{"id":27595,"date":"2018-07-30T11:33:18","date_gmt":"2018-07-30T06:03:18","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27595"},"modified":"2018-07-30T11:33:18","modified_gmt":"2018-07-30T06:03:18","slug":"monday-30th-july-asian-markets-cautious-as-central-bank-events-dominate-the-week","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-30th-july-asian-markets-cautious-as-central-bank-events-dominate-the-week\/","title":{"rendered":"Monday 30th July: Asian markets cautious as Central Bank events dominate the week"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 0.76%, Shanghai Composite down 0.40%, Hang Seng down 0.82%, ASX down 0.43%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1220.20 (-0.23%), Silver at $15.45 (-0.28%), Brent Oil at $74.83 (+0.09%), WTI Oil at $68.94 (+0.36%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.962, UK 10-year yield at 1.281, Germany 10-year yield at 0.409<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Revised UoM Consumer Sentiment 97.9 vs 97.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Advance GDP Price Index q\/q 3.00% vs 2.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Advance GDP q\/q 4.10% vs 4.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Italy Backs Brexit: Salvini Accuses EU of &quot;Swindling&quot; the UK<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Yuan slides as the Australian dollar lurches sideways<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan retail sales pick up in positive sign on spending<\/span>\n\t<\/li>\n<\/ul>\n<h4 style=\"margin: 0px 0px 20px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 18px; line-height: inherit; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; outline: none; -webkit-font-smoothing: antialiased !important;\">\n\t<span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><strong style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\">CFTC Positioning Data (Week Ending July 24th, 2018):<\/strong><\/span><\/span><br \/>\n<\/h4>\n<ul style=\"margin: 0px; padding-right: 30px; padding-left: 30px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; list-style: circle outside; color: rgb(84, 84, 84);\">\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">EUR long 29K vs 21K long last week. Longs increased by 8K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">GBP short 47K vs 38K short last week. Shorts increased by 9 K<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">JPY short 74K vs 59K short last week. Shorts increased by 15K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">CHF short 46K vs 42K short last week. Shorts increased by 4K<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">CAD short 44K vs 47K short last week. Shorts trimmed by 3K.<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">AUD short 45k vs 41K&nbsp;short&nbsp;last week. Shorts increased by 4K<\/span>\n\t<\/li>\n<li style=\"box-sizing: border-box; font-family: &quot;Segoe UI&quot;, OpenS, Tahoma, Geneva, Verdana, sans-serif; font-size: 14px;\">\n\t\t<span style=\"font-size:14px;\">NZD short 24K vs 25K short last week.&nbsp; Shorts trimmed by 1K.<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian stock markets are mostly lower on Monday, tracking the negative cues from Wall Street amid weak corporate earnings results and as investors shifted focus to key central bank meetings this week. The Bank of Japan will announce its monetary policy decision on Tuesday, while the U.S. Federal Reserve&#39;s monetary policy announcement is due on Wednesday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Japanese market is losing on caution ahead of the Bank of Japan&#39;s monetary policy decision due on Tuesday. Meanwhile, in Hong Kong, the Hang Seng Index came under pressure, giving up more than 0.7 percent as most sectors recorded declines in afternoon trade. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Chinese stocks traded also traded lower, with the Shanghai Composite reversing moderate gains seen in the morning to slip into negative territory and shedding 0.3 percent. The Australian market is declining following the negative cues from Wall Street. In addition, lower commodity prices are weighing on resources stocks. Losses were led by the drop in the health care and information technology subindexes, while heavily weighted &quot;Big Four&quot; banks all traded lower.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Against a basket of currencies the dollar was hovering at 94.733, having repeatedly failed to clear resistance around 95.652 this month. The euro has had problems of its own as the European Central Bank emphasised that rates would not be rising until the second half of next year. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In Asia, eyes were on China&rsquo;s yuan after it suffered the longest weekly losing streak since November 2015. It duly weakened further, slipping past 6.8400 per dollar for the first time since June last year. In commodity markets, oil prices were mixed with U.S. crude supported by recent upbeat news on the U.S. economy.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Monday, July 30<sup>th<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day GMT &#8211; (EUR) German Prelim CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (CHF) KOF Economic Barometer<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Net Lending to Individuals m\/m<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, July 31<sup>st<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 AM GMT &#8211; (CNY) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 AM GMT &#8211; (CNY) Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 AM GMT &#8211; (NZD) ANZ Business Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Building Approvals m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Outlook Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Policy Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) Monetary Policy Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) German Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (JPY) BOJ Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Spanish Flash GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Prelim Flash GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) GDP m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) RMPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core PCE Price Index m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Employment Cost Index q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Personal Spending m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:45 PM GMT &#8211; (USD) Chicago PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) Employment Change q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 PM GMT &#8211; (NZD) Unemployment Rate<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, August 1<sup>st<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:15 PM GMT &#8211; (USD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) ISM Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 PM GMT &#8211; (USD) Federal Funds Rate<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, August 2<sup>nd<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Construction PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) BOE Inflation Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) MPC Official Bank Rate Votes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) Monetary Policy Summary<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) Official Bank Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) Asset Purchase Facility<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 PM GMT &#8211; (GBP) MPC Asset Purchase Facility Votes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, August 3<sup>rd<\/sup> 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 AM GMT &#8211; (AUD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Average Hourly Earnings m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.76%, Shanghai Composite down 0.40%, Hang Seng down 0.82%, ASX down 0.43% Commodities : Gold at $1220.20 (-0.23%), Silver at $15.45 (-0.28%), Brent Oil at $74.83 (+0.09%), WTI Oil at $68.94 (+0.36%) Rates : US 10-year yield at 2.962, UK 10-year yield at 1.281, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-30th-july-asian-markets-cautious-as-central-bank-events-dominate-the-week\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 30th July: Asian markets cautious as Central Bank events dominate the week<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=27595"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27595\/revisions"}],"predecessor-version":[{"id":27597,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27595\/revisions\/27597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27596"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}