OctaFX | OctaFX Forex Broker
Open trading account

China trade balance eyed - Westpac

FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, reviews the Asian calendar ahead, highlighting the Chinese trade balance as the main event.

Key Quotes

"China’s Sep trade data is the main regional release (1pm Syd/10am local). The surplus is expected to remain very large, though down on Aug, $41bn versus $49.8bn. Exports are seen up 12% y/y from 9.4% y/y in Aug but much of the surplus is due to weak commodity prices cutting import prices, with the value of imports expected around -2% y/y, after -2.4% y/y in Aug."

USD, AUD weakness main theme in early Asia

The US Dollar is being sold quite hard across the board, as is the Australian Dollar with the Yen, Euro and Pound so far capitalizing the most on the American currency weakness.
Read more Previous

AUD/USD: Heaviness persists, PBoC headlines weighing?

AUD/USD keeps weakening in Asia, with the lowest level hit so far at 0.8660, with comments over the weekend by PBOC chief economist on no need for big stimulus seemingly weighing on the AUD.
Read more Next
Start livechat