Trading news

Bank of Japan (BoJ) Board Member Hajime Takata said on Thursday that the Japanese central bank is currently only pausing its policy rate hike cycle and it should continue to make a ‘gear shift’ after a certain period of ‘wait and see.’

China's Services Purchasing Managers' Index (PMI) fell to 50.6 in June from 51.1 in May, the latest data published by Caixin showed on Thursday.

China Caixin Services PMI came in at 50.6, below expectations (51) in June

Australia’s Trade Surplus narrowed to 2,238M MoM in May versus 5,091M expected and 4,859M (revised from 5,431M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.

Australia Exports (MoM) fell from previous -2.4% to -2.7% in May

Australia Trade Balance (MoM) came in at 2238M below forecasts (5091M) in May

Australia Imports (MoM) rose from previous 1.1% to 3.8% in May

On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1523 as compared to the previous day's fix of 7.1546 and 7.1618 Reuters estimate.

New Zealand ANZ Commodity Price down to -2.3% in June from previous 1.9%

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, remains on the defensive near 96.70 during the early Asian session on Thursday.

Japan Jibun Bank Services PMI above expectations (51.5) in June: Actual (51.7)

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.40 during the early Asian trading hours on Thursday. The WTI price declines on a surprise build in US crude supplies. Oil traders await cautiously ahead of an OPEC+ meeting to decide the group's August output policy.

Ireland AIB Services PMI declined to 51.5 in June from previous 54.7

Japan Foreign Investment in Japan Stocks: ¥651.3B (June 27) vs ¥-524.3B

GBP/USD tumbled on Wednesday, falling back below the 1.3600 handle in a sharp plunge fueled by a sharp increase in UK bond yields.

The USD/CAD pair trades in negative territory near 1.3585 during the early Asian session on Thursday. The US Dollar (USD) remains under selling pressure amid mounting US debt concerns, tariff policies uncertainty and rising interest rate cut bets.

The USD/JPY registered modest gains on Wednesday, with the pair closing up 0.18%, finishing the session below 143.70. As Thursday’s Asian session begins, the pair trades at 143.63, virtually unchanged.

Australia S&P Global Composite PMI: 51.6 (June) vs 51.2

Australia S&P Global Services PMI came in at 51.8, above forecasts (51.3) in June

The Australian Dollar is trading flat against the US Dollar on Wednesday as both economies wait for the release of critical economic data on Thursday.