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Andro Matugas-Barnes
Feb 01 2019

TAT FX Brief: Feb19

News & Insights
TAT FX Brief: Feb19
<p>The&nbsp;Australian dollar is flying in late trade on Wednesday, boosted by a slightly hotter-than-expected&nbsp;Australian CPI reading, soaring iron ore and crude oil prices and broad-based US dollar weakness.</p> <p>After opening trade yesterday at .7153, the upside momentum in the AUD/USD kicked off following&nbsp;the release of&nbsp;Australia&rsquo;s Q4 CPI report.</p> <p>While underlying inflation -&nbsp;at 0.4% for the quarter and 1.75% for the year, printed in line with&nbsp;market expectations;&nbsp;the headline CPI figure came in slightly hotter-than-expected, lifting by 0.5% in&nbsp;the three months to December and 1.8% over the year.</p> <blockquote> <p>&ldquo;The price action suggests the market was positioned for a soft outcome,&rdquo; said Rodrigo Catril, Senior&nbsp;FX Strategist at the National Australia Bank.</p> </blockquote> <p>Along with a modest rally in the offshore traded Chinese yuan in Asia, that saw the AUD/USD lift&nbsp;back to .7200, a level it remained until late North American trade.</p> <p>The Aussie&rsquo;s next tailwind was provided by the&nbsp;US Federal Reserve&rsquo;s January monetary policy&nbsp;statement&nbsp;that confirmed that it&rsquo;s not in any rush to tighten policy settings further.</p> <blockquote> <p>&ldquo;The Committee continues to view sustained expansion of economic activity, strong labour market&nbsp;conditions, and inflation near the Committee&rsquo;s symmetric 2% objective as the most likely&nbsp;outcomes,&rdquo; the FOMC said in its statement.&nbsp;</p> </blockquote> <blockquote> <p>&ldquo;In light of global economic and financial developments and muted inflation pressures, the&nbsp;Committee will be patient as it determines what future adjustments to the target range for the&nbsp;federal funds rate may be appropriate to support these outcomes.&rdquo;&nbsp;</p> </blockquote> <p>In a separate statement, the FOMC also acknowledged that it is &ldquo;<strong>prepared to adjust</strong>&rdquo; the details of&nbsp;balance sheet normalisation, if required, adding that it is <strong>&ldquo;revising its earlier guidance regarding the&nbsp;conditions under which it could adjust the details of its balance sheet normalization program&rdquo;.&nbsp;</strong></p> <p>The dovish tweaks to the outlook for the funds rate and balance sheet normalisation were cheered&nbsp;by investors, seeing the AUD/USD jump to as high as .7273, a level not seen since early December&nbsp;last year.&nbsp;</p> <blockquote> <p>&ldquo;It seems the Fed has listened to markets and is watching the global outlook closely with a &lsquo;muted&rsquo;&nbsp;inflation outlook allowing the Fed to be &lsquo;patient&rsquo; in determining future rate moves,&rdquo; said Catril at the&nbsp;NAB.</p> </blockquote> <ul> <li>Big gains in&nbsp;iron ore&nbsp;and crude oil prices were another factor that helped the Aussie to the top of the&nbsp;G10 FX leader board on Wednesday.</li> <li>Turning to the day ahead, it promises to be another busy one for traders with several major data&nbsp;releases scheduled.</li> <li>The highlight in Asia yesterday was the release of China&rsquo;s manufacturing and non-manufacturing&nbsp;PMIs for January.</li> <li>Elsewhere, Australian private sector credit data for December, along with industrial production,&nbsp;housing starts and construction orders from Japan, will also be on the radar.</li> <li>Later in the session, the data-flow will go up a notch or two with German retail sales and&nbsp;unemployment, CPI from France and Spain, Eurozone Q4 GDP and unemployment, Canadian GDP&nbsp;and employee costs, jobless claims and Chicago Fed PMI from the US the headline acts.</li> <li>On the monetary policy front, Mersch, Weidmann and Coeure from the ECB and Wilkins from the&nbsp;Bank of Canada will also be in action.</li> <li>Trade talks between the US and China will also continue, creating the potential for headline-driven,&nbsp;or perhaps Tweet-driven, volatility in the latter parts of the session.</li> </ul> <p>&nbsp;</p> <ul> <li><strong>AUD/USD</strong></li> </ul> <p><strong>Day&#39;s Range: 0.7262 &ndash; 0.7278</strong></p> <p>The United States Dollar continued its move lower overnight, hitting a four-month low to open this&nbsp;morning at 95.57 on the US Dollar Index. Global foreign exchange markets roiled after the Federal&nbsp;Reserves statement was released with the after-effects still overshadowing market movements well&nbsp;into Friday. There was some news to digest however with wage growth data - suggesting private&nbsp;wages increased by 3.1% over the past year. Chicago PMI fell sharply in January to be more in line&nbsp;with the ISM manufacturing survey and weekly jobless claims spiked. Nevertheless, the story of the&nbsp;day remained the Federal Reserves&rsquo; neutral stance with markets continuing to price in the policy&nbsp;adjustment.&nbsp;</p> <p>Moving into Friday, the Greenback has more data to look forward to with&nbsp;non-farm payroll&nbsp;and&nbsp;another ISM manufacturing survey due for release.