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White House says deeply trouble by the arrest of Jimmy Lai in Hong Kong

Related to this yesterday:  Jimmy Lai is also a leading pro-democracy advocate. He has been arrested under the new National Security Law. In that post I gave a heads up to watch for US reaction … if this is it not much of an escalation at all. Maybe there will be more to come ? 
Aug 11, 2020 Read more

EUR/GBP end-year forecast 0.89, to fall after

UBS on the euro against the GBP (in brief): - We expect the multi-year sideways trend of EURGBP in a 0.85-0.90 range to continue. Spikes above 0.90 so far have proven to be shortlived.
Aug 11, 2020 Read more

Japanese markets are back from a long weekend (Monday holiday), Nikkei stock index up 1%

And USD/JPY popping higher also Through 106 to highs circa 106.13 as I update. Major FX a little lower against the USD almost across the board.
Aug 11, 2020 Read more

Australia (NSW state) 22 new cases of COVID-19 in the past 24 hours

The highest number in  NSW in this 2nd wave. An order of magnitude below the numbers in the state of Victoria, but still not a good sign. - 4 cases in hotel quarantine
Aug 11, 2020 Read more

Japan July bank lending rises at its fastest pace on record

Data from the Bank of Japan for bank lending in the July 2020 BOJ official says:
Aug 11, 2020 Read more

Singapore Q2 GDP -42.9% q/q (annualised) (expected -43%)

Note that -42.9% is annualised, the economy DID NOT shrink by nearly half in Q2. Still, an ugly, ugly number.
Aug 11, 2020 Read more

South Korea first 10 days of August exports collapse 23.6% y/y

There will be some consolation that the first 10 days of this month included 4 weekend days But, the headline is ugly: - exports down 23.6% y/y - imports down 24.3% y/y  Wrong chips, my bad
Aug 10, 2020 Read more

Australia news - NT says border will remain closed for at least the next 18 months

Northern Territory Chief Minister Michael Gunner says the border will remain closed for at least 18 months from today.  This is probably only of interest to Australian readers.
Aug 10, 2020 Read more

RBNZ policy meeting this week - preview (and where to for the NZD)

Reserve Bank of New Zealand Monetary Policy Statement and media conference Earlier posts: Via Citi (in brief): - RBNZ ... policy will be left unchanged but risks are dovish And on the NZ$:
Aug 10, 2020 Read more

Australia weekly consumer confidence: 86.5 (prior 88.6)

ANZ/Roy Morgan survey ANZ comments: - move to Stage 4 restrictions in Melbourne put further downward pressure on sentiment last week - confidence falling to its lowest level since the last weekend of April
Aug 10, 2020 Read more

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