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West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the early Asian trading hours on Friday. The WTI loses traction amid easing geopolitical tensions in the Middle East. Traders will closely monitor how long the US federal government shutdown will last.
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Japan PPI (September 2025) +2.7% y/y (expected +2.5%)
Japan PPI, AKA Corporate Goods Price Index:
+2.7% y/y
- expected +2.5%, prior +2.7%
+0.3% m/m
- expected +0.1%, prior -0.2%
This article was written by Eamonn Sheridan at investinglive.com.
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Japan Producer Price Index (MoM) registered at 0.3% above expectations (0.1%) in September
Japan Producer Price Index (MoM) registered at 0.3% above expectations (0.1%) in September -
Japan Producer Price Index (YoY) registered at 2.7% above expectations (2.5%) in September
Japan Producer Price Index (YoY) registered at 2.7% above expectations (2.5%) in September -
Japan Bank Lending (YoY) registered at 3.8% above expectations (3.7%) in September
Japan Bank Lending (YoY) registered at 3.8% above expectations (3.7%) in September -
Citigroup expects softer US CPI, disinflation trend intact. Weaker labour, housing markets
Citigroup economists forecast that the US core Consumer Price Index (CPI) rose 0.28% in September, a slower pace than August’s 0.35%, indicating continued moderation in inflation pressures.
ICYMI, it looks like this data will be published, despite the government shut down:
The bank said that while tariffs could keep goods prices elevated, particularly in imported categories, a cooling housing market should help cap services inflation and keep the broader trend contained.
Although a government shutdown may delay official data releases, Citigroup said the underlying direction remains clear — inflation is easing. It highlighted that a softening labour market and slower house price gains have reduced the risk of entrenched inflation, suggesting the Federal Reserve will have scope for additional rate cuts later this year if the disinflation trend persists.
This article was written by Eamonn Sheridan at investinglive.com.
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GBP/USD crashes to 1.3300 as risk-off sentiment drives Greenback gains
GBP/USD accelerated into the bearish side on Thursday, falling nearly eight-tenths of one percent and sending Cable bids into the 1.3300 handle for the first time since early August. -
USD/JPY gathers strength above 153.00 on stronger US Dollar
The USD/JPY pair extends the rally to around 153.05 during the early Asian session on Friday, bolstered by a firmer US dollar (USD). The Greenback edges higher to its highest since February against the Japanese Yen (JPY) amid the lack of progress around the US government shutdown. -
USD/JPY gathers strength above 153.00 on stronger US Dollar
The USD/JPY pair extends the rally to around 153.05 during the early Asian session on Friday, bolstered by a firmer US dollar (USD). The Greenback edges higher to its highest since February against the Japanese Yen (JPY) amid the lack of progress around the US government shutdown. -
Bessent says he expects a rebalancing ‘soon’, where India buys less Russian oil
US Treasury Secretary Bessent
- Soon we are going to see rebalancing where India buys less Russian oil
- India is going to start rebalancing over next few weeks and months in favor of U.S. oil
- Argentina’s leader will be coming to Oval Office next Tuesday
- This is not a bailout for Argentina
- Argentine peso is undervalued
- Exchange Stabilization Fund will not lose money in assisting Argentina
- Argentina is rich in minerals, committed to U.S. companies coming into that sector
- Says he believes the Chinese will come back at the end of the season and buy soybeans
- If it weren’t for shutdown, we would have announced support for farmers
more to come
This article was written by Eamonn Sheridan at investinglive.com.
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