Hurricane Harvey was the theme in the US shift – ANZ

Analysts at ANZ explained that the devastating hurricane Harvey dominated headlines overnight, with damage estimated to range between USD30bn to USD100bn according to insurance analysts. Key Quotes: "The Houston metropolitan area accounted for 3.1% of US GDP in 2015, while the Port of Housto ...

US data reviewed and GDP tracker update – Nomura

Analysts at Nomura offered a review for the advanced goods trade balance. Key Quotes: "According to the Census Bureau’s Monthly Advance Economic Indicators Report, the preliminary estimate of the July goods trade balance was a deficit of $65.1bn. This trade gap is slightly greater tha ...

AUD/JPY: risk off on North Korea sends the cross over a point lower

Currently, AUD/JPY is trading at 86.06, down -1.08% on the day, having posted a daily high at 87.10 and low at 85.71. AUD/JPY is in a minor correction of the recent supply that has seen the cross sent down 130 pips as investors scramble for cover and away from the carry trades. Japanese chie ...

Japan Jobs/applicants ratio meets forecasts (1.52) in July

Japan Unemployment Rate meets expectations (2.8%) in July

Japan Overall Household Spending (YoY) came in at -0.2%, below expectations (0.7%) in July

Gold gains in Asia as NKorea latest missile test rattles

Investing.com - Gold gained in Asia on Tuesday after North Korea again ratcheted up tensions in the region with a fresh missile test that flew over Japanese territory. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose 0.58% to $1,323.05 a troy ounce ...

Dollar down sharply vs yen after Nkorea missile test

Investing.com - The dollar fell sharply against the yen on Tuesday in Asia as North Korea fired a missile across Japanese territory, putting tension on the Korean peninsula front and center. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major ...

USD/JPY is testing levels through the 108 handle on N.Korea/Japan news

Currently, USD/JPY is trading at 108.79, down -0.41% on the day, having posted a daily high at 109.29 and low at 108.75. USD/JPY has dumped following the N.Korean-Japan news as markets search for safe havens as the drums of war go off with N.Korea firing three missiles, one of which passed throug ...

Yen taking up the bid on the N.Korea missile news

Local Japenese media warned residents of Northeast Japan to seek shelter immediately after N.Korea was reported to have fired a missile.  However, it has most recently been reported that the missile passed over Japan. BNO news had the story: "The incident began on early Tuesday mornin ...