FX Coinbot

Japan wages data for May, Labor cash earnings: -2.1% y/y (expected -1.0%)

6 Jul 2020

This data point is unlikely to move forex upon release

Labor cash earnings -2.1% y/y
- expected -1.0% y/y, prior -0.7%
Real cash earnings -2.1% y/y

Australia weekly consumer confidence 92.1 (prior 93.0)

6 Jul 2020

ANZ/Roy Morgan survey, confidence falls to an 8-week low
ANZ comments
- consumer confidence in economic conditions deteriorated
- While the return to lockdown has so far been localised to 12 Melbourne postcodes, the confidence effect is more pervasive.
ANZ second comment related to the surge in cases in Australia's second largest city, Melbourne

Japan - Tokyo records 5th consecutive day of +100 new coronavirus cases

6 Jul 2020

The count of COVID-19 cases newly confirmed in the capital for July 6 is in, at 102
I'm awaiting the number from Australia, yesterday's was over 100 just in the city of Melbourne.

EU threatens retaliation against the US if it puts tariffs on EU goods (Boeing - Airbus)

6 Jul 2020

The US has threatened to impose tariff duties on EU goods such as beer, gin and olives.
This is part of the 15 year trade ware the two have been engaged in on subsidies for Airbus.

New Zealand - NZIER economist says contraction in GDP will not be as severe

6 Jul 2020

The NZIER QSBO was out earlier:
Chief economist of NZIER interviewed by bbg Bloomberg says:
activity gauge indicates annual GDP fall will be 2% in Q2
not as severe

President Bolsonaro of Brazil is said to be displaying symptoms of coronavirus

6 Jul 2020

One of President Trump's key allies and partner in denial of the virus. Bolsonaro has cancelled events while awaiting test results.
Let's hope he does not have it, or if so he recovers soon. Countless Brazilians have not been so fortunate.

Australia Services PMI for June: 31.5 (prior 31.6)

6 Jul 2020

Australia Australian Industry Group Performance of Services Index is lower on the month at 31.5
Well, that sucks.
Last week was the other services PMI from Australia

NZ data - NZIER Quarterly Survey of Business Opinion: - sharp drop in business activity

6 Jul 2020

New Zealand Institute of Economic Research QSBO survey was conducted over the main period of the COVID-19 lockdown.
Confidence -63%
- (prior -70%)
Main points, in summary:

The UK 6 month stamp duty holiday may take effect immediately from Wednesday

6 Jul 2020

UK Chancellor Sunak is considering a six-month stamp duty holiday as part of tax changes in his autumn Budget:
He is to deliver the report on Wednesdy
Latest word from the UK is Sunak is now planning to announce this stamp duty holiday will take effect immediately from Wednesday due to fears that delaying it would bring

BoE Governor Bailey will postpone his meeting with government members

6 Jul 2020

Bank of England Governor Andrew Bailey was set to meet with Conservative MPs on Wednesday
- 1922 committee
Postponed now.
Chancellor Sunak is scheduled to deliver a statement on Wednesday, it appears the Bank did not want Bailey's meeting to clash with this.