Shares 122 Views

Forex Today: AUD hit by poor eco data, Sentix, Draghi eyed

We had an eventful Asian session, with the crucial Australian retail sales and Chinese services PMI releases, both of which disappointed markets and triggered fresh sell-off in AUD/USD. Meanwhile, the US dollar traded largely subdued against most of its majors in the Asian hours, despite sharp losses in the US treasury yields in wake of Friday’s unimpressive US NFP data.

We have a data-light calendar to kick-off a brand new week, with the Eurozone Sentix Investor Confidence and retail PMI data expected to fill in the EUR calendar, while ECB President Draghi’s speech will also grab a lot of attention ahead of the US Labour Market Conditions Index (LMCI).

Main topics in Asia

Australia’s Dec retail sales misses expectations

Australia’s retail sales for the month of December came at -0.1% vs +0.3% expected and -1.9% last. The data is a negative input for the Aussie, last trading at 0.7660.

PBOC: Banking system liquidity at a relatively high level

The Chinese central bank (PBOC) came out with a statement on Monday, citing that banking system remains at a relatively high level.

Asian stocks rally as Dollar slips

Stock markets Asia are trading higher this Monday morning with banking shares leading the way on heightened prospects of roll-back of Dodd Frank act under Trump administration.

China Caixin China Services PMI down to 53.1 from previous 53.4

Key focus for the day ahead

The Week Ahead – Danske Bank

Analysts at Danske Bank enlist key macro events from across the globe that could emerge the main market movers in the week ahead.

You may be interested

press release
shares4 views

FarmaTrust – Blockchain and AI solution purifies pharmacology supply chain

Brian Evans - Feb 20, 2018

Disclaimer: This is a paid sponsored article, and it does not reflect the values or beliefs of the news network and the author. We keep due diligence…

shares3 views

Finland Mandates Cold Storage, Public Auctions for Seized Bitcoins

Brian Evans - Feb 20, 2018

The Finnish government has released guidelines prescribing how authorities must handle the 2,000 bitcoin confiscated since 2016.

shares7 views

A Beginner’s Guide to MobileGo

Brian Evans - Feb 20, 2018

As cryptocurrencies continue to grow, groups of coins are priming themselves for real integration into worldwide industries. Among these industries, video gaming is perhaps the most ripe for…

Most from this category

shares14 views
shares22 views

What Is Streamr DATAcoin?

Brian Evans - Feb 20, 2018
%d bloggers like this: