Coming up in Asia Pacific trading: It's RBA day, Japan household spending too
It's RBA day. The decision will come at 2230 GMT and no change from the 4.35% cash rate is expected now or for awhile.Before that, we will have some notable data with Japanese December household spending out at 1830 GMT and expected to contract 2.1% y/y but rise 0.2% m/m. Data on overtime pay and overall labor cash earnings are due too.Before we get the RBA decision, the Q4 Australian data on retail trade is due as well. I can't understand why this is still being released quarterly in the digital age but that makes it particularly impactful. AUD had a bit of a rough one in US trading, falling 0.5% or 31 pips. Eamonn is off today so I'll be filling in. This article was written by Adam Button at www.forexlive.com.
It's RBA day. The decision will come at 2230 GMT and no change from the 4.35% cash rate is expected now or for awhile.
Before that, we will have some notable data with Japanese December household spending out at 1830 GMT and expected to contract 2.1% y/y but rise 0.2% m/m. Data on overtime pay and overall labor cash earnings are due too.
Before we get the RBA decision, the Q4 Australian data on retail trade is due as well. I can't understand why this is still being released quarterly in the digital age but that makes it particularly impactful.
AUD had a bit of a rough one in US trading, falling 0.5% or 31 pips.
Eamonn is off today so I'll be filling in. This article was written by Adam Button at www.forexlive.com.
