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China Caixin Manufacturing PMI for October 50.3 (expected 49.7, prior 49.3)
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,...
Senior IMF official warns of tit-for-tat tariffs, China property sector, yen intervention
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 chief cabinet secretary Hayashi: expects BOJ to work closely with government
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Its unanimous, Reserve Bank of Australia to hold cash rate at 4.35% at next week’s meeting
Reuters poll of economists finds:RBA on hold in November and DecemberAll 30 economists in the poll expected the RBA to hold at 4.35% at the November 4-5 meetingAll but one expect a hold at the December meeting20 of 29, expected a 25 basis point cut in February8...
PBOC sets USD/ CNY reference rate for today at 7.1135 (vs. estimate at 7.1122)
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,...
Australian housing finance data (September 2024) comes in at a miss
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Australian Q3 PPI +0.9% q/q (expected +0.7%)
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 final manufacturing PMIs (October 2024 ): 49.2 (prior 49.7)
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,...
Here’s another forecaster moving back expectations for Bank of Japan rate hikes to 2025
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Asian FX & rates could be especially sensitive to the US election result
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,...
Bank of Japan to hike rates in January despite (because of?) politics
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The RBA meeting next week marks a year of unchanged cash rate at 4.35% – no cut until 2025
On Wednesday we had Q3 inflation data from Australia:After the data the Commonwealth Bank of Australia changed its forecast for Reserve Bank of Australia rate cuts. Analysts at the bank had been expecting a December rate cut, but pushed it back to a February cut. The...
Australian manufacturing PMI for October 2024 (final) 47.3 (prior 46.7)
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,...
ICYMI Goldman Sachs changed their forecast for Bank of England rate cuts. None in December
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New Zealand Building Permits for September 2024: +2.6% m/m (prior -5.3% )
New Zealand Building Permits for September 2024: +2.6% m/m prior revised to -5.2%, from -5.3%For the y/y +1.6%***Building consents data in New Zealand tracks the number and value of construction projects approved by councils. This includes residential, commercial, and...
Bank of Japan Governor Ueda dropped a hint on what he sees as the main block to rate hikes
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Stocks to continue higher through 2025. AI, Fed cuts, and strong economy underpin.
UBS global wealth management has a target for the S&P 500 at 6600 by the end of 2025. Analysts there argue for the continued rally citing:continued growth in AI-related capex reported by all three tech giants supports the positive structural trendbest...
Apple earnings: EPS of $1.64 vs $1.60 estimate
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Economic calendar in Asia 01 November 2024 – China manufacturing PMI due (the 2nd one)
Another PMI from China is due today. The Caixin Manufacturing PMI for October. China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company...