Australian inflation fell but just ‘weight’ a minute
Australian inflation fell but just ‘weight’ a minute Australian inflation rose only to 6.9% y/y, down from a peak of 7.4% and lower than the 7.5% expected. Housing, food and non-alcoholic beverages and transport were most significant contributors. CPI rose 0.2% m/m, below its long-term average of 2.5%. The RBA will be happy to hear […]
This week’s currency pair, USD/CNH
This week’s currency pair, USD/CNH This week will bring a lot of US macroeconomic data and speech from US Fed Chairman Powell, which should give the markets a clearer direction of where the Fed may be headed next regarding monetary policy. Powell speaks at the Brookings Institute on Wednesday. The topic is the economy and […]
Upcoming Market Updates: AUD, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, EUR, GBP, CAD, USD AUD: Retail Sales m/m, it measures Change in the total value of sales at the retail level. EUR: M3 Money Supply y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. EUR: Private Loans y/y, it measures Change […]
EUR/JPY Eyes Breakout – Xtreamforex
EUR/JPY Eyes Breakout – Xtreamforex The US out on holiday, there’s not much point in discussing the dollar. Instead, something that could move during the Asian hours. The Japanese yen. After being the weakest of major currencies for an extended period this year, the yen has stormed back against the dollar, along with equities, gold […]
FOMC Minutes, Fed Hiking Rates slowly
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] FOMC Minutes, Fed Hiking Rates slowly At the November 2nd FOMC meeting, members unanimously agreed to hike the Fed Funds rate by 75bps to bring the key rate to 3.75%-4.0%.The statement from the meeting said members agreed that ongoing rate hikes were necessary until rates were “sufficiently restrictive”. In addition, the statement noted […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, USD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. NZD: Official Cash Rate, […]
RBNZ seen raising rates by historic 75 bps
RBNZ seen raising rates by historic 75 bps Whilst there has been some less expectations that inflation around parts of the world have topped out, recent data for New Zealand is remining us that inflation can remain at elevated levels for longer than anyone would like. CPI rose 2.2% q/q, up from 1.7% and well […]
Upcoming Market Updates: JPY, AUD, GBP, EUR, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, GBP, EUR, CAD, USD JPY: BOJ Core CPI y/y, it measures Change in the price of goods and services purchased by consumers, excluding food and energy. AUD: RBA Gov Lowe Speaks, As head of the central bank, which controls short term interest rates, he has more influence over […]
Japan’s Inflation hits the ‘40-year high
Japan’s Inflation hits the ‘40-year high Despite the BOJ’s best efforts to contain inflation, prices are indeed rising. Nationwide inflation rose to its highest levels since 1984 at 3.7% y/y and core inflation is also at 3.6%. If food and energy are excluded, CPI is now 1.4% y/y- which is its highest since 1998 we […]
Upcoming Market Updates: JPY, GBP, EUR, CAD, USD, GBP
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, GBP, EUR, CAD, USD, GBP JPY: National Core CPI y/y, it measures Change in the price of goods and services purchased by consumers, excluding fresh food. GBP: GfK Consumer Confidence, it measures Level of a diffusion index based on surveyed consumers. GBP: Retail Sales m/m, it measures Change in […]
US Consumer Remains Strong
US Consumer Remains Strong Equity markets in Europe are back in the red yesterday, while the US looks largely unchanged around the open on Wall Street. Reports of missile strikes in Poland on Tuesday naturally caused a shudder in the markets. The prospect of a sudden and unexpected escalation in the war in Ukraine, particularly […]
Markets Position, The lower-than-expected US inflation
Markets Position, The lower-than-expected US inflation The lower-than-expected US inflation print simply extended with economic data serving as an accelerator. European stocks add a normal 0.6% but US indices open with very solid 0.9-2.5% gains. The US NY Empire manufacturing index surpassed the bar with ease, coming in at 4.5 vs a -6 consensus. But […]
AUD/USD – Australian Dollar US Dollar
AUD/USD – Australian Dollar US Dollar The Australian dollar is in negative territory, after posting huge gains last week. In the European session, AUD/USD was trading at 0.6690, down 0.22%. US Dollar took a nasty spill last week, and the Australian dollar made the most of it, gaining 3.6%. The US dollar was slammed after […]
Upcoming Market Updates: JPY, AUD, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, EUR, GBP, CAD, USD JPY: Prelim GDP Price Index y/y, it measures Change in the price of all goods and services included in GDP. JPY: Prelim GDP q/q, it measures Change in the inflation-adjusted value of all goods and services produced by the economy. AUD: Monetary Policy Meeting […]
United Kingdom Inflation Rate
United Kingdom Inflation Rate The UK GDP revealed that the economy shrank by only 0.2% in 3rd Quarter, which means that a contraction of more than 0.55% may be needed in the last three months of the year for the BoE’s forecast of a 0.75% contraction during H2 2022 to materialize. Yet, investors dragged their […]
Upcoming Market Updates: GBP, CHF, EUR, USD, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, CHF, EUR, USD, NZD GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. CHF : PPI m/m, it measures Change in the price of goods and raw materials purchased by manufacturers. EUR: Industrial Production m/m, it measures Change in the total inflation-adjusted value […]
US Consumer Sentiment and Elections
US Consumer Sentiment and Elections Officially which party has won control of the Congress is still not known. The trends and projections, the results are pretty much in line with what was expected. Republicans take control of the House, but by a smaller margin than expected. And control of the Senate is still unknown, and […]
How to Profit From US Inflation: Investment Options
How to Profit From US Inflation: Investment Options US inflation is expected to soften slightly – as markets have positioned themselves for it to do so. But that also presents opportunities for traders. The inflation prints as a proxy for Fed policy. Another hot report decreases the odds of a slower pace of Fed tightening, […]