Prior +2.8% HICP +2.4% vs +2.4% y/y prelim Prior +2.9% This article was written by Justin Low at www.forexlive.com.
Thu, 12 Sep 2024 03:00:08 -0400
Hurricane Francine tightens U.S. oil supplies, pushing natural gas and oil prices higher. Will demand concerns limit further gains?
Thu, 12 Sep 2024 02:25:38 -0400
The Bank of Japan (BoJ) board member Naoki Tamura is back on the wires on Thursday, noting that “don't have a preset idea on the pace of further rate hikes,” when asked whether the BoJ could raise rates again by year-end, or March end of the current fiscal year.
Thu, 12 Sep 2024 02:05:28 -0400
Tamura earlier called to push short-term rates to 1% by the fiscal year 2026 here. But he is toning that down a little, it would seem.
Thu, 12 Sep 2024 01:47:21 -0400
The start of commercial crude oil production in Uganda is expected to propel economic growth into double digits in the next financial year, the International Monetary Fund (IMF) said.
Thu, 12 Sep 2024 01:28:11 -0400
The dollar held its ground after the US CPI report yesterday here. It was a bit of a mixed one with some emphasis on the monthly core rising.
Thu, 12 Sep 2024 01:21:24 -0400
This is different from what majority of economists are expecting, that to be just one more rate cut this year. Goldman Sachs now sees back-to-back moves for the BOE in November and then December.
Thu, 12 Sep 2024 01:05:07 -0400
The data shows that real median rental costs increased by 3.8% last year while real median home values rose by 1.8%, via data released as part of the American Community Survey. Meanwhile, the Census Bureau data itself shows that renter households spent 31.0% of their income on housing costs at the median last year.
Thu, 12 Sep 2024 00:55:45 -0400
The Indian rupee was little changed on Thursday, holding above its lifetime low, supported by likely intervention from the Reserve Bank of India (RBI) amid weakness in most Asian currencies.
Thu, 12 Sep 2024 00:54:46 -0400
Short Term Elliott Wave view on DAX suggests that the Index is correcting cycle from 8.5.2024 low in 3, 7, or 11 swing before it resumes higher. The pullback on 8.5.2024 towards 17024.6 ended wave ((4)).
Thu, 12 Sep 2024 00:51:16 -0400
The Indian rupee appreciated by 2 paise to 83.97 against the US dollar on Thursday, supported by positive domestic equities and foreign fund inflows. The Reserve Bank of India's active intervention has kept the rupee within a well-defined range.
Thu, 12 Sep 2024 00:45:38 -0400
The stronger-than-anticipated core inflation data initially sent shockwaves through US equities overnight, sparking a deep sell-off. However, tech stocks led a remarkable recovery, with all major indexes finishing in green.
Thu, 12 Sep 2024 00:22:49 -0400
The Indian central bank was likely selling U.S. dollars on Thursday to help the rupee hold above the key support level of 84, five traders told Reuters.
Thu, 12 Sep 2024 00:06:51 -0400
ECB is widely expected to implement a 25bps rate cut today, marking the second adjustment in its current policy easing cycle. This cut would bring the deposit rate down to 3.50% and the main refinancing rate to 4.00%.
Wed, 11 Sep 2024 23:15:44 -0400
The Indian rupee is likely to be under slight pressure at the open on Thursday after resilient U.S. inflation dented hopes of the Federal Reserve opting for a large rate cut next week.
Wed, 11 Sep 2024 23:13:57 -0400
Political tensions, China's slowing economic growth, poor domestic demand, deflation, and fierce domestic competition are the backdrop to the results of this survey,
Wed, 11 Sep 2024 23:07:58 -0400
BoJ board member Naoki Tamura indicated in a speech today that the likelihood of achieving 2% inflation target sustainably is improving. As a result, the central bank needs to gradually raise interest rates to neutral levels.
Wed, 11 Sep 2024 22:49:18 -0400
Japan's corporate goods price index decelerated to 2.5% yoy in August, falling below market expectations of 2.8% yoy, marking the first slowdown in eight months. The data reflects a cooling in price pressures, which has been reinforced by a significant 7.4% appreciation in Yen during the month.
Wed, 11 Sep 2024 22:37:42 -0400
West Texas Intermediate (WTI) Oil prices remain steady, hovering around $66.80 per barrel during Thursday's Asian session. Concerns over weakened demand have offset the impact of Hurricane Francine on the United States (US) Oil production, the world's largest crude producer.
Wed, 11 Sep 2024 22:37:24 -0400
While consumer price inflation is expected to temporarily rise to 3.0% YoY in August (the data is due late next week), it is projected to decline again from September, aided by the restart of Japan's energy subsidy program.
Wed, 11 Sep 2024 22:27:31 -0400