Japan Trade Balance – BOP Basis dipped from previous ¥553.6B to ¥-115.1B in May

Japan Machinery Orders (YoY) came in at 0.6% below forecasts (7.7%) in May

Japan Machinery Orders (MoM) registered at -3.6%, below expectations (1.7%) in May

Japan Bank lending (YoY) climbed from previous 3.2% to 3.3% in June

Japan Current Account n.s.a. below expectations (¥1796.3B) in May: Actual (¥1653.9B)

Japan’s Current Account 1.40T vs. 1.63T forecast

Japan’s current account balance rose less-than-expected last month, official data showed on Sunday.In a report, Ministry of Finance said that Japan’s Current Account rose to a seasonally adjusted 1.40T, from 1.81T in the preceding month.Analysts had expected Japan’s Current Account to rise 1.63T las ...

The US Dollar shows signs of life – BBH

Marc Chandler, Global Head of Currency Strategy at BBH, notes that the technical indicators are constructive for the US Dollar index, suggesting that it could string together two consecutive weekly gains for the first time since late March/early April. Key Quotes The US employment data underscore ...

NZD/USD sticking to tight trading ranges

The NZD/USD hourly chart is not very telling: the pair lacks price direction and also volatility.Notice the 50-SMA has slipped between the 200- and the 800-period SMAs, denoting an absence of a strong trend. The ADX tracking below 30 at the moment signals the same sideways condition.The prospec ...

G-20 2017: Australia to be exempt from US tariff on steel exports

According to The Australian, Australia has secured a crucial exemption for steel exports as the US considers imposing an anti-dumping trade wall on imports following a flood of cheap steel onto the global market.  The Australian adds: "We understand that Prime Minister Malcol ...

EU, Canada agree to begin free trade agreement on Sept 21st

The European Union and Canada will begin a free trade agreement on September 21st, as part of a Comprehensive Economic and Trade Agreement (CETA) framework.  European Commission President Jean-Claude Juncker and Canadian Prime Minister Justin Trudeau said in a statement that 21 September 201 ...

Week ahead in Europe: Light agenda, UK jobs focal point

Both the UK and Europe see a light economic agenda for the week ahead, with the UK labour market report and Euro area industrial production the main focus, notes the Economics Team at Nomura.  Key Quotes UK BRC retail sales (Tuesday): The BRC retail sales report is one of a numbe ...

Week ahead in the US: Retail sales and inflation main focus – Nomura

The key data out of the US this week will be concentrated on Friday, with the release of retail sales, CPI and industrial production Expectations are for a solid rebound in June retail sales and industrial production and a gradual re-acceleration in June core CPI inflation, according to th ...

G-20 leaders isolate the US on climate change

German Chancellor Angela Merkel hosted a two-day G-20 summit in Hamburg over the weekend, with conversations mainly focused on trade, finance, energy, climate change and migration. One of the main takeaways from the summit was the public isolation at which the United Stated wa ...

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