US Economic Data back at the Center Stage after quieter Trade Affairs between Trump & China

Daily Update - 9th August 2018

Yesterday’s Markets

• CNY Trade Balance
• AUD RBA’s Governor Philip Lowe Speech

Yesterday’s Focus

By early dawn Australian Governor Philip Lowe gave out his speech. It’s not the central bank decision that’s driving the price action, but rather rising demand for risky assets. RBA Governor Philip Lowe delivered a speech titled Demographic Change and Recent Monetary Policy" today. There he reiterated that “the next move in interest rates to be up, not down”. But the timing will depends upon the “speed of the progress” in “reducing the unemployment rate and having inflation return to around the midpoint of the target range on a sustained basis.

China released their Trade Balance report which was negative and it was not exactly and highlight for them as expected figures.

 

Today’s Market

• RBNZ Interest Rate Decision & Monetary Policy Statement
• US Initial Jobless Claims & Continuing Jobless Claims
• JPY Foreign Bond Investments & Factory Orders

Today’s Focus

By dawn Reserve Bank of New Zealand will release their Interest Rate Decision and Monetary Policy Statements which will be a highlight on their Current Outlook of New Zealand Economy.

Followed by reports from Japan on the Foreign Bond Investments & Factory Orders which will be a Key Indicator of the Manufacturing Sector of Japan and their Foreign Investment status.

Finally to conclude we will be having Key Data of the Week from US and it will be on Initial Jobless Claims & Continuing Jobless Claims. Indicator of the current US Job Sector Growth.