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New Zealand Dollar found modest support after Q3 CPI data showed inflation rising back to the top of the RBNZ’s 1–3% target band. The 3.0% annual print, while firmer than Q2’s 2.7%, was largely in line with expectations and matched the RBNZ’s own August forecast. While the data limits the case for another large rate […]

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China’s q/q Q3 GDP improved, but the y/y was the slowest in a year:

• China Q3 GDP +1.1% q/q (+0.8% expected)

Other data was better, although property investment cratered:

• China Sept Retail Sale (YoY) +3.0% (expected 2.9%) & Industrial Production (YoY) +6.5% 5.0%

China National Bureau of Statistics (NBS) spokesperson comments, priomising more stimulus:

• Will intensify and optimize counter-cyclical policies, expand domestic demand, and strengthen domestic circulation
• Will further stimulate market vitality, boost growth expectations, strengthen endogenous momentum, and promote sustainable economic growth
• Since Q3, tariff abuse by certain countries has disrupted global trade order, with rising unilateralism and protectionism increasing instability and uncertainty in global trade growth

This article was written by Eamonn Sheridan at investinglive.com.

The Dow Jones Industrial Average (DJIA) found a near-term foothold to wrap up the trading week, rebounding around 240 points from recent lows and fighting to stay on the high side of key moving averages.

The Japanese Yen (JPY) kicks off the new week on a weaker note in reaction to reports that the ruling Liberal Democratic Party (LDP) and the Japan Innovation Party (JIP) have agreed to form a coalition government.

China’s GDP expanded 4.8% yoy in the Q3, the slowest pace in a year but still slightly ahead of expectations for 4.7%. Even so, with cumulative growth of 5.2% over the first nine months, China remains on track to meet its full-year target of “around 5%”. Industrial production provided a bright spot, climbing 6.5% yoy […]

The post China GDP growth slows to 4.8% in Q3, property slump deepens appeared first on Action Forex.

The Australian Dollar (AUD) advances against the US Dollar (USD) on Monday, extending its gains for the second consecutive trading day. The AUD/USD pair remains stronger after the People’s Bank of China (PBOC) decided to keep its interest rates unchanged.

New Zealand’s inflation pulse picked up in the Q3, highlighting lingering price pressures that could restrain the RBNZ from cutting rates too aggressively. Headline CPI rose 1.0% qoq, above forecasts of 0.8% and sharply higher than 0.5% pace in Q2. On an annual basis, inflation climbed from 2.7% yoy to 3.0% yoy, matching expectations but […]

The post NZ CPI jumps to 3% in Q3, hits top of RBNZ target band appeared first on Action Forex.

News of this from the weekend:

• Japan has agreed a coalition government – paves way for Takaichi PM – yen a little higher
• Yen’s moving the right way now! Takaichi closer to being PM.

Updating now:

• Ishin party leader Yoshimura says mostly agreed on conditions with LDP to form coalition
• Will meet LDP leader Takaichi at 0900 GMT to formalise the coalition agreement

Japan will hold a parliamentary vote to pick a new PM to replace outgoing Shigeru Ishiba on October 21.

This article was written by Eamonn Sheridan at investinglive.com.

China’s top trade negotiator Li Chenggang removed from post as permanent WTO representative

Xinhua report.

No further details for now.

This article was written by Eamonn Sheridan at investinglive.com.

After last Friday’s sharp sell-off sparked by renewed U.S.–China trade war fears, markets steadied this week as U.S. equities rebounded. President Trump helped calm investors by emphasizing that he wants to avoid further escalation with China. The reassurance supported a recovery in risk sentiment after the previous week’s turmoil. In Japan, the USD/JPY and Nikkei […]

The post Global Markets Stabilize as U.S.–China Trade Tensions Ease and Gold Reaches Record Highs appeared first on Action Forex.