Forex news for Asia trading Friday 13 May 2016
- Wait no longer! BOJ's Kuroda speaking now
- AAPL tips $1bn into Uber rival
- Federal Reserve San Francisco lambasted for "US currency never loses its value" tweet
- Goldman Sachs tip Japan inflation to rise in 2017
- "The RBA has lost the plot" "The RBA has no idea" :""These guys are mad"
- AUD approaching decent bids around 0.7300 ... but ...
- PBOC sets yuan reference rate for today at 6.5246 (vs. yesterday at 6.4959)
- Japan economy minister Ishihara & Japan finance minister Aso comments
- China press report railway cargo shipments well below official target
- Gundlach sees 'some rebellion' from Fed hawks
- AUD traders - heads up for China data due this weekend
- Following $80mn heist - SWIFT warns of 2nd malware cyber attack
- New Zealand Q1 Retail Sales (excl. inflation): +0.8% q/q (expected +1.0%)
- ANZ says RBNZ to hold in June – the economy doesn’t need a cut right now
- AUD and NZD orderboards
- BNP on the AUD ... "likely to come under renewed pressure"
- Trade ideas thread - Friday 13 May 2016
- Fed's Yellen: Reiterates gradual approach to interest rate increases
- Gundlach says of all the doves at the Fed, Yellen is the biggest
- Australia - CBA expects 2 further rate cuts from RBA this year
- Preview: US retail sales need a bounce-back month
USD/JPY has dipped a few points on the session after Tokyo morning highs. News flow was light for the yen, but BOJ Governor Kuroda did speak after Tokyo lunch, without too much impact on the currency though (see bullets above).
AUD and NZD dipped, both triggering stops (below 0.7300 and 0.6800 respectively) before stabilizing. There are good sized AUD option expiries due later at 0.7300, so the level may be sticky for a while.
Elsewhere in the currencies it was pretty much a sea of calm, with EUR/USD, USD/CHF and cable all fairly flat on the session.
Gold dipped a few dollars in very late NY and has recovered, while oil is a few cents off on the day.
Regional equities:
- Nikkei -1.10%
- Shanghai +0.04%
- HK -0.94%
- ASX -0.72%
Still to come:
- AUD traders - heads up for China data due this weekend
- Preview: US retail sales need a bounce-back month
