News

UK CPI expected to moderate in October, still well above the BoE’s target

The United Kingdom (UK) Office for National Statistics (ONS) publishes the highly relevant Consumer Price Index (CPI) data for October on Wednesday at 07:00 GMT. The market consensus anticipates some moderation of inflationary pressures.

Source  Fxstreet1763518500

Australia Wage Price Index (YoY) meets expectations (3.4%) in 3Q

Source  Fxstreet1763512234

Australia Wage Price Index (QoQ) in line with forecasts (0.8%) in 3Q

Source  Fxstreet1763512232

Australia Westpac Leading Index (MoM): 0.1% (October) vs -0.03%

Source  Fxstreet1763511620

Australia Westpac Leading Index (MoM) up to 0.01% in October from previous -0.03%

Source  Fxstreet1763511617

Japan Machinery Orders (MoM) registered at 4.2% above expectations (2.5%) in September

Source  Fxstreet1763509838

Japan Machinery Orders (YoY) registered at 11.6% above expectations (5.4%) in September

Source  Fxstreet1763509837

New Zealand Producer Price Index - Input (QoQ) came in at 0.2% below forecasts (0.9%) in 3Q

Source  Fxstreet1763502335

New Zealand Producer Price Index - Output (QoQ) registered at 0.6%, below expectations (0.7%) in 3Q

Source  Fxstreet1763502334

United States Total Net TIC Flows increased to $187.1B in September from previous $2.1B

Source  Fxstreet1763500795

United States Net Long-Term TIC Flows above forecasts ($126.1B) in September: Actual ($134.2B)

Source  Fxstreet1763500235
Fed’s Barkin: Job growth is down, but labor supply is also slowing

Federal Reserve (Fed) Bank of Richmond President Thomas Barkin spoke about the economic outlook at the Top of Virginia Economic Summit hosted by Shenandoah University on Tuesday. He claimed that the labor market seems balanced, but firms say labor is available, and recent layoffs warrant caution.

Source  Fxstreet1763482601

Colombia Gross Domestic Product (YoY): 3.6% (3Q) vs 2.1%

Source  Fxstreet1763481685
BoE’s Pill: Policymakers should be cautious

Bank of England (BoE) Chief Economist Huw Pill spoke at an interview with Reuters in the Bank of England in London on Tuesday.

Source  Fxstreet1763479515
US: Initial Jobless Claims stood at 232,000 in October 18 week

According to the report published on the US Department of Labor's (DOL) website, there were 232,000 Initial Jobless Claims in the week ended October 18.

Source  Fxstreet1763478929

United States NAHB Housing Market Index came in at 38, above expectations (37) in November

Source  Fxstreet1763478019

New Zealand GDT Price Index dipped from previous -2.4% to -3%

Source  Fxstreet1763477135

United States Redbook Index (YoY): 6.1% (November 14) vs 5.9%

Source  Fxstreet1763476966

United States ADP Employment Change 4-week average up to -2.5K in November 1 from previous -11.25K

Source  Fxstreet1763476845
USD/CNH: Likely to trade in a range between 7.1020 and 7.1170 – UOB Group

US Dollar (USD) is likely to trade in a range between 7.1020 and 7.1170. If USD breaks above 7.1170, it would mean that the weakness in USD has stabilized, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1763468360
Hungary’s central bank poised to hold rates at 6.50% – BBH

The National Bank of Hungary is expected to keep its policy rate at 6.50% for a 14th straight meeting, maintaining a hawkish stance as inflation remains above target.

Source  Fxstreet1763466268
Eurozone: New momentum – BNP PARIBAS

This is a positive surprise, and it deserves to be highlighted in the current context: according to initial estimates, growth in the Eurozone in the third quarter was higher than expected.

Source  Fxstreet1763458221
EUR/CAD falls toward 1.6250 as BoC caution boosts Canadian Dollar

EUR/CAD continues its losing streak for the third successive session after losing its daily gains, trading around 1.6260 during the European hours on Tuesday. The currency cross depreciates as the Canadian Dollar (CAD) gains on the cautious tone surrounding the Bank of Canada (BoC) policy stance.

Source  Fxstreet1763457009
Nikkei 225 slips toward key 50-DMA support – Société Générale

Nikkei 225 has retreated from strong resistance at 52,600pts, forming lower highs and lows on the daily chart. The index is drifting toward its multi-month rising trend line, with the 50-DMA near 47,600pts acting as key support.

Source  Fxstreet1763456909
HUF: Rate hold continues – Commerzbank

The Hungarian National Bank (MNB) is widely expected to leave its base rate unchanged at 6.50% at today’s meeting, continuing its prolonged policy hold for the thirteenth consecutive month.

Source  Fxstreet1763456339
HUF: NBH answering fiscal increase – ING

The National Bank of Hungary will decide on rates today, but the decision itself should be a non-event. However, forward guidance will be more important than ever.

Source  Fxstreet1763456233
JPY: China–Japan rift threatens tourism and trade – Commerzbank

It all started when Chinese President Xi Jinping, contrary to custom, did not congratulate Sanae Takaichi on her election as Prime Minister of Japan, Commerzbank's FX analyst Volkmar Baur notes.

Source  Fxstreet1763455889
BoJ’s Ueda: Will decide monetary policy while scrutinizing various data

Following his meeting with Japan’s Prime Minister (PM) Sanae Takaichi, Bank of Japan (BoJ) Governor Kazuo Ueda said he talked about the economy and monetary policy with Takaichi.

Source  Fxstreet1763450558
Japan’s Katayama says stimulus has grown “sizable,” but declines to give figure

Japan's Finance Minister Satsuki Katayama said on Tuesday that the government’s upcoming economic stimulus package has become “sizable,” but declined to disclose its exact scale.

Source  Fxstreet1763425545
Fed's Waller: Weak job market justifies rate cut in December

Federal Reserve (Fed) Governor Christopher Waller said that the US central bank should cut the interest rates when policymakers meet in December, Bloomberg reported late Monday. Waller added that he’s grown concerned over the labor market and the sharp slowdown in hiring.

Source  Fxstreet1763423692
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