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Some further encouraging inflation (admittedly at the producer level, not consumer) data for the Reserve Bank of Australia. Australia PPI (Q4) ++0.8% q/q expected +1.0%, prior +0.9% For the y/y +3.7% prior +3.9% This week we’ve seen all four of Australia’s biggest banks switch the forecasting a February…

Credit growth in Australia for December 2024 Better data again. AUD/USD was shoved lower by the Trump tariff talk towards the end of the New York session: Market swings on headlines shows “how on edge everyone is around tariffs” AUD/USD is around 0.6209 as I post. This article…

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Japan Retail sales A solid beat indeed for retail sales in December. More encouragement for the Bank of Japan. This article was written by Eamonn Sheridan at www.forexlive.com.

Japan Industrial Production for November 2024, preliminary reading: Outlooks: Manufacturers see January output at +1% m/m (previous forecast was +1.3%) see February output at +1.2% m/m This article was written by Eamonn Sheridan at www.forexlive.com.

Congressional offices are being warned not to use DeepSeek, Axios with the report. “At this time, DeepSeek is under review by the CAO and is currently unauthorized for official House use,” the House’s Chief Administrative Officer said in a notice to congressional offices. This article was written by…

Inflation holding well above the Bank of Japan 2% target rate, which will keep speculation of a near term BoJ rate hike on simmer: You’ll note, there were jobs data out at the same time. Showing, yet again, a strong result. *** Tokyo area inflation data. National-level CPI…

CIO of Global Fixed Income at BlackRock, Rick Rieder says that the Federal Reserve provided little clarity on the timing of future interest rate cuts in its latest policy statement and press conference on Wednesday. This is reinforcing expectations that rates will remain on hold for the coming…

Strong labour market in Japan: Inflation data out at the same time. All three rates are well above the Bank of Japan 2% target and argue for further tightening on the meetings ahead. Currently the prospect of a a May rate hike is firming in the betting. This…

The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure to the two digital assets in one regulated financial product. The SEC announced it had granted accelerated approval to Bitwise’s Bitcoin and Ethereum ETF, just over a month…