China October CPI +0.3% y/y (expected +0.4%, prior +0.4%), deflation prospect lingers
October 2024 CPI rose 0.3% year-on-year, down from 0.4% in September, and below economists’ median expectations of 0.4%: Shows continued weak consumer demand and keeps deflation concerns active. China faced…
Read More »Forexlive Americas FX news wrap: US dollar climbs, yields retreat
Canada October employment change +14.5K vs +25.0K expected UMich November prelim consumer sentiment 73.0 vs 71.0 expected Baker Hughes oil rigs 479 unchanged on the week Trump asks Robert Lighthizer…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1019 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Harris odds jump further after influential Iowa poll shows her with a shocking lead
Earlier I wrote a post highlighting why Presidential betting odds have tightened. Well, in the last hour they’ve tightened further and it’s from a somewhat shocking place — Iowa. It…
Read More »Australian Q3 PPI +0.9% q/q (expected +0.7%)
Australia PPI (Q3) +0.9% q/q expected 0.7%, prior 1.0% For the y/y +3.9% prior +4.8% The Producer Price Index (PPI) measures a change in input prices of raw, semi-finished or…
Read More »Inflation data remains in focus in Europe today
Major currencies are little changed for the most part with only the Japanese yen being the slight mover in the handover from Asia to Europe. It comes after the BOJ…
Read More »China mulls approving fresh fiscal package worth over ¥10 trillion next week
It is being reported that Beijing is looking to approve next week the issuance of over ¥10 trillion in extra debt over the next few years in order to revive…
Read More »Reminder: Daylight savings concluded in Europe over the weekend
This serves as just a bit of a reminder and a heads up to the session ahead. For those unaffected, this will mean European markets opening an hour “later” than…
Read More »Forexlive Americas FX news wrap: Consumer sentiment edges higher but market sentiment sags
US UMich October final consumer sentiment 70.5 vs 69.0 expected US September durable goods orders -0.8% versus -1.0% expected Canada August retail sales +0.4% vs +0.5% expected Canada Sept new…
Read More »Wall Street Journal poll puts Trump ahead of Harris, 47 to 45
The Wall Street Journal reports its latest national survey, finding that Trump is leading Harris by 2 percentage points, 47% to 45%. The journal caveats with: within the polls’ margins…
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