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Wednesday, August 21, 2024

Asia Market Movers: China automaker lobby warns of enormous risks and uncertainty from EU tariffs on EVs

China automaker lobby warns of enormous risks and uncertainty from EU tariffs on EVs

China Automobile Manufacturers Association: firmly opposes EU Commissions final draft on high tariffs on Chinese made electric vehicles hopes EU will adhere to dialogue and cooperation with China, mai... 

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US non farm payrolls revisions data due Wednesday - could wipe off 1mn jobs

Adam posted on this on Tuesday: Eyes on Wednesday's non-farm payrolls benchmark revisions Adam included the estimate from Goldman Sachs of between 600K and 1mn jobs to be cut from the data. And JP Mor... 

USD/JPY swings have continued again today

While we had a data release from Japan earlier the yen doesn't need much to move around. Japan - July exports +10.3% y/y (expected +11.4%) & imports +16.6% y/y (expected +14.9%) The volatility rec... 

Federal Open Market Committee (FOMC) July meeting minutes will be published today

July 30 - 31 Federal Open Market Committee (FOMC) meeting minutes are due on Wednesday 21 August 2024. Of more focus this week, of course, is Fed Chair Jerome Powell's speech at the Jackson Hole Sympo... 

Australian July leading index ticks into positive

From the report: The six-month annualised growth rate in the Westpac–Melbourne Institute Leading Index ticked back up to +0.06%. The last nine months has seen the Index growth rate hover in the –0.3 t... 

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Latest Forex Orders

FX option expiries for 20 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1100 level. The pair also has a large set of expiries at 1.1000 but that should not factor much i... 

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