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Economic calendar due from Asia today - Monday 13 July 2020
A nearly empty data agenda for the session here in Asia to open the new week.
2245GMT New Zealand food price index for June, prior -0.8% m/m
0430GMT Japan Tertiary Industry Index for May, expected -3.7% m/m, prior -6.0%
Data from Japan's Ministry of Economy, Trade and Industry (METI).
In brief,
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AUD/USD: Further gains lie above 0.7010 – UOB
Extra gains are expected in AUD/USD if the 0.7010 level is cleared in the next weeks, noted FX Strategists at UOB Group.
Key Quotes
24-hour view: “Our expectation for AUD ‘to dip below 0.6910” yesterday was wrong as it staged a sharp reversal after touching a low of 0.6922. The solid bounce could ed
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USD/IDR Price News: Indonesian rupiah bears await trade data to cheer break of 50-day SMA
USD/IDR stays near the highest levels in seven weeks ahead of the key Indonesian trade numbers.
Forecasts suggest decline in headline Trade Balance from $2.09B to $1.11B, Exports and Imports are likely to recover.
Monthly ascending trend channel could restrict the pair’s run-up beyond the key EMA.
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Asia Market: The vaccine trial is the cherry on top
US equities were stronger Tuesday, the S&P up 1.3% with steady gains late in the session after a choppy session earlier, and oil and gold were both up a bit.
Improved US equity sentiment came with a positive start to Q2 earnings reports, with JPMorgan and Citi beating expectations despite citin
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Gold Futures: Extra gains not ruled out
According to preliminary figures from CME Group for Gold futures markets, open interest went up by around 9.6K contracts, reaching the second build in a row. Volume followed suit and resumed the upside by nearly 32K contracts.
Gold seen challenging YTD peaks
The positive performance of prices of the
Pull-up Update