China delays Jan trade data until February. You won't get other data either like retail sales etc. so there we go. Nothing to analyze & plenty of conjecture. Gonna be interesting to see what the numbers will be for Jan + Feb given the closures so far.
Meanwhile, Taiwan released January trade & it's ugly w/ imports -17.7%& exports -7.6% vs expectations of a modest rise. Yes, some lunar new year effect but u can see here that direct trade w/ China declined. February won't be better obvs. The USA up (Singapore & Australia too!) 
Note that most countries would report rather ugly Jan data for 2020 due to fewer working days. That said, so far, we got rather bad data for Jan even before the virus:
Vietnam -14.3%
Taiwan -7.6%
South Korea -6.1%
Note that those 3 all celebrate lunar new year. Still not good..
Vietnam -14.3%
Taiwan -7.6%
South Korea -6.1%
Note that those 3 all celebrate lunar new year. Still not good..
Watch US NFP tonight. Expectations 165k vs prev 145k; Average hourly earnings 3%YoY
Asian FX has been hammered since 20 Jan 2020 (Wuhan lock-down around then). The economic news out of Asia has been bad & US has been good so questions is whether we get a break next wk. DXY 98.5!
Asian FX has been hammered since 20 Jan 2020 (Wuhan lock-down around then). The economic news out of Asia has been bad & US has been good so questions is whether we get a break next wk. DXY 98.5!
