Free Trial
AUD

A$ Range Bound, Mixed On Crosses

JGBS

30-Year Supply Passes Smoothly

JGBS AUCTION

30-Year JGB Auction Results

JGBS AUCTION

6-Month Bill Auction Results

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Indonesia's Consumer Inflation Data Eyed

IDR

Spot USD/IDR trades +38 figs at IDR15,265 with bulls keeping an eye on the 61.8% retracement of the 2020 sell-off at IDR15,574. Conversely, a break below the 100-DMA at IDR14,850 is needed to reinstate bearish momentum.

  • USD/IDR 1-month NDF last +10 figs at IDR15,279. The Sep 28 high of IDR15,354 provides the initial topside target, while bears look for losses towards the 100-DMA at IDR14,871.
  • Offshore investors bought a net $15.54mn in local equities last Friday, which was the first net inflow since Sep 22. The Jakarta Comp managed to erase initial losses, before turning heavy at the start to the new week. Meanwhile, the BBG Commodity Index is slightly firmer today.
  • Indonesia's September CPI data will be out within a couple of hours. Headline annual inflation is expected to have quickened to +6.00% Y/Y in September from +4.69% prior, while core CPI growth may have accelerated to +3.50% Y/Y from +3.04%, per Bloomberg consensus forecasts.
153 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Spot USD/IDR trades +38 figs at IDR15,265 with bulls keeping an eye on the 61.8% retracement of the 2020 sell-off at IDR15,574. Conversely, a break below the 100-DMA at IDR14,850 is needed to reinstate bearish momentum.

  • USD/IDR 1-month NDF last +10 figs at IDR15,279. The Sep 28 high of IDR15,354 provides the initial topside target, while bears look for losses towards the 100-DMA at IDR14,871.
  • Offshore investors bought a net $15.54mn in local equities last Friday, which was the first net inflow since Sep 22. The Jakarta Comp managed to erase initial losses, before turning heavy at the start to the new week. Meanwhile, the BBG Commodity Index is slightly firmer today.
  • Indonesia's September CPI data will be out within a couple of hours. Headline annual inflation is expected to have quickened to +6.00% Y/Y in September from +4.69% prior, while core CPI growth may have accelerated to +3.50% Y/Y from +3.04%, per Bloomberg consensus forecasts.