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RBA’s Kent pays lip service to ‘further tightening may be required’ to slow inflation

October 11, 2023

The speech by Christopher Kent, Assistant Governor (Financial Markets) at the Reserve Bank of Australia is titled “Channels of Transmission’ (link to full text) He …

Central Banks

ICYMI:WSJ Fed insider says higher bond yields are likely to result in extended FOMC pause

October 11, 2023

The Tuesday news from the US featured this: Timiraos: Higher long-end yields likely to extend Fed pause In which WSJ Fed whisperer Nick Timiraos said …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2842 – Reuters estimate

October 11, 2023

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …

Central Banks

A big Wednesday coming up in the US – Inflation data (September PPI) and FOMC minutes

October 11, 2023

US September is PPI due on Wednesday at 8.30am US Eastern time. I posted a preview yesterday: Inflation indicators coming up later this week in …

Central Banks

Fed’s Daly says we have more work to do, inflation is still high

October 10, 2023

Did she not get the memo? Timiraos: Higher long-end yields likely to extend Fed pause Daly speaking Decline in goods inflation has been an easy …

Central Banks

Japan media ICYMI – Bank of Japan considering raising its inflation outlook to nearly 3%

October 10, 2023

The Bank of Japan is considering raising its inflation outlook for the current business year to next March, from 2.5% at present to near 3%. …

Central Banks

MUFG says high yields have led to signalling from Fed officials of a pause

October 10, 2023

Yields have come off since the weekend with the horrific events in Israel prompting a move to US Treasuries: Forexlive Americas FX news wrap: US …

Technical Analysis

USDJPY tilt is a little more to the downside in the short term, but sellers are on alert

October 10, 2023

The USDJPY moved higher into the US session today, and in the process moved between the 100-hour MA (blue line at 148.83) and the 200-hour …

Central Banks

Economic calendar in Asia 11 October 2023 – Reserve Bank of Australia speech

October 10, 2023

The speech by Christopher Kent, Assistant Governor (Financial Markets) at the Reserve Bank of Australia is titled “Channels of Transmission’ and will be of note …

Central Banks

Fed’s Kashkari: Inflation is headed down

October 10, 2023

Kashkari is speaking on a moderated panel, so more comments could tick in. I’m optimistic we can shrink the Fed’s balance sheet back to pre-crisis …

Sentiment

Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.

October 10, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian …