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Wednesday, June 26, 2024

Asia Market Movers: How to position for a possible Canadian recession

How to position for a possible Canadian recession

They note that several measures of demand is slowing, and that the housing market's sizeable imbalances make it relatively more vulnerable to the lagged impact of higher rates. Furthermore, they note... 

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AUDNZD has turned on warp speed today

Earlier in the session we saw the AUD jump higher on hotter-than-expected CPI data for May, which has i ncreased the odds for a hike at the August and September meetings. Then we also had negative com... 

New Zealand Treasury says weak economy threatens treasury forecasts

Weak economy threatens treasury forecasts NZ economist McLeish sees recent data indicating economic weakness NZ treasury considers additional spending and revenue solutions... 

AUDUSD pops higher after hotter than expected CPI data

AUDUSD has jumped higher after the hotter than expected CPI numbers out of Australia this morning. The odds of a hold for the August meeting has fallen to 70% from the prior of 89%, while the odds of... 

Australia weighted CPI YY 4.0% vs 3.8% expected

Weighted CPI YY: 4.0% vs 3.8% expected CPI SA YY: 4.1% vs 3.8% prior CPI SA MM: 0.2% vs 0.2% prior CPI Annualized trimmed mean YY: 4.4% vs 4.4% prior Aussie weighted CPI YY 2... 

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FX option expiries for 25 June 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0700 level. The expiries should keep a floor on price action in the session ahead, if anything el... 

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