of the Federal Reserve Bank of Atlanta.A report by the Federal Reserve's Office of Inspector General has raised suspicions of Bostic's trading:Bostic “created an ‘appearance of acting on confidential FOMC information’ ‘appearance of a...
North Korea fires ballistic missile toward East Sea (Sea of Japan)
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Chinese car industry is still struggling, car sales -5% y/y in August (prior -5.2%)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...