When are Aussie retail sales and how could they affect AUD/USD?

The week is kicking off with key data events early this week, making for some potential volatility on Monday in Asia.  April retail sales will be released at 01.30 and at the same time, Aussie Q1 business indicators, that includes various data to help guide GDP forecasts, including busines ...

Japan Monetary Base (YoY) registered at 8.1% above expectations (7.6%) in May

US data highlights the fundamental strength of the US economy – ANZ

Analysts at ANZ explained that the data highlight the fundamental strength of the US economy, despite the geopolitical malaise and trade uncertainties. Key Quotes: "NFP beat expectations at 223k, with the unemployment rate down a tenth to 3.8%." "Wage growth was also better tha ...

China Press: trade deal with US off if tariffs are imposed

China's state-run Xinhua news agency carried a weekend piece that warned that current agreements between the US and China would become void if the United States implements their tariffs or other trade measures targeting China. US Commerce Secretary Wilbur Ross met with China's Vic ...

US Kudlow: Canada’s Trudeau is “overreacting” to trade dispute

White House economic advisor Larry Kudlow stated on the weekend that Canadian Prime Minister Justin Trudeau is "overreacting" to the ongoing NAFTA dispute that saw the US impose hefty steel and aluminum tariffs on Canada and Mexico, as well as the EU, late last week.  Trudeau calle ...

The week ahead: scheduled data to keep an eye on – Nomura

Analysts at Nomura highlighted the scheduled events for the major FX space. Key Quotes: "United States | Data preview Upcoming data will likely indicate elevated business sentiment but muted productivity growth. "Factory orders (Monday): The Census Bureau’s advance estimates sugges ...

AUD/USD trying to hang on to 0.7550 ahead of Aussie Retail Sales

The Aussie's last-minute bounce on Friday heads into the new week facing trade headline challenges. AUD Retail Sales kick off the new week, sluggish growth expected. The AUD/USD is trading near 0.7565, near Friday's close as Monday starts off with a middling stance ahead o ...

AUD/USD in a chop between 0.7500 and 0.7600 – BBH

Analysts at Brown Brothers Harriman explained that the Australian dollar closed higher against the US dollar for the second consecutive week and the third week of the past four.  Key Quotes: "However, for the better part of the past three weeks, the Aussie has mostly chopped betwee ...

China warning that any deals they produce might “not take effect”

China has warned that any deals they produce might "not take effect" The warning came after  U.S. Commerce Secretary Wilbur Ross and China's top economic official, Vice Premier Liu He, concluded talks with Beijing's pledge to narrow its trade surplus. Just as Trum ...

Market wrap: a sustained boost to US equities – Westpac

Analysts at Westpac explained that the US May employment report was stronger than expected, providing a sustained boost to US equities.  Key Quotes: "The rise in US yields was more muted and the US dollar was mixed - up against JPY but about flat versus AUD, NZD and EUR." "Ris ...

The two biggest upside risks for EUR/USD currently – Nordea Research

Analysts at Nordea explained that Trump’s decision to levy steel and aluminium tariffs on the EU, Canada and Mexico increases the risk of a bigger trade war. Key Quotes: "The initial market take-away on tariffs is USD-negative (at least it was USD negative in March, when th ...

DXY: there could be a corrective phase ahead – BBH

Analysts at Brown Brothers Harriman explained the dollar's inability to rally ahead of the weekend on the back of a constructive jobs report and a re-pricing of the trajectory of Fed policy may signal that a corrective phase lies ahead.  Key Quotes: "The market had grown a bi ...

Israel stocks higher at close of trade; TA 35 up 0.51%

Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Banking, Oil&Gas and Financials sectors led shares higher. At the close in Tel Aviv, the TA 35 gained 0.51%. The best performers of the session on the TA 35 were OPKO Health Inc (TA:OPK), which rose 4.23% or 57 ...

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