Central Banks BoA have hiked their forecasts for Japanese inflation – core CPI above 2% through 2025 Yesterday we had Japanese firms forecasting above-target inflation out for 5 years: Firms expect the CPI still above 2% target in 5 years BoA, too, …
Central Banks RBA policy decision due Tuesday, 3 October 2023 (Sydney time) – “a certain hold” Posted onOctober 2, 2023 The Reserve Bank of Australia statement is due at 2.30pm Sydney time: 0330 GMT, 2330 US Eastern time Westpac expects: We retain our call that …
Central Banks Nomura forecasts EUR/USD to 1.02, toward parity is “very possible” if oil price stays firm Posted onOctober 2, 2023 Nomura analyst speaking with Bloomberg TV on Monday: EUR/USD towards 1.02 & towards parity is very possible as long as oil prices don’t find a …
Central Banks ICYMI – Pershing Square’s Ackman said the US economy beginning to slow, & the Fed is done Posted onOctober 2, 2023 Ackman was interviewed on CNBC. He has been more in the spotlight recently since his great call on bonds a few months back: Bill Ackman …
Central Banks Economic calendar in Asia Tuesday, 3 October 2023 – RBA monetary policy decision Posted onOctober 2, 2023 China remains closed for its week-long holiday. The Reserve Bank of Australia is widely expected to hold the cash rate unchanged and sound a hawkish …
Technical Analysis GBPUSD trades to a new session low and looks to test the 38.2% retracement Posted onOctober 2, 2023 The GBPUSD is trading to a new session low as the clock ticks toward the end of day. in the process, the price is ticking …
Technical Analysis NZDUSD is lower on day, but moves toward an equilibrium level defined by 100/200 bar MA Posted onOctober 2, 2023 The NZDUSD is trading within a value area with a high value area between 0.5985 – 96 on the top side, and 0.5879 – 94 …
Central Banks More from Barr: There seems to be the right kind of slowing in housing Posted onOctober 2, 2023 Goods and housing services inflation is on the right path, downward The amount of credit tightening we are seeing is less than what I feared …
Central Banks Atlanta Fed GDPNow 3Q growth estimate remains unchanged at 4.9% Posted onOctober 2, 2023 The Atlanta Fed GDPNow growth estimate for 3Q models 4.9%. That is unchanged from September 29. In their own words: The GDPNow model estimate for …
Central Banks Feds Barr: We are at a point where we can proceed carefully on monetary policy Posted onOctober 2, 2023 FOMC member Barr is on the wires saying: Fed is at a point where we can proceed carefully on monetary policy. Most important question is …
Technical Analysis Dow Industrial Average is leading the way to the downside. S&P now negative. Posted onOctober 2, 2023 The Dow industrial average is now down -268 points or -0.80% at 33238.91. The S&P index is also negative by -26.54 points are -0.62% at …