Daily Archives: September 14, 2011
Daily Economic Briefing: September 13, 2011
Global data summary • With the global recovery still struggling to reach escape velocity, policymakers are being forced to delay the handoff to the private sector as the engine of growth. Fiscal policy has reached its limit; indeed, it has either become a sizable drag on activity (UK, EMU) or a source of concern with […]
Australia: New seasonally-adjusted methodology for measuring CPI to help RBA stay on target
The Australian Bureau of Statistics (ABS) has adjusted both the trimmed mean and weighted median methodology used to measure underlying CPI inflation (the methodology for headline inflation is unchanged). Introduction of the new methodology follows the sixteenth series review of the consumer price index.
Technical Analysis: Technical Alert: Weak AUD & GPB and Scandies are still vulnerable
EURUSD & EURJPY consolidate recent losses – once done ranging, fresh lows should be expected… GBPUSD seems headed for 1.5650… AUDUSD looks staged to clear support at 0.9927 not before long… EURSEK still looks posed to try 9.1990… USDSEK also seeks clearence above the mid-6.77s…