Author: FX
A detailed note from Commonwealth Bank of Australia on what they expect from the RBA.In summary:Our base case sees the RBA commence normalising the cash rate by the end of 2024 (we have pencilled in December for the first 25bp interest rate cut)A firmer disinflationary pulse than the RBA anticipates is a necessary condition for the Board to ease policy this calendar year.The already released September quarter consumer prices data in a raft of surveys gives us greater confidence that the much desired disinflationary process has recently gathered momentum.But it will be up to the Q3 24 CPI, due to…
S&P 500 retreated in the pre-PPI uncertainty, offered a great swing entry point in the initial flush to 5,825 support, and then the UoM consumer data lent further support to the buyers – much to the satisfaction of all clients. The intraday ones benefits from my bullish focus on expected SPY and IWM (ES and RTY) leaders and Ellin‘s ES success – incoming data simply favored Nasdaq to lag considerably behind the two. What spin then does PPI add, what does this title mean? Thursday was about slightly hotter CPI, which means PPI is at odds through coming in tame.…
By Nidal al-Mughrabi CAIRO (Reuters) -Israeli forces widened their raid into northern Gaza, and tanks reached the north edge of Gaza City, pounding some districts of the Sheikh Radwan neighborhood and forcing many families to leave their homes, residents said. Residents said Israeli forces had effectively isolated Beit Hanoun, Jabalia, and Beit Lahiya in the far north of the enclave from Gaza City, blocking access between the two areas except upon their permission for families willing to heed evacuation orders and leave the three towns. Nine days into a major Israeli operation in northern Gaza, the Hamas-run Gaza government media…
This week our currency strategists focused on the RBNZ monetary policy statement and U.S. CPI update for potential high-quality setups. Out of the eight scenario/price outlook discussions this week, none arguably saw BOTH fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. But here’s a quick look at the two scenarios with the closest fundamental triggers and see why we didn’t get the technical trigger. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on…
By James Mackenzie and Michelle Nichols JERUSALEM/NEW YORK (Reuters) -The United Nations said on Sunday Israeli tanks had burst through the gates of a base of its peacekeeping force in southern Lebanon, the latest accusation of violations and attacks that have been denounced by Israel’s own allies. Israeli Prime Minister Benjamin Netanyahu called on the United Nations to evacuate the troops of the UNIFIL peacekeeping force from combat areas in Lebanon. Hours later, the force reported what it described as additional Israeli violations, including tanks forcibly entering through the gates of a base. “The time has come for you to…
Peter Nicholls/Getty Images News Apple (NASDAQ:AAPL) has enormous amounts of brand loyalty with all age groups, but the minds of teenagers are notoriously fickle, as any parent will tell you. And while the tech giant still has a strong hold on this important demographic, it’s not quite Source link
(Reuters) – Changes announced by Russia to its nuclear weapons policy were long overdue and will probably “cool the ardour” of its Western enemies, Belarusian leader Alexander Lukashenko said in an interview released on Sunday. Lukashenko, a close ally of President Vladimir Putin, said “hotheads” in the West had already heard the nuclear signals being sent by Moscow even before the Kremlin leader announced the changes last month. Putin said on Sept. 25 that Russia was extending the list of scenarios that could prompt it to consider launching a nuclear weapon, including if it had reliable information about a massive…
UPCOMING EVENTS:Monday: US and Canada Holiday, Fed’s Waller. (US stock market open/bond market closed)Tuesday: UK Labour Market report, German ZEW, Canada CPI, New Zealand Q3 CPI.Wednesday: UK CPI.Thursday: Australia Labour Market report, ECB Policy Decision, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilization, US NAHB Housing Market Index.Friday: Japan CPI, China Industrial Production and Retail Sales, UK Retail Sales, US Housing Starts and Building Permits.MondayChristopher Waller is a key Fed governor because he’s been a “leading indicator” for changes in Fed’s policy. He recently mentioned that they could go faster on rate cuts if the labour…
MADRID (Reuters) – The 15th-century explorer Christopher Columbus was a Sephardic Jew from Western Europe, Spanish scientists said on Saturday, after using DNA analysis to tackle a centuries-old mystery. Several countries have argued over the origins and the final burial place of the divisive figure who led Spanish-funded expeditions from the 1490s onward, opening the way for the European conquest of the Americas. Many historians have questioned the traditional theory that Columbus came from Genoa, Italy. Other theories range from him being a Spanish Jew or a Greek, to Basque, Portuguese or British. To solve the mystery researchers conducted a…
Sun: Chinese InflationMon: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holidayTue: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep), German ZEW (Oct), Canadian CPI (Sep), New Zealand CPI (Q3)Wed: Bank of Indonesia Announcement, UK Inflation (Sep)Thu: ECB Announcement, CBRT Announcement, European Council Meeting, Australian Jobs Report (Sep), EZ Final CPI (Sep), US Retail Sales (Sep)Fri: European Council Meeting, Japanese CPI (Sep), Chinese GDP (Q3), UK Retail Sales (Sep), US Building Permits (Sep)Chinese Inflation (Sun): Chinese CPI Y/Y for September is expected to remain at 0.6% (prev. 0.6% in August), while PPI Y/Y is seen at -2.5%…