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 »USD/JPY has hit its highest in nearly 3 months
<p>USD/JPY rose overnight. The USD rose against all majors overnight. </p><p>ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-7-mar-powell-leans-toward-an-acceleration-toward-50-bps-20230307/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 7 Mar: Powell leans toward an acceleration toward 50 bps</a></li></ul><p>Expectations of…
Read More »Australian January trade data: Exports +1% m/m (prior-1%) & Imports +5% m/m (prior +1%)
<p>Australian trade balance data for January 2023, a surplus of AUD 11,688mn </p><ul><li>expected 12500 mn</li><li>prior 12237mn</li></ul><p>A huge jump in imports. Consumer sentiment might be in the doldrums but there is…
Read More »Fed’s Daly: If next inflation data hot, would adjust rate path higher and longer
<p>San Francisco Fed President Mary Daly is out with some candid comments today. She's plugged into the core of the Fed and was the first to signal a higher path…
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 »Reserve Bank of New Zealand policy decision due mid-week. Preview & NZD implications.
<p>TD expect a +50bp rate hike from the Reserve Bank of New Zealand this week.</p><ul><li>The consensus is for +50 also. </li></ul><p>The decision is due at 0100 GMT on Wednesday 22…
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 »ICYMI – US used vehicle prices jumped again in January, up 2.5% m/m
<p>Reports from the Manheim Used Vehicle Value Index. This tracks wholesale auction prices for used cars in the US.</p><p>+2.5% m/m in January, which follows a rise in December also (the…
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