Japan Industrial Production (YoY) down to 4.9% in May from previous 6.5%

Japan Industrial Production (MoM) below expectations (1.7%) in May: Actual (1.6%)

Key Chinese data on the cards, eyes on AUD – BBH

Analysts at Brown Brothers Harriman noted that China reports official July PMI readings Monday, with manufacturing expected at 51.5 vs. 51.7 in June.  AUD/USD: overdone or onwards to 0.8150? - BBH Key Quotes: China reports official July PMI readings Monday, with manufacturing expected at 51. ...

Gold edges higher in Asia ahead of PMI reading for demand trends

Investing.com - Gold prices rose in Asia as investors eyed demand prospects in China in line with figures from official manufacturing ad PMI estimates for July. Gold for August delivery rose 0.10% to $1,269.61 a troy ounce on the Comex division of the New York Mercantile Exchange. For last week ...

RBA this week: strength of Aussie a concern – Westpac

Analysts at Westpac noted that The Reserve Bank's Board meets on August 1. Key Quotes: "No doubt the Governor will continue to “call out” the labour market and the housing markets as the key areas of interest. In that regard the sentiment in the July Board Minutes and th ...

Crude gains in Asia with China PMI figures ahead eyed

Investing.com - Crude prices inched higher in Asia on Monday ahead of China manufacturing and services PMI figures seen as reliable indicators of near-term demand prospects. The U.S. West Texas Intermediate crude September contract rose 0.48% to $49.95 a barrel, while on the ICE Futures Exchange i ...

Dollar gains as China manufacturing July PMI to set tone

Investing.com - The dollar gained slightly ahead of a busy Monday start to the data week with industrial production out of Japan and the China Federation of Logistics & Purchasing (CFLP) PMI and services PMI measures among others. USD/JPY changed hands at 110.53, down 0.14%, while AUD/US ...

NZD/USD: starting out on a solid footing, time to fade?

Currently, NZD/USD is trading at 0.7512 having posted an early Asian high at 0.7516 and low at 0.7500. Despite New Zealand Building Permits (MoM) arrived down to -1% in June from previous 7%, NZD/USD is starting out on a firm footing, albeit struggles to funny recover from the 0.7560 sell-of ...

Weekend news: geopolitics post North Korea’s intercontinental missile – ANZ

Analysts at ANZ explained that the weekend was dominated by geopolitical headlines after North Korea test fired its second intercontinental missile on Friday.  Key Quotes: "Although the missile only travelled around 1,000km, initial data suggests that if it were launched toward the US, i ...

New Zealand Building Permits s.a. (MoM) down to -1% in June from previous 7%

Key events or the week ahead: eyes on nonfarm payrolls – Nomura

Key events for the week ahead from around the world, previewed by analysts at Nomura... Key Quotes: "US: We expect another solid gain in nonfarm payroll employment in July, but only moderate core PCE inflation in June.  Chicago PMI (Monday): Manufacturers' sentiment held up in recen ...

Key risks ahead for Asian session – Westpac

Analysts at Westpac noted today's key event risks. Key Quotes: "Australia: June private sector credit is expected to have risen 0.4%, with housing lending up 0.6% but business credit just 0.2%. New Zealand: June building consents are seen down 5% after the 7% jump in May. July ANZB ...

GDP growth stays steady in the 2% range – Nomura

Analysts at Nomura explained that Q2 GDP estimates along with revisions back to 2014 are in line with their view that the economy continues to grow at a pace of about 2%.  Key Quotes: "The average pace of growth in H1 is now at 1.9%, and our forecast for 2017 growth is 2.0% y-o-y." ...

AUD/USD: overdone os onwards to 0.8150? – BBH

Analysts at Brown Brothers Harriman explained that the AUD/USD rallied to its best level since mid-2015 near $0.8065 before consolidating ahead of the weekend.   Key Quotes: "Momentum and trend followers may try to run it higher ($0.8100-$0.8150 is the next important band of resistance) ...

Market wrap: US GDP hurt the dollar – Westpac

Analysts at Westpac noted that the final session in the US came with modest downside surprises in US GDP and wages data hurt the US dollar and interest rates. Key Quotes: "CAD outperformed on firm Canada GDP data while the North Korean missile test supported the safe haven Japanese yen ...

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