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Friday, September 6, 2024

Asia Market Movers: Japanese household spending rose less than expected in July - recap

Japanese household spending rose less than expected in July - recap

The data from earlier is here: Japan data - July household spending +0.1% y/y (expected +1.2%) Consumer spending +0.1% in July y/y compared with the median market forecast for 1.2% month-on-month saw... 

tranche

Fed speakers today include Williams and Waller - then the 'blackout' period begins

The NFP is at 1230 GMT / 0830 US Eastern time: Goldman Sachs on what its gonna take from NFP for a 50bp interest rate cut from the FOMC What would it take from non-farm payrolls to get a 50 basis poin... 

Chinese banks used swaps to build short positions in the dollar of around US$100 billion

Bloomberg (gated) carry the report on exposures of Chinase state-owned banks. In summary: State run Chinese banks have used FX swaps to prop up the yuan Bloomberg cites estimates that the banks have b... 

Federal Open Market Committee (FOMC) blackout period begins on the weekend

The 'blackout' policy from the Federal Reserve limits the extent to which Federal Open Market Committee participants and staff can speak publicly or grant interviews. The period begins the two Saturda... 

Australian July home loans +2.9% m/m (expected +1.0%)

Housing finance has been on an up trend. AUD/USD little changed.... 

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FX option expiries for 5 September 10am New York cut

There are quite a number to take note of on the day, as highlighted in bold . The first ones are for EUR/USD and they are layered between 1.1060 through to 1.1100. The expiries are likely to help keep... 

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