OctaFX | OctaFX Forex Broker
Open trading account
Back

China Oct CPI, PPI in focus - Westpac

FXStreet (Bali) - China Oct CPI and PPI at 12:30pm Syd/9:30am local will be the main risk event in Asia, notes Sean Callow, FX Strategist at Westpac.

Key Quotes

"At 11:30am Syd/8:30am Sing/HK we see Australia’s Sep housing finance data. Westpac looks for -1% m/m in total approvals, versus -0.4% median. The movement in investor loans will be noted. This report tends not to really impact AUD (compared to e.g. building approvals) as banks have industry data for guidance."

"China releases Oct CPI and PPI at 12:30pm Syd/9:30am local. Consensus is 1.6% y/y on CPI, -2% y/y on PPI (low oil prices etc). Inflation is not a barrier to monetary easing should authorities decide it warranted so there should be no market impact. China’s lending data is due any time this week. The US data calendar is quiet as usual after the employment report but we will hear from Boston Fed dove Rosengren."

IMM: Renewed momentum on EUR bearish sentiment - Scotia Bank

The CFTC report up until Tuesday Nov 4 shows renewed EUR bear sentiment, while continuing to build its USD longs to a net position to a fresh high of $45.7bn, notes the FX Team at Scotia Bank.
Read more Previous

USD/JPY: Too neutral to confirm further bear pressures - FXStreet

USD/JPY has found a double tip at 115.50, although further downward momentum is still necessary to increase downside risks short term, notes Valeria Bednarik, Chief Analyst at FXStreet.
Read more Next
Start livechat