Macro Pulse
Economic Calendar
Neutral Regime Holds as Aussie Jobs Miss Offsets German PPI Beat
Macro Regime Update Neutral regime holds as mixed Asia and Europe data offset each other. UK headline inflation printed at 2.9 percent year on year,…
UK Inflation Beat Locks Neutral Dollar Easing Range
Macro Regime Update UK headline inflation printed at 2.9 percent year on year, three tenths above forecast, while core stayed at 2.6 percent. That surprise…
UK Wage Miss and ZEW Beat Hold Dollar at 99.66 in Neutral Regime
Macro Regime Update The latest UK labour release shows average earnings growth slipping to 4.1 percent against a 4.4 percent forecast, the clearest sign yet…
China Data Misses Anchor Risk On Regime Amid Dollar Weakness
Macro Regime Stays Risk On Despite Mixed Signals Soft China data and continued dollar softness outweigh mixed Japan figures and keep the risk on regime…
Risk-On Regime Holds as China Loans Miss and Dollar Stays Contained
Macro Regime Overview Risk-on conditions remain intact into the weekend as equity proxies advance and the dollar index holds near 99.97 after slipping from earlier…
UK GDP Beat Anchors Risk-On as Dollar Index Eases
UK Data Surprise and Sterling Strength UK Q2 GDP growth printed 0.4 per cent quarter on quarter, beating the 0.3 per cent consensus and lifting…
RBA Hold and NFIB Jump Lock In Risk-On Support
Policy Anchors and Sentiment Lift The RBA left the cash rate at 4.35 percent with no accompanying hawkish tilt, allowing markets to absorb the decision…
Yen Weakness Anchors Risk-On as Bill Yields Cap Rally Scope
Macro Regime Overview The risk-on regime remains intact after the Japanese eco watchers survey beat forecasts, which reinforced dollar strength versus the yen and kept…
China Trade Beat Anchors Risk-On as Europe Softens
Macro Regime Overview China July trade data delivered a clear upside surprise with the surplus at 112.5 billion dollars and exports rising 23.9 percent year…
German Orders Beat but Soft PMIs Hold Euro Range
Macro Regime Overview Neutral conditions persist into the London open as the German factory orders print delivered a clear upside surprise yet failed to shift…