CPI is due today at 8:30 am ET Canadian inflation data could be boosted by a surprise jump in airfares, according to Capital Economics. From Capital Economics: “Although gasoline prices fell further in December, a surge in airfare inflation probably caused a surprise rise in headline inflation. In November, a drop in energy inflation from +7.9%
Via Dr Shane Oliver, Head of Investment Strategy and Economics and Chief Economist, AMP Capital Comments on the RBA from longer note: Australian data releases over the last week continued the weak run seen since Christmas falls in housing finance, new home sales, housing starts and consumer confidence Melbourne Institute’s Inflation Gauge perked up a bit
Forex news for Asia trading Friday 18 January 2019 A news item hit during the US afternoon (Greg covered it and again in the wrap, but ICYMI): Which was soon denied: Nevertheless, the hope that it was true (where there is smoke there is fire?) carried in Asia trade during the session here. USD/JPY had
The squeeze is on the China company Earlier today there was a report that Germany is looking to ban Huawei from the 5G network.  (CLICK HERE) Now China’s Lu is getting on Canada’s case regarding the same threat. Remember Canada arrested Huaweii CFO Meng.  Meng was detained last month on a request by the United
Forex news from the European morning session – 17 January 2019 Headlines: Markets: JPY leads, NZD lags on the day European equities lower; E-minis down 0.4% US 10-year yields down 1 bps to 2.711% Gold flat at $1,294.00 WTI down 1.9% to $51.33 Bitcoin down 0.6% to $3,583 The session started off with softer risk
Forex news for Asia trading Thursday 17 January 2019 Singapore data – non-oil exports record largest fall in 2 years in December More ICYMI: Trump ‘inclined’ to impose new U.S. auto tariffs German press: German govt considering ways to exclude Huawei from 5G auction BOJ’s Kuroda’s speech, topic is Demographic Changes and Macroeconomic Challenges Citi
Forex news from the European morning session – 16 January 2019 Headlines: Markets: GBP leads, NZD lags on the day European equities mixed; E-minis up 0.2% US 10-year yields up 2.3 bps to 2.734% Gold down 0.1% to $1,288.45 WTI down 1.0% to $51.57 Bitcoin up 1.9% to $3,636 It was a session mainly dominated