inflation

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Week Ahead – Nonfarm payrolls eyed ahead of FOMC; Japanese data also under the spotlight

Posted on November 25, 2016 at 3:11 pm GMT

The November nonfarm payrolls report will likely be the highlight of the coming week as it will be the last before December’s FOMC meeting. There will be plenty of other major data for the US, while Japanese indicators will also attract some attention.  The European calendar will be relatively quieter with flash inflation for the Eurozone being the more important release. Eurozone prices on an uptrend The week will start with economic sentiment indicators out of the Eurozone on Monday. [..]

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Asian Session – US dollar near 13-year high in holiday-thinned trade

Posted on November 25, 2016 at 8:06 am GMT

The US dollar was holding near multi-year highs during Friday’s Asian trading, although there was also some profit-taking by dollar longs.  The dollar’s run has been an extended one, which makes it vulnerable to profit-taking. The euro for example was trying to get back above 1.06 as it traded just below that level, while dollar/yen dipped below the 113 mark to trade at 112.89. According to Bloomberg, the dollar’s rally against the yen during the past 3 weeks has been [..]

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Week Ahead – After election shock, quieter week awaits with inflation, jobs and retail sales data

Posted on November 11, 2016 at 3:08 pm GMT

After an eventful week following the surprise outcome of the US presidential election, a calmer seven days awaits as economic data moves back under the spotlight. Inflation and retail sales numbers for the UK and the US will come into focus along with Japanese Q3 GDP data, while key indicators out of China will also be watched. UK inflation eyed as weak sterling drives up import prices It will be an important data week for the UK as inflation, unemployment [..]

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Week Ahead – US elections take centre stage in quiet data week; RBNZ also eyed

Posted on November 4, 2016 at 2:08 pm GMT

The presidential election in the United States looks set to dominate the markets next week as investors become increasingly uneasy about the ever tightening race between Clinton and Trump. A win by either candidate would likely rule the market theme beyond Election Day in what is a relatively quiet week for economic data. The main non-political event next week will be the Reserve Bank of New Zealand’s policy meeting, while Chinese, Eurozone and UK data will fill up the economic [..]

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Asian Session – US dollar drops after Tuesday’s high; aussie shines on inflation

Posted on October 26, 2016 at 7:29 am GMT

The US dollar was under some profit-taking following a fresh 9-month high for the dollar index the previous day.  The Australian dollar was strong on better-than-expected inflation, while sterling bounced back from its lows after Carney’s comments the previous day. The US dollar was on the defensive during Wednesday’s Asian session after the dollar index hit a high of 99.11 the previous day on expectations that the Fed will hike interest rates before the end of the year.  Some profit-taking on the [..]

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Week Ahead – US retail sales, Yellen speech and Chinese trade to attract attention

Posted on October 7, 2016 at 1:38 pm GMT

Given this week’s major events such as nonfarm payrolls, the twin ISM surveys out of the US and the steep drop in the British pound, next week will likely be calmer. Thursday and Friday could see more action due to US retail sales, Chinese trade balance and a speech by Fed Chair Janet Yellen. US: Retail sales and Yellen speech At the beginning of the week, the Columbus day holiday in the United States could lead to thin trading conditions during North American trading [..]

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Asian Session – Markets on risk-off on final day of the quarter

Posted on September 30, 2016 at 6:54 am GMT

Worries about the fate of Deutsche Bank, Germany’s largest lender as well as other concerns about US elections and a possible December rate hike by the Fed led to some profit-taking in risk assets on Friday.  Asian stocks, influenced by losses on Wall Street overnight, also fell with Tokyo’s Nikkei and Hong-Kong’s Hang Seng index losing more than a percent. The yen is traditionally a safe haven at times of market turbulence but yen moves also seemed to be influenced [..]

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Bank of Japan introduces Yield Curve Control but yen reverses losses

Posted on September 21, 2016 at 11:16 am GMT

The Bank of Japan announced an overhaul of monetary policy at the end of its two-day meeting on Wednesday, surprising market analysts that had conceded expectations of fresh action by the Bank. After promising a “comprehensive” review of its policies back in July, the Bank of Japan today announced several tweaks to its existing policies in an attempt to regain market credibility that it can achieve its objective of 2% inflation. The main change in the BoJ’s policy is the [..]

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European Session – Dollar rallies on strong inflation numbers

Posted on September 16, 2016 at 2:25 pm GMT

The US dollar posted some strong gains today, following the release of data showing price pressures building up in the US economy.  The yen also posted some gains versus the pound and the euro, as it traded below the 134 and 114 levels respectively. Euro / dollar fell to its lowest since September 6, falling below the 1.12 level to 1.1166.  Dollar / yen did not rise as much, with the dollar retaking the 102 handle to trade around 102.15.  [..]

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