Australian inflation data: RBA rate cut expectations rise higher

• But .... government subsidies played a role in CPI moderation, while labour market strength may delay easing.

AUD/USD has dropped after the better than expected Q4 inflation data from Australia

• The data significantly boosts the prospect of a February rate cut from the Reserve Bank of Australia

Australian inflation data due soon - RBA rate cut speculation for February meeting

• Get ready for Australian CPI data release, with estimates hinting at a slight rise in quarterly CPI but a potential easing in annual core inflation. Analysts predict how these figures could influence the RBA's decision in February regarding a possible interest rate cut.

BoJ December 2024 meeting minutes express caution - January brought change though

• Rates were kept unchanged at this meeting

Federal Reserve preview: Deutsche Bank says Fed to signal a March rate cut is unlikely

• Deutsche Bank expects on hold at this meeting

Bitcoin freezes before a lift-off

• A wait-and-see attitude leaves BTCUSD near the lower end of the trading range.

RBNZ's Conway says policy committee confident inflation will abate

• Reserve Bank of New Zealand chief economist Conway: Easing domestic pricing intentions and a drop in inflation expectations will help open the way for some further easing of the OCR, as signalled in November.

The noob heading to the BOJ monetary policy board is a big supporter of higher rates

• Japan's PM Ishiba has nominated a supporter of policy normalization to join the Bank of Japan’s board at the end of March.

A rate cut is 99% priced in for Wednesday's Bank of Canada meeting. Bigger questions loom

• March is a bigger question mark

Another test of support for crypto

• The primary battle between bulls and bears appears to be waiting for us to fall to the $18.8K area.

BoJ Rate Hike May Move Closer: Analysis & Outlook

• Recent developments suggest May meeting in contention

RBNZ Chief Economist Paul Conway is speaking on Wednesday - on growth and interest rates

• Reserve Bank of New Zealand speaker on Wednesday, January 29, 2025

Critical Australian inflation data due tomorrow - likely to tick the RBA rate cut box?

• Australian Q4 CPI preview via Commonwealth Bank of Australia

Falling Stocks Demoralise Crypto Buyers

• In theory, the bears have a better chance this time...

There is no PBoC USD/CNY reference rate setting today - China is on holiday

• Its Lunar New Year holidays in China

Deutsche Bank European Central Bank preview - cut this week and plenty more after that

• The ECB meets on Thursday January 30

SNB Chair Schlegel says doesn't want negative interest rates, but "can't rule them out"

• Posting an ICYMI from an interview Schlegel gave on Monday

The Crypto Market: Numbness or Stability?

• Bitcoin has been declining in the past week, following the stock market, but has moved rather reluctantly.

ECB's Lagarde: Central bank independence in question in several parts of the world

• Remarks by ECB president, Christine Lagarde

European Central Bank President Lagarde is speaking on Monday

PBOC sets USD/ CNY reference rate for today at 7.1698 (vs. estimate at 7.2295)

• PBOC CNY reference rate setting for the trading session ahead.

The bogged-down crypto market

RBC sees next Bank of Japan rate hike in July 2025

• And then to 1% this time in 2026

PBOC is expected to set the USD/CNY reference rate at 7.2295 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Newsquawk Week Ahead: FOMC, ECB, BoC, US PCE, EZ GDP, Tokyo and Australian CPI

• Next week highlights include rate decisions from the Federal Reserve, ECB, BoC, Riksbank and BCB. On data, US PCE, EZ and Canadian GDP, Japan Activity Data, Tokyo and Australian CPI will be in focus, as will Chinese PMIs and Industrial Profits.