AUD's marathon of data for the week has continued today with the release of the October Retail Sales and Trade Balance. Note: Retail Sales was the main focus in these releases. The data arrived as follows : Imports (Oct)   0% vs prior 3%. Exports (Oct)   -5% vs prior 3%. Trade Balance (Oct)   4502 M vs 6100 M expected and prior 7180 M. Retail Sales s.a. (MoM) (Oct)   0% vs 0.3% expected and prior 0.2% . AUD/USD has dumped 0.17% and counting for the session on the knee-jerk on the back of the combined disappointments in the data. Source : FX...

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RECENT NEWS

U.S. companies' hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook. Private payrolls rose 96,000, a three-month low, after a downwardly revised 131,000 advance the prior month, according to a Labor Department reportFriday that trailed the median...

The data published by the Automatic Data Processing (ADP) showed that employment in the private sector in August increased by 195,000 following July's 142,000 (revised from 156,000) reading and surpassed the market expectation of 149,000. With the initial market reaction, the US Dollar Index pulled away from daily lows and was last down 0.17% on the day at 98.23. Commenting on the data, œIn...

AUD/USD has rallied around 10 pips on the inline data in Gross Domestic Produce data, (GDP), which dominates the calendar for Asia today. Of late, we have seen a mixed series of partial indicators such as the soft construction & inventories data wile, despite the trade wars, exports had surprised to the upside. The updated Bloomberg consensus was for 0.5% quarter (QoQ), 1.4% year (YoY) as...

U.S. factory activity unexpectedly contracted in August for the first time in three years as shrinking orders, production and hiring pushed a widely followed measure of manufacturing to its lowest level since January 2016. The Institute for Supply Management's purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data...

China's August Caixin manufacturing PMI came in at 50.4 vs. 49.8 expected and 49.9 last, as operating conditions improved slightly last month. On Saturday, the purchasing managers' index (PMI) for China's manufacturing sector arrived at 49.5 in August, down from 49.7 in July, the National Bureau of Statistics (NBS) reported. Source: FXstreet

U.S. personal spending accelerated in July, exceeding forecasts and indicating household consumption remained solid at the start of the third quarter and will continue as the economys dominant growth engine. Consumer outlays for goods and services, which account for about 70% of gross domestic product, increased 0.6% during the month after a 0.3% June advance, Commerce Department...

U.S. economic growth decelerated in the second quarter by more than initially reported, with stronger consumer spending offset by weaker readings across other categories that suggest President Donald Trump's trade actions are weighing more heavily on the pace of expansion. Inflation-adjusted gross domestic product grew at a 2% annualized rate, according to Commerce Department data...

The Conference Board (CB) today announced that consumer confidence remained strong in August with the headline Consumer Confidence Index easing slightly to 135.1 in August from 135.8 but beating the market expectation of 129.5, per Reuters. Further details of the publication revealed that the 1-year inflation expectations rose to 5% from July's 4.6% (revised from 4.7%) and the Present Situation...

ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The...
UNITED STATES
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
Thursday, 6 June 2019 19:54 WIB The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs...
EUROPE
German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services. A flash...
GLOBAL ECONOMY
Trump Mengatakan China Akan `Mengurangi dan Mengeluarkan' Tarif Impor Kendaraan
Monday, 3 December 2018 12:08 WIB Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat...

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