- Australia Q2 House Price Index +4.7% Qtr/Qtr.
- Australia Q2 House Price Index +9.8% Yr/Yr.
- China's Xi says Advancing Convertibility of Yuan on Capital Account in Steady, Orderly Manner.
- China's Xi says Economy is Still Operating within Proper Range.
- China's Xi says Economy Faces Downward Pressure, a Problem in Course of Progress.
- China's Xi says China will maintain Strong Commitment to Deepening Reform, while opening wider to outside World.
- China's Xi says Developing Capital Markets Key Goal of China's Reform, Will not change just because of Current Market Volatility.
- China's Xi says No Basis for Sustained Yuan Depreciation.
- China's Xi says Reform of Yuan Formation Regime will continue in Direction of Market Operations.
- Indonesia FinMin- FX Reserves adequate as long as it covers 6-7 month of Imports.
- Indonesia C/Bank Gov says not worried if Forex Reserves Fall below $100bln.
- China's Communist Party Sacks Stock Regulator Assistant Chairman after Graft Probe.
- Asian Development Bank Cuts Growth Forecasts for Developing Asia to 5.8% this Year, 6.0% Next Year.
- ADB Lowers China Growth Estimate to 6.8% this Year, 6.7% in 2016.
- ADB Trims India Growth Estimate to 7.4% this Year, 7.8% in 2016.
- China Academy of Social Sciences says China Economy Likely to Grow 6.9% in 2015-Shanghai Securities News.
- PBOC Sets Yuan Mid-Point at 6.3721 / Dollar Vs Last Close 6.3691.
- (0200 ET/0600 GMT) Switzerland Trade balance.
- (0430 ET/0830 GMT) UK PSNB Ex banks GBP.
- (1000 ET/1400 GMT) Euro zone Consumer Confidence Flash, previous -6.8%, consensus -7.00%.
Key Events Ahead
FX Recap
EURUSD: Pair is trading quietly around 1.12 handle in Asia today, after having suffered almost 1% loss in the previous session. The US dollar gained broadly overnight as Federal Reserve (Fed) officials indicated that a rate hike before the New Year was still possible. Moreover, as long as we have low economic growth in the euro area, interest rates will also stay low, European Central Bank Governing Council member Ewald Nowotny said on Monday. Ahead in the day the spot could be influenced by the sentiment in the stock markets and by reports on Euro zone economic sentiment and consumer confidence for September. It made intraday high at 1.1204 and low at 1.1181. Initial support is seen around at 1.1015 and resistance at 1.1560 levels.
USDJPY: The greenback continues to pick up pace on Monday, now lifting USD/JPY to test fresh session peaks above 120.50 levels. Japanese markets were spared losses, with three-consecutive bank holidays taking place from Monday through Wednesday. Absent activity in the Japanese markets until Thursday, the main highlights today will be US HPI as well as Richmond manufacturing index. Pair made intraday high at 120.59 and low at 120.32 levels. Initial resistance is seen at 123.20 and support is seen at 118.42 levels.
GBPUSD: Sterling is supported above 1.5500 levels. It made intraday high at 1.5528 and low at $1.5502 levels. The greenback, in terms of the US Dollar Index, continues to extend its gains against its G10 peers at the beginning of the week. Today UK will release public sector net borrowing as well as CBI industrial order expectations data for the further directions. Initial support is seen at 1.5185 and resistance is seen around 1.5725 levels.
NZDUSD: Kiwi remains pressured on the 0.63 handle and stalled its recovery mode after the recent fall to 0.6300 levels on Monday. The greenback showed solid strength against the New Zealand yesterday supported by hawkish comments from Fed officials Bullard and Lockhart. Pair is supported above $0.6300 levels. Pair is currently trading at 0.6320 levels. It made intraday high at 0.6331 and low at 0.6306 levels. Initial support is seen at 0.6195 and resistance at 0.6511 levels.
AUDUSD: House-price inflation in Australia accelerated at a faster pace than expected last quarter, with record-low interest rates continuing to drive demand for property, particularly in the main centres. Australia's House Price Index (HPI) surged 4.7% in the April-June months, the fastest pace since the March-2010 quarter, and up from a 1.6% rise in the March quarter. Analysts expected the index to rise 2.5% last quarter. It made intraday high at 0.7146 and low at 0.7120 levels. Initial support is seen at 0.6908 and resistance at 0.7245 levels.
Equity Recap
Japanese bourses were closed on Tuesday for a bank holiday.
Hong Kong's benchmark Hang Seng index advanced 0.18% to 21,796.55 points at the opening bell on Tuesday, and mainland China's benchmark Shanghai Composite grew 0.14% to 3,160.80 points at the same time, while Korea's benchmark Kospi index rose 0.17% to 1,968.00 points this morning in Seoul.
The benchmark Australian S&P/ASX 200 index rose 0.79% to 5,106.20 points in Sydney, partly undoing Monday's sharp losses.
New Zealand's benchmark S&P/NZX 50 index crept up 0.16% to 5,692.45 points this afternoon in Wellington.
Australia's S&P/ASX 200 index closes up 0.54 pct at 5,093.50 points.
Treasury Recap
Thailand 30 bln baht, 182-day central bank bond average accepted yield 1.50230 pct. Thailand 30 bln baht, 91-day central bank bond average accepted yield 1.49810 pct.
US treasuries prices fall further, 30-year bonds lose 2 points in price.
New Zealand government bonds eased, sending yields 3 basis points higher along the curve.
Australian government bond futures retreated, with the three-year bond contract off 4 ticks at 98.080. The 10-year contract was down 4.5 ticks to 97.2050.
Commodity Recap
Gold steadied below a near three-week high on Tuesday, retaining overnight losses as Asian equities and the dollar edged higher and as investors worried over the possibility of a U.S. interest rate hike later this year. Spot gold was little changed at $1,133.01 an ounce by 0328 GMT, after a 0.5 percent drop on Monday. The metal had climbed to a near three-week high of $1,141.50 last week.
Oil has been extremely volatile over the past few days, swinging from huge gains to steep losses as traders are facing an oversupplied market amid worries over slowing global demand. Futures for WTI dropped 1.41% to trade at $46.02 per barrel, while Brent futures were traded 1.06% lower at $48.40 per barrel.
