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The activity data is centred on 3 indicators: industrial production, retail sales and fixed asset investment. A beat for retail sales (a consumption indicator rising is good news for China). Urban Unemployment (in 31 major cities) 5.0% vs prior 5.0% This article was written by Eamonn Sheridan at www.forexlive.com. لینک منبع : هوشمند نیوز
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Fed funds futures are surging as the CPI report takes the FOMC out of the picture for now. Deferred contracts are pacing the move, though we suspect the market is getting ahead of itself, moving forward rate cuts and pricing in a string of easings next year. The implied May contract suggests about an 80% chance
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European Central Bank President Christine Lagarde spoke in an interview with Greek newspaper Kathimerini. The ECB posted the interview on its site, here: Speaking to the Greek newspaper, President Christine Lagarde reflects on the Greek economy’s strong recovery in recent years, and reiterates the ECB’s determination to return euro area inflation to 2% Highlights: “We
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It was a difficult September for bond and stock bulls. After reiterating ad nauseum, it appears that the FOMC’s “higher for longer” message has finally gotten through. In general central banks are mostly in wait and see mode as they assess the many crosscurrents to determine whether additional tightening is needed. Uncertainties over the policy
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The BoE unexpectedly left the Bank Rate unchanged at last week’s meeting. The decision followed a surprise drop in headline inflation, which coupled with weaker than expected growth suggested that policy settings are now sufficiently restrictive to bring inflation down lastingly. Markets have trimmed expectations for peak rates in the UK substantially, and we see
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Treasury yields and the Dollar tumbled while equity futures rallied on the August jobs report that showed more cooling than expected. This report was close to Goldilocks with slowing in employment with a 2023 average monthly gain of 236k versus 399k for 2022. The unemployment rate jumped, due to a big surge in the labor