</p> <ul> <li><strong>AUD/EUR</strong></li> </ul> <p><strong>Day&#39;s Range: 0.6344 - 0.6360</strong></p> <p>Euro gains on Thursday was quickly erased overnight after failing to consolidate above the 1.15&nbsp;handle after reaching a high of 1.1514. The correction came in offshore trading, as&nbsp;the&nbsp;EUR/USD&nbsp;came under selling pressure following poor Italian GDP figures, sliding further into&nbsp;negative territory. There was no change for preliminary European GDP figures for the 4th quarter of&nbsp;2018, as growth remained disappointing at 0.2% and 1.8% for the year.&nbsp;Unemployment in the EU zone was steady at 7.9% in December, which remains the lowest rate&nbsp;recorded in the Euro area since October 2008, and down from 8.6% in December 2017.</p> <p>The EUR/USD settled eventually this morning around 1.1450, as movements will continue to be&nbsp;driven by American economic data to end the week. This evening sees the release of Non-Farm&nbsp;employment change with core inflation estimates out of the EU region!</p> <ul> <li><strong>AUD/GBP</strong></li> </ul> <p><strong>Day&#39;s Range: 0.5540 - 0.5552</strong></p> <p>The Great British Pound is slightly weaker this morning when valued against the Greenback. The&nbsp;GBP/USD pair reached an overnight high of 1.3159 before settling around 1.3100. For the month,&nbsp;the Sterling is up nearly 3 percent against the greenback, its biggest monthly rise since January 2018.&nbsp;However given the&nbsp;Brexit&nbsp;uncertainty, &#39;any upside&#39; remains well limited.</p> <p>On the release front today we will see the UK January Markit Manufacturing PMI is expected to&nbsp;come at 53.5 vs. 54.2 previously, adding to Sterling negative tone.</p> <p>From a technical perspective, the&nbsp;GBP/USD&nbsp;pair is currently trading at 1.3106. We continue to&nbsp;expect support to hold on moves approaching 1.3050, while now any upward push will likely meet&nbsp;resistance around 1.3150.</p> <p>&nbsp;</p> <ul> <li><strong>AUD/CNY</strong></li> </ul> <p><strong>Day&#39;s Range: 4.8665 - 4.8772</strong></p> <p>United States Secretary of the Treasury&nbsp;commented that FX was part of the trade discussion, but&nbsp;they do not expect anything explicit to be made on the direction of USD/CNY as this will be against&nbsp;the principal of FX reform. <strong>&quot;One-way FX movement is not in China&rsquo;s interests.&rdquo;&nbsp;</strong></p> <p>&ldquo;On balance, the combination of an easing monetary policy backdrop and softening economic&nbsp;activities, but limited outflow pressure is likely to keep USD/CNY in the range of 6.69/6.80 near-term. We now expect the next&nbsp;Fed&nbsp;rate hike to come in June, instead of March. As such, upward&nbsp;pressure on USD/CNY triggered by USD strength is likely to be delayed.&rdquo;</p> <p>Due to the Chinese New Year payments to certain countries in Asia will be delayed during the below&nbsp;period:</p> <ul> <li>China: 4th - 10th Feb</li> <li>Malaysia &amp;&nbsp;Singapore: 4th - 5th Feb</li> <li>Indonesia: 5th Feb</li> <li>Hong Kong: 5th - 7th Feb</li> <li>Vietnam: 4th - 8th Feb</li> </ul> <ul> <li><strong>AUD/INR</strong></li> </ul> <p><strong>Day&#39;s Range: 51.535 - 51.648</strong></p> <p>The rupee appreciated by 26 paise to 70.86 against the US dollar in opening trade Thursday, driven&nbsp;by the weakening of the greenback in overseas markets after the US Fed kept interest rate&nbsp;unchanged.</p> <p>The US dollar weakened in the overseas market after the Federal Reserve left the key US lending&nbsp;rate unchanged on Wednesday, and said it would be &#39;patient&#39;&nbsp;about making any further changes.</p> <p>Besides selling of the American currency by exporters, forex traders said fresh foreign fund inflows&nbsp;and positive opening in domestic equities also supported the rupee up move, while surging crude oil&nbsp;prices restricted the uptrend.</p> <p>The rupee opened strong at 70.92 at the interbank forex market, then gained further ground and&nbsp;touched 70.86 amid weakening of the American currency, displaying gains of 26 paise over its last&nbsp;close.</p> <p>The rupee Wednesday had weakened by just 1 paise to close at 71.12 against the US dollar.&nbsp;</p> <p>Foreign funds purchased shares worth Rs 130.25 crore from the capital markets on a net basis, and&nbsp;domestic institutional investors also bought shares worth Rs 502.26 crore Wednesday, provisional&nbsp;data showed.&nbsp;</p> <p>Brent crude, the global benchmark, was trading higher at per 62.20 barrel up by 0.89 per cent.</p> <p>Meanwhile, the benchmark BSE Sensex was trading higher by 246.08 points, or 0.65 per cent to&nbsp;quote at 35,822.38 while the NSE Nifty was trading at 10,705.60, higher by 53.80 points, or 0.51 per&nbsp;cent.