Eurozone CPI YoY Flash || 8.5% (Forecast 8.9%, Previous 9.2%)
Eurozone CPI Headline – MoM Flash || -0.4% (Forecast 0.1%, Previous -0.4%) YoY Flash || 8.5% (Forecast 8.9%, Previous 9.2%) Core: YoY Flash || 5.2% (Forecast 5.1%, Previous 5.2%) RELEASE Reuters The headline inflation drop is unlikely to expunge concerns among conservative policymakers that rapid price growth is getting entrenched, a worry reinforced by poor […]
UK January flash services PMI 48.0 vs 49.7 expected
Prior 49.9 Manufacturing PMI 46.7 vs 45.5 expected Prior 45.3 Composite PMI 47.8 vs 49.1 expected Prior 49.0 That’s a steep drop in UK services activity, with the headline reading slumping to a two-year low. There is a bit of reprieve in that manufacturing activity nudged higher but overall, the data highlights a further sustained […]
Global Flash PMIs, and the Return of Investor Optimism?
At the conclusion of the latest WEF meeting in Davos, many of the leaders there were optimistic that the world would avoid a recession. Or, at least, if there was a recession, it would be short and shallow. A substantial portion of that optimism relied on an expectation that China would rebound, now that it […]
Week Ahead – Highlights include: US PCE & GDP, BoC, Flash PMIs, Aus & NZ CPI
MON: BoJ Minutes (Dec); Australian Flash PMIs (Jan). TUE: Australian NAB Business Confidence (Dec), German GfK (Feb), EZ, UK & US Flash PMIs (Jan), New Zealand CPI (Q4), UK CBI Trends (Jan). WED: BoC Policy Announcement; Australian CPI (Dec/Q4), German Ifo (Jan). THU: CBRT Minutes & Inflation Report (Jan), US Durable Goods (Dec), GDP Advance […]
XAU/USD Soars but Overbought Signals Flash Red
Gold (XAU/USD) Analysis Gold maintains bullish momentum after welcome CPI data Gold faces fresh resistance above 1900 which may pose too stern a challenge as overbought signals sound the alarm for bullish continuation plays The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our […]