Australian February retail sales +0.2% m/m (expected +0.1%)
<p>Australian February retail sales +0.2% m/m </p><ul><li>expected +0.1%, prior +0.4%</li><li>preliminary reading, more will follow on April 3</li></ul><p>For the y/y, up 6.4%</p><p>AUD is heading a little higher but its more of…
Read More »PBoC expected to set USD/CNY mid-point for Friday, 24 March at 6.8367, Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at www.forexlive.com.
Read More »USD/JPY drops under its overnight low ahead of BOJ meeting today
<p>USD/JPY activity is thnner than normal with the Bank of Japan meeting announcement due in around 3 hours time (there is no firmly scheduled time). </p><p>While the consensus is for…
Read More »US President Biden budget proposes raising corporate tax to 28% (from 21%)
<p>more to come</p><p>-</p> This article was written by Eamonn Sheridan at www.forexlive.com.
Read More »Australian headline Q4 2022 capex +2.2% q/q (vs. expected +1.3%)
<p>more to come</p><p>Australian Private Capital Expenditure for Q4 2022 +2.2% q/q</p><ul><li>expected +1.3%, prior -0.6%</li></ul><p>Building capex + 3.6% </p><ul><li>prior +0.5%</li></ul><p>Equipment, plant and machinery capex +0.6% </p><ul><li>prior -1.6%</li></ul><p>Estimate 1 for 2023-24 is…
Read More »RBA Gov Lowe says there is a risk the Bank has not yet raised interest rates enough
<p>Reserve Bank of Australia Governor Lowe is appearing before an Australian parliamentary committee. </p><p>He is making garbled remarks … this:</p><ul><li>there is a risk the bank has tightened policy too much</li><li>risk…
Read More »Australia NAB Business Confidence for January 6 (prior -1)
<p>National Australia Bank business survey.</p><p>The twin headlines from this are:</p><ul><li>business confidence, comes in at +6 in January from 0 in December</li><li>business conditions +18 in January, from +13 in December</li></ul><p>Of the…
Read More »RBA Statement revises forecasts for core inflation higher
<p>Reserve Bank of Australia's Statement on Monetary Policy (SoMP) </p><p>Summary Headlines via Reuters, bolding is mine:</p><ul><li> Board's priority is to return inflation to target</li><li>Board expects further increases in interest rates…
Read More »RBA December Minutes: Further rates hikes will likely be needed to balance supply & demand
<p>Reserve Bank of Australia December meeting minutes</p><p>Headlines via Reuters:</p><ul><li> Board considered hiking by 25bp, 50bp or pausing at the December meeting</li><li>Board saw arguments for each option but the 25bp hike…
Read More »Japan Jibun preliminary (flash) manufacturing PMI for December 48.8 (prior 49.0)
<p>The deepest contraction for manufacturing for 26 months. Weak demand, strong cost pressures cited. </p><p>Manufacturing PMI 48.8</p><ul><li>prior 49.0</li><li> Output and new orders extended their contraction for a sixth month in…
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