Israel’s army said its killed top commander of Palestinian militant group Islamic JihadElon Musk just unveiled the Robotaxi at Tesla’s “We, Robot” eventTGI … more Fed speakers again today! Logan, Bowman, Goolsbee all on the agendaChina will follow up Saturday’s stimulus briefing with another on MondayMore rate cuts to come from the Bank of KoreaIKEA calls for more China stimulus as sales slipReminder – Hong Kong marekts are closed for a holiday todayPBOC sets USD/ CNY reference rate for today at 7.0731 (vs. estimate at 7.0737)Bank of Korea rate cut as expected, base rate to 3.25% from 3.5%Singapore’s central bank meets Monday, expected to maintain steady policyJP Morgan projects US inflation to gradually return to Fed target rate‘Bond king’ Bill Gross says stock market’s record-setting run will slowBarclays on the risk of $15 jump higher for oil prices“Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk”Trump’s desire to trash the US dollar could be blocked by the Fed & ChinaForexlive Americas FX news wrap: US CPI higher than expectedHere’s why you should wear a “Make Fed Speeches Great Again” hatNew Zealand food price index +0.5% m/m in September (prior +0.2%)New Zealand manufacturing PMI for September improves to a still dire 46.9 (prior 46.1)Bostic is at it again – suggests ‘totally comfortable’ with a November Fed pauseBiden and Netanyahu ‘made significant progress’ on limiting strike on IranUS stocks close modestly lower in up and down tradingTrade ideas thread – Friday, 11 October, insightful charts, technical analysis, ideas
It
was a day of subdued trading for major FX following the swings during
the CPI/Bostic impacted US Thursday.
News
and data flow was very light.
There
was some thought we might have heard more on how the US and Israel
are negotiating on a response to Iran but there hasn’t been much
new on this.
As
I update mainland Chinese equities are heavier in morning trade. Hong
Kong markets were closed for a holiday. On Saturday China’s Finance
Ministry will hold a press briefing on fiscal policy and economic
development at 10 am Beijing time (0200 GMT, 2200 US Eastern time).
This will be followed on Monday by another press briefing, this time
from China’s Infrastructure Ministry, Ministry of Industry and
Information Technology, and State Administration for Market
Regulation. This will be at 10 am Beijing time too.
In
equity market news, Musk unveiled the Tesla Robotaxi / Cybercab at
his event Thursday evening.
Robotaxi
This article was written by Eamonn Sheridan at www.forexlive.com.