Market News
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United States Building Permits Change: -2.7% (August) vs previous 5%
United States Building Permits Change: -2.7% (August) vs previous 5%
United States Building Permits (MoM) came in at 1.394M, below expectations (1.41M) in August
United States Building Permits (MoM) came in at 1.394M, below expectations (1.41M) in August
United States Philadelphia Fed Manufacturing Survey came in at 37.8, above forecasts (30.5) in September
United States Philadelphia Fed Manufacturing Survey came in at 37.8, above forecasts (30.5) in September
United States Initial Jobless Claims registered at 196K, below expectations (208K) in September 11
United States Initial Jobless Claims registered at 196K, below expectations (208K) in September 11
United States Initial Jobless Claims 4-week average dipped from previous 206KÂ to 203.25K in September 11
United States Initial Jobless Claims 4-week average dipped from previous 206KÂ to 203.25K in September 11
United States Housing Starts Change up to -2.6% in August from previous -12.4%
United States Housing Starts Change up to -2.6% in August from previous -12.4%
Canada Raw Material Price Index above expectations (0.7%) in August: Actual (3.1%)
Canada Raw Material Price Index above expectations (0.7%) in August: Actual (3.1%)
Canada Industrial Product Price (MoM) registered at 1.3% above expectations (0%) in August
Canada Industrial Product Price (MoM) registered at 1.3% above expectations (0%) in August
Bank of Japan: Market-priced hike to 1.25% – Danske Bank
Danske Research Team expects the Bank of Japan to raise its policy rate to 1.25%, a move they say is largely priced in as market expectations tightened in recent weeks.
British Pound weakens against Japanese Yen as BoE leaves rates unchanged
GBP/JPY trades under pressure on Thursday as the British Pound weakens across the board following the Bank of England’s (BoE) latest monetary policy announcement. At the time of writing, the cross trades around 208.23, down 0.40% on the day.
Federal Reserve: Hawkish path extends into year-end – Commerzbank
Commerzbank’s FX Research team, including Charlie Lay and colleagues, highlight a hawkish shift from the Federal Reserve as it raised the Fed funds target range by 25bp to 3.75–4.00%. The updated dot plot points to another hike this year and higher rates through 2028.
Euro jumps against British Pound as BoE leaves rates on hold
The Euro (EUR) rallies on Thursday as the British Pound (GBP) dives across the board as the Bank of England (BoE) left interest rates unchanged, with most of the other major central banks tightening their monetary policies.
USD/JPY Price Forecast: 20-day acts key barrier near 156.45
The Japanese Yen (JPY) outperforms its major currency peers on Thursday, with the USD/JPY trading 0.28% lower to near 155.80.