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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.

Specs keep increasing bets on the USD - TDS

The FX Team at TDS reports the latest changes in the CFTC Commitments of Traders Report, for the week ending Tuesday, noting that the theme of increasingly bullish bets on the USD to the detriment of EUR and JPY continued through the week ending on Tuesday September 2nd.
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