Mid tier release alert Heads up for the only notable data releases scheduled on today’s economic calendar, with the two bolded releases the mid tier ones to keep an eye on:
April to June CPI due at 0130GMT on 25 July 2018, headline and core (trimmed mean and weighted median) For the ‘headline’ For the y/y headline rate For the ‘trimmed mean’ (the measure the RBA pays most heed to – the ‘core’ inflation figure where the RBA target band is 2 -3%)
I posted previews of the Australian second quarter 2018 inflation data earlier here: As to my question in the headline, unless there is some sort of surprise / shock result in the data I reckon, no … implications for the AUD, rates and the RBA will be light if its an as expected result.
Australia CPI for Q2 2018 data is due at 0130 GMT. Previews posted already: Just rounding up some of the other previews, this in brief via: TD: Monthly ‘headline’ inflation popped in April then flat-lined in May and June, and so we expect
An interview with Goldman Sachs senior investment strategist Abby Joseph Cohen on Bloomberg overnight This an ICYMI: – adds that valuation of the S&P 500 index is More:
Nikkei in Japan report citing “five key BOJ watchers” Nikkei goes on to quote the five analysts, none of them looking for action on Tuesday next week from the Bank. ForexLive
Strap yourselves in ladies and gentlemen: as pointed out yesterday the with a planned buying operation People’s Bank of China with the onshore yuan reference rate for the day
The technical term is hump day options, of course EUR/USD – 1.1700 EUR 927m – 1.1750 1.0bn USD/JPY – 109.85 $ 400m – 111.84 400m – 111.90 402m AUD/USD – 0.7400 AUD 680m USD/CAD
President Trump tweeted out his sneak preview of the Wednesday talks with President of the European Commission Jean-Claude Juncker You may recall the TPP was ready for free trade but President Trump pulled the US out of the agreement. Let’s hope he has better luck with the EU today.
Front-page commentary in the national securities newspaper (sponsored by Xinhua News Agency) – China will maintain prudent monetary policy – Will be more flexible in implementing policy to keep balance between economic growth and structural deleveraging