Ahead of RBA
Busy calendars in the US, the EU and Asia will keep markets on their toes this week. In the US, further evidence that the recovery continues at a solid pace…
Read More »ForexLive Americas FX news wrap: Dollar circles the drain
Forex news for New York trade on August 28, 2020: Markets: – Gold up $35 to $1964 – WTI crude flat at $42.97 – US 10-year yields down 3 bps…
Read More »Gold and the week ahead
What Drives the Gold Market? With the start of the new trading week, the price of gold and oil rose along with many other commodities, however, crude oil lost ground…
Read More »Japan press reports that PM Abe hospital visit is for a regular check up
Kyodo press with the info on the Prime Minister’s hospital visit. Said to be for a regular check. Either that or he took a turn after hearing the GDP result:
Read More »Japan – Jibun Bank/Markit July PMI Services 45.4 (prior 45.0) and Composite 44.9 (prior 40.8)
P Comments from Markit: The ‘ dependent on the virus’ viewpoint is a constant caveat, as Fed Chair Powel said last week, almost the same as Markit here:
Read More »Japanese economy minister Nishimura: To consult with experts on relaxing restrictions on July 10
The Japanese economy minister Nishimura will o consult with experts on relaxing restrictions on July 10. More to come…
Read More »Jibun Bank/Markit (June) PMIs: Services 45.0 and 40.8Composite
Japan – Jibun Bank/Markit Services and Composite PMI (final) for June Services 45.0, preliminary was 42.3Composite 40.8, preliminary was 37.9 more to come
Read More »Japan – Jibun Bank/Markit Manufacturing PMI (final) for June: 40.1 (vs. May was 37.8)
Preliminary was 37.8 (prior 38.4) – 14th straight month in contraction – Lower output and new orders
Read More »Japan press says Japan to ready 1m doses of coronavirus vaccine for swift distribution. Note, there is no vaccine.
Nikkei with the report that biotech venture AnGes will ready production capacity for 1 million doses of COVID19 vaccines by March They also say, and this is key (!):
Read More »USDJPY – 6-day high to 6-week low
USDJPY, H1 USDJPY dipped from levels just under 107.00 to a low of 106.74, and then rallied to a six-day high at 107.22 during the European session, following the Navarro…
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