Forex news for Asia trading on Monday 30 August 2021
- Westpac look ahead to the Australian GDP data due mid-week, see upside risk
- Economic calendar due from the US and Canada today , Monday 30 August 2021
- Pfizer board member and MD outlines timeline for vaccine delivery to 5-11 year-olds
- Australian Inventories for Q2 +0.2% q/q (expected 1.2%)
- New Zealand reports 53 new cases of COVID-19 on the day
- PBOC sets USD/ CNY reference rate for today at 6.4677 (vs. Friday at 6.4863)
- 1290 new record high daily COVID-19 cases for Sydney / NSW (Australia's largest population city and state)
- Australia - second airline mandates coronavirus jabs
- Hurricane Ida - Power out across nearly all of New Orleans
- China PMI data for August due this week - what to expect
- Coronavirus - New Zealand to review lockdown restrictions today, Monday 30 August 2021
- Japan Retail sales for July +2.4% y/y (expected 2.1%)
- NZD a "flyer" - forecast as high as 0.77 by year-end
- Weekend - Israel offering a COVID-19 booster to all vaccinated people
- North Korea appears to have resumed operation of its plutonium-producing reactor
- CEO of Australia's Wesfarmers (one of Australia's largest conglomerates) urges vaccine mandate laws
- RBNZ release an Analytical Note on impact of hiking mortgage rates
- (Update) EU set to recommend halting nonessential travel from the US
- Trade ideas thread - Monday 30 August 2021
- US gulf - Hurricane Ida - more than 95% Gulf crude oil, 94% natural gas offline
- Monday morning open levels - indicative forex prices - 30 August 2021
Weekend:
- Category 4 hurricane Ida set to bear down on US gulf coast
- OPEC+ could reconsider plans to add more oil barrels this week
- Coronavirus - Singapore hits 80% fully vaccinated. Sydney hits 1200+ new cases in a day.
- Chinese authorities are to clamp down on "self-media" "bad-mouthing" the economy
- Video: The 'perfect' chart and September seasonal trends
Hurricane Ida made landfall on the US gulf coast bringing damaging winds and rain and shutting down the bulk of oil production. Oil prices had gained ground through last week and the gap higher in price in Sunday evening opening US trade was subsequently filled in.
Across the FX space ranges were subdued, Asian traders not showing much response in price acitivty at least to the speech from Fed Chair out of the Jackson Hole (virtual) symposium. EUR/USD and GBP/USD have ticked a few points higher from late Friday levels while AUD, NZD, CAD are all little net changed against the USD.
USD/CHF traded lower early here but has subsequently moved to little net change.
Regional equities:
Japan's Nikkei -0.36%
China's Shanghai Composite +0.33%
Hong Kong's Hang Seng +0.41%
BTC weekend update;
