Forex news for Asia trading Monday 19 September 2016
Monday:
- Goldman Sachs lowering USD/JPY forecasts
- Overnight yuan rate set at 23.683%. Highest since January
- More on China's August house price rises ... 'eye-popping'
- Another NZ bank view on the RBNZ meeting this week - on hold
- Australia: Port of Melbourne sold for AUD$9.7 billion
- Here is your chance to be Janet Yellen - play 'Chair the Fed'!
- China property prices for August +9.2% y/y (prior +7.9%
- PBOC sets USD/CNY central rate at 6.6786
- Australian Treasurer Morrison: Not the time for major changes to RBA accord
- RBNZ meet this week - seen on hold
- Traders who have stronger hunches make more money and last longer in the profession
- Venezuela says OPEC, non-OPEC oil stabilizing deal 'close'
- AUD/JPY liking Monday so far
- Brexit - Lloyds bank business confidence survey hits a 4 year low
- China back from holiday today, just in time for a 'banking stress' indicator!
- IMF's Lagarde: Drawn out Brexit adds to investor uncertainty
- UK data - Rightmove House Prices: +0.7% m/m (prior -1.2%)
- Morgan Stanley's USD, EUR, JPY, GBP, CAD, AUD, NZD weekly outlook
- New Zealand - Services PMI for August: 57.9 (prior 54.2)
- "Hedge funds are exiting from gold"
- New Zealand Westpac Consumer Confidence (Q3): 108.0 (prior 106.0)
- Brexit - Four EU countries ready to block EU/UK agreement
- Trade ideas thread to start the new week - Monday 19 September 2016
- Westpac economist says AUD/USD heading towards downside targets
- Oil - 1.Iran supports price stabilisation & 2. May be an extra OPEC meeting
- Good Monday morning! Forex prices, early indications 18 September 2016
Weekend:
- Fed and BOJ talk with be the focus of our Tuesday webinar
- The ECB shouldn't be supervising banks, Weidmann says
- Slovakia's Fico ready to veto Brexit deal with EU
- Sapin says France will show 2016 GDP growth of +1.5%
- China Q3 business confidence index 51.2% vs 49% Q2
- The odd couple running the RBA - profile of the new Governor and Deputy
- Roadmap of expectations for this week's FOMC announcement
- Oil: OPEC head says Algiers meeting for consultations, not for decision making
- Japan PM Abe rumoured to be considering January election
- Japan finance minister Aso: Firms should spend more on capex & wages
- Always. Be. Wrong.
- EU's Juncker calls for launch of Brexit process "as soon as possible"
AUD, NZD and CAD all outperformed here to open the week in Asia. Oil popped too.
For the AUD, solid buying was seen from a few directions, with offshore buyers cited. There was some thought a 0.75 option expiry might cause the figure to be a little sticky, but that was shrugged off (so far at least). It wasn't just the commodity currencies to have a good session, oil and gold are both higher also.
The yen weakened in the early morning, USD/JPY back toward Friday US highs. It fell away from 102.40 though, back near the figure now. It was a Japanese market holiday today.
EUR, CHF and GBP all ticked higher against the USD also.
China was back from a holiday today. While the yuan set was not hugely different ot the previous set (last Wednesday before the holiday began), overnight CNH HIBOR surged in HK to more than 20%, a big jump from already elevated levels of last week and its highest since January of this year, heping pressure onto yuan shorts (see bullet above for more).
Regional equities:
- Nikkei +0.70%
- Shanghai +0.61%
- HK +0.89%
- ASX +0.03%
