Job openings up next The June JOLTS report is due at the top of the hour and expected to show 6625K openings, up down fractionally from 6638K in May. At the same time, the Canadian Ivey PMI is also due.
Yields are higher The major US indices are opening with modest gains, with the Nasdaq leading the move In other markets: Spot gold is up $5 at $1212.65 WTI crude is up $0.28 at $69.31
RBA kept rates on hold The RBA kept rates on hold and the currency was moving that way, but it was higher stocks that have seemed to push funds into the risk of that currency today. It is the strongest. Conversely, there has been a move out of the US which has been on run…
Forex news from the European trading session – 7 August 2018 Headlines: Markets: – AUD leads, USD lags behind on the day – European equities all higher – Gold up 0.60% to $1,214.70
Borghi is the head of the budget committee according to Di Maio After the elections, Di Maio made a pledge that his economic plan was to “keep budget deficit at 1.5%”. The outgoing party in-charge at the time (PD) had a 2018 forecast of 1.6% of GDP for the budget deficit.
A preview of the foreign currency reserves information due from China today, Tuesday 7 August 2018 There is no scheduled time for the releases, it usually (given past experience) comes in the afternoon (China time), Europe morning
This Reserve Bank of Australia preview via Barlcays gets to the point: We expect the RBA (Tuesday) and RBNZ (Thursday) to remain on hold this week The Barclays note is, though, more detailed; some snippets:
I have posted up some previews of the August Reserve Bank of Australia already, check these out for more: Adding some previews, this via RBC: — OH …. headline I had at 0130GMT, its at 0430GMT. This can only mean one thing….
A delegation of Turkish officials will head to Washington in two days for discussions There have ongoing tensions between Turkey and the US (centring on differences over Syria policy, the trial of US pastor Andrew Brunson on terrorism charges)
This is the Australian Industry Group Performance of Construction Index (PCI), which tends not to be an immediate mover of the forex – The only July PMI from Australia to improve, clocks its 18 consecutive month in expansion This completes the 5 Australian PMIs for the month, earlier;