Gracie
Australia September business confidence -4 (prior -8), conditions 0 (prior -6)
National Australia Bank business survey
Business conditions 0
-6 in August
the low for this was -34 in April
long-run average is +6
rise for all 3 submeasures in September, both trading and profitability into positive territory
employment sub-component still negative
Business confidence -4
SquaredFinancial Strengthens Client’s Fund Security
Photo: SquaredFinancial
SquaredFinancial, the international investment firm and brokerage, has made an important change to the way clients funds are protected as it confirms a new insurance policy with Lloyd’s of London.
Manie Van Rooyen, Chief Executive of SquaredFinancial Seychelles, commented:
PM Abe's No. 2 Suga formally announces run for top spot – Nikkei
The Nikkei reports that the Chief Cabinet Secretary Yoshihide Suga on Wednesday announced his candidacy to succeed Prime Minister Shinzo Abe as leader of the ruling Liberal Democratic Party, vowing to push forward with the Japanese premier's signature economic policies.
Lead paragraphs
The 71-y
AUD/JPY remains on the offer after dismal Aussie trade data
AUD/JPY keeps losses after key data releases in Australia and China.
Australia's trade surplus narrowed more than expected in July.
China's Caixin Services PMI for August bettered estimates by a big margin.
AUD/JPY is trading in the red near 77.80 following the release of Australia's trade data
BOJ’s Kataoka: Need to try to reduce downward pressure on prices
Bank of Japan (BOJ) monetary policy board member Goushi Kataoka emphasized the central bank’s desire to get higher inflation.
Key quotes
“BOJ should clarify its intention of cutting rates, buy JGBs aggressively.”
“By cutting rates the Bank of Japan can ease the burden on companies.”
“Bank must promi
Next soars on good news
In mid-morning trading the FTSE 100 is twenty points higher, lifted by a positive outlook from retailer Next.
Markets await storm of news and data.
Investors look for direction as August looms.
Next gets back to normal.
Big earnings, a Fed decision, and appearances from tech CEOs in front of
Gold Price Analysis: Corrective downside likely while below $1937 – Confluence Detector
Gold (XAU/USD) trades with sizeable gains so far this Monday, having recorded fresh life-time highs at $1944.76 earlier in the Asian session.
The unprecedented level of monetary and fiscal stimulus adopted by the global central banks and governments have weighed heavily on the inflation-adjusted US
CySEC Orders Firms to Follow FATF’s COVID-19 AML/CFT Policies
Photo: CySEC
The Cyprus Securities and Exchange Commission (CySEC) has ordered all regulated entities under it to implement the Financial Task Force (FATF)-recommended COVID-19-related anti-money laundering (AML) and counter-terror financing (CFT) policies.
The official letter was issued on July 1
European Economics Preview: UK Inflation Data Due
Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for June. Inflation is forecast to slow to 0.4 percent from 0.5 percent in May.
Economists
XE Market Analysis: North America - Jun 23, 2020
The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. The cause
USDCHF at Resistance
#USD/CHF#
Good Evening Traders, The USDCHF is once again entering an area of strong resistance. Price has been rejected twice at the Trend-Line where two previous sell-offs occurred. Hidden Bearish Divergence is forming on the 12H MACD /Price Chart. I will be watching for a short-e
Swiss Market Ends On Firm Note Despite Weak Data
The Switzerland stock market, back to business after a long weekend, ended on a firm note on Tuesday, as investors picked up shares amid hopes the reopening of businesses will help boost economic growth.
However, gains were somewhat limited due to data showing Switzerland's retail sales to have decl
Higher Open Predicted For Thai Stock Market
The Thai stock market has moved higher in three straight sessions, gathering more than 40 points or 3 percent along the way. The Stock Exchange of Thailand now rests just above the 1,345-point plateau and it's expected to see continued support on Thursday.
The global forecast for the Asian markets i
Pull-up Update