China trade balance for July: CNY 342.8bn (expected CNY 311.85bn)

on , from forexlive.com

China trade balance for July: expected CNY 311.85bn, prior was 311.2bn Exports : expected +2.3%, prior was +1.3% y/y Imports : expected -1.1%, prior was -2.3% y/y Exports coming in at a beat, while imports a steep drop on the month For the YTD data, exports are down 1.6% y/y while imports down 4.8% (yuan terms again) ADDED - here comes the USD terms.... China trade balance for July: USD52.3bn expected +$47.3bn, prior was +$48.11bn Exports -4.4% y/y expected -3.5%, prior was -4.8% y/y Imports -12.5% y/y expected -7.0%, prior was -8.4% y/y - The weaker yuan is lending support to exports in local ... (Read the full story)

Thinking of an Olympic bet on Brazil’s stock market? Check this data first

on , from marketwatch.com

Having the Olympics in your backyard may not always be the economic boon it is expected to be. Since the 1984 Los Angeles games, six out of the eight summer Olympics host countries saw an increase in value in their local stock market index during the games. However, the average increase was about 1.8%, which has been about the same as the performance of the overall MSCI World Index increase of about 2% during the same period, according to data from FactSet. Both Sydney (2000) and Beijing (2008) saw declines in their local indexes in the two weeks the Olympics were held, of about 0.9% and 7.7%, respectively. Additional factors, such as ... (Read the full story)

Reasons to believe the US dollar will start to force down the value of the New Zealand currency

on , from interest.co.nz

Local determinants of the Kiwi dollar’s direction (interest rate movements, dairy prices and overall economic performance) are expected to play a reduced role in influencing the forex market over coming weeks. There is no fresh domestic news and recent monetary policy developments are already priced-in to the NZD/USD exchange rate at 0.7140. The FX market is expecting a 0.25% OCR cut this Thursday at the RBNZ’s Monetary Policy Statement. The markets also expect a confirmation from the RBNZ that they will cut again as the currency remains well above their assumed levels to get inflation back above the minimum requirement/limit ... (Read the full story)

Job ads fall 0.8% in July: ANZ

on , from sbs.com.au

The number of jobs ads in July fell for the first time after two months of gains, indicating the labour market is slowing. The labour market has lost momentum, with the number of job ads falling for the first time since April. Job ads on the internet and in newspapers slipped 0.8 per cent in July, after rising just 0.4 per cent in June. However, in the year to July, job ads were up 6.9 per cent, figures from ANZ show. (Read the full story)

BNZ revised RBNZ rate cut call, see 1.5% cash rate by year end

on , from forexlive.com

BNZ says the RBNZ will cut rates in August, September and November Bloomberg with the headline - Try to keep this quiet, we wouldn't want to wake up the NZD .... sheesh, talk about sleepy .... (Read the full story)

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