Australian inflation: Melbourne Institute CPI for September 2024: 0.1% m/m (prior -0.1%)
Melbourne Institute Inflation in September 2024 0.1% m/m prior -0.1% 2.6% y/y, almost to the mid point of the Reserve Bank of Australia 2 – 3% target band prior 2.5%…
Read More »Crude oil price forecast 🛢️🚀
Crude Oil Price Forecast: Navigating the Next Moves 🛢️📈 Hello traders and investors! This is Itai Levitan, an experienced market analyst at ForexLive.com, tracking crude oil for you today as…
Read More »China house sales rose over the holiday period – property sector recovery?
China began its week-long National Day holiday on Tuesday October 1. In the week leading up to the holiday beginning Chinese authorities announced an array of economic stimulus measures. SOme…
Read More »China urges local companies to stay away from Nvidia AI chips – report
Bloomberg is out with a report saying China is ramping up pressure on domestic companies to use domestic chip products rather than Nvidia chips. Shares of Nvidia are down 3.5%…
Read More »Morgan Stanley prefers Chinese stocks trading offshore over those listed on the mainland
Morgan Stanley has recommended that investors rethink their preference for Chinese stocks listed on the mainland in favor of those traded internationally. According to a Bloomberg (gate) report, this change…
Read More »Canada August new housing price 0.0% vs +0.2% prior
Prior was +0.2% Prices were unchanged in 13 of the 27 census metropolitan areas Prices increased in 8 Prices declined in the remaining 6 The index was unchanged on a…
Read More »USD/JPY moves above 143.00
The only news of note has been the rate cut from the US Federal Open Market Committee (FOMC) on Wednesday: Just waking up? Here’s the short summary of Wednesday’s FOMC…
Read More »China August: Retail sales +2.1% y/y (expected +2.5) Industrial production +4.5% y/y (4.8)
China retail sales, industrial output, investment data for August 2024 – another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) expected 2.5%, prior 2.7% Industrial Production +4.5% (YoY) (Aug)…
Read More »Dollar looks to settle lower after some back and forth trading this week
If the Fed wants to organise things in an orderly manner, the market sure isn’t letting them do so. The odds of a 50 bps rate cut dwindled after the…
Read More »ForexLive Asia-Pacific FX news wrap: USD/JPY swings again on BoJ comments
US firms optimism in China has fallen to its lowest level ever JPMorgan still expects a 50bp Federal Reserve interest rate cut next week Japan wholesale inflation dipped due to…
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