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 […]
USD/CAD declines towards weekly low at around 1.3340 ahead of BoC’s interest rate policy
USD/CAD is looking to extend its downside towards a weekly low around 1.3340 amid the risk-on market mood. The BoC is expected to hike interest rates further by 25 bps to 4.50% this week. Oil prices might deliver a recovery amid optimism over China’s economic recovery. The USD/CAD pair has dropped to near 1.3367 gradually […]
China’s Reopening Complicates Global Fight Against Inflation: WSJ
Stronger Chinese economy will boost demand for commodities but could ease supply-chain bottlenecks, sending mixed signals for central bankers… Source link
Yellen: Overall good feeling that inflation is coming down
US labour market is still very tight She mentions that there is encouragement from recent data that the rate of US inflation has declined. Well, the trend in the past few months is a welcome development but it remains to be seen if this is enough to stay the course for inflation to return towards […]
Higher Australian Inflation Expectations Keep Aussie Bid
AUD/USD ANALYSIS & TALKING POINTS Another hike by RBA could be backed post-CPI later this week. China crucial to commodity outlook for Australia. Golden cross may lead to additional AUD upside to come; 0.7000 under threat. Recommended by Warren Venketas GET YOUR FREE AUSSIE DOLLAR Q1 FORECAST AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP Trade Smarter – Sign […]
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 […]
ECB’s Rehn sees reasons for ‘significant’ interest rate increases before summer
European Central Bank (ECB) Governing Council member and Governor of Austria’s central bank Olli Rehn made some comments on the central bank’s interest rates policy during his appearance over the weekend. He said that he sees grounds for “significant interest rate increases from the ECB this winter and the coming spring.” Market reaction EUR/USD is […]
Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow
Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment […]
More from Harker: How high rates go will be shaped by inflation
> More from Harker: How high rates go will be shaped by inflation Fed’s Harker adds: How high rates go will be shaped by inflation. Sees rates going toward 5% ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
Fed’s George: Encouraging to see inflation coming down
Fed’s George is not a voting member and is set to retire shortly. Last night NY Fed Pres. Williams said: Inflation is still to high The Fed still has more work to do to bring inflation down to their goal of 2% Job growth remains strong He expects growth to be moderate in 2023 He […]