Mr_J__fx

Mr_J__fx

ECONOMICS:CNIRYY Inflation Data (September/2024) source: National Bureau of Statistics of China -China’s annual inflation rate stood at 0.4% in September 2024, below market forecasts and August’s figure of 0.6%. This was the 8th month of consumer inflation but was the lowest print since June, highlighting the need for more policy support from Beijing to...

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ECONOMICS:USIRYY US Inflation Rate Slows Less Than Expected source: U.S. Bureau of Labor Statistics -The annual inflation rate in the US slowed to 2.4% in September, the lowest since February 2021 but surpassing market expectations of 2.3%. Compared to the previous month, the CPI increased by 0.2%, the same as in August. Meanwhile, annual core inflation...

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ECONOMICS:EUIRYY (Eurozone Inflation Data; September/2024) source: EUROSTAT - Annual inflation rate in the Eurozone fell to 1.8% in September 2024, the lowest since April 2021, compared to 2.2% in August and forecasts of 1.9%, preliminary estimates showed. Inflation is now below the ECB target of 2%. Prices fell much more for energy (-6% vs -3%) and inflation...

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ECONOMICS:USINTR - The Federal Reserve lowered its benchmark interest rate by 50bps to 4.75%-5% in light of the progress on inflation and the balance of risks. It is the first rate cut since March 2020 after holding it for more than a year at its highest level in two decades. Will Feds decision of cutting 50bps tumble the markets in spite of fear for U.S and...

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ECONOMICS:GBIRYY CPI Data (August/2024) 'UK Inflation Rate Steady at 2.2%' source: Office for National Statistics - Annual inflation rate ( ECONOMICS:GBIRYY ) in the UK steadied at 2.2% in August 2024, the same as in July, and in line with expectations. The largest upward contribution came from air fares while the biggest downward contributions came from...

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- The European Central Bank cut the key deposit interest rate by 25bps to 3.5% as expected, after a similar reduction in June, and a pause in July, reflecting an updated inflation outlook and better transmission of policy. At the same time, the interest rates on the main refinancing operations and the marginal lending facility were lowered to 3.65% and 3.90%...

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- The annual inflation rate in the US slowed for a 5th consecutive month to 2.5% in August, the lowest since February 2021 and below market expectations of 2.6%. Compared to the previous month, the CPI rose 0.2%, the same as in July, and matching forecasts. Meanwhile, annual core inflation steadied at an over 3-year low of 3.2% but the monthly gauge edged up to...

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- China's annual inflation rate edged up to 0.6% in August 2024 from 0.5% in July, falling short of market forecasts of 0.7%. Still, it was the highest print since February, marking the 7th straight month of consumer inflation amid supply issues due to flaming heat and pouring rains. Food prices rose for the first time since June 2023, with their rate of...

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$YSNFP (AUGUST/2024) US Economy Adds Fewer Jobs Than Expected source: U.S. Bureau of Labor Statistics - The US economy created 142K jobs in August, more than downwardly revised 89K in July but below market expectations of 160K. Most job gains occurred in construction and health care while manufacturing employment declined. Meanwhile, the jobless rate edged...

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ECONOMICS:USJO U.S Job Openings Down to 2021-Lows source: U.S. Bureau of Labor Statistics The number of Job Openings fell by 237K to 7.673 million in July 2024, the lowest level since January 2021, compared to a downwardly revised 7.91 million in June, and well below market forecasts of 8.1 million. Job openings decreased the most in health care and social...

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The Dollar Index TVC:DXY has breached a pretty serious level ; the bottom range bound which has previously acted as strong support for TVC:DXY to bounce. Will this time be the same and this will result in a fake-out? Or will TVC:DXY headed lower, re-visiting pre-pandemic levels? Check out the previous released ideas linked below for more in depth...

Mr_J__fx Updated 

- The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose at their recent monetary policy committee meeting. The bank made the shock decision to raise borrowing costs a half percentage point, taking the official rate to 5% ; double the size of the increase anticipated by most economists. BoE hiking interest rates to 5% , it adds...

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The Federal Reserve left the target for the Fed Funds Rate ECONOMICS:USINTR unchanged at 5%-5.25%, as expected, but signaled rates may go to 5.6% by Year-End if the Economy and Inflation do not Slow down more. It is the first pause in the tightening campaign following ten consecutive hikes that lifted borrowing costs by 500bps to the highest level since...

Mr_J__fx Updated 

ECONOMICS:EUGDPQQ (+0.3 %) Q1/2024 source: EUROSTAT The Eurozone’s economy expanded by 0.3% in the first quarter of 2024, the fastest growth rate since the third quarter of 2022, to beat market expectations of a marginal 0.1% expansion and gain traction following muted readings since the fourth quarter of 2022. The result added leeway for the European Central...

Mr_J__fx Updated 

ECONOMICS:USGDPQQ (Q3/2023) The American Economy ( ECONOMICS:USGDPQQ ) expanded an annualized 4.9% in the Third Quarter of 2023, slightly below 5.2% in the second estimate, but matching the 4.9% initially reported in the advance estimate. It still marks the strongest growth since Q4 2021. Consumer spending rose less than initially anticipated (3.1% vs 3.6% in...

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ECONOMICS:JPIRYY (March/2024) The annual inflation rate in Japan ticked lower to 2.7% in March 2024 from February's 3-month peak of 2.8%, matching market consensus. There were slowdowns in prices of transport (2.9% vs 3.0% in February), clothes (2.0% vs 2.6%), furniture & household utensils (3.2% vs 5.1%), healthcare (1.5% vs 1.8%), communication (0.2% vs 1.4%),...

Mr_J__fx Updated 

The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ; even as data points to a deepening economic downturn in the 20 countries that use the euro.⁠ ⁠The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000. ⁠

Mr_J__fx Updated 

ECONOMICS:GBIRYY 2.3% (April/2024) source: Office for National Statistics The annual inflation rate in the UK eased to 2.3% in April 2024, the lowest since July 2021, compared to 3.2% in March and market forecasts of 2.1%. The largest downward pressure came from falling gas (-37.5% vs -26.5% in March) and electricity (-21% vs -13%) cost, due to the lowering of...