USD/JPY had traded a bit higher earlier ti above 111.30 but is dropped a bit the last few minutes Around 111.00 as I update Dragging yen crosses down with it
China’s ‘state planner’ is the National Development and Reform Commission — Yeah, sure. Never mind that though, we are all facing relatively big pressure just keeping our eyelids apart on this snoozer.
There have been plenty of muttering about that a deal between the US and Mexico will be reached in coming days. Latest is Reuters with the headline comment
Official July PMIs from China will be out on Friday this week, – manufacturing expected 51.0, prior 51.2 – non-manufacturing prior 54.0 – composite prior 53.6 Mark that on your calendars. Due at 0100GMT August 30.
A fall for the y/y growth rate to 16.2% – June industrial profits were +20% y/y July was the first full month of trade war impacts. For the ytd result (January to July), profits +17.1%.
Its the Summer bank holiday today in the UK. Expect not quite so much liquidity during European / UK hours Monday. Stay tuned, we’ll be getting the opening week yuan mid rate from the PBOC soon.
FX option expiry at 10am New York time EUR/USD – 1.1470 EUR 983m – 1.1475 540m – 1.1500 2.1bn – 1.1510 583m – 1.1600 782m – 1.1625 2.4bn – 1.1700 961m – 1.1740 652m USD/JPY
Liquidity is returning to the forex market as more of Asia gets active on Monday Its just gone 9am in Tokyo and 8 in HK and Singapore. New Zealand and Australia have been up and running,
Fitch will be the first of the big three rating agencies to review Italy – An announcement is expected Friday Politics is expected to be a point of particular uncertainty. Moody’s, for example, launched a review of the country in May and only last week announced it was extending the review so as to get…
Australia has a new PM and some new cabinet member appointments. Josh Frydenberg got the job as deputy leader of the Liberal Party and he is also Australia’s new Treasurer