USD-denominated terms, following up from the ‘yuan terms’ data posted a few minutes ago China trade balance $62.33bn: expected $42.6bn, prior was $46.42bn Exports +7.2% y/y: expected -0.6%, prior 0.5% Imports -1.4% y/y: expected 0.9%, prior was 2.7% Big, big beat for exports. Data from China is sometimes thought to be a little suspect in
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Weekly jobless claims data Lowest since the pandemic started Prior was 1434K (revised to 1435K) Continuous claims 16107K vs 16900K PUA claims 655K vs 909K prior (lowest since the week the program was introduced) Better numbers on initial jobless claims but it’s still daunting how they’ve remained so high. For bank trade ideas, check out
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Forex news for Asia trading Wednesday 5 August 2020  After leaping above $2,000 during US trade gold carried on higher to touch above $2,030 before losing some steam. On the currency board, NZD was a gainer after a strong beat on the most recently reported headline unemployment rate. Further details in the jobs report were
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