Germany Gfk Consumer Sentiment for October dropped from -36.5 to -42.5, below expectation of -38.8. That’s also a new record low. In September, economic expectations dropped from -47.6 to -21.9, lowest since 2009. Income expectations Read more…
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD. What are the reasons behind this performance? On the one hand, we have rising inflation in the Read more…
The PBOC (People’s Bank of China) continued to let the yuan slide and set their central parity rate -385 pips lower – to its weakest level since 2020. The central bank can control the direction Read more…
We confirm our view that the cash rate will increase by 50 basis points next week – global interest rates have risen further and the cash rate is still below the RBA’s estimate of neutral. Read more…
Markets The core bond relief couldn’t even last for a full day. The most eyepopping move occurred in UK markets, where the 2y yield at some point fell almost 40 bps but eventually closed 7.7 Read more…
USD/JPY: On the H4 chart, price has pushed through very strongly through the 1st support at 142.574 where the 78.6% Fibonacci line lies. Price has tapped and looks to be consolidating below the 1st resistance Read more…
Daily Pivots: (S1) 0.6395; (P) 0.6454; (R1) 0.6494; More… AUD/USD’s down trend continues today and hits as low as 0.6379 so far. Intraday bias stays on the downside. Next target is 100% projection of 0.7660 Read more…
Risk-off sentiment dominates Asian markets today, as the Chinese Yuan’s free fall accelerates. The steep depreciation could limit the room for the government to ease monetary policy further to help the economy that’s still troubled Read more…
Australia retail sales turnover rose 0.6% mom to AUD 34.88B in August, slightly above expectation of 0.5% mom. That’s the eighth consecutive monthly increase. Ben Dorber, head of retail statistics at the ABS, said: “This Read more…
UK BRC shop price index accelerated from 5.1% yoy to 5.7% yoy in August, another record increase since the index began in 2005. Food inflation surged from 9.3% yoy to 10.6% yoy. Non-food inflation also Read more…