Forex news for Asia trading Friday 16 September 2016
- EU leaders meet today on consequences of Brexit - Barclays say its EUR neutral
- 5-years top-ranked currency strategist advising clients ... at a price you won't believe!
- Deustche Bank says China's five-year slowdown is 'done'
- How to overcome the high, hidden cost of inconsistent decision making
- Stick this in your diary: New RBA Governor to appear before parliament next week
- Japan finance minister Aso: Fiscal policy should play a role in boosting demand
- Here for the PBOC yuan fix? None today, China holiday. But more on yuan fund squeeze.
- New Zealand September Consumer Confidence: +2.8% m/m (prior -0.4%)
- Singapore export data, fall in August m/m
- Asian markets open today (a quick list)
- NZ government to build 1200 houses in Auckland, trying to boost supply
- Coming up from Japan today, the Cabinet Office release their monthly economic report
- NZ data - ANZ Job Ads for August: +3.1% m/m (prior +1.4%)
- Want US embargoed data before anyone else? Dow Jones sent early headlines!
- Here's how a market rumour spreads in China
- Australia press: "Did the RBA just signal the end of rate cuts and no-one noticed?"
- Trade ideas thread - Friday 16 September 2016
- Overnight press: WSJ report the BOJ is split over easing policy
- How to ramp up Japan's GDP? [SOLVED]
- Larry Summers says he cannot see a case at all for Federal Reserve tightening
A Tokyo morning move in USD/JPY as stops hit below 102 taking it down below 101.75 briefly. It stabilised and gained back above 102, helped along today with a Nikkei225 recording a green day, the first day it moved higher for nearly two weeks!
I'm talking about the Nikkei 'cause there isn't a huge amount to say about currencies.
EUR/USD, USD/CHF are both more or less flat on the session; Cable is little changed also.
AUD/USD softened a little in morning trade, testing 0.7500 but has since dusted itself off to hit a high above 0.7525 before settling as i type around 0.7520. NZD/USD had a similar width range, high above 0.7330 in the morning then to around 0.7305 and now near the mid-point of that 'swing'.
News and data flow was light, with a little from NZ (consumer confidence back strongly this month).
Regional equities:
- Nikkei +0.38%
- Shanghai closed, back Monday
- HK closed, back Monday
- ASX -0.99%
Still to come:
- Coming up from Japan today, the Cabinet Office release their monthly economic report
- US CPI later!
Something for the weekend:
- I thought this article was very interesting and useful How to overcome the high, hidden cost of inconsistent decision making
Have a great weekend all!
