FX News

The Month-on-Month Is Agreed. The Year-on-Year Has Two Values 5.6 Points Apart.

Japan's August industrial production is agreed at −1.7% month-on-month by four publishers.

Two of them give the year-on-year as +3.4% and two give it as −2.2% — 5.6 points apart, opposite signs, same release. The consensus has three values. Australia's 4.0% CPI is a miss against the figure we published and a bullseye at FXStreet, and the Aussie sold off anyway. And the retail sales prior was revised, one day after we wrote the rule.

Four American Numbers Printed on Friday. All Four Missed, and Two Had the Sign Wrong.

Industrial production +0.3% expected, 0.0% printed.

Capacity utilisation 76.4% expected, 76.3% printed. Manufacturing output +0.3% expected, −0.3% printed. The leading index +0.1% expected, −0.1% printed. Both issuers settle their own numbers in one fetch, so this is a clean read on what a consensus is worth — and every yen-relevant release this week lands while Tokyo is shut.

There Is No 12:30 Block Today, and One Calendar Has Every US Time an Hour Early

The pre-US slot's defining event does not exist today: the first American release lands at 13:15 UTC, fifteen minutes after the New York open, and the Conference Board's leading index lands at 14:00 — exactly on the option cut, for the second consecutive day. Meanwhile one widely-read calendar has all six of today's US times an hour early. Three settle at the issuing institution in one fetch each.