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ForexForexLive

What are the main events for today?

EUROPEAN SESSION In the European session, we don't have much on the agenda other than a couple of low-tier releases like the Eurozone current account and Italian construction output. The data won't change anything for the ECB, so the market reaction will likely be muted. AMERICAN SESSION In the American session, we get the US industrial production data but it's not going to change anything for…

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UK retail sales unexpectedly rise in August, backed by recovery in department stores, non-store retailers

UK August retail sales +0.5% vs -0.2% m/m expected Prior -0.5% UK August retail sales +2.4% vs +1.9% y/y expected Prior +1.6%; revised to +1.2% UK August retail sales (ex autos, fuel) +0.6% vs -0.2% m/m expected Prior -0.9% UK August retail sales (ex autos, fuel) +2.7% vs +1.9% y/y expected Prior +2.3%; revised to +1.8% The breakdownThat's a considerable beat on retail sales, with a modest rise…

ForexForexLive

investingLive Asia-Pacific market news: BoJ hike and RBA hawkish tilt

Yen weakens on BoJ hike as two dissents temper hawkish read Alt headlines: Bank of Japan (BOJ) raises policy rate by 25bp, as expected Re Airbus, Pratt & Whitney: French airline has grounded a newly upgraded aircraft Goldman keeps $5,400 gold forecast intact despite Fed hike UBS sees two more RBA hikes to 4.85% terminal rate after Bullock's comments Bullock: RBA weighing whether policy is tight…

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Japan August inflation: Headline CPI 1.9% y/y (expected 2%)

Just the data here, I'll have more to come on this separately. August y/y headline CPI 1.9% expected 2.0%, prior 1.9% CPI Ex-Food and Energy (AKA core-core CPI) 1.7% expected 2.0%, prior 1.8% Ex-Food CPI (AKA core CPI) 1.7% expected 1.8%, prior 1.8% Background: Preview: BoJ rate hike bet stays intact as Japan awaits August CPI Still to come: Preview: BoJ set to hike rates today, focus turns to…

ForexForexLive

New Zealand data, food price inflation in August same as in July

New Zealand August data. Trade Balance -1349mn Annual Trade Balance -5.44bn Imports 8bn Exports 6.66bn Prior 7.22bn --- Food Prices (y/y) 1.9% for the m/m +0.3% This article was written by Eamonn Sheridan at investinglive.com.

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