Week Ahead – Inflation Data May Keep Pound in the Firing Line, China GDP on Tap

Inflation will dominate the market theme again in the coming week as, after the United States, it will be the turn of others to face their inflation demons. With the risk of recession growing by the day but not a lot changing with the inflation dynamics, UK CPI figures will attract the most attention, while […]

Will Q3 NZ Inflation Affect the Hawkish RBNZ?

New Zealand’s CPI inflation readings for the third quarter will make headlines on Monday at 21:45 GMT. Estimates suggest that growth in consumer prices slowed down, though unlike its Australian peer, the RBNZ has poured cold water on dialing back plans for aggressive rate hikes. Nevertheless, some volatility in the kiwi cannot be ruled out if any surprises spark […]

Canadian Core Inflation Likely Grew Again in September

Canadian inflation will dominate the data calendar next week. The backward-looking September CPI numbers should confirm that current price pressures are still too high and broadly based to take the Bank of Canada off its rate hiking path. The central bank’s business and consumer outlook surveys will also be scrutinized for any changes in future […]

Week Ahead – Earnings Season Heats Up

US After a hot inflation report, the focus shifts to how policymakers will change their tune on how aggressive the Fed should now be. On Tuesday, we will hear from the Fed’s Bostic and Kashkari. Wednesday contains the release of the Beige Book and an appearance by Kashkari again, as well as speeches from Evans […]

The Weekly Bottom Line: Looking for Silver Linings

U.S. Highlights This week’s Consumer Price Index report was another disappointing print, as inflation continues to be stubbornly high. Not all of it was bad news as core goods price inflation continued to moderate in September. Tighter financial conditions, improving supply chains, and eroding disposable incomes should work to weigh on demand and help the […]

Weekly Economic & Financial Commentary: Inflation Is the Name of the Game

Summary United States: Inflation Is the Name of the Game Thursday’s highly anticipated Consumer Price Index report surprised to the upside. Headline CPI rose 0.4% in September, and core CPI increased 0.6%. Even with some easing on a year-ago basis, the details of the report suggest inflation still has plenty of momentum and remains broad-based. […]

Forex and Cryptocurrency Forecast

EUR/USD: Market, Are You Crazy? Throughout the first half of the week, EUR/USD moved sideways along the 0.9700 horizon as markets waited for the release of US inflation data. And it was on Thursday, October 14 that the Department of Labor Statistics of the country published fresh values of the Consumer Price Index (CPI), which […]

Chinese Zero-COVID-19 Policy Remains in Place

Market movers today We kick off the week with a thin key figures calendar. In the US, we get the Empire manufacturing PMIs. In Sweden, Moderate leader Ulf Kristersson will face the PM vote today at 11.00 CET. Markets’ focus will circle on politics this week with the EU council meeting on Thursday, where an […]

The British Currency Finds Some Relief in Asian Dealings

Markets Kwarteng’s sacking on Friday triggered a core bond relief rally with UK Gilts outperforming. Prime minister Truss appointed Jeremy Hunt as his successor and gave a press conference later in which she dropped an £18bn corporate tax cut plan. But it did little to convince markets fundamentally. UK bond yields bottomed, erased previous losses […]

UK Inflation Set to Hit Double Digits Again Amid Political Uncertainty

The UK has been in political disarray recently, with the UK government announcing more reversals to its fiscal plans, the chancellor of the exchequer being replaced, and Conservative lawmakers preparing to submit letters of no confidence in the new prime minister. In the midst of this political drama, on Wednesday at 06:00 GMT, data is […]