UK jobless claims data headlines an otherwise quiet economic calendar in European trading hours. A small increase is expected, but the outcome seems unlikely to generate lasting follow-through from the British Pound considering its limited impact on the direction of near-term BOE monetary policy.
The Japanese Yen underperformed in overnight trade, with prices mirroring a rebound in S&P 500 futures and hinting at recovering risk appetite as the catalyst at work. Tellingly, the sentiment-linked Australian, Canadian and New Zealand Dollars proved to be best-supported.
A lull in high-profile event risk offers relatively few barriers to disrupt established momentum, hinting that overnight moves may carry forward in the hours ahead. The degree of follow-through may ultimately prove limited however as traders look ahead to top-tier US data on the horizon.
Asia Session
|
GMT |
CCY |
EVENT |
ACT |
EXP |
PREV |
|
21:30 |
NZD |
REINZ House Sales (YoY) (AUG) |
-3.1% |
– |
-10.1% |
|
22:45 |
NZD |
BoP Current Account Balance (2Q) |
-0.945b |
-0.295b |
1.184b |
|
22:45 |
NZD |
Current Account GDP Ratio YTD (2Q) |
-2.9% |
-2.6% |
-3.1% |
|
00:30 |
AUD |
Westpac Consumer Conf Index (SEP) |
101.4 |
– |
101 |
|
00:30 |
AUD |
Westpac Consumer Conf SA (MoM) (SEP) |
0.3% |
– |
2.0% |
|
02:00 |
JPY |
Tokyo Condominium Sales (YoY) (AUG) |
-24.7 |
– |
-30.7% |
|
04:30 |
JPY |
Industrial Production (MoM) (JUL F) |
-0.4% |
– |
0.0% |
|
04:30 |
JPY |
Industrial Production (YoY) (JUL F) |
-4.2% |
– |
-3.8% |
|
04:30 |
JPY |
Capacity Utilization (MoM) (JUL) |
0.6% |
– |
1.5% |
