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Hang Seng Index (HSI) Rallies on China Stimulus While AUD Finds Support on CPI Data

October 25, 2023

The Hang Seng index galloped to higher ground on Beijing’s measures to lift the economy and sentiment. Could this be a turning point for the …

Central Banks

RBA rate hike incoming on November 7 – will they hike again in December?

October 25, 2023

The inflation data earlier today has made a November 7 rate hike very likely from the Reserve Bank of Australia. Australian Q3 2023 Headline CPI …

Central Banks

Commonwealth Bank of Australia forecast a 25bp RBA rate hike on November 7

October 25, 2023

Via CBA, their outlook for the Reserve Bank of Australia: CPI stronger than expected – RBA to hike the cash rate in November The headline …

Central Banks

European Central Bank President Lagarde is speaking Wednesday (Powell too!)

October 25, 2023

Coming up at 1700 GMT, which is 1300 US Eastern time, ECB President Christine Lagarde will speak at an official dinner of Bank of Greece …

Central Banks

Hong Kong to cut home purchase tax by 50%

October 25, 2023

Hong Kong will cut its home buying tax by half to 7.5%. Info via local media. — Chinese mainland and Hong Kong stocks have been …

Central Banks

Australia – Demand for luxury supercars “through the roof”

October 25, 2023

This in the local media (The Australian) in Australia on the day that the data shows surging inflation and pricing for an RBA rate hike …

Central Banks

WSJ’s Fed insider Timiraos says most think FOMC has made its last rate increase

October 25, 2023

Nick Timiraos of the Wall Street Journal is the one to watch for Federal Reserve information, especially during a blackout period. If there is anything …

Central Banks

ANZ forecasts a 25bp RBA interest rate hike on November 7 (previous forecast was December)

October 25, 2023

ANZ were previously forecasting a 25bp hike in December but have dragged it forward to November. +25bp on November 7 to take the cash rate …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1785 (vs. estimate at 7.3213)

October 25, 2023

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to …

Central Banks

Australia – market is rapidly pricing in a November rate hike after surging inflation data

October 25, 2023

The Australian inflation data was ugly, higher than Q2 and higher than expectations. Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected) AUD/USD jumped …

Central Banks

AUD/USD jumped higher on Australian inflation data, November 7 rate hike is likely now.

October 25, 2023

The data is here: Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected) TL;DR is of higher than expected inflation data from Australia. Right …