Forex news for Asia trading Thursday 2 February 2017
- On that NZ cattle tuberculosis story - here it is!
- Economic data due from the US today
- EUR/USD: Recovers in January on Trump reflation doubts; what's next?
- Defining and Limiting your Risk. Why is it so important in your trading?
- Deranged head of Putin-puppet regime rants at benevolent Australian leader
- Japan PM Abe comments on yen and intervention
- More on the "GPIF says not considering investing in US infrastructure bonds" story
- Japan GPIF says its not considering investing in US infrastructure bonds
- Australian record trade surplus - analyst responses
- IMF's Furusawa: Questions remain over US growth outlook - uncertainty over new policies
- Australia - Trade balance (December): +3.511bn (expected AUD 2bn surplus)
- Australia - Building Approvals (December): -1.2% m/m (expected -1.5%)
- AUD/USD, NZD/USD: An Impulsive Bullish Shift Underway: Levels & Targets - NAB
- Bank of England preview (another one!)
- Very British protest sign riles Nigel Farage
- NZ press report on cattle disease may be hitting NZD
- FOMC responses: USD to start gaining on improvement in relative US growth prospects
- Japan press: "Superlong JGB yields seen climbing further"
- Its Bank of England decision day - 'Super Thursday' preview
- Trade ideas thread - - Thursday 2 February 2017
- NZ data - ANZ job ads (January): -0.2% m/m (prior +1.6%)
Further USD falls in the post-FOMC Asia session today, with AUD by the far the outperformer. AUD/USD started to trade persistently higher ahead of the December trade balance data, gaining rapidly in the minute immediately preceding and then surging on the result:
- A record high for the monthly trade surplus
- Exports +5% m/m (sa) - also a record high m/m
AUD/USD popped above 0.7600 and kept going, its straddling 0.7640 as I update.
NZD/USD declined early, a story of a cow testing positive for bovineTB did the rounds and cited for the initial fall. The NZD bounced back higher though (gaining as the AUD gained ... but not following through and stuck around 0.7300 as I update)
USD/JPY has net lost ground on the session, off >50 points from session highs. News today that the GPIF says not considering investing in US infrastructure bonds
EUR and CHF also traded higher against the USD.
Hmmm. At this rate how long before the US labels itself a currency manipulator?
OK, back on track ...
Cable traded higher on the session but is off its highs. The Bank of England meets today, its 'Super Thursday', announcing
- Its interest rate decision
- Meeting minutes
- & the Quarterly Inflation Report
- All at 1200GMT
- Followed by Governor Carney's press conference at 1230GMT.
Gold is up on the session, oil is little changed.
Regional equities:
- Nikkei -1.04%
- Shanghai closed, reopens Friday China time
- HK -0.63%
- ASX -0.31%
Want a giggle?
- Deranged head of Putin-puppet regime rants at benevolent Australian leader
