The Traderszone Network

National Australia Bank economists on today’s Q3 CPI and the implications for the Reserve Bank of Australia next week.
– Say its likely the RBA will revise its CPI forecasts a little lower in next week’s Statement of Monetary Policy
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Asian stocks slipped on Wednesday but losses were capped by caution ahead of a U.S. Federal Reserve policy decision later in the day. The Fed is expected to keep interest rates unchanged this week and may struggle to convince skeptical investors it can tighten monetary policy before the end of the year in the face of U.S. and global economic headwinds. China stocks, however, for now shrugged off U.S.-China tensions over naval patrols in the South China Sea.

Nissan Motor Co Chief Executive Carlos Ghosn said on Wednesday he was not worried about the longer-term potential of the Chinese economy, characterizing the recent slowdown as a temporary correction. “I think this is a temporary slowdown,” Ghosn, who also heads Nissan’s French partner, Renault SA (RENA.PA), told Reuters at the Tokyo Motor Show when asked about the world’s second-biggest economy. “The economy in China has been growing so fast, from time to time it needs a period to retune.

Washington’s move could raise tension in one of the world’s busiest shipping lanes.

HSBC (Paul Bloxham) now thinks the RBA will cut next week
– Previously expected the RBA to remain on hold
– Cut at the November meeting “most likely”
h/t to LiveSquawk for this one ()

A quick one from UBS on gold, via eFX

“Fluctuations in market expectations for a Fed move are likely to
continue driving gold prices and vulnerability to US data persists. ,” UBS argues.

A client note from ANZ’s Senior Rates Strategist Martin Whetton and Rates Strategist Savita Singh
These two are well worth heeding.
On today’s CPI and what it means for the Reserve Bank of Australia (bolding is mine):