Author: Mike Paterson

Economic data coming up in this session 22 Feb

Here's what's on the economic data/event calendar for today 22 Feb Greetings one and all from a dark n very stormy UK. Data wise it's a busy day ahead with the highlight event the release of the FOMC Minutes at 19.00 GMT

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Author: Eamonn Sheridan
3

Australia government biggest-ever bond transaction

via on Australian Commonwealth Government Bonds: Bloomberg - Australia's government sold A$11 billion of 11-year debt notes - Its biggest-ever bond transaction November 2028 securities were priced to yield 3.005 percent, the Australian Office of Financial Management said  

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Author: Eamonn Sheridan
1

ForexLive Asia FX news: USD weakens (a bit) nearly across the board

Forex news for Asia trading Wednesday 22 February 2017 ICYMI: We got a few news and data items today of note. The day kicked off with a speech from Governor of the Reserve Bank of Australia, Philip Lowe, who offered up no simple, easy, popular solutions (he'll leave that to the politicians) but did highlight some of the challenges facing the Australian economy and the RBA itself. The posts are in the list above, but here they are in one place:

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Author: Eamonn Sheridan

China home price data - "property curbs ... are taking effect"

While house prices continued to rise in China in January, the pace slowed again: - China home prices increased last month in the fewest cities in a year, - Signaling property curbs to deflate a potential housing bubble are taking effect

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Author: Eamonn Sheridan
1

UK engineering & manufacturing trade body EEF want a 5 year Brexit transition period

From the UK Telegraph, a piece that focuses on an Institute of Directors report: - "...  business people must not wait for the outcome of negotiations before undertaking their own planning and consultation in an attempt to minimise the potential for disruption to existing commercial relationships." More here at the article (may be gated):

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Author: Eamonn Sheridan

More from BOJ's Kuroda: Ready to ease further if needed

USD/JPY is falling away in Tokyo today,l down 30-odd points Let's see if Kuroda's remarks have any impact ((the yne move seems part of broader USD weakness ... not large ... so maybe not):

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Author: Eamonn Sheridan

Fed's Mester - now for the Bloomberg interview

Welcome to www.MesterLive.com ... well, it sure feels that way! From earlier today: - from earlier (the first link, above) if you want more. The second link there is to her remarks from the Bloomberg interview. the full video interview is up on Bloomberg's page now:

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Author: Eamonn Sheridan

Fed's Mester - the CNBC interview

Wall-to-wall Mester today! Earlier: from earlier (the first link, above) if you want more. Here's the link to that CNBC piece

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Author: Eamonn Sheridan

BOJ's Kuroda: The BOJ does not have a prediction for FX level

Kuroda speaking in parliament (does he still have an office at the Bank of Japan? .... why does he even bother?) - FX level affects economy, prices - Unlikely that oil prices will drag down the CPI going forward more to come

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Author: Eamonn Sheridan
5

Australia - Construction Work Done for Q4: -0.2% q/q(expected +0.5%)

Build me up, buttercup (or not, I suppose) Comes in at -0.2% q/q - A big miss on the consensus median estimate of +0.5% - The prior was -4.4%, revised from -4.9% (good news if you like archaeology and stuff :-D ... i.e that's a revision to July - September 2016 data). For the y/y, comes in at -7.8%

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Author: Eamonn Sheridan
1

Australia - Wage Price Index for Q4: +0.5% q/q (vs. expected +0.5%)

Australian Q4 Wage Price Index +0.5% q/q   - expected +0.5% q/q, prior +0.4% +1.9 % y/y - expected +1.9% y/y, prior +1.9%   - At 1.9% y/y, its at a record low (since this data series commenced) Slow wages growth evident in this data.

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Author: Eamonn Sheridan

AUD and NZD orderboards

AUD/USD - Sellers 0.7680/90/00. Some stops above 00 - Buyers 0.7660/70, Buyers again 0.7300/20 NZD/USD - Sellers 0.7170 through to 0.7200 - Buyers initially 0.7145/55, 0.7130, 0.7100 Currently

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Author: Eamonn Sheridan
1

Fed's Mester remarks on CNBC reported over wires

Says she is comfortable with rates going higher More: - Need to see Trump policies before assessing impact Hardly surprising Mester is comfortable with hikes, she was all over the news on Monday with similar comments:

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Author: Eamonn Sheridan
6

Brexit - UK PM May seeking trigger by March 31

The draft Brexit law has passed its Lords 2nd reading without vote The bill now goes for consideration to its 'committee stage' on February 27 & onto further debate

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