• N.Z. July Trade Balance (survey -41m, prior 331m). 12 mth YTD (-891m prior -747m) at 22:45 GMT .
  • N.Z. July exports (survey 3.7b, prior 4.2b) July imports (survey 3.76b, prior 3.87b ) at 22:45 GMT.
  • RBA Stevens testifies before house economics committee at 23:30 GMT.
  • Japan July corporate service price index y/y (survey -0.2%, prior -0.3%) at 23:50 GMT.
  • Australia June conference board leading index m/m (prior 0.4%) at 00:00 GMT.
  • China August flash business sentiment indicator at 01:35 GMT

Here we go again , a very disappointing PMI number out of China last night , the AUD/USD falls 25 pips from 1.0535 then consolidates the rest of the session around 1.0525 and looking bid . I walk in today and see AUD/USD a big figure lower because of the “weak PMI number”. (will throw in a less dovish remark by Bullard to add to it ). I’ve forgotten how frustrating this Asian time zone can be with reactions or lack of any to releases and statements . All I can say is if RBA Governor says Australia is now an “unlucky country” , just sell it and wait till Europe/U.S. to get in to take your profit. TGIF


Good Luck Today