Australian Dollar Jumps on Hot CPI Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, RBA, CPI, RBNZ, AUD/NZD – Talking Points The Australian Dollar ran higher after CPI figures beat estimates Both the headline and trimmed measures were above forecasts The RBA might have a problem on their hands. Will AUD/USD continue higher? Recommended by Daniel McCarthy Get Your Free AUD Forecast The Australian […]
Weak UK PMI data points to further Pound weakness |
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Sticky Australian inflation data may add steam to the rally – ING
AUD/USD broke decisively above 0.7000 yesterday. Australian Consumer Price Index data for the fourth quarter could fuel the rally if figures come out sticky, economists at ING. AUD/NZD may retest the recent 1.0950 highs soon “Tonight’s fourth-quarter CPI data in Australia will be key, as evidence of sticky inflation may force a hawkish repricing across […]
Japanese Yen Steadies on PMI Data and Markets Assess Risks. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, PMI, Nikkei 225, ECB, EUR/USD – Talking Points The Japanese Yen inched higher after a tick-up in PMI numbers A buoyant mood from US tech stocks spilled into other equity markets As the Lunar New Year festivities continue, will thin trade impact USD/JPY? Recommended by Daniel McCarthy Get Your Free […]
Australian Dollar Eyes New Heights Ahead of Crucial CPI Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, RBA, CPI, Iron Ore, Gold – Talking Points The Australian Dollar has made ground today on US Dollar weakness While the market is rightly focussed on tomorrow’s CPI, PPI on Friday might impact China is on holiday, but commodities are buoyant. Will AUD/USD make a new high? Recommended by […]
Australian official inflation data is due mid-week – preview.
The Australian Bureau of Statistics will be publishing CPI data for the October – December quarter on Wednesday, 25 January 2023 at 11.30 am local time in Sydney: 0030 GMT on Wednesday, 25 January 2023 1930 US ET I posted this yesterday: Priors and expected: Headline For the y/y, Core inflation Inflation Inflation is defined […]
Australian inflation data this week – the RBA will be eyeing it for the February 7 meeting
Australian CPI data for the December quarter (October – December) is due on Wednesday 23 January 2023 at 0030 GMT (0530 US ET): 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 […]
GBP/JPY advances towards 160.00 ahead of United Kingdom Retail Sales data
GBP/JPY is approaching 160.00 as investors are still confused about forward Bank of Japan’s policy stance. Bank of England might discover a meaningful downtrend in inflation from the late spring amid tight monetary policy. Bank of Japan could look for an exit from the expansionary policy as inflation is stably rising. GBP/JPY might display a […]
Crude Oil Prices Spooked by US Data, IEA Report as WTI Turns to EIA Inventories
Crude Oil, WTI, IEA Report, US Retail Sales, EIA Inventories – Talking Points: Crude oil sinks the most in 2 weeks as soft US data scares traders Meanwhile, an IEA report underscored 2023 global supply glut bets Focus shifts to EIA weekly stockpiles as WTI faces triangle pattern Recommended by Daniel Dubrovsky Get Your Free […]
US Data, and the Disinflation Narrative
After months of inflation coming in way above the Fed’s target, the latest releases show a different trend. US monthly CPI figures for December showed a drop in prices, largely aided by energy prices. Yesterday, producer prices came in much more negative than expected. If inflation is bad, then the opposite would be good, right? […]