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10 Jul 2019

Australia: Consumer confidence fell to 2yr lows - TDS

Analysts at TD Securities note that the markets ignored Australia’s Westpac Consumer sentiment print for July even though confidence fell to 2yr lows, -4%/m.

Key Quotes

“The survey covered the period after the A$158b in tax cuts were legislated and the RBA cut the cash rate earlier this month. We had anticipated bounce but there were substantial falls in expectations about personal finances and the economy over the next year. Sentiment amongst mortgage holders dropped 3% and concerns about unemployment lifted sharply in NSW, Vic and WA.”

Jul 10, 2019

USD/JPY expected to climb to 109.30 – UOB

FX Strategists at UOB Group now see USD/JPY advancing to the 109.30 region in the near term. Key Quotes 24-hour view: “Our view yesterday was that the
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Jul 10, 2019

US: All eyes on Fed today – Danske Bank

Danske Bank analysts suggest that in the US, markets will look out for two interesting events on the agenda: the release of the June FOMC minutes and
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