Forex news for Asia trading Thursday 1 September 2016
- The next step for banks ... emotional surveillance of traders
- NFP: "This is the number that could get the Fed to hike rates in September"
- UBS says an RRR cut this year still possible, but don't expect a rate cut
- China's vice fin min comments on growth, industrial overcapacity
- PBOC's Yi says the yuan has had 2-way moves recently
- Japan LDP to reassess how GDP is counted, likely to be revised higher
- Japan - JGB sell off continues, some yields around 6 month highs
- Russian energy minister: Oil output freeze unlikely to be discussed at Algeria meeting
- Japan finance minister Aso comments on G20, Japan economy
- People’s Bank of China sets yuan reference rate at 6.6727 (vs. yesterday at 6.6784)
- The questions on the reliability of Chinese economic data just won't go away
- Japan monetary base for August: Many Godzillions (prior lotsa Godzillions)
- Here are 7 nonfarm payroll previews (Count 'em, seven!)
- CBA on today's NFP ... danger of a disappointment and a USD rally unwind
- NZ GDP forecast from ASB: +1.2% in Q2
- Japan's JCER forecasts GDP shrank 0.3% in July
- RBNZ comments on NZD trading, turnover etc. in latest report
- Blackstone's Wien: Sees diminished risk of contagion in Europe from Brexit
- Its nonfarm payroll day! Goldman Sachs on what to expect
- Trade ideas thread - Friday 2 September 2016
- China press reports aim is to reform SOE ownership in 2017
USD/JPY traded a little stronger today, a real little, the low for it was as Tokyo got itself underway for the session, just under 103.15. From there it ground out a gain to circa 103.40. So, a little yen weakness but a subdued range. Yen crosses were generally slightly better bid alongside, with very little movement for EUR,CHF GBP, AUD or NZD against the USD.
News and data flow was very light indeed, though we did get plenty of pre-G20 remarks coming out of China (want more trade, more fiscal action ... the usual).
Russia's energy minister scaled back expectations of an output freeze being agreed to at the upcoming International Energy Forum meeting in Algeria later this month (September 26-28). Oil dribbled off a few cents during the session.
Gold is little changed.
Regional equities:
- Nikkei -0.41%
- Shanghai +0.07%
- HK +0.39%
- ASX -0.82%
Still to come:
- NFP day in the US ... Here are 7 nonfarm payroll previews (Count 'em, seven!)
- And the G20 meeting begins this weekend in China
More:
