Euro area annual inflation up to 10.7% – European Union
Euro area annual inflation up to 10.7% – European Union Eurostat’s preliminary estimate indicated an acceleration of annual inflation in the euro region from 9.9% immediately to 10.7%. Economists are expecting no change, and the difference of 0.8 points is one of the most prominent indicators economists predict quite accurately on average. But it’s not […]
Upcoming Market Updates: JPY, AUD, EUR, GBP, CHF, CAD, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, EUR, GBP, CHF, CAD, NZD JPY: Final Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Cash Rate, it measures Interest rate charged on overnight loans between financial intermediaries. AUD: RBA Rate Statement, It’s among the primary tools […]
The RBA with a 25bp hike Expected
The RBA with a 25bp hike Expected The RBA is set to hold their November meeting tomorrow and whilst the consensus is for a 25bp hike, it doesn’t mean they won’t do a 50bp one instead. Economists favor a 25bp hike, although money markets estimate a 51% chance of a 50bp hike tomorrow. It may […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, USD JPY: Prelim Industrial Production m/m, it measures Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. JPY: Retail Sales y/y, it measures Change in the total value of sales at the retail level. AUD: MI Inflation Gauge m/m, it […]
Upcoming Market Updates: JPY, AUD, EUR, CHF, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, EUR, CHF, CAD, USD JPY: Tokyo Core CPI y/y, it measures Change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food. JPY: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous […]
Australia September CPI
Australia September CPI It was a broad based upside surprise in the core measures highlighting accelerating inflationary pressures. The CPI lifted 1.8% in the September quarter with the most significant contributions coming from new dwellings, gas and furniture. Gas and furniture were upside surprises to us but the main difference between our 1.1% forecast and […]
Upcoming Market Updates: JPY, NZD, AUD, CHF, EUR, USD, CAD
Upcoming Market Updates: JPY, NZD, AUD, CHF, EUR, USD, CAD JPY: SPPI y/y, it measures Change in the price of services purchased by corporations. NZD: ANZ Business Confidence, it measures Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: CPI q/q, it measures Change in the price […]
Bank Of Canada Hike Rate by 75 BPS
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Bank Of Canada Hike Rate by 75 BPS The Bank of Canada interest rate decision meeting will be held on Wednesday, October 26th. BOC Governor Macklem will follow with a press conference beginning at 11:00 ET. BOC hiked rates by 75bps at their last meeting in September. This was the fifth consecutive rate […]
Canadian Inflation Higher than Expected
Canadian Inflation Higher than Expected Canadian CPI for September was 6.9% YoY vs and expectation of 6.8% YoY and an August reading of 7%. The headline number was higher than expectations, it was the third straight month the inflation reading has declined since reaching a 39 year high in June. However, the core CPI increased […]
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR USD: FOMC Member Bullard Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. JPY: Trade Balance, Export demand and currency demand are directly linked because foreigners […]
The Contrarian Case for a EUR/USD Rally if Rates Can Break Above
The Contrarian Case for a EUR/USD Rally if Rates Can Break Above It’s not particularly hard to make a bearish case for the European economy, especially relative to the US. Between a war in it’s backyard, energy shortages, and an imminent economic recession, it would be hard for the outlook for the Eurozone to look […]
Upcoming Market Updates: AUD, GBP, CAD, USD
[vc_row full_width=”stretch_row” el_id=”extra_class”][vc_column][vc_column_text] Upcoming Market Updates: AUD, GBP, CAD, USD AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. GBP: CPI y/y, it measures Change in the price of goods and services purchased by consumers. GBP: Core CPI y/y, it measures Change in the […]
Upcoming Market Updates: NZD, GBP, JPY, USD, CAD, EUR
Upcoming Market Updates: NZD, GBP, JPY, USD, CAD, EUR NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. JPY: Revised Industrial Production m/m, it measures Change in the […]
Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text][vc_row][vc_column width=”1/1″][vc_column_text] Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. JPY: M2 Money Stock y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. EUR: German WPI m/m, it measures […]
Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. USD: FOMC Member Bowman Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often […]
AUD/USD falls to new 18-month low
AUD/USD falls to new 18-month low AUD/USD continues to lose ground and can’t find its footing. The Aussie started the week on the wrong foot, with a decline of 1.0% on Monday. AUD/USD is trading at 0.6266 down 0.52%. Earlier the day, the Australian dollar fell to 0.6247, its lowest level since April 2020. Australia […]
Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF GBP: BRC Retail Sales Monitor y/y, it measures Change in the value of same-store sales at the retail level. AUD: Westpac Consumer Sentiment, it measures Change in the level of a diffusion index based on surveyed consumers. JPY: Current Account, it measures Difference […]
A Turning Point for Policy
A Turning Point for Policy The RBA surprised markets this week by slowing the pace of rates increase, opting for a 25bp move against expectations of a 50bp increase. Meanwhile, the RBNZ continued to show a heavy hand against domestic inflation pressures, having delivered a fifth consecutive 50bp rate hike. In explaining their decision to […]