Author: Mike Paterson

Nikkei 225 closes up +0.15% at 20,079.64

Mixed session on softer USDJPY and dovish FOMC tones 27 July - high 20176.35 - low 20005.20 - Topix +0.37% at 1626.84 - USDJPY 111.00 still trying to make its mind up but dip demand expected into 110.80 Australia's S&P/ASX200 closes up 0.21% at 5788.60

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Author: Mike Paterson

Germany August GFK consumer confidence 10.8 vs 10.6 exp

Germany August GFK consumer confidence report 27 July - 10.6 prev Better than expected/prev but not going to set pulses racing. EURUSD 1.1738, EURGBP 0.8932, EURJPY 130.22 all dipping as I type.

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Author: Mike Paterson

USDJPY dipping again as Nikkei 225 nears closing time

USDJPY and the Nikkei both retreating into the close 27 July 10 minutes to go until Japanese equity markets close and we're seeing USDJPY dip to 110.95 from 111.05 but there's demand between here and stronger into 110.80

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Author: Mike Paterson
1

Economic data coming up in the European session 27 July

Economic data coming up in this session 27 July Greetings one and all. How did the FOMC treat you?  We never say never in forex and much as I've been sceptical about the number and pace of rate hikes my initial thought, through sleepy early morning eyes, is that this latest USD dump is overdone. We'll see if that's the case but don't look for an instant correction.

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Author: Eamonn Sheridan
8

ForexLive Asia FX news wrap: AUD surges again

Forex news for Asia trading Thursday 27 July 2017 After a weak session for the USD overnight following the Federal Open Market Committee statement it was a bit more weakness for it in Asia today, notably against the Australian dollar.

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Author: Eamonn Sheridan
6

Heads up for more from the US on Thursday - durable goods (June)

If the Federal Open Market Committee statement wasn't enough, there is more due from the US today (Thursday 27 July 2017) - Due at 1230GMT, along with inventory data, Chicago Fed data and Kansas Fed data For the durable goods report, some bank 'what to expect's:

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Author: Eamonn Sheridan

Moody's changes outlook for China's banking system to stable from negative

This via the folks at Reuters on the latest from Moody's on China banking - Outlook for China's banking system changed to stable from negative - Revision reflects expectations that nonperforming loan formation rates will be relatively stable at current levels ---

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Author: Eamonn Sheridan
1

Goldman Sachs raises forecasts for price of iron ore

Goldman Sachs on iron ore prices 3-month forecast raised to $70 a metric ton (from $55) - Year-end target up $5, to $60 GS citing - higher than expected demand from China - remaining steel mills benefitting from higher prices after government closed some plants, cutting some excess capacity 2018 prices are expected to fall on expanded supply producing a glut

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Author: Eamonn Sheridan
10

AUD/USD pops to a new high - some supportive data not hurting

Terms of trade: Australia Q2 Import Price Index -0.1% q/q (expected +0.7%) & Export -5.7% q/q (exp -5.5%) - As I posted in my preview of this ... a fall in the terms of trade confirmed by this data, its not fresh news and not a surprise: China's economy:

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Author: Eamonn Sheridan
3

Is China's yuan being manipulated? Big Mac vs. Mini Mac

A bit of fun from CFR, but with a point - this on the valuation of China's currency: Check it out here Or, in brief: - Both indexes currently show the dollar overvalued against most currencies

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