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RBA: Tight labour market and May hike risk – TD Securities
TD Securities’ Global Strategy Team argues the Reserve Bank of Australia will view January’s labour data as confirmation of a still-tight market. Full-time jobs rose strongly and unemployment stayed below the RBA’s latest forecast.
Fxstreet
Thu, Feb 19
Ireland Consumer Price Index (MoM) declined to -0.9% in January from previous 0.5%
Ireland Consumer Price Index (MoM) declined to -0.9% in January from previous 0.5%
Fxstreet
Thu, Feb 19
Ireland HICP (YoY) below expectations (2.6%) in January: Actual (2.5%)
Ireland HICP (YoY) below expectations (2.6%) in January: Actual (2.5%)
Fxstreet
Thu, Feb 19
Ireland HICP (MoM) meets expectations (-1%) in January
Ireland HICP (MoM) meets expectations (-1%) in January
Fxstreet
Thu, Feb 19
Ireland Consumer Price Index (YoY) declined to 2.7% in January from previous 2.8%
Ireland Consumer Price Index (YoY) declined to 2.7% in January from previous 2.8%
Fxstreet
Thu, Feb 19
Spain 3-y Bond Auction declined to 2.273% from previous 2.341%
Spain 3-y Bond Auction declined to 2.273% from previous 2.341%
Fxstreet
Thu, Feb 19
Spain 5-y Bond Auction rose from previous 2.512% to 2.577%
Spain 5-y Bond Auction rose from previous 2.512% to 2.577%
Fxstreet
Thu, Feb 19
Spain 10-y Obligaciones Auction: 3.167% vs previous 3.223%
Spain 10-y Obligaciones Auction: 3.167% vs previous 3.223%
Fxstreet
Thu, Feb 19
Fed: Limited scope for major cuts in balance sheet – NBC
National Bank of Canada’s Taylor Schleich and Ethan Currie argue that, under current regulations, the Federal Reserve has limited room for major further reductions in its balance sheet, now around $6.5 trillion after prior QT.
Fxstreet
Thu, Feb 19
Eurozone Current Account s.a came in at €14.6B, above forecasts (€9.2B) in December
Eurozone Current Account s.a came in at €14.6B, above forecasts (€9.2B) in December
Fxstreet
Thu, Feb 19
Eurozone Current Account n.s.a: €34.6B (December) vs €12.6B
Eurozone Current Account n.s.a: €34.6B (December) vs €12.6B
Fxstreet
Thu, Feb 19
USD: Fed minutes keep hikes on table – Danske Bank
Danske Bank’s Danske Research Team reports that FOMC minutes showed policymakers generally expect US inflation to keep easing toward 2%, but with a hawkish twist as several participants flagged the possibility of further hikes if inflation stays above target.
US Dollar Index
Fxstreet
Thu, Feb 19
ECB: Political succession risks and policy outlook – Rabobank
Rabobank’s Bas van Geffen analyses reports that President Lagarde may leave the ECB early, arguing this is not required to safeguard ECB independence but could help France retain influence on the Executive Board.
Fxstreet
Thu, Feb 19
USD: Fed minutes reinforce cautious easing path – ING
ING’s Chris Turner notes that the January FOMC minutes confirmed the New York Fed checked USD/JPY rates for the US Treasury, reinforcing perceptions that Washington is comfortable with a weaker Dollar.
US Dollar Index
USD/JPY
Fxstreet
Thu, Feb 19
Indonesia Bank Indonesia Rate meets forecasts (4.75%)
Indonesia Bank Indonesia Rate meets forecasts (4.75%)
Fxstreet
Thu, Feb 19
BoE: Stickier services complicate rate-cut path – Deutsche Bank
Deutsche Bank’s Sanjay Raja argues January’s UK inflation data will be uncomfortable for the Bank of England, with services and core CPI overshooting MPC projections.
Fxstreet
Thu, Feb 19
Switzerland Trade Balance climbed from previous 1036M to 3818M in January
Switzerland Trade Balance climbed from previous 1036M to 3818M in January
USD/CHF
Fxstreet
Thu, Feb 19
Switzerland Industrial Production (YoY) dipped from previous 2.4% to -0.7% in 4Q
Switzerland Industrial Production (YoY) dipped from previous 2.4% to -0.7% in 4Q
Fxstreet
Thu, Feb 19
AUD: Cash flows surge on RBA vigilance – BNY
BNY’s EMEA Macro Strategist Geoff Yu notes that the Australian Dollar is benefiting from a sharp rise in cash and short-term (CAST) flows as markets price in further Reserve Bank of Australia tightening.
AUD/USD
Fxstreet
Thu, Feb 19
Turkey Consumer Confidence climbed from previous 83.7 to 85.7 in February
Turkey Consumer Confidence climbed from previous 83.7 to 85.7 in February
USD/TRY
Fxstreet
Thu, Feb 19
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