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Thursday, August 15, 2024

Asia Market Movers: China's National Bureau of Statistics (NBS) says PPI deflation will narrow in months ahead

China's National Bureau of Statistics (NBS) says PPI deflation will narrow in months ahead

Hopes are up, again, for stimulus from China after the most recent data, which continues the theme of e=unevenn recovery: China July data: Retail sales +2.7% y/y (expected +2.6). Industrial production... 

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UBS says doesn't see reason for 50bp Federal Open Market Committee (FOMC) rate cut in Sept

The US CPI report from Wednesday, ICYMI: Forexlive Americas FX news wrap: CPI continues to cool Earlier: JP Morgan says the Fed has a green light for a 50bp rate cut in Sep. Here's the trigger. Morgan... 

China July data: Retail sales +2.7% y/y (expected +2.6). Industrial production +5.1% y/y

The beat for retail sales is going to be read as slightly better news on household consumption/demand. The other two headline data points are both misses though. Industrial output has dribbled lower c... 

Japan's Economy minister Shindo says wages and income will improve

Yoshitaka Shindo, Japan's Minister of State for Economic and Fiscal Policy: On GDP data: govt will work closely with BOJ to carry out flexible macroeconomic policy management Govt will closely monitor... 

TD asks if the King USD will maintain its reign?

TS on the US dollar, this in summary recent Fed pivot has caused the dollar to depreciate since the start of July much of this has been against the Japanese Yen, which has climbed approximately 10% ov... 

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Latest Forex Orders

FX option expiries for 14 August 10am New York cut

There are a couple of expiries to take note of, as highlighted in bold . They are for EUR/USD at the 1.0925 and 1.1035 levels. They former lies near the 200-hour moving average, so there is some techn... 

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