OctaFX | OctaFX Forex Broker
Open trading account

US CPI inflation in focus – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, note that today’s market focus will be on the release of US CPI inflation numbers for September.

Key Quotes

“The headline figure should move into deflation but core CPI is expected to be unchanged at 1.8% y/y. Yesterday's US PPI numbers were low showing deflation in the core PPI for September of -0.3% m/m. This suggests that the strong USD continues to hold down price pressure in the goods producing industry.”

“US initial jobless claims are due for release and should stay within recent ranges.”

“A number of Fed speeches today including comments from Bullard (non-voter, hawkish), Dudley (voter, dovish) and Mester (non-voter, hawkish).”

AUD: Weak labour market conditions prevail - TDS

Prashant Newnaha, Rates Strategist at TD Securities, notes that there were numerous questions surrounding how accurate today’s Sep employment report would be, and while the result was ok, the market took the outcome as weak.
Read more Previous

AUD/JPY offered at hourly 100-SMA, wavers around 87

The cross in the AUD/JPY halted its recovery mode and met fresh supply at the hourly 100-SMA located at 87.50 and witnessed a 50 pips sell-off thereon.
Read more Next
Start livechat