</p> <p><strong>Announcements to Watch:</strong></p> <table class="Table" style="background:white; border:none; width:486.4pt"> <tbody> <tr> <td colspan="17"> <p>Friday, February 1, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>00:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;CAD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/gdp-123" target="_blank">GDP (MoM) (Nov)</a></p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:41.25pt"> <p style="margin-left:0in; margin-right:0in; text-align:right"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>&nbsp;</strong></span></span></p> </td> <td colspan="2"> <p>-0.1%</p> </td> <td colspan="2"> <p>0.3%</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:15.3pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>02:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;USD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/new-home-sales-222" target="_blank">New Home Sales (Nov)</a></p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:41.25pt"> <p style="margin-left:0in; margin-right:0in; text-align:right"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>&nbsp;</strong></span></span></p> </td> <td colspan="2"> <p>560K</p> </td> <td colspan="2"> <p>544K</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:15.3pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>12:45</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;CNY</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/chinese-caixin-manufacturing-pmi-753" target="_blank">Caixin Manufacturing PMI (Jan)</a></p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:41.25pt"> <p style="margin-left:0in; margin-right:0in; text-align:right"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>&nbsp;</strong></span></span></p> </td> <td colspan="2"> <p>49.5</p> </td> <td colspan="2"> <p>49.7</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:15.3pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>19:55</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;EUR</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/german-manufacturing-pmi-136" target="_blank">German Manufacturing PMI (Jan)</a></p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:41.25pt"> <p style="margin-left:0in; margin-right:0in; text-align:right"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>&nbsp;</strong></span></span></p> </td> <td colspan="2"> <p>49.9</p> </td> <td colspan="2"> <p>49.9</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:15.3pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/manufacturing-pmi-204" target="_blank">Manufacturing PMI (Jan)</a></p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:41.25pt"> <p style="margin-left:0in; margin-right:0in; text-align:right"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>&nbsp;</strong></span></span></p> </td> <td colspan="2"> <p>53.5</p> </td> <td colspan="2"> <p>54.2</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:15.3pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>Tentative</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;EUR</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/cpi-68" target="_blank">CPI (YoY) (Jan)</a>&nbsp;&nbsp;</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:41.25pt"> <p style="margin-left:0in; margin-right:0in; text-align:right"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>&nbsp;</strong></span></span></p> </td> <td colspan="2"> <p>1.4%</p> </td> <td colspan="2"> <p>1.6%</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:15.3pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="17"> <p>Saturday, February 2, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>00:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;USD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/nonfarm-payrolls-227" target="_blank">Nonfarm Payrolls (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>165K</p> </td> <td colspan="2"> <p>312K</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:15.3pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>00:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;USD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/unemployment-rate-300" target="_blank">Unemployment Rate (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>3.9%</p> </td> <td colspan="2"> <p>3.9%</p> </td> <td colspan="2" style="background-color:white; height:18.75pt; width:15.3pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>02:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;USD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/ism-manufacturing-pmi-173" target="_blank">ISM Manufacturing PMI (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>54.2</p> </td> <td colspan="2"> <p>54.3</p> </td> <td colspan="2" style="background-color:white; height:18.75pt">&nbsp;</td> <td style="background-color:white; height:18.75pt">&nbsp;</td> </tr> <tr> <td colspan="17"> <p>Monday, February 4, 2019</p> </td> </tr> <tr> <td> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>South Korea - Seollal (New Year&#39;s Day by the lunar)</p> </td> </tr> <tr> <td> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>China - Spring Festival</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Hong Kong - Lunar New Year&#39;s Eve - Early close at 12:00</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Singapore - Chinese New Year - Early close at 12:10</p> </td> </tr> <tr> <td> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/construction-pmi-44" target="_blank">Construction PMI (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>52.8</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="17"> <p>Tuesday, February 5, 2019</p> </td> </tr> <tr> <td> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Hong Kong - Lunar New Year</p> </td> </tr> <tr> <td> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>South Korea - Seollal (New