US Initial jobless claims will be announced on Thursday at 15:30 MT time.
37th straight current account surplus for July is reported by Japan
Japan reported a 37th consecutive monthly current account surplus for July, according to a Reuters survey on Friday. It actually reflects a supposed ascend in income from overseas investments.
The survey of 19 experts predicts a current account surplus of approximately 2 trillion Japanese yen in July from June’s outcome of 935 billion yen.
Chief economist at Norinchukin Research Institute, Takeshi Minami told that Japan will probably maintain a current account surplus in 2017 due to more favorable economic conditions overseas.
Interest rates as well as stock prices overseas surpass those of Japan. That’s why interest revenue and also investment income are supposed to go up.
The finance ministry is going to disclose the data soon on Friday.
Apparently, Japan's trade as well as current account surpluses have been heavily criticized by Donald Trump in his "America First" campaign.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!