Japan Gross Domestic Product (QoQ) above forecasts (0.6%) in 2Q: Actual (1%)

Japan Gross Domestic Product Annualized registered at 4% above expectations (2.5%) in 2Q

Japan Gross Domestic Product Deflator (YoY) came in at -0.4%, above expectations (-0.5%) in 2Q

AUD/NZD: headed to 1.0900? – Westpac

Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Could test 1.0900 during the next few days, if AU commodities continue to outperform and RBNZ intervention warnings resonate. AUD/NZD 1-3 month: A retest of the 1.0900 area seen in May i ...

Kiwi down slightly after retail sales, yen gains ahead of GDP

Investing.com - The kiwi eased after reporting better than expected retail sales in the second quarter, while the yen gained slightly as tensions on the Korean peninsula remain in focus along with second quarter GDP figures. New Zealand reported retail sales jumped 2.0% in the second quarter o ...

USD/JPY lurched lower and hesitated

A harami cross pattern unfolded on the USD/JPY daily chart turning the intermediate trend from bearish to neutral.The pattern occurs within the context of deteriorating prices unfolding with the daily stochastic (14,3,3) tracking below 20. From here on, this oscillator could easily react with an ...

USD/NOK remains a wild card

Bollinger Bands® on USD/NOK 1hr charts continue to reflect a volatile environment, but one with no dominant trend on higher time frames.ADX tracks below 30 suggesting a sideways price action. Endorsing this view, the 50-period simple moving average is locked in-between the 200 and the 800-period ...

New Zealand Retail Sales (QoQ) increased to 2% in 2Q from previous 1.5%

New Zealand Retail Sales ex Autos (QoQ) climbed from previous 1.2% to 2.1% in 2Q

The week’s key data events ahead – Nomura

Analysts at Nomura offered their outlook for the week ahead in terms of key Global data events. Key Quotes: The week ahead We expect a healthy rebound in core retail sales and steady improvement in industrial production in July though business sentiment may moderate further from elevate ...

RBNZ on hold for considerable period of time – Westpac

Analysts at Westpac explained that the Reserve Bank left the Official Cash Rate unchanged at 1.75% in its August Monetary Policy Statement, and the guidance that it provided was very similar to its previous reviews.  Key Quotes: "The RBNZ believes that monetary policy will need to remai ...

Currency strengths: RBNZ and RBA quick out of the blocks – ING

Analysts at Nomura explained that the small open economy central banks are dealing with unwanted currency strength in different ways. Key Quotes: "Both the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) have been quick out of the blocks to talk down their respectiv ...

US economic outlook: expect lower inflation near term – Nomura

Analysts at Nomura explained that the FOMC is poised to start reducing its balance sheet while the next rate hike, which they expect in December, will depend on the progress on inflation.  Key Quotes: Economic activity: The US economy continues to grow slightly above potential, a trend w ...

Market wrap and key risks ahead – Westpac

Analysts at Westpac offered their market wrap, economic outlook and highlighted the key risks ahead. Key Quotes: "Global market sentiment: A disappointing US inflation report helped push the US dollar lower. Equities held up well (S&P500 +0.1%) despite continuing US-Nth Korea tensions ...

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