Forex News
Retail Trade – September 2013
Retail trade rose by a robust 0.8% in September, well above market expectations which centred on a rise of 0.4% {CBA (f)+0.3%}. It was the largest monthly rise since February’s 1.2% result.
JPY Mid-day Analysis
A sharp turnaround from overnight highs may not bode well for the Yen this morning, as the loss of safehavensupport is starting to take its toll on prices heading into the weekend.
Norway: Another increase in registered unemployment
• Registered unemployment increased again • Against our expectations, household credit growth increased in September • Today’s figures confirm a slowing – but so far not more than forecast by Norges Bank
Macro Viewpoint: Swedish PMI weakens
Following the strong upturn in previous month, the Swedish PMI turned down in October. The downturn was bigger than expected.
House Prices – October 2013, Producer Price Index – QIII 2013
* The RP Data-Riskmark reported that Australian dwelling prices in the eight capital cities rose by 1.3% in October.
Canadian August GDP Rises More than Expected
August 2013 gross domestic product (GDP) rose 0.3% relative to expectations of a 0.1% gain in the month.
US Initial Jobless Claims Dropped in the Week Ending October 26
US initial claims dropped 10,000 to 340,000 in the week ending October 26, 2013. This built on a 12,000 drop to 350,000 the previous week.
Economy Watch – It’s Business Time
While the nation’s central bank remains flexible on the timing of next year’s interest rate hikes, a rating agency maintains NZ’s AAA credit rating,
Building Approvals, Credit – September 2013, Trade Prices – QIII 2013
The number of residential building approvals spiked by a solid 14.4% in September, battering market expectations of a2.8% rise {CBA (f) +6.0%}.
This Time Around, the FOMC Did Deliver… the Uneventful Communiqué Everybody Was Expecting
The Federal Open Market Committee today kept the target range for the federal funds rate unchanged at 0.0% to 0.25%.
US FOMC Left Fed Funds Target Unchanged and Maintained Size of Monthly Purchase Program
The Federal Open Market Committee (FOMC) maintained the size of its securities purchase program at $40 billion of agency mortgage-backed securities (MBS) and
Tapering is on hold, not off – FOMC statement
The FOMC today signalled that tapering of the central bank’s asset purchases is just on hold, and not off, in line with our expectations.