AUD/JPY grinding above 82.50 ahead of China trade numbers

Aussie traders are bracing for China trade data early today. The safe-haven Yen remains a popular choice across the broader market. The AUD/JPY is trading on the bullish side heading through Wednesday's early session, testing into 82.65 after catching some lift in Tuesday's markets ...

Japan Bank lending (YoY) came in at 2%, below expectations (2.3%) in July

Japan Current Account n.s.a. below expectations (¥1195B) in June: Actual (¥1176B)

Gold looking for a break of the 21-D SMA at $1,227

Gold remains under pressure headed for a break of 2018 lows and to crack the July 10 2017 lows while submerged by the 10-D SMA. On the flipside, a break higher through the descending resistance lines will open up the case for a double bottom on a weekly basis.  1265 marks the ke ...

US urges Canada, Saudi Arabia to resolve dispute – Reuters

According to reporting by Reuters, the US State Department is urging Canada and Saudi Arabia to resolve their current spat, though the US has so far not offered any assistance. Key quotes "The U.S. State Department on Tuesday urged Canada and Saudi Arabia to use diplomacy to resolve thei ...

GlobalDairyTrade price index was unchanged – ANZ

Analysts at ANZ explained that despite derivatives pointing to a small lift, the GlobalDairyTrade price index was unchanged overnight with mixed results at the subcomponent level: a 0.1% rise in whole milk powder, a 1.2% lift in anhydrous milk fat and a 1.3% rise in cheddar broadly offset a 0.3 ...

New Zealand Fin Min Robertson: there is every reason to be optimistic

New Zealand's Finance Minister, Grant Robertson, hit media wires today with statements meant to inspire some optimism in New Zealand's economic growth. Robertson stated that there is "every reason to be optimistic" on the NZ economic outlook, though many traders will note tha ...

US finalizes more China tariffs, due August 23rd – Reuters

As reported by Reuters, the US has finalized a new set of tariffs on Chinese goods, targeting $16 billion in imports. China has already vowed to retaliate against the move with their own set of expansions on current tariffs. Key quotes "The United States will begin collecting tariffs o ...

AUD/USD Review: bounce back into 0.7400 stalls within consolidation

The Aussie faces knock-on action from Wednesday's China Trade Balance figures. A lack of action from the RBA has left the AUD/USD in a sluggish pattern. The AUD/USD is trading just above the 0.7400 technical level after finding support through Tuesday's London market session, and no ...

US Job openings beats revised prior data – Nomura

Analysts at Nomura offered a review of the US JOLTS data. Key Quotes:  "June JOLTS data showed job openings rose to 6.662mn during the month, up marginally from an upwardly revised 6.659mn in May (previously reported as 6.638mn). The job openings rate was unchanged at 4.3%. The tota ...

Key US CPI preview – Nomura

Analysts at Nomura offered their outlook for the key data release this week for the US in CPI. Key Quotes: "We expect headline CPI to increase 0.2% (0.227%) m-o-m in July, pushing up its y-o-y change to 3.0% (2.993%) from 2.9% previously." "Excluding food and energy prices, we expec ...

Peru stocks higher at close of trade; S&P Lima General up 0.10%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Banking&Financials, Agriculture and Telecoms sectors led shares higher. At the close in Lima, the S&P Lima General added 0.10%. The best performers of the session on the S&P Lima General were Rimac ...

NZD/USD: bulls committed to the key support level, Kiwi under-performing

The markets were range-bound overnight and lacking fresh impetus. NZD/USD stabilising above key support, but is fragile on the RBNZ this week. NZD/USD has been rejected at the 100-hr SMA and week's opening previous resistance level around the 0.6750 mark. The bird has suffered a sell-of ...