简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Also on the data agenda were improved Industrial Profits (for June) from China as the country slowly recovers from coronavirus outbreaks and harsh restrictions.
The focus during the time zone here today was on the Australian inflation data. We only get official inflation data four times a year from Australia (and New Zealand), and todays was the info for Q2 of 2022. There is more detail in the bullets above but the summary is that while the y/y showed solid rises the q/q results were mainly as expected and are not running away to the topside. Markets were fearful that stronger than expected inflation growth would prompt a more aggressive cash rate hike from the Reserve Bank of Australia at their upcoming meeting next week (August 2, statement due at 0430 GMT that day). The CPI today looks to have locked in the long-expected 50bp rate hike and removed the likelihood of a +75bp rate hike.
Also on the data agenda were improved Industrial Profits (for June) from China as the country slowly recovers from coronavirus outbreaks and harsh restrictions.
Fresh news flow was light. Reports are that US President Biden and Chinas President Xi will speak on Thursday. It appears any tariff discussions will take a back seat to talks on Taiwan and Ukraine.
Of course, all of this is a mere placeholder ahead of the big event due Wednesday US time, the FOMC rate hike (1800 GMT) and associated press conference from Chair Powell (1830 GMT). A +75bp decision is widely expected. Full preview is here:
FOMC video preview: Watch for a subtle shift
AUD/USD lost some points after the CPI data, NZD/USD was dragged down a little alongside. GBP, EUR, CAD are all a touch better bid against the USD, albeit in not-large ranges. USD/JPY moved back above 137.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Every professional trader follows a structured approach to ensure they are well-prepared, disciplined, and able to seize opportunities with confidence. Whether you are a seasoned investor or an aspiring trader, adhering to a robust daily checklist can significantly enhance your performance. Use this checklist to check if you are a qualified trader
Interest rate changes determine currency attractiveness, influencing capital flows and exchange rate trends. Understanding this mechanism helps investors navigate the forex market effectively.
A 47-year-old housewife in Malaysia recently fell victim to an online investment scam, losing a substantial sum of RM288,235 after engaging with a fraudulent scheme advertised on Facebook.
In today’s digital age, reviews influence nearly every decision we make. When purchasing a smartphone, television, or home appliance, we pore over customer feedback and expert opinions to ensure we’re making the right choice. So why is it that, when it comes to choosing an online broker where real money and financial security are at stake many traders neglect the crucial step of reading reviews?