Cable stretches to the highs since September, rising 150 pips

GBPUSD daily Cable may have found a bottom. The US dollar has sold off broadly today but the pound is taking particular advantage, up 150 pips to 1.2349. It’s the best gain since a powerful stretch of gains in early June. That series of gains is a reminder that the pair can run when it

Hong Kong SAR Retail Sales dipped from previous 13.7% to 13% in September

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Australian Building Approvals for September: -4.6% m/m (expected +1.3%)

Australia Building Approvals for September 2023 come in at -4.6% m/m expected +1.3%, prior +7.0% A poor report for the sector. IF the RBA is eyeing data on the health of the Australian econly they’ll be getting worried. This from earlier (check the remarks from the report, not confidence inspiring at all): Australian final manufacturing

Eurozone September M3 money supply -1.2% vs -1.7% y/y expected

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China September M2 money supply +10.3% vs +10.7% y/y expected

Prior +10.6% New yuan loans ¥2.31 trillion vs ¥2.50 trillion expected Prior ¥1.36 trillion That’s a notable jump in new loans, even if it comes in lower than estimated. Broad money growth continues to ease further and will be something that Beijing has to be mindful about as the economy slows going into next year.