- NZD traders heads up: RBNZ Deputy Governor Hawkesby will give be speaking over the weekend
- Oil is moving higher - watch out for the Middle East weekend risk premium
- Huge social media chatter that Putin is dead (spoiler - he is not)
- US military has carried out strikes in Iran-backed targets in Syria
- US core PCE inflation indicator is due Friday - what's expected
- China September Industrial Profits +11.9% y/y
- PBOC sets USD/ CNY reference rate for today at 7.1782
- General Motors Cruise to halt self-driving operations across all fleets
- Japan chief cabinet secretary says expects BOJ to conduct appropriate monetary policy
- Australian data: Q3 PPI 1.8% q/q (prior 0.5%) 3.8% y/y (prior 3.9%)
- Chinese state media reports that China's former Premier Li Keqiang has died
- Japan Finance Minister Suzuki says excessive FX volatility is undesirable
- UBS says its way too early to begin talking about European Central Bank interest rate cuts
- Japan inflation data - Tokyo area CPI for October headline 3.3% y/y vs. 2.8% prior
- China financial press says the PBOC is likely to cut the RRR in Q4
- The conflicting data points from the US that will keep the Federal Reserve on hold
- Deutsche Bank forecasting a German double-dip recession. HSBC target EUR/USD towards 1.02
- BetFury Drops $1,000,000 for its 4th Anniversary Celebration
- JP Morgan says fair value for USD/JPY would take it closer to 152
- Morgan Stanley projects a higher US dollar through to the end of the year
- Forexlive Americas FX news wrap: Another beating for stocks even as bonds bounce
- New Zealand data: October Consumer Confidence rises to 88.1 (prior 86.4)
- How does the United States export inflation?
- Goldman Sachs have ECB rate cuts from Q3 2024 as their 'base case'
- Another horrible day as selling continues across the board. Earnings for Amazon, Intel.
- Trade ideas thread - Friday, 27 October 2023
Major FX rates tracked subdued ranges during the session here with traders content to wait on the latest inflation indication data due from the US later today (US core PCE coming up at 8.30 am US Eastern time).
Following on from the European Central Bank decision and Lagarde’s news conference on Thursday the EUR ate around 1.0560 vs. the USD. USD/JPY dribbled down a little and is just under 150.20 as I post. It hasn’t added to its highs seen above 150.70 on Thursday.
From Australia we had PPI data for Q3 showing a solid +1.8% q/q rise after just +0.5% in Q2. The Australian Bureau of Statistics cited broad-based price increases in services as one driver, which will give the Reserve Bank of Australia something else to consider heading into the November 7 meeting. AUD/USD ticked up above 0.6340.
Oil has risen on the session, up around a dollar (WTI, CL futures).
China’s September industrial profits came in at a solid rise of 11.9% y/y.
In news unrelated to FX, China’s former Premier Li Keqiang has died at 68. RIP.
