Forex Marketz Daily Forex News – Fully Markets Update
Good morning and welcome to CupO’Forex. This is your daily video analysis for Tuesday September 9.
There is not a lot of high impacting news today.
Australia released some data today which showed that the banking sector does not have the level of confidence in the economy that the Australian central bank would hope for. They also released home loans which missed the mark coming in at 0.3 instead of one percent. However, investment lending for homes jumped up 6.8 percent after contracting the month prior.
Japan will also release some data today. They will release Consumer confidence in a short while. We are looking for a print of 42.3 after coming out previously at 41.5. Consumer confidence has not been strong since their consumption tax rate hike in April. They are not getting the inflation they hoped for as it is being driven by the tax hike and not by consumer spending. Japan will also release machine orders data this morning. This number contracted three percent last month and we are expecting it to come out at 0.6 percent today.
Thank you and have a great day trading!