Category Finance

The data release is here: Australian August CPI 2.7% y/y (expected 2.8%)down from 3.5% in July As I said in that post, the drop in headline inflation is mainly due to combined Commonwealth and State government rebates. Indeed, current RBA forecasts are for a headline CPI rate bounce…

The New York Federal Reserve branch’s Roberto Perli is manager of the Fed’s System Open Market Account SOMA). He spoke in a speech on Tuesday, saying that markets are not viewing the FOMC 50bp rate cut as an indication of stress in the economy. Reuters with the info:…

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Japan services PPI for August 2024 comes in at 2.7% y/y expected 2.6%, prior 2.8% The Bank of Japan (BOJ) closely monitors inflation in the service sector. This is to gauge whether increasing wages are prompting businesses to raise prices, which could signal more widespread consumer-level inflation. Inflation…

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 system that allows…

Medium-term Lending Facility (MLF) rate c This article was written by Eamonn Sheridan at www.forexlive.com.

UBS are not impressed by the stimulus announcement from China on Tuesday. In summary from the note : announcement signals a positive move toward a more supportive approachbut it doesn’t match the scale of past stimulus efforts that triggered sustained market ralliesmonetary easing by itself won’t be enough…

Via a note from Commerzbank, in summary: forecasts the euro could climb to $1.15 by the middle of next yearforecast hinges on the European Central Bank reducing interest rates more cautiously than anticipated, especially compared to the Federal Reserve And cautions that regardless, EUR gains may not last:…

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I had this on Tuesday but am only posting it now. Yes, it would have been much more helpful for me to post it yesterday. I have no excuse. But … if I did it was that I was snowed under by the news from those scoundrels in…