Greetings all!
Well, today and tomorrow we lose the Chinese stock markets ... they're off for a long holiday weekend for WW2 commemorations.
Movements in Chinese stocks have been a driver of markets during this time zone ... but today ... well ... not.
We'll have to find something else to play with.
On the economic data front from Australia and New Zealand ... here's what's coming up:
2245GMT - New Zealand - Q2 'Value of All Buildings' .... not an immediate FX market focus
- expected is +0.5% and prior was +1.5%
2330GMT - Australia - August Services PMI (officially the Performance of Services Index) from AiG (Australia Industry Group .... but they don't capitalize the "I" for industry in their initials .... go figure)
- prior was 54.1 (in expansion, just like the Australian manufacturing PMI showed two days ago)
0000GMT - Reserve Bank of Australia publish a research paper that should be interesting and maybe even give some hints about policy .... Its titled: Unprecedented Changes in the Terms of Trade. At the very least it should generate a few headlines, none of which will likely be a roaring positive for the AUD ... something to be aware of. At the same time there is another discussion paper being released from the RBA, this one titled: The Life of Australian Banknotes. I might wait for the movie on that one (Pixar, of course).
0130GMT - Australia - and the focus for eco data today ... July trade balance
- expected is a deficit of 3160 prior was -2933m
0130GMT - Australia - and also a focus - Retail Sales for July
- expected is +0.4% and prior was +0.7%
