The Traderszone Network

The WaPo is reporting that Vietnam is moving toward a pro-China position, out of desperation:

Vietnam’s fierce rivalry with China often exceeds any lingering resentment against the United States, which is now seen as a crucial counterweight to Beijing’s ambitions.

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This is the first I’ve seen since the good data just out ()
Australia – BoP Current Account for Q2: AUD – 9.6bn (expected AUD -7.5bn)
Commonwealth Bank Group

The Australian Federal Chamber of Automotive Industries’ VFACTS report nearly slipped under the radar, but Reuters on top of it:
– New vehicles sales up 1.8 percent y/y in August
A sign consumer spending was holding up despite sluggish wage growth

Balance of Payments Current Account for the June quarter
AUD – -9.6bn … MISS, bigger deficit than expected
– expected AUD -7.5bn, prior AUD -3.1bn
Net exports as a % of GDP 0.30% … BEAT (this is a direct input into the GDP data due tomorrow, adds 0.3 pt … which is a pretty big deal as in

The Japanese government is drawing up plans to evacuate its citizens from South Korea in the event of a war.

Like it or not, GoPro (NASDAQ: GPRO) and video-processing chip specialist Ambarella (NASDAQ: AMBA) are inexplicably tied to one another in the minds of many investors.

On one hand, business from GoPro formerly comprised 30% or more of Ambarella’s revenue in any given quarter. On the other hand, any weakness from GoPro meant Ambarella would feel the pinch, which is why the video-processing chip specialist has worked hard to diversify its revenue base.

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People’s Bank of China skips OMOs again today, saying liquidity in the banking system is relatively high
– 4th consecutive day of no OMOs
– 70bn yuan in maturing RRs today, so in effect a drain of 70bn yuan by the Bank
And another surge in the yuan at the ‘fixing’ from the PBOC