This is a weekly survey on consumer sentiment – it does not tend to have an immediate impact on AUD FX – Falls to 115.5 from 117.4 the previous week 4 week MA at 116.9
US Treasury Secretary Mnuchin statement on the trade war with China reported via Bloomberg So many posts on US / China trade … Hopefully they will all STFU soon …
British Retail Consortium (BRC) data showing continued price deflation – The biggest drop for this economic indicator since February of 2017 Helen Dickinson, the BRC’s chief executive,
Another escalation of the trade war now, China Ministry of Commerce to announce countermeasures soon Headlines via Reuters Add these to the earlier news and comments:
China’s US embassy says condemns and firmly opposes the unfounded section 301 investigation So far today on this: No end in sight for the escalation of the trade war.
The miss on the Australian data today was … February building approvals: -6.2% m/m (expected -5.0%) Response (this summary is in brief) via Westpac: Dwelling approvals … result was below market expectations of a 5% decline but should be considered broadly in line given the extreme volatility in recent months.
, a good beat and good data Australia February retail sales: +0.6% m/m(expected +0.3%) Westpac responding (this in very brer) – We also had building approvals data from Australia today which wasn’t so great – but as I said prior and over the release, the market focus was on the retailing numbers.
Citi say they are going long at 77.34 (reco from a few hours ago) $NZDJPY – stop loss at 76.10 – minimum target of 79.35-79.50 Westpac, on the other hand:
ArticleBody Eurozone preliminary (flash) inflation data for March is due at 0900GMT on 4 April 2018 – Along with February unemployment (expected 8.5%, prior 8.6%) CPI previews via:
on developments in US politics: The Washington Post reports Mueller told Trump’s attorneys the president remains under investigation but is not currently a criminal target