BoJ Governor Ueda Nikkei is out with a Bank of Japan scoop ahead of Tuesday’s meeting and decision. The Bank of Japan is likely to raise its consumer price index outlook for fiscal 2024 (starting in March) to the 2% growth range at next week’s meeting The current forecast is 1.9% Today’s Tokyo CPI data
Share: EUR/JPY trades at 158.06, down 0.48%, as BoJ normalization speculations gain traction. Escalating Middle East conflict bolsters safe-haven assets, including the Japanese Yen. ECB’s decision to hold rates and scaled back positions for further hikes also weighs on EUR/JPY. The Euro (EUR) lost a step against the Japanese Yen (JPY) on Friday,
Headlines: Markets: USD leads, NZD lags on the day European equities mixed; S&P 500 futures down 0.3% US 10-year yields up 1.9 bps to 4.859% Gold up 0.2% to $1,973.24 WTI crude flat at $83.69 Bitcoin up 1.0% to $34,253 It was a slower session today as traders didn’t have as much to work with
Hang Seng Index, China, HSI, PBOC, AUD/USD, AU CPI, Crude Oil – Talking Points Chinese bourses have been underpinned today by policy annoucements Australian 3Q CPI reaccelerated, lifting the prospect of an RBA rate hike The Hang Seng index rallied but some technical hurdles lie ahead Recommended by Daniel McCarthy Traits of Successful Traders Hong
Australian Dollar, AUD/USD, CPI, US Dollar, RBA, Real Cash Rates – Talking Points The Australian Dollar found legs after CPI figures beat Q3 forecasts Both the headline and trimmed measures revealed tight price pressures The RBA might be looking for a move. If they lift rates, will AUD/USD get a boost? Recommended by Daniel McCarthy
Share: Australian Dollar moves upward toward a major level after stronger Aussie CPI data. Australia’s CPI climbed to 1.2% in Q3, exceeding the market consensus of 1.1%. US Dollar received upward support from upbeat PMI figures from the United States. The Australian Dollar (AUD) continues to gain ground, trading higher for the third
Following the Australian official inflation data due today Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Christopher Kent, will appear before the Senate Economics Legislation Committee (Supplementary Budget Estimates) on Thursday, 26 October 2023. at 9am Sydney time 2200 GMT, 1800 US Eastern time Earlier previews of the data due from Australia
National Australia Bank is forecasting a November Reserve Bank of Australia interest rate hike of 25bp, which will take the cash rate to 4.35%. NAB on the Q3 CPI data that’s due on Wednesday, 25 October 2023 at 11.30 am Sydney time, whoch is 0030 GMT and 2030 US Eastern time in summary: services inflation
Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast Global equity markets fell sharply in the week on escalating tensions in the Middle East and the surging US Treasury yields after the US Federal Reserve Chair Jerome Powell left open the door for further tightening. The MSCI All Country World index dropped 2.4%,
MON: Bank of Israel Announcement, EZ Consumer Confidence (Oct), US National Activity Index (Oct) TUE: German GfK Consumer Confidence (Nov), EZ/UK/US Flash PMIs WED: BoC Announcement, NBH Announcement, Australian CPI (Q3/Sep), German Ifo Survey (Oct) THU: ECB Announcement, CBRT Announcement, South Korean GDP Advanced (Q3), US GDP Advanced (Q3) FRI: CBR Announcement, Japanese Tokyo CPI
