Trading news

Weekly Outlook: Oct 07 – Oct 11: US-China Trade Talks, US CPIs and Canada Jobs Data

This week, the spotlight is likely to fall on the new round of trade talks between the US and China, with investors eager to find out whether the world’s two largest economies will get closer to reaching common ground in their trade conflict. We also get the US CPIs for September, where a disappointment could increase the chances for another rate cut by the Fed at its upcoming policy gathering. Canada’s employment data is also on the agenda, and it would be interesting to see whether a soft report would raise speculation for a dovish shift by the BoC soon.

 

Monday appears to be a relatively light day in terms of economic releases and indicators.

On Tuesday, during the Asian morning, we get the NAB business survey for September. Although usually this is not a major market mover, given the RBA’s emphasis on the labor market, we prefer to pay close attention to the Labour Costs index for the month, which, in August, accelerated to +1.2% qoq from +0.9% qoq in July. At its latest meeting, the RBA decided to cut interest rates by 25bps, to a new record low of +0.75%, and reiterated that they remain prepared to ease policy further if needed. According to the...

Read the full financial markets weekly outlook on JFD Research.

JFD Review

Monday, 07 Oct, 2019 / 6:58

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.jfdbank.com/en/research/us-china-trade-talks-us-cpis-and-canada-jobs-data-20191007

Trading news

 

EU and UK Agree on a Brexit Deal, but DUP Says it Will Not Support it

The British pound and EU equity markets rallied yesterday after the EU and the [...]

Posted on Friday, 18 Oct, 2019 / 7:21 under

Strong employment data reduces chance of RBA November rate cut

By Giles Coghlan, Chief Currency Analyst at HYCM RBA The jobs data on [...]

Posted on Friday, 18 Oct, 2019 / 7:18 under

Gold is under pressure

Gold continues to move inside a downward price channel, where the asset has [...]

Posted on Thursday, 17 Oct, 2019 / 3:01 under