Australian jobs data – unemployment rate for November 3.4% vs. 3.4% expected
<p>Australian November 2022 employment report is solid. </p><ul><li>Employment change is nearly double what it was the previous month</li><li>the unemployment rate is steady despite a higher number of people in the…
Read More »Australian economic growth data: Q3 GDP +0.6% q/q (expected +0.7%, prior +0.9%)
<p>Australian Q3 2022 GDP rises less than expected at +0.6% q/q</p><ul><li>expected +0.7%, prior +0.9%</li></ul><p>For the y/y, comes in at 5.9%</p><ul><li>expected 6.3%, prior 3.6%</li><li>the annual rate reflects a very low base…
Read More »Australian housing finance data for October slows again – higher rates weighing
<p>Rising interest rates in Australia are weighing on the housing sector. Prices down, construction activity slower, and loans down also. </p><p>Home loans -2.7% m/m</p><ul><li>expected -2.0%; prev -8.2%</li></ul><p>Owner Occupier -2.9% m/m</p><ul><li>expected…
Read More »Australian private capital expenditure (September quarter 2022) -0.6% (expected +1.5%)
<p>Australian Q3 2022 capex</p><p>The headline is -0.6% q/q</p><ul><li>expected +1.5%, prior -0.3%</li></ul><p>Also:</p><ul><li>Building capex +0.5% q/q</li><li>Plant and machinery capex -1.6% q/q (this is not a positive sign, it was expected to bounce…
Read More »Australian private sector credit growth for October +0.6% m/m (expected +0.6%)
<p>Data published by the Reserve Bank of Australia</p><p>more to come </p> This article was written by Eamonn Sheridan at forexlive.com.
Read More »The PBOC is expected to set the USD/CNY reference rate at 7.2077 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at forexlive.com.
Read More »Japan preliminary November PMI, manufacturing plunges to contraction, services on the edge
<p>The manufacturing result is the lowest in 2 years</p><p>Commentary from the report:</p><p>“Activity at Japanese private sector firms declined for the first time in three months, according to November flash PMI…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1307 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Yesterday:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-mid-point-today-at-71667-vs-estimate-at-71529-20221122/" target="_blank">PBOC sets USD/ CNY mid-point today at 7.1667 (vs. estimate at 7.1529)</a></li></ul> This article was written by Eamonn Sheridan at…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1529 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT. </p> This article was written by Eamonn Sheridan at forexlive.com.
Read More »A Magnitude 6 earthquake has hit Crete, Greece
<p>Depth 92 km</p><p>-</p><p>No damage nor injury reports as yet. Lets hope these are minimal. </p><p>Nor tsunami.</p><p>Pic from ESMC:</p> This article was written by Eamonn Sheridan at forexlive.com.
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