- Economic data coming up in the European sessionon October 26, 2021 at 4:51 am
Another near empty calendar day beckons in Europe The dollar is sitting more mixed on the day as it keeps a light advance against the yen - as is the rest of the major currencies bloc - while sitting slightly weaker against the aussie and kiwi amid firmer risk sentiment on the day.
- Risk keeps in a good spot ahead of European tradingon October 26, 2021 at 4:32 am
US futures pointing higher on the day Wall Street showed little fear in trading yesterday as Tesla posted a stunning day, gaining sharply after Hertz said it would order 100,000 electric cars by the end of next year.
- ForexLive Asia FX news wrap: AUD/JPY ticks higheron October 26, 2021 at 2:59 am
Forex news for Asia trading on Tuesday 26 October 2021 It was a day of not a lot of notable news nor data. The Australian dollar chopped around while overall gaining ground while USD/JPY was a bit more of a steady move upwards. Neither of the ranges for these two pairs was overly large, but on a session so far where nothing much
- New Zealand data due Wednesday 27 October - business confidence and activityon October 26, 2021 at 2:31 am
ANZ in New Zealand business survey flash results for October showed lower confidence but higher activity: ANZ business confidence for October, preliminary: -8.6 (prior -7.2)
- AUD/USD swinging about, iron ore prices in China alsoon October 26, 2021 at 1:50 am
Correlation is not causation and all that ... yep. Iron ore futures in Dalian had opened up circa 1% in morning trade which seemed to give a tailwind the Australian dollar., They've since dropped into negative, and AUD is slipping from its highs now.
- Australian Q3 inflation data due Wednesday 27 October 2021 - previewon October 26, 2021 at 1:25 am
Australian Consumer Price Index (CPI) for the July to September quarter is due at 0030 GMT. Headline The RBA target band for core inflation is sustainably in a 2 to 3% band. You can see its (trimmed mean) is not within that band at present and tomorrow's data is not expected there either.
- China's vice-premier Liu He spoke with US Treas Sec Yellenon October 26, 2021 at 1:13 am
China's Commerce Ministry said the two spoke on October 26 more to come
- China's state planner says working to stabilise the price of coal over the longer termon October 26, 2021 at 12:56 am
The National Development and Reform Commission of the People's Republic of China (NDRC) is the state planner In a statement says it is studying mechanisms to stabilise coal prices in the long term.
- Elon Musk tweets seeing strong inflationary pressure in short termon October 26, 2021 at 12:34 am
Speaking in his role as Tesla head If Musk's thoughts on inflation pressures are indicative of others in corporate USA (I suspect they very much are) I don't know how much longer the Fed can keep ignoring inflation.
- China power shortages - fear of global car production halt within weekson October 26, 2021 at 12:18 am
Power shortages in China, specifically in Shaanxi and Shanxi provinces, are leading to shortages of magnesium. Those two provinces are the world's main magnesium production hubs
- Indicator of Australian Business Confidence +10.2% in Octoberon October 25, 2021 at 11:59 pm
This from the Roy Morgan Business Confidence survey for October 2021 The report cites: This is not a market-moving data release (it was out Monday) but nevertheless it all goes into the mix - and this is a good result.
- Japan PPI for September 0.9% y/y (vs. expected 1%, prior 1%)on October 25, 2021 at 11:52 pm
Producer Price Index is inflation at a business-to-business level (in a nutshell). It is also known as the Corporate Goods Price Index, which is probably a better indication as to what it is.
- More on South Korea is to temporarily cut fuel taxes (from November 12)on October 25, 2021 at 11:28 pm
News from here last week: South Korea is to temporarily cut fuel taxes Further details coming now, start date is November 12 (info via Yonhap - South Korea media)
- South Korean Q3 economic growth slowed - weaker domestic economyon October 25, 2021 at 11:13 pm
Data from SK for July to September quarter Q3 gdp s/adj +0.3% q/q (Reuters poll +0.6%, prior +0.8%) - +4.0% y/y (Reuters poll +4.2%, prior +6.0%)
- Goldman Sachs wary of a further rally in USD/JPY beyond 116on October 25, 2021 at 10:45 pm
Goldman Sachs is not looking for too much higher for the US dollar against the yen. GS commentary comes via eFX: