US could unveil new tariff list on China by next week – WSJ

The Wall Street Journal is reporting that the US is going ahead with an expanded list of tariffs against China for a further $100 billion in duties on Chinese-made goods. The trade war escalation continues as the White House is confident its hard-nosed strategy is effective. Key quotes: Th ...

US Ross: committed to fostering prosperity across the Americas

US Commerce Secretary Wilbur Ross is hitting the wires, stating that the US is committed to fostering prosperity across the broader Americas region. Key highlights: In direct reference to NAFTA discussions, as well as ongoing Latin America issues. Ross says that the US will not abandon leadershi ...

Russia wants coordinates of US strike targets – Russian media

Russian news media is reporting that Russia is demanding the coordinates of the US' targets in Syria for impending missile strikes. Key highlights Russia expects strike target coordinates. Must eliminate the possibility of Russian casualties. Russia and the US are communicating through ...

AUD/JPY looking to 83.00 but downside pressure is locking it in

The Aussie is maintaining its bullish stance, but momentum is evaporating as markets mull over Syria actions. Chinese trade data could impact the Aussie today if the numbers swing wide enough. The AUD/JPY is trading near 83.20 after traders toned down their demand for the safe haven Yen thi ...

Forex today: dollar stronger on Syria imminent risk toned down

The dollar was stronger on the 89 handle, trading between 89.443 - 89.960 and markets were more positive with Trump toning down the ante over Syria when he tweeted ”Never said when an attack on Syria would take place. Could be very soon or not so soon at all!”  Also, Trump ha ...

New Zealand Business NZ PMI: 52.2 (March) vs previous 53.4

Trump boost risk assets on his Syria talk – Westpac

Analysts at Westpac noted that having warned Russia on Tuesday that missiles “will be coming”, President Trump tweeted ”Never said when an attack on Syria would take place.  Key Quotes: "Could be very soon or not so soon at all!” This flipflop wasn’t to ...

Fed’s Kashkari: hard to game out where US trade dispute with China will end

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari is speaking at a Q&A session. Key notes: Have not seen wage growth nationally likely still some slack in labor mkt immigration has benefitted the US tremendously US has to avoid a trade war, must avoid a trade wa ...

White House on Syria: “no final decision has been made”

Markets have been glued to their screens waiting for the latest headlines on Syria and just what Trump intends to do. The US President met with his national security team on Syria on Thursday but "no final decision has been made" the White House said in a statement. "We ar ...

South Korea Export Price Growth (YoY) climbed from previous -1.3% to -0.9% in June

South Korea Import Price Growth (YoY) increased to 3.1% in June from previous 0.4%

Key data picks reviewed – ANZ

Analysts at ANZ explained the key data points from overnight.  Key Quotes: "The number of Americans filing for unemployment benefits fell 9,000 to 233,000 last week, suggesting employment growth is likely to remain healthy despite undershooting expectations in March. US import prices wer ...

Crude oil WTI consolidating below 67.45 a five-year high

Tensions in the Middle-East and the Iranian deal keep oil higher. Crude oil WTI is trading at 5-year highs.  Crude oil WTI is trading at around $67.13 per barrel, up 0.59% on Thursday, trading at levels not seen since late 2014.  The worsening geopolitical tension in th ...