Mr_J__fx

Mr_J__fx

ECONOMICS:USGDPQQ 2.8% Q3/2024 source: U.S. Bureau of Economic Analysis -The US economy expanded an annualized 2.8% in Q3 2024, below 3% in Q2 and forecasts of 3%, the advance estimate from the BEA showed. Personal spending increased at the fastest pace since Q1 2023 (3.7% vs 2.8% in Q2), boosted by a 6% surge in consumption of goods (6% vs 3%) and a robust...

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ECONOMICS:EUGDPQQ 0.4% Q3/2024 source: EUROSTAT - The Eurozone GDP expanded 0.4% on quarter in the three months to September 2024, the strongest growth rate in two years, following a 0.2% rise in Q2 and above forecasts of 0.2% The German economy expanded 0.2%, surprisingly avoiding a recession, after a downwardly revised 0.3% decline in Q2. GDP growth also...

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ECONOMICS:CNGDPYY Q3/2024 source: National Bureau of Statistics of China -The Chinese economy expanded 4.6% YoY in Q3 of 2024, compared with market forecasts of 4.5% and a 4.7% rise in Q2. It marked the slowest annual growth rate since Q1 2023, amid persistent property weakness, shaky domestic demand, deflation risks, and trade frictions with the West. The...

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ECONOMICS:JPIRYY 2.5% (September/2024) source: Ministry of Internal Affairs & Communications - The annual inflation rate in Japan fell to 2.5% in September 2024 from 3.0% in the prior month, marking the lowest reading since April. Electricity prices increased the least in three months as the impact of energy subsidy removal in May waned (15.2% vs. 26.2% in...

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ECONOMICS:EUINTR (October/2024) source: European Central Bank - The ECB lowered its three key interest rates by 25 bps in October 2024, as expected, following similar moves in September and June. The deposit facility, main refinancing operations, and marginal lending facility rates will now be 3.25%, 3.40%, and 3.65%, respectively. This decision stems from an...

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ECONOMICS:GBIRYY 1.7% source: Office for National Statistics -Annual inflation rate in the UK fell to 1.7% in September 2024, the lowest since April 2021, compared to 2.2% in each of the previous two months and forecasts of 1.9%. The largest downward contribution came from transport (-2.2% vs 1.3%), namely air fares and motor fuels. Fares usually reduce in...

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ECONOMICS:CNIRYY Inflation Data (September/2024) source: National Bureau of Statistics of China -China’s annual inflation rate stood at 0.4% in September 2024, below market forecasts and August’s figure of 0.6%. This was the 8th month of consumer inflation but was the lowest print since June, highlighting the need for more policy support from Beijing to...

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ECONOMICS:USIRYY US Inflation Rate Slows Less Than Expected source: U.S. Bureau of Labor Statistics -The annual inflation rate in the US slowed to 2.4% in September, the lowest since February 2021 but surpassing market expectations of 2.3%. Compared to the previous month, the CPI increased by 0.2%, the same as in August. Meanwhile, annual core inflation...

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ECONOMICS:EUIRYY (Eurozone Inflation Data; September/2024) source: EUROSTAT - Annual inflation rate in the Eurozone fell to 1.8% in September 2024, the lowest since April 2021, compared to 2.2% in August and forecasts of 1.9%, preliminary estimates showed. Inflation is now below the ECB target of 2%. Prices fell much more for energy (-6% vs -3%) and inflation...

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ECONOMICS:USINTR - The Federal Reserve lowered its benchmark interest rate by 50bps to 4.75%-5% in light of the progress on inflation and the balance of risks. It is the first rate cut since March 2020 after holding it for more than a year at its highest level in two decades. Will Feds decision of cutting 50bps tumble the markets in spite of fear for U.S and...

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ECONOMICS:GBIRYY CPI Data (August/2024) 'UK Inflation Rate Steady at 2.2%' source: Office for National Statistics - Annual inflation rate ( ECONOMICS:GBIRYY ) in the UK steadied at 2.2% in August 2024, the same as in July, and in line with expectations. The largest upward contribution came from air fares while the biggest downward contributions came from...

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- The European Central Bank cut the key deposit interest rate by 25bps to 3.5% as expected, after a similar reduction in June, and a pause in July, reflecting an updated inflation outlook and better transmission of policy. At the same time, the interest rates on the main refinancing operations and the marginal lending facility were lowered to 3.65% and 3.90%...

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- The annual inflation rate in the US slowed for a 5th consecutive month to 2.5% in August, the lowest since February 2021 and below market expectations of 2.6%. Compared to the previous month, the CPI rose 0.2%, the same as in July, and matching forecasts. Meanwhile, annual core inflation steadied at an over 3-year low of 3.2% but the monthly gauge edged up to...

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- China's annual inflation rate edged up to 0.6% in August 2024 from 0.5% in July, falling short of market forecasts of 0.7%. Still, it was the highest print since February, marking the 7th straight month of consumer inflation amid supply issues due to flaming heat and pouring rains. Food prices rose for the first time since June 2023, with their rate of...

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$YSNFP (AUGUST/2024) US Economy Adds Fewer Jobs Than Expected source: U.S. Bureau of Labor Statistics - The US economy created 142K jobs in August, more than downwardly revised 89K in July but below market expectations of 160K. Most job gains occurred in construction and health care while manufacturing employment declined. Meanwhile, the jobless rate edged...

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ECONOMICS:USJO U.S Job Openings Down to 2021-Lows source: U.S. Bureau of Labor Statistics The number of Job Openings fell by 237K to 7.673 million in July 2024, the lowest level since January 2021, compared to a downwardly revised 7.91 million in June, and well below market forecasts of 8.1 million. Job openings decreased the most in health care and social...

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The Dollar Index TVC:DXY has breached a pretty serious level ; the bottom range bound which has previously acted as strong support for TVC:DXY to bounce. Will this time be the same and this will result in a fake-out? Or will TVC:DXY headed lower, re-visiting pre-pandemic levels? Check out the previous released ideas linked below for more in depth...

Mr_J__fx Updated 

- The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose at their recent monetary policy committee meeting. The bank made the shock decision to raise borrowing costs a half percentage point, taking the official rate to 5% ; double the size of the increase anticipated by most economists. BoE hiking interest rates to 5% , it adds...