FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, reviews Tuesday's economic calendar, highlighting the NAB business confidence survey as key event in Asia.

Key Quotes

"At 11:30am Syd/9:30am Sing/HK we see the NAB survey of Australian business confidence for June. Last week RBA Gov Stevens said “Measures of business confidence don't show any obvious response to the budget.” Indeed the confidence index was +7 in Dec 2013, +7 in May. The business conditions index has weakened somewhat however, to -1 in May from +4 in Dec13. The latter tends to have the best correlation with business activity. AUD sometimes reacts to sharp movements in this survey despite no consensus forecast."

"Japan releases its May balance of payments data at 9:50am Syd/7:50am Sing/HK. The seasonally adjusted balance has been trending sharply lower since 2010 but popped back to a small surplus in April, with a similar reading expected in May. JPY should ignore the data but it will be noted by those looking at the longer term flows picture. Germany will print another large trade surplus in May, though with exports likely to be a little lower m/m."

"The US data calendar is quiet again (Jun NFIB small business survey) but we will hear from two Fed speakers – one hawk (Lacker) and one dove (Kocherlakota). Q2 earnings season begins after the bell Tue with Alcoa."

Related Articles
  1. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  2. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  3. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  4. Investing

    Financial News Comparison: Bloomberg Vs. Reuters

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  5. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
  6. Forex Education

    The Top Uses For P2P Currency Exchange

    Peer-to-peer (P2P) currency exchange networks offer a viable and cheaper alternative for buying and selling currencies.
  7. Forex

    Steps To Open An Offshore Forex Account

    Here is a simple breakdown of how to open an offshore forex account for US-based users, including legal requirements.
  8. Entrepreneurship

    Top Forex Trading Apps

    A brief overview of the top apps that help forex traders with on time information, charts and more.
  9. Investing Basics

    The Risks Of Buying Bitcoin

    Virtual currency is probably here to stay, but what about Bitcoin specifically? Does it have a first-to-market advantage? What are the risks involved?
  10. Forex News

    How The Forex "Fix" May Be Rigged

    When it comes to forex, some types of "fixes" are legal. But some really aren't.
RELATED TERMS
  1. No results found.

You May Also Like

COMPANIES IN THIS ARTICLE
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!