Singapore Unemployment Rate
The 4th quarter seasonally adjusted Unemployment Rate in Singapore came in below the 2.1% estimate at 2.0%. The Singapore Dollar gained a bid against the USD following this better than expected release. On the daily chart below we see the USDSGD pair continues to hover around the 200day moving average and perhaps a rally on the oversold USD could move the pair back toward the 1.28 handle.
Aussie Business Confidence
NAB Business Confidence rose from the prior month, coincidentally risk has caught a bid here early in the Asian session.
- NAB Business Conditions – Actual:1 Prior:1
- NAB Business Confidence – Actual:3 Prior:2
UK Consumer Confidence
The Gfk Consumer Confidence Survey for January expected to be a-32, came in better than expectations at -29 and the prior (-33.) Sterling moved lower following the release, trading at the 1.57 handle.
Japan’s Industrial Productions
Industrial Production improved in December, however the market had no reaction to the release.
- Industrial Production (MoM) – Survey:3.0% Actual:4.0% Prior:-2.7%
- Industrial Production (YoY) – Survey:-5.0% Actual:-4.1% Prior:-4.2%
Aussie House Prices
Aussie House Prices declined in December, putting additional pressure on the Aussie after Fitch Ratings placed Australian banks on Credit Watch. The details of the release are as follows:
- RPData – Rismark House PX Raw – Actual:-1.2% Prior:-0.2%
- RPData – Rismark House PX S.a – Actual:-0.2% Prior:0.1%
Japan’s December Unemployment Rate
Expecting to have the Jobless Rate reading at 4.5% for December, Japan received a worse than expected report at 4.6% (4.5% prior.) The USDJPY pair continues to range quietly in the lower half of the 76 handle after trading lower to open the week.
Japan’s Manufacturing PMI
Japan’s Markit/JMMA Manufacturing PMI for January came in at an expansionary 50.7, better than the prior months reading of 50.2. The USDJPY pair did nothing following the release.
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