Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
The Russian economy fell by 0.6% on an annual basis in July—compared to Market expectations of a 1.0% decline and lower than a decline of 0.5% in June.
Taiwan’s economy rose by 0.7% on an annual basis in 2Q16—compared to a contraction of 0.29% in the previous quarter and slightly above estimated forecasts.
Urjit Patel was announced as the RBI’s 24th governor. He’s serving as Raghuram Rajan’s lieutenant. Urjit Patel has worked under Rajan as the deputy governor.
The bitcoin-US dollar pair fell by 1.3% on August 17 after a release from bitcoin.org asking customers to be wary of a potential attack on its new update.
Given the two major changes brought about by Statistics New Zealand, markets should view this unemployment release as a benchmark for upcoming releases.
The ZEW economic sentiment index for Germany (EWG) (HEWG) rose to 0.5 in August from -6.8 in the previous month. It was below estimated forecasts of 2.0.
Thailand’s economy rose by 3.5% on an annual basis in 2Q16. The GDP rose at the fastest pace since 1Q13. On a quarterly basis, its GDP grew by 0.8% in 2Q16.
The Russian index, MICEX, rose to an all-time high—helped by investors turning their attention to how the rebound in crude oil prices can be best captured.
In terms of the macro calendar, the major data releases for the week starting August 15 from the US side will include the CPI and the building permits release.
Major Asian currency pairs were trading on a negative bias against the US dollar on August 12, 2016. The US dollar broadly rose against the other currencies.
Critical European markets (DBEU) were all trading on a positive note at the end of trading on August 9, 2016. The rise was led by the German index DAX.
Bitfinex announced that it will generalize losses across its users. This would mean that Bitfinex users will experience ~36% losses on their Bitcoin assets.
The inflation rate in Taiwan rose by 1.2% in July on an annual basis—above expectations of 1.1% growth and last month’s rise of 0.91% in consumer prices.
ADP published the ADP non-farm payrolls for July on August 3. It acts as a prelude to the Bureau of Labor Statistics’ Final NFP (non-farm payroll) numbers.
The official manufacturing PMI for China, published by the National Bureau of Statistics of China, came in at 49.9 for July—slightly below June’s reading of 50.
The BoJ’s monetary policy was the most awaited macro event this week. It was the first major central bank to expand its easing program after the Brexit vote.
Recently, the trade surplus for Thailand increased as imports fell lower than exports in the Thai economy. THD rose by 0.81% at 1:30 PM EST on July 28.
Inflation levels in Australia rose by 1.0% in 2Q16—slightly below estimated forecasts of a 1.1% rise and softer than the previous quarter’s rise of 1.3%.
The Fed had a meeting on July 27 to decide on the monetary policy. The tone of the Fed’s statement made a case for the September meeting to be a live one.
Singapore’s industrial production fell on an annual basis by 0.3% in June—compared to a rise of 0.8% in the previous month and expectations of a 0.2% fall.
Asian currencies traded lower against the dollar ahead of the FOMC statement. The US dollar-Japanese yen currency pair rose by 0.80% at 6:00 AM EST on July 27.
The MNI China business sentiment index rose to 55.5 in July—compared to 54.5 in the previous month. It released at the highest level since October 2015.
The RBA (Reserve Bank of Australia) induced a sell-off in the Australian dollar when it kept the door open for rate cuts in the future. It said inflation rates are still below the target.
Inflation rate in the United Kingdom pushed higher to release at 0.5% on an annual basis in June. However, it was still below the central bank’s target of 2%.
The IMF cut its global economic growth forecasts, according to the latest IMF World Economic Output Update dated July 19. The cut in forecasts was expected.
The Australian dollar could gain more if the RBA doesn’t provide a strong hint of cutting interest rates. The central bank is concerned about economic growth.
The Central Bank of Malaysia unexpectedly reduced the benchmark interest rate by 25 basis points to 3% on July 13—bringing the rates to two-year low levels.
The price growth in Germany could signal an increase in inflation levels. This would lessen some pressure on the ECB to announce fresh stimulus measures.
The Scandinavian indexes were trading on a higher note towards the end of the day on July 11 following higher inflation numbers in Scandinavian countries.
Latin American markets were trading higher on July 9—taking cues from other emerging markets. Brazil’s inflation rate was released lower at 8.8% in June.
Inflation levels in China eased more in June. They grew at the slowest pace since January at 1.9% on an annual basis. They were expected to rise by 1.8%.
The BOE is scheduled to release it monetary policy on July 14—the first after the United Kingdom decided to leave the European Union in a historic referendum.
Statistics Canada published the Canadian labor report on the same day as the US non-farm payroll release. The report suggested a fall of 700 jobs in June.
Average hourly earnings are a major indicator to be considered when looking at employment statistics. Average hourly earnings rose $0.02 to $25.61 in June.
On July 6, major European indexes were trading lower for the second day. The fall in the indexes was led by the Italian FTSE MIB and the UK-based FTSE 100.
New factory orders in the US fell by 1.0% in May—compared to the forecast of a fall of 0.8%. The factory orders for April were revised down to a rise of 1.8%.
