FX News
Market-moving events, session conditions, and macro context — written for traders who run systems, not predictions.
Canada Printed 3.0% and −0.1%. One Vendor Had the Year, the Other Had the Month.
Yesterday this desk published a 40-basis-point consensus gap on Canadian CPI and argued that one vendor's 2.0% was the Bank of Canada median core sitting in the headline field. The print settles it twice over: the headline held at 3.0% year on year, the month fell 0.1%, and CPI-median came in at exactly 2.0%. FXStreet had the year and missed the month by 40bp. InvestingLive had the month exactly and missed the year by a point. And the adjusted-versus-unadjusted hypothesis we published does not survive.
The Only 12:30 Print Today Is Canadian, and Two Vendors Are 40 Basis Points Apart on It
The pre-US window fires at 12:30 UTC today with no American number in it. One vendor has the Canadian consensus at +0.3% m/m and 3.0% y/y; another at −0.1% and 2.0%. Statistics Canada's own July release says 3.0% — and 2.0% is the Bank of Canada median core, sitting in the wrong field. Second labelling failure from the same publisher in four sessions. Meanwhile London ran USD/JPY to 154.74 with nothing scheduled at all.
We Published $2.86 Billion at 154.00. The Same Publisher Said $3.06 Billion Seven Hours Later.
On Friday this desk published the 10:00 New York cut ladder — $2.86bn at USD/JPY 154.00, $2.74bn at 153.00, $1.66bn at 152.00. The same publisher's second 11 September ladder, posted seven hours later under a different byline, says $3.06bn, $2.88bn, and carries no 152.00 line at all. Neither page is wrong, which is the problem. No ladder for today existed at 06:20 UTC, so London opens on Friday's map — and Tokyo has already run 153.37 to 154.14.