Ogee wrote: Mon Nov 07, 2022 5:52 pm Watched an interview by UK SKY news with Russian ambassador, nothing new, reporter kept asking where's the evidence, ambass kept replying they handed it to the UK govt Friday and will wait for their response before taking further.

But the word on the street is that it was actually China that was hacking the UK PM's phone and picked up the message ''It's done'' to US govt official Blinkin minutes after the Nordstream bombing.

Seems that if Huawei is involved in your countries phone infrastructure it is riddled with hacking backdoors and anyone's phone could be hacked.

Ogee wrote: Mon Nov 07, 2022 7:41 pm This week's main events from Pepperstone (times are Australian Eastern)

(US CPI could be a big mover)


• US Oct CPI (11 Oct 00:30 AEDT) – The market expects a 7.9% YoY headline print, and 6.5% core inflation – The core measure is the more important of the two and obviously the most important data point for markets right now. The question – as always - do we get the bigger reaction on a below consensus number or above?? Consider CPI has come in above consensus in 10 of the past 12 reports

• University of Michigan 5–10-year inflation survey (12 Nov 02:00 AEDT) – No change is expected at 2.9%, but we’ve seen this miss consensus before and move markets

• US midterm election (Tuesday) – the Republicans are expected to win both the Senate and House which as I put it in the playbook has implications for future fiscal policy and the debt ceiling – however, what if the polls are wrong and the DEMs get a bigger advantage? The USD could push higher – one consideration is the timing of the results and whether we get a full understanding on the day of the election or further out the week.

• Central bank speeches – it’s a huge week ahead for central bank noise – we see 9 Fed speakers, 18 ECB speakers and 7 BoE speakers. In Australia, RBA deputy gov Bullock speaks (9 Nov 20:05 AEDT)

• The ECB will publish its economic bulletin (10 Nov 20:00 AEDT) – the forecasts could have a bearing on the perception of the ECB's economic projections due out in the December ECB meeting – could we be looking more intently at a recessionary forecast?

• Japan Summary of Opinion (8 Nov 10:50 AEDT) – while the BoJ has held a consistent dovish line, the market will be watching to see if there are any hints at changes to its YCC policy in the future

• China CPI/PPI (9 Nov 12:30 AEDT) – CPI is expected to drop to 2.4% (from 2.8%) – Covid policy remains the central focus, so this data point isn’t likely to move the yuan – we also get the money supply and new loans data this week (no set time)