JPY News 

USD/JPY stays little changed on the day, US CPI data eyed next

“Despite markets being on the defensive and risk in a more sour mood, the yen hasn’t shown significant strength in trading today” reports forexlive.com. Treasury yields have fallen rather sharply in European trading so far but yet USD/JPY has only nudged lower by ~15 pips from 109.10 to 108.95. Those will be the key levels to keep an eye out for as we look towards the next possible catalyst for a move in the pair – which is the US CPI data at 1330 GMT. Beyond that, there’s also Fed…

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News 

China factory prices falter, while inflation soars to near eight-year high

“October’s consumer price index (CPI) rose 3.8% year-on-year, the most since January 2012 and beating analysts’ expectations for 3.3% rate” writes Midwest Communications Inc for 95kqds.com. Some analysts say the CPI rise could become a concern for policymakers looking to introduce measures to prop up demand. Source: 95kqds.com

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News 

RBA: CPI data key for hints of rate cut

“Inflation and unemployment have been the key indicators for the RBA. Labour data has shown strength recently with additional full time jobs being added to the workforce and the unemployment rate dropping from 5.2% to 5.3%” reports forexlive.com. If we get inflation data out tomorrow at 0.4% for the trimmed mean q/q then it will be very likely that the RBA will keep on hold for November. Expect AUD to keep outperforming the NZD (remember the key business confidence data for NZD this week) if the CPI data is as…

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Crypto News 

Why STOs are the Future: An Interview with Marvin Steinberg

“STOs offer major advantages over both traditional and blockchain-based alternatives, and CPI Tech wants to make it easier for enterprises to launch and manage successful STOs” writes Finance Magnates Staff for financemagnates.com. A few years ago, Marvin Steinberg was a young ping-pong player with a bright athletic future ahead of him. Source: financemagnates.com

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News 

UK August CPI +0.4% vs +0.5% m/m expected

“ONS notes that the decline in inflation pressures stem from a drop in computer game prices and clothing prices, relative to last year” reports forexlive.com. Inflation was one of the few bright spots in keeping a more steady BOE outlook but as price pressures start to dwindle, you can expect the BOE to cut rates sooner rather than later to combat the drop here if it persists.The drop in annual house prices below isn’t encouraging as well, with the +0.7% reading the weakest since September 2012 and ONS notes that…

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Markets News 

The key to trading fresh sentiment

“In this article I will briefly present the case that the two key concepts to trading fresh sentiment are as follows: Picking which sentiment to focus on The very best time to trade sentiment is when we notice the sentiment change” reports forexlive.com. Now, trading sentiment is a basic market skill as we try to make sure we are always trading in line with market sentiment (Unless of course we are fading market sentiment, which is a valid pursuit, but the subject of a different article).So, trading fresh sentiment is…

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