Year&#39;s Day by the lunar)</p> </td> </tr> <tr> <td> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Singapore - Chinese New Year</p> </td> </tr> <tr> <td> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>China - Spring Festival</p> </td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <p>11:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;AUD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/retail-sales-262" target="_blank">Retail Sales (MoM) (Dec)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>0.3%</p> </td> <td colspan="2"> <p>0.4%</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>14:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;AUD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/interest-rate-decision-171" target="_blank">RBA Interest Rate Decision (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>1.50%</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/services-pmi-274" target="_blank">Services PMI (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>51.2</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="18"> <p>Wednesday, February 6, 2019</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Hong Kong - Lunar New Year</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>South Korea - Seollal (New Year&#39;s Day by the lunar)</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Singapore - Chinese New Year</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>New Zealand - Waitangi Day</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>China - Spring Festival</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>02:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;USD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/ism-non-manufacturing-pmi-176" target="_blank">ISM Non-Manufacturing PMI (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>57.5</p> </td> <td colspan="2"> <p>58.0</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>20:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;INR</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/indian-interest-rate-decision-597" target="_blank">Interest Rate Decision</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>6.50%</p> </td> <td colspan="2"> <p>6.50%</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="18"> <p>&nbsp;</p> <p>Thursday, February 7, 2019</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Hong Kong - Lunar New Year</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>China - Spring Festival</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>02:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;CAD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/ivey-pmi-185" target="_blank">Ivey PMI (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>59.7</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>08:45</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;NZD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/employment-change-93" target="_blank">Employment Change (QoQ) (Q4)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>0.5%</p> </td> <td colspan="2"> <p>1.1%</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>20:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;INR</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/indian-interest-rate-decision-597" target="_blank">Interest Rate Decision</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>6.50%</p> </td> <td colspan="2"> <p>6.50%</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>23:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/interest-rate-decision-170" target="_blank">BoE Interest Rate Decision (Feb)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>0.75%</p> </td> <td colspan="2"> <p>0.75%</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="18"> <p>Friday, February 8, 2019</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>China - Spring Festival</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="18"> <p>Saturday, February 9, 2019</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>China - Spring Festival</p> </td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2"> <p>00:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;CAD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/employment-change-95" target="_blank">Employment Change (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>9.3K</p> </td> <td>&nbsp;</td> <td colspan="3">&nbsp;</td> <td> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="2">&nbsp;</td> <td colspan="16"> <p>&nbsp;</p> </td> </tr> <tr> <td colspan="18"> <p>Sunday, February 10, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>China - Spring Festival</p> </td> </tr> <tr> <td colspan="18"> <p>Monday, February 11, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Japan - National Founding Day</p> </td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/gdp-728" target="_blank">GDP (YoY) (Q4)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="3"> <p>1.5%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/gdp-121" target="_blank">GDP (QoQ) (Q4)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>0.6%</p> </td> <td colspan="3"> <p>0.6%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/manufacturing-production-205" target="_blank">Manufacturing Production (MoM) (Dec)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>0.3%</p> </td> <td colspan="3"> <p>-0.3%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="18"> <p>Tuesday, February 12, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>23:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;BRL</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/bcb-copom-meeting-minutes-1785" target="_blank">BCB Copom Meeting Minutes&nbsp;</a>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="3"> <p>&nbsp;</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="18"> <p>Wednesday, February 13, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>02:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;USD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/jolts-job-openings-1057" target="_blank">JOLTs Job Openings (Dec)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>7.063M</p> </td> <td colspan="3"> <p>6.888M</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>07:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;NZD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/interest-rate-decision-167" target="_blank">RBNZ Interest Rate Decision</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="3"> <p>1.75%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>12:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;NZD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/interest-rate-decision-167" target="_blank">RBNZ Interest Rate Decision</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>1.75%</p> </td> <td colspan="3"> <p>1.75%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/cpi-67" target="_blank">CPI (YoY) (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="3"> <p>2.1%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="18"> <p>Thursday, February 14, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>00:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;USD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/core-cpi-56" target="_blank">Core CPI (MoM) (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>0.2%</p> </td> <td colspan="3"> <p>0.2%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>10:50</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;JPY</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/gdp-119" target="_blank">GDP (QoQ) (Q4)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>-0.3%</p> </td> <td colspan="3"> <p>-0.6%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="18"> <p>Friday, February 15, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>00:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;USD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/ppi-238" target="_blank">PPI (MoM) (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>-0.1%</p> </td> <td colspan="3"> <p>-0.2%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/retail-sales-258" target="_blank">Retail Sales (MoM) (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="3"> <p>-0.9%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="18"> <p>Monday, February 18, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>Canada - Family Day</p> </td> </tr> <tr> <td colspan="2"> <p>All Day</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>Holiday</p> </td> <td colspan="12"> <p>United States - Washington&#39;s Birthday</p> </td> </tr> <tr> <td colspan="18"> <p>Tuesday, February 19, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/average-earnings-index-bonus-7" target="_blank">Average Earnings Index +Bonus (Dec)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="3"> <p>3.4%</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>20:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;GBP</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/claimant-count-change-39" target="_blank">Claimant Count Change (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="3"> <p>20.8K</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="2"> <p>21:00</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;EUR</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/german-zew-economic-sentiment-144" target="_blank">German ZEW Economic Sentiment (Feb)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>-18.4</p> </td> <td colspan="3"> <p>-15.0</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> <tr> <td colspan="18"> <p>Thursday, February 21, 2019</p> </td> </tr> <tr> <td colspan="2"> <p>11:30</p> </td> <td colspan="2"> <p>&nbsp;&nbsp;AUD</p> </td> <td colspan="2">&nbsp;</td> <td colspan="2"> <p><a href="https://au.investing.com/economic-calendar/employment-change-94" target="_blank">Employment Change (Jan)</a></p> </td> <td colspan="2"> <p>&nbsp;</p> </td> <td colspan="2"> <p>16.5K</p> </td> <td colspan="3"> <p>21.6K</p> </td> <td>&nbsp;</td> <td colspan="2">&nbsp;</td> </tr> </tbody> </table> <p>&nbsp;</p> <p><strong>Useful links:</strong></p> <p><a href="https://tat.capital/Home/FX" target="_blank">Setup FX Account</a>&nbsp;|&nbsp;<a href="https://www.bizcurrency1.com/GPWeb/Pages/General/Login.aspx?Style=TAT" target="_blank">FX Login</a></p> <p><a href="https://tat.capital/Blogs/Permalink/how-to-choose-an-fx-broker" target="_blank">How to choose an FX broker for your business</a></p>

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