INDONESIA: Country Wrap: VAT Relief for Housing
Sep-25 05:25
Market Summary: The Jakarta Composite fell -0.60% as the currency hit new lows of 16,747 and bonds were very weak with yields 3-6bps higher. The 10-Yr is at 6.42% (from 6.39% close).
- Indonesia will continue covering 100 percent of value-added tax (VAT) on housing purchases from January through December next year as part of efforts to support growth and strengthen the property sector, the finance ministry said on Wednesday. (source Antara)
- The Indonesian sovereign wealth fund INA and the Canadian government-owned export credit agency EDC recently inked a partnership worth around $594 million that aimed to attract investments to Jakarta’s strategic sectors. (source Antara)
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LOOK AHEAD: UK Timeline of Key Events (Times BST)
Aug-26 05:23
| Date | Time | Period | Event |
| 26-Aug | - | --- | DMO to hold FQ3 consultations with investors / GEMMs |
| 26-Aug | 1500 | --- | BOE Mann at Banxico Conference (Text release) |
| 27-Aug | 1100 | Aug | CBI Distributive Trades |
| 29-Aug | 0730 | --- | DMO to release FQ3 (Oct-Dec) issuance ops calendar |
| 01-Sep | 0930 | Jul/Aug | BOE Lending to Individuals / M4 / S&P Manuf PMI (f) |
| 03-Sep | 0830 | --- | BOE Mann at Signum's London Westminster Day roundtable |
| 03-Sep | 0915 | --- | BOE Breeden at Money and Payments Conference |
| 03-Sep | 0930 | Aug | S&P Global Services / Composite PMI (Final) |
| 04-Sep | 0930 | Aug | BOE Decision Maker Panel data / S&P Construction PMI |
| 05-Sep | 0700 | Jul | Retail Sales |
| 08-Sep | 0001 | --- | KPMG / REC Report on Jobs |
| 09-Sep | 0001 | Aug | BRC-KPMG Shop Sales Monitor |
| 12-Sep | 0700 | Jul | GDP / Services / Production / Trade / Construction |
| 12-Sep | 0930 | Aug | Bank of England/Ipsos Inflation Attitudes Survey |
| 16-Sep | 0700 | Aug | Labour Market Survey |
| 17-Sep | 0700 | Aug | Consumer inflation report |
| 18-Sep | 1200 | --- | Bank Of England Interest Rate |
GBPUSD TECHS: Bullish Engulfing Candle Highlights A Reversal
Aug-26 05:19
- RES 4: 1.3753 High High Jul 2
- RES 3: 1.3681 High Jul 4
- RES 2: 1.3636 76.4% retracement of the Jul 1 - Aug1 downleg
- RES 1: 1.3544/3595 High Aug 22 / 14
- PRICE: 1.3456 @ 06:19 BST Aug 26
- SUP 1: 1.3391 Low Aug 22
- SUP 2: 1.3315 61.8% retracement of the Aug 1 - 14 bull leg
- SUP 3: 1.3249 76.4% retracement of the Aug 1 - 14 bull leg
- SUP 4: 1.3142 Low Aug 1 and a key support
A rally on Friday GBPUSD signals the end of the recent corrective phase - Friday’s reversal pattern is a bullish engulfing candle. An extension higher would refocus attention on the short-term bull trigger at 1.3595, the Aug 14 high. Clearance of this level would signal scope for a climb towards 1.3636, the 76.4% retracement of the bear leg between Jul 1 and Aug 1. Key short-term support has been defined at 1.3391, the Aug 22 low.
LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Aug-26 05:18
| Date | Time | Country | Event |
| 26-Aug | 0745 | FR | Consumer Sentiment |
| 27-Aug | 0700 | DE | GFK Consumer Climate |
| 28-Aug | 0900 | EU | M3 |
| 28-Aug | 0900 | IT | ISTAT Business / Consumer Confidence |
| 28-Aug | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 29-Aug | 0700 | DE | Import/Export Prices / Retail Sales |
| 29-Aug | 0745 | FR | HICP (p) / PPI / GDP (f) / Consumer Spending |
| 29-Aug | 0800 | ES | HICP (p) |
| 29-Aug | 0855 | DE | Unemployment |
| 29-Aug | 0900 | IT | GDP (f) |
| 29-Aug | 0900 | DE | Regional CPIs |
| 29-Aug | 0900 | EU | ECB Consumer Expectations Survey |
| 29-Aug | 1000 | IT | HICP (p) |
| 29-Aug | 1000 | EU | ECB de Guindos at Cursos Europeos de Verano |
| 29-Aug | 1300 | DE | CPI (p) |
