Reply To: Traders Market Weekly: Expect the Unexpected

#45435
Truman
Participant

Japan’s August Current Account deficit JPY530 bln (expected deficit JPY470 bln; last deficit JPY630 bln). September Economy Watchers Current Index 48.4 (expected 47.9; last 45.5)
Australia’s August Building Approvals 28.1% m/m and Private House Approvals 4.1% m/m (last 0.8%). September NAB Business Survey 25 (last 22) and Business Confidence 5 (last 10). October Westpac Consumer Sentiment -0.9% m/m (last 3.9%).
New Zealand’s September Electronic Card Retail Sales 1.4% m/m (last 1.0%); 28.6% yr/yr (last 26.9%)
Japan’s Prime Minister Kishida said that he is not looking to shorten the tenure of Bank of Japan Governor Kuroda, adding that he supports the central bank’s policy despite its effect on the yen.
China reportedly plans to conduct mass coronavirus testing in Shanghai, fueling concerns about the potential for new lockdowns.
Australia’s Treasurer said that the budget, which will be released on October 25, will not forecast a recession.