FX News

Tuesday 13/09
2:45pm, AUD, RBA Gov Lowe Speaks

Wednesday 14/09
12:30am, USD, CPI m/m
Forecast 0.40%
Previous 0.50%
12:30am, USD, Core CPI m/m
Forecast 0.30%
Previous 0.30%
6pm, GBP, CPI y/y
Forecast 2.90%
Previous 2.00% Read more

Key Points:

• Worldwide coronavirus cases surpass 221.924 million with over 4.587 million official deaths.

• New Zealand has 625 active cases of coronavirus with 13 new cases yesterday. Meanwhile, the Australian State of New South Wales reported 1405 new cases and 5 deaths yesterday with Victoria reporting 334 new cases.
• Vaccine passports are coming to NZ with New Zealanders required to have proof of covid vaccinations by Christmas.
• Japan set to extend their state of emergency in 19 regions to the end of September.
• Retail Card Spending in NZ plunged -19.8% as the impact from lockdowns is felt.
• DOW and S&P trades lower for the fourth straight day.

Market Overview

Key Points:

• Worldwide coronavirus cases surpass 221.924 million with over 4.587 million official
deaths.
• New Zealand has 729 active community cases of coronavirus with 20 new cases yesterday. Meanwhile, the Australian State of New South Wales reported 1282 new cases and 5 deaths yesterday with Victoria 246
• Markets still predicts the RBNZ will raise rates at their October policy meeting
• With recent Bank of Canada negative turndown in GDP in the second quarter we are unlikely to see a taper of their bond purchases at tomorrow’s meeting
• UK inflation expectations out 1 year were unchanged at 3.1% but the bad news was the long-term forecast ticked up to 3.5% from 3.4% Read more

Tuesday 07/09
All Day, CAD, Bank Holiday
All Day, USD, Bank Holiday
4:30pm, AUD, RBA Rate Statement

Thursday 09/09
2am, CAD, BOC Rate Statement
3am, GBP, Monetary Policy Report Hearings
Tentative, CAD, BOC Press Conference
11:45pm, EUR, Monetary Policy Statement

Friday 10/09
12:30am, EUR, ECB Press Conference
4am, CAD, BOC Gov Macklem Speaks Read more

• Worldwide coronavirus cases surpass 219.853 million with over 4.553 million official deaths.

• New Zealand has 736 community cases of coronavirus with 49 new cases announced yesterday. Meanwhile, the Australian State of New South Wales had 1288 new cases yesterday with Victoria 176.
• ANZ still predicts the RBNZ will raise rates at their October policy meeting
• PM Johnson is to announce a tax hike next week in an effort to bring down NHS waiting lists.
• The greenback is on the defensive breaking lower Friday ahead of US Non-Farm Payroll releasing.

Market Overview

Key Points:

• Worldwide coronavirus cases surpass 217.777 million with over 4.522 million official deaths.
• New Zealand has 562 community cases of coronavirus with 53 new cases announced yesterday. Meanwhile, the Australian State of New South Wales had 1290 new cases yesterday with Victoria 76.
• Japan Industrial Production for July -1.5% m/m based on -2.5% expected.
• Japan’s Unemployment Rate for July came in at 2.8% – 2.9% expected.
• New Zealand Building Permits for July +2.1% m/m, 3.8% prior.
• The Pentagon announces completion of the US withdrawal of troops from Afghanistan.
• Hurricane Ida weakens out to a tropical storm with flash flooding continuing in Southern Louisiana and Southern Mississippi. Read more

Monday 30/08
All Day, GBP, Bank Holiday

Wednesday 01/09
1:30PM, AUD, GDP q/q
Forecast 0.60%
All Day, All, OPEC Meetings
All Day, All, OPEC-JMMC Meetings

Thursday 02/09
12:15AM, USD, ADP Non-Farm Employment Change
Forecast 650K
2AM, USD, ISM Manufacturing PMI
Forecast 58.7 Read more

Key Points:

• Worldwide coronavirus cases surpass 215.356 million with over 4.485 million official deaths.

• New Zealand has 277 community cases of coronavirus with 68 new cases announced yesterday. Meanwhile the Australian State of New South Wales had 1029 new cases yesterday with Victoria 80.
• The death toll is mounting in Kabul following a bombing early this morning, numbers now show 13 US military personnel confirmed dead. 
• New Zealand Consumer Confidence drops to 109.6 in August following July’s 113.1 clearly a sign of existing level 4 lockdowns.
• Federal Reserve’s Kaplan doesn’t see a shift sooner from 2022 rate hikes. 

Key Points:

• Worldwide coronavirus cases surpass 213.211 million with over 4.452 million official
deaths.
• Australia weekly consumer sentiment survey: 101 – previous week 101.
• New Zealand Finance minister Robinson reports NZ has a strong fiscal position to handle lockdowns.
• New Zealand has 107 community cases of coronavirus with 35 new cases announced yesterday. Meanwhile the Australian State of New South Wales had 818 new cases yesterday with Victoria 50.
• Australian GDP will most likely fall 2.0% in the third quarter, then expand by 2.0% in the fourth quarter as restrictions are gradually eased.
• Gains in US Stocks/Equities overnight with the Nasdaq closing up 1.55% after word that the Pfizer Vaccine has been formally approved by the FDA Read more

Tuesday 24/08
1:45am, USD, Flash Manufacturing PMI
Forecast 62.4
Previous 63.4
1:45am, USD, Flash Services PMI
Forecast 59.1
Previous 59.9

Thursday 26/08
12:30am, USD, Core Durable Goods Orders m/m
Forecast 0.40%
Previous 0.50% Read more