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8 Sep 2014
Key events on Monday - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, reviews the day ahead in the Forex market.
Key Quotes
We see the second estimate of Japan’s Q2 GDP at 9:50am Syd/7:50am Sing/HK, with a slight downward revision expected, to -1.8% q/q from -1.7% (-7% annualized). The Aug economy watchers survey is also due. Most interest will be in China’s Aug trade data (no fixed time, probably around 1pm Syd/11am local). July saw a record high surplus of $47.3bn, surging from $31.7bn in June. Consensus is for exports to rise 9% y/y, imports 3% y/y. The calendar in Europe and the US is low key, with Germany’s July trade data unlikely to impact.
Key Quotes
We see the second estimate of Japan’s Q2 GDP at 9:50am Syd/7:50am Sing/HK, with a slight downward revision expected, to -1.8% q/q from -1.7% (-7% annualized). The Aug economy watchers survey is also due. Most interest will be in China’s Aug trade data (no fixed time, probably around 1pm Syd/11am local). July saw a record high surplus of $47.3bn, surging from $31.7bn in June. Consensus is for exports to rise 9% y/y, imports 3% y/y. The calendar in Europe and the US is low key, with Germany’s July trade data unlikely to impact.