Forex news for Asia trading Monday 10 April 2017
- Fed's Bullard: No pressing need to raise interest rates
- The Trump / Xi meeting seems to have went well for both. New BFFs.
- Don't forget to set your alarms for Yellen, speaking Monday afternoon in the US
- Australia housing finance (February): Home loans -0.5% m/m ( vs. expected flat at 0.0%)
- People's Bank of China sets yuan reference rate at 6.9042 (vs. Friday at 6.8949)
- Bridgewater Associates founder and co-CIO Ray Dalio on how he learned to invest
- PIMCO's views on future Fed policy, ECB stimulus, BOJ YCC, global policy transition
- BOJ's Kuroda comments on economy, CPI, YCC
- USD/JPY on the move this morning
- On the agenda today from the Bank of Japan
- Fed's Bullard Says Balance Sheet Higher Than It Should Be
- BoP Current Account Balance for February: ¥ 2813.7B (expected ¥ 2512.9B)
- China press: GDP growth may stabilise at a slower pace in Q2 of 2017
- Brexit - UK consumer spending grows at slowest rate in three years
- Fed's Bullard says a 2% growth rate in 2017 is about what to expect
- Global economy - what's coming up this week? What are you watching for?
- TD on the March NFP: "Better than the headline"
- Another ICYMI - Russia Energy Minister Novak remarks on output cut extension from Friday
- German economy ministry concerned on EU joint euro zone bonds idea - higher risks
- Reuters poll on Canada economy & Bank of Canada outlook
- Economic data due from Asia today (and a Federal Reserve speaker)
- Trade ideas thread - - Monday 10 April 2017
- PART 2! Update to Monday morning Forex prices - 10 April 2017
- China: Insurance regulator investigated, Beijing land release (1.5m homes), iron roosters
- French election - latest news, polls
- US Navy strike group moving toward the Korean peninsula
- EU fin mins say G20 economies will miss their extra growth targets
- Italian Dep Fin Min Morando - govmt set to revise down its privatization target
- Italy fin min Padoan - banks should given a "reasonable" time to sell bad loans
- ECB's Mersch says extraordinary loose monetary policy can't continue forever
- Greece plans to cut corporate tax in 2020 if fiscal targets exceeded
- Monday morning Forex prices, early indications - 10 April 2017
- Tsipras says debt relief measures related to austerity measures agreed by Eurogroup
- Japan's Abe says he has exchanged views with Trump on Syria and North Korea
There was plenty of news and such over the weekend along with data from Asia today, but there really wasn't too much in any of it to impact currencies greatly. US yields had moved higher on Friday (US time) and they maintained (ever so slightly extended) in Asia.
Movement against the was patchy. In the 'barely changed' column comes the EUR, CHF and GBP - all in very small ranges a few points either way of their late Friday levels. Stick the NZD in this column also.
USD/JPY was a gainer, though, up above 111.50 at one stage (and still not too far from there as I update. I saw the usual 'Gotobi' comment you get when the yen weakens on a 5, 10, 15 etc. When it doesn't on a Gotobi you don't hear, so there you go. I'll take a pass on its explanatory relevance but others will disagree.
The CAD fell against the bigger dollar, as did the AUD. We got some data from Australia today (housing finance); the AUD decline picked up pace after this. The range was not large (AUD/USD from above 0.7500 to crca 0.7480 ... just hovering above actually). AUD has tended to be trading on the weaker side the past week or so, more of the same for it today.
GOLD and oil are little net changed from late Friday.
Regional equities:
- Nikkei +0.65%
- Shanghai -0.29%
- HK +0.15%
- ASX +0.70%
Still to come:
- Don't forget to set your alarms for Yellen, speaking Monday afternoon in the US
More:
