High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all.
AUD has popped a little higher on the higher-than-expected inflation data The ‘trimmed mean’ is a core measure – the RBA target band for core inflation is 2 to 3 %. Another of the core measures is the weighted median that has come in at +1.4% q/q and 5% y/y..
New Zealand ANZ business survey for October Business Confidence -42.7% prior -36.7Activity Outlook -2.5% prior -1.8 ANZ comments (in brief): Most forward-looking activity indicators slipped a little, though residential construction intentions lifted. Responses received after the unexpectedly strong CPI data were weaker on average. Inflation pressures remain intense. Pricing intentions.
AKA the Corporate Service Price Index +2.1% y/y expected 1.8%, prior 1.9% Japan’s consumer prices have moved higher but the BoJ views this a transitory development. – Data comes from the Bank of Japan – it assesses the prices of services traded among companies. +2.1 ADVERTISEMENT – CONTINUE READING BELOW
Morgan Stanley on the benchmark US equity index ahead. Their tone is very cautious: Given the strong technical support just below current levels, the S&P 500 can continue to rally toward 4000 or 4150 in the absence of capitulation from companies on 2023 earnings guidance. Conversely, should interest rates remain.
The UK Times carry the article with the info. Prime Minister Sunak will meet with his Chancellor of the Exchequer Hunt The two will have discussions on cutting public spending and raising taxes The Times adds that Sunak is considering postposing next week’s planned fiscal statement update. more to come.
South Korea’s business sentiment survey is taken by its central bank, the Bank of Korea. The seasonally-adjusted business outlook index for the non-manufacturing sector fell to 77 for November, from 81 for October the lowest since April 2021 the index for the manufacturing sector for November is 75 from 73.
Australian CPI data is due today: The ‘trimmed mean’ is a core measure and its expected to have continued higher in Q3 at 1.5% q/q. For the y/y its expected at 5.6%, way above the upper bound of the RBA target band of 2 to 3%. Preview comment via Westpac:.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all.
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US. Via Twitter45: Expectations I had seen centred on: Headline crude +1.0 mn barrels Distillates -1.1 mn Gasoline -0.8 mn ADVERTISEMENT – CONTINUE READING BELOW
Markets: Gold up $5 to $1653 US 10-year yields down 15 bps to 4.08% WTI crude oil up 46-cents to $85.04 S&P 500 up 60 points to 3856 GBP leads, USD lags The bond bid returned in a big way today and that led to a sharp selloff in the.
Australian inflation data is due today. I’ll have more to come on this separately. This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result..