Mr_J__fx

Mr_J__fx

- 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...

Mr_J__fx

- 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...

Mr_J__fx

$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...

Mr_J__fx

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...

Mr_J__fx

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...

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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...

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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...

Mr_J__fx

ECONOMICS:CNGDPQQ (Q2/2024) - The Chinese economy expanded 4.7% yoy in Q2 2024, missing market forecasts of 5.1% and slowing from a 5.3% growth in Q1. It was the weakest advance since Q1 2023, amid a persistent property downturn, weak domestic demand, falling yuan, and trade frictions with the West. In June, retail sales rose the least in near 1-1/2 years...

Mr_J__fx Updated 

Dollar Index TVC:DXY on the cusp of making a major move TA speaking ; (100.8 or 110) - To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh). - Either falling off a cliff headed in to re-visiting Range Bottom of 100.82...

Mr_J__fx Updated 

- Awaiting CPI# numbers readings for ECONOMICS:USIRYY on August 10th (today) post US being Down-Graded to AA +. While on the 9th of August ECONOMICS:CNIRYY came deflationary on the other side of the world Consensus sits at 3.1% (0.1% increase) and some to 0.3% increase at 3.3% for ECONOMICS:USIRYY Economists forecast Inflation rising up again on a steady...

Mr_J__fx Updated 

source: EUROSTAT The inflation rate in the Euro Area declined to 2.9% year-on-year in October 2023, reaching its lowest level since July 2021 and falling slightly below the market consensus of 3.1% . Meanwhile, The Core Rate, which filters out volatile food and energy prices, also cooled to 4.2% in October; marking its lowest point since July 2022. However,...

Mr_J__fx Updated 

ECONOMICS:GBGDPQQ Great Britain officially entered in Recession due to Two Consecutive Negative Quarters. The British economy contracted 0.3% on quarter in Q4 2023, following a 0.1% decline in Q3, worse than market forecasts of a 0.1% fall, preliminary estimates showed. The economy entered recession amid a broad-based decline in output, namely in services...

Mr_J__fx Updated 

ECONOMICS:JPINTR -0.1% November/2023 The Bank of Japan (BoJ) maintained its key short-term interest rate at -0.1% and that of 10-year bond yields at around 0% in a final meeting of the year by unanimous vote, as widely expected. The central bank also left unchanged a loose upper band of 1.0% set for the long-term government bond yield. The board said that it...