I posted the results for this data point earlier Westpac now with an (this in summary) analysis:
The Westpac Leading Index is a very useful indicator of where the economy is heading Comes in at a lacklustre +0.01% m/m – prior +0.13% revised from +0.01% The data point does not tend to be an immediate forex lover. As I said earlier though,
The earlier posts are here: But, here is a recap via AFP which has a little more Two Trump lieutenants found guilty, president implicated ForexLive
A rather empty calendar day ahead of the PMI flurry tomorrow The session yesterday was a bit of a dud so let’s see if things will heat up today or the bare calendar will give reason for traders to stay away from their desks.
I posted a good while back on the potential for USD intervention from the US Its a crazy idea but I am not discounting President Trump and what he might do. Anyway, since I posted there have been a few jumping on board with thoughts. This, for example from JPM:
Trump’s national security adviser John Bolton is speaking in Jerusalem – Crisis with Turkey could end “instantly” if they free pastor Brunson without condition ForexLive
Trump in front of a crowd in West Virginia After all the news earlier be on the alert for some sort of distraction etc. Dunno what form it will take, so far its been on comments dissing ESPN. Go figure.
Oh dear. Earlier we got reports of a Nafat agreement, at least a nod and a wink sorta deal Canada says no …. Mexico joining in now CAD and MXN being moved around on the headlines, first the two gained, now givin’ it all back!
NZD/USD was marked up above 0.6700 on the strong Q2 retail sales data: Sellers of AUD/NZD are impacting on AUD/USD, which has lost a few points. Also weighing is negative news for AUD/JPY:
This is in relation to the earlier news: An unnamed CAD govt official speaking – Says has received no notice a deal is imminent CAD is giving back some of its earlier addition