Tin tức thì trường

LƯU Ý: Tài liệu trong nguồn cấp dữ liệu tin tức và phân tích được cập nhật tự động, tải lại trang có thể làm chậm quá trình xuất hiện tài liệu mới. Để nhận được tài liệu nhanh chóng, chúng tôi khuyên bạn nên luôn mở nguồn cấp tin tức.
Sắp xếp theo cặp tiền tệ
13.10.2024
23:19
China’s CPI inflation eases to 0.4% YoY in September vs. 0.6% expected

China’s Consumer Price Index (CPI) rose at an annual pace of 0.4% in September after reporting a 0.6% growth in August. The market consensus was for a 0.6% increase in the reported period.

Chinese CPI inflation was flat at 0% MoM in September versus August’s 0.4% acceleration, worse than the 0.4% estimate.

China’s Producer Price Index (PPI) fell 2.8% YoY in September, following a 1.8% drop in August. The data came in worse than the market forecast of -2.5%.

Market reaction to China’s inflation data

AUD/USD attracts some sellers following the softer-than-expected Chinese inflation data, losing 0.28% on the day to trade at 0.6731, as of writing.

Australian Dollar FAQs

One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD.

The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.

China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.

Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.

The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

 

23:06
AUD/USD faces some selling pressure below 0.6750 on weaker Chinese data, geopolitical risks AUDUSD
  • AUD/USD loses traction to near 0.6730 in Monday’s early Asian session.
  • The weaker Chinese economic data undermines the China-proxy AUD. 
  • The US PPI supports expectations of a Fed rate cut next month.

The AUD/USD pair attracts some sellers to around 0.6730 and during the early Asian session on Monday. The stronger US Dollar (USD) and China’s deflationary pressures exert some selling pressure on the major pair. Traders will take more cues from the Chinese Trade Balance data, which is due later on Monday. 

The weaker-than-expected China’s consumer and factory prices for September weigh on the Australian Dollar (AUD) as China is a major trading partner to Australia. Data released by the National Bureau of Statistics of China on Sunday showed that the nation’s Consumer Price Index (CPI) increased 0.4% YoY in September, compared to 0.6% in August. This figure was below the market consensus of 0.6%. Meanwhile, the Producer Price Index (PPI) fell 2.8% YoY in September versus -1.8% prior, weaker than the expectations of -2.5%. 

On the other hand, US PPI data reinforces expectations for a 25 basis points (bps) Federal Reserve (Fed) rate cut in November, which might cap the upside for the Greenback. The US PPI was unchanged in September, while the core PPI was up 0.2% during the same period. 

The annual PPI rose 1.8% in September, followed by the 1.9% increase seen in August, and came in above the market expectation of 1.6%. The annual core PPI rose 2.8% in the same period, surpassing analysts' estimate of 2.7%. The swaps markets show the Fed’s odds for a 25 bps rate cut at 95.6%, up from 83.3% before the PPI data, according to the CME FedWatch Tool. 

Israel Defence Forces (IDF) said on Sunday that four soldiers had been killed and more than 60 other people injured in a drone strike targeting an army base in northern Israel, per the BBC. Hezbollah has claimed responsibility for the attack. The escalating geopolitical tensions in the Middle East might boost the safe-haven flows, benefitting the USD.

Australian Dollar FAQs

One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD.

The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.

China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.

Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.

The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

 

21:45
New Zealand Electronic Card Retail Sales (MoM) fell from previous 0.2% to 0% in September
21:45
New Zealand Electronic Card Retail Sales (YoY) fell from previous -2.9% to -5.6% in September
21:30
New Zealand Business NZ PSI climbed from previous 45.5 to 45.7 in September
01:32
China Consumer Price Index (YoY) below expectations (0.6%) in September: Actual (0.4%)
01:31
China Producer Price Index (YoY) below expectations (-2.5%) in September: Actual (-2.8%)
01:31
China Consumer Price Index (MoM) registered at 0%, below expectations (0.4%) in September

© 2000-2024. Bản quyền Teletrade.

Trang web này được quản lý bởi Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Thông tin trên trang web không phải là cơ sở để đưa ra quyết định đầu tư và chỉ được cung cấp cho mục đích làm quen.

AML Website summary

Cảnh báo rủi ro

Giao dịch trên thị trường tài chính (đặc biệt là giao dịch sử dụng các công cụ biên) mở ra những cơ hội lớn và tạo điều kiện cho các nhà đầu tư sẵn sàng mạo hiểm để thu lợi nhuận, tuy nhiên nó mang trong mình nguy cơ rủi ro khá cao. Chính vì vậy trước khi tiến hành giao dịch cần phải xem xét mọi mặt vấn đề chấp nhận tiến hành giao dịch cụ thể xét theo quan điểm của nguồn lực tài chính sẵn có và mức độ am hiểu thị trường tài chính.

Chính sách bảo mật

Sử dụng thông tin: sử dụng toàn bộ hay riêng biệt các dữ liệu trên trang web của công ty TeleTrade như một nguồn cung cấp thông tin nhất định. Việc sử dụng tư liệu từ trang web cần kèm theo liên kết đến trang teletrade.vn. Việc tự động thu thập số liệu cũng như thông tin từ trang web TeleTrade đều không được phép.

Xin vui lòng liên hệ với pr@teletrade.global nếu có câu hỏi.

Chuyển khoản
ngân hàng
Feedback
Hỏi đáp Online E-mail
Lên trên
Chọn ngôn ngữ / vùng miền