Forex news for Asia trading Tuesday 20 September 2016
- Westpac on the RBA
- FXL lifestyle section - 5 things the BOJ can do to spruce up monetary policy!
- NZIER’s Monetary Policy Shadow Board recommends the RBNZ leaves rates on hold
- China MOFCOM spokesman: Outlook for trade tough, govt not blindly optimistic
- More from Barclays on the September FOMC meeting - expect a rate hike
- Japan finance minister Aso: Should leave specific monetary policy steps to the BOJ
- Meanwhile, in the UK: 'Up to 100 schoolchildren' involved in mass brawl in Bexley
- Australia - Q2 House Price Index: +2.0% q/q (expected +2.8% q/q, prior -0.2%)
- RBA Minutes: Economic drag from falling mining investment looks to have peaked
- People’s Bank of China sets yuan reference rate at 6.6595 (vs. yesterday at 6.6786)
- Chinese Premier Li says there is no basis for sustained devaluation of the yuan
- Barclays and BNP are forecasting the FOMC will hike rates this week
- Better read this headline carefully: FedEx details plans to raise rates next year
- Australia - Weekly Consumer Confidence: 115.5 (prior 118.1)
- British PM May says to US businesses: "Please feel free to invest in the UK"
- Deutsche Bank says on BOJ: Risks firmly skewed in the direction of a stronger yen
- Heads up for NZD traders - its dairy auction day!
- Trade ideas thread - Tuesday 20 September 2016
- Goldman Sachs says NZ economy too strong to justify further rate cuts
- Japan ex-currency head: Need to reassess all eco policy, not just mon pol
- The post-Brexit "Shore up the euro before it's too late" report is out
- Oil - Producers will discuss possibility of output freeze at Algiers OPEC gathering
Maybe today in Asia was a taste of thing to come tomorrow ahead of the BOJ and FOMC ... it was a wee bit quiet.
News and data flow was subdued; we got some data from Australia and the release of the RBA September meeting Minutes.. These confirmed the neutral bias of the RBA at present, and were generally more positive on the economy. AUD/USD popped a few points and then came back to be barely higher on the session.
The NZD, though, had a higher session, up 30+ points from earlier lows. The RBNZ September meeting decision is to be announced on Thursday morning (New Zealand time), an on hold decision is widely expected.
Little change for the EUR, CHF and GBP today. USD/JPY too, stayed confined to a small range and it too is little changed on the session.
Gold managed to gain a couple of dollars or so.
Regional equities:
- Nikkei +0.24%
- Shanghai -0.07%
- HK -0.16%
- ASX -0.19%
Still to come: Heads up for NZD traders - its dairy auction day!
