Daily Pivots: (S1) 1.0047; (P) 1.0120; (R1) 1.0160; More… EUR/USD’s fall from 1.0368 resumed by breaking through 1.0121. Intraday bias is back on the downside for retesting 0.9951 low first. Firm break there will resume Read more…
In volume term, UK retail sales rose 0.3% mom in July, better than expectation of -0.2% mom. Ex-auto sales rose 0.4% mom. Comparing to a year ago, retail sales dropped -3.4% yoy while ex-auto sales Read more…
The Norwegian central bank raised the interest rates by 50bp yesterday and said that there will be a similar move in September, to tackle the soaring inflation in Norway. The Philippines hiked by 50bp as Read more…
Market movers today It will be a very quiet day on the data front today with only UK retail sales and German PPI of interest. The 60 second overview Norway: Norges Bank (NB) goes ‘front-loaded’ Read more…
UK Gfk consumer confidence dropped from -41 to -44 in August, hitting another record low. Personal financial situation over the next 12 months dropped from -26 to -31. General economic situation over the next 12 Read more…
New Zealand goods exports rose 16% yoy to NZD 6.7B in July. Goods imports rose 26% yoy to NZD 7.8B. Trade deficit came in at NZD -1.1B, comparing expectation of NZD 105m surplus. China led Read more…
Japan headline CPI rose from 2.4% yoy to 2.6% yoy in July, above expectation of 2.2% yoy. CPI core (all items ex-fresh food) rose from 2.2% yoy to 2.4% yoy, matched expectations. CPI core-core (all Read more…
St. Louis Fed President James Bullard told WSJ, “we should continue to move expeditiously to a level of the policy rate that will put significant downward pressure on inflation” and “I don’t really see why Read more…
Kansas City Fed President Esther George said yesterday that “the case for continuing to raise rates remains strong” and “the direction is pretty clear”. But, “the question of how fast that has to happen is Read more…
Key insights from the week that was. The strength of the Australian labour market was a key talking point this week as the unemployment and underemployment rates reached new multi-decade lows of 3.4% and 6.0% Read more…