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FX Daily Strategy: Asia, Oct 22
October 21, 2026 2:35 PM UTC
Positioning and oversold conditions obstructing euro follow through traction; downside focus switching to options protection
AUD lifted by short-covering and momentum swing towards a Nov hike pricing
Focus remains news driven rather than calendar-centric
AI and The U.S. Economy
October 9, 2026 8:15 AM UTC
· The AI boom is boosting the U.S. economy through three channels (semiconductor and other product enablers for AI; the data center construction boom and wealth effects boosting consumption for rich households). If AI labs revenue growth remains fast then the boom can continue through
Preview: Due November 13 - U.S. October PPI - Firm if less so than in September
November 2, 2026 6:53 PM UTC
We expect October PPI to increase by 0.4% overall and 0.3% ex food and energy, still too high for comfort but considerably slower than respective gains of 1.3% and 0.7% in September. Ex food, energy and trade, we expect only a marginal slowing, to 0.4% from 0.5% in September.
Preview: Due November 13 - U.S. October PPI - Firm if less so than in September
November 2, 2026 6:53 PM UTC
We expect October PPI to increase by 0.4% overall and 0.3% ex food and energy, still too high for comfort but considerably slower than respective gains of 1.3% and 0.7% in September. Ex food, energy and trade, we expect only a marginal slowing, to 0.4% from 0.5% in September.
EZ CPI Preview - Another Piece of the Puzzle Before December's Hike
November 2, 2026 3:40 PM UTC
We expect headline annual inflation to hit 4% in October as the impact of the energy shock continues to filter through. That increase would represent a further uptick from the 3.8% recorded in September and from the 1.9% rate seen just before the start of the Middle East conflict. Preliminary nation
EZ CPI Preview - Another Piece of the Puzzle Before December's Hike
November 2, 2026 3:40 PM UTC
We expect headline annual inflation to hit 4% in October as the impact of the energy shock continues to filter through. That increase would represent a further uptick from the 3.8% recorded in September and from the 1.9% rate seen just before the start of the Middle East conflict. Preliminary nation
U.S. October ISM Manufacturing firm, September Construction Spending slips
November 2, 2026 3:15 PM UTC
October’s ISM manufacturing index of 55.5 is up from 54.5 in September and 54.6 in August but slightly below July’s 55.6 which was the strongest since May 2022. The data continues to imply a positive manufacturing picture.