Forex news for Asia trading Tuesday 21 June 2016
BREXIT:
- Brexit - Roubini weighs in with a 'Remain' preference
- EUR/USD, USD/JPY targets on Brexit - BofA Merrill Lynch
- Japan finance minister Aso: Very important for FX to be stable
- The Brexit market liquidity migraine - one-way traffic & illiquidity already evident
- MOAR Brexit! Harry, Hermoine and Ron voting to 'Remain'
- Brexit referendum day - here are the key times to watch for results
- Help me out here. As of Friday, what are we gonna freak out about next?
- UK's Osborne refuses to rule out suspending trading on London stocks
- Soros on Brexit - British voters "grossly underestimating" true costs of Brexit
- 3 Brexit polls hit in the past few minutes, summary of results
- YouGov Brexit poll: 42 % Remain vs. 44% Leave
- Next Brexit poll - NatCen: 53% Remain, vs. 47% Leave
- Brexit poll: ORB 53 remain, 46 leave
- John Oliver on the Brexit vote
Not Brexit:
- RBA June meeting minutes - warning on higher AUD
- RBA's Q1 House Price Index: +6.8% y/y and -0.2% q/q
- PBOC sets yuan reference rate for today at 6.5656 (vs. yesterday at 6.5708)
- BOJ April meeting minutes out now
- Australia - ANZ weekly consumer sentiment: 118.8 (prior 116.4)
- RBA's Debelle comments on bond market liquidity
- Reuters Japan Tankan: Manufacturers +3 in June (vs. +2 in May)
- Tuesday - Germany's constitutional court rules on ECB emergency bond-buying
- Trade ideas thread - Tuesday 21 June 2016
- Central bank attacker armed with gun and bomb shot dead
- Disappointing finish for US stock markets
An active kick-off to the early Asian session with 3 Brexit polls dropping from around 4.45pm NY time to just after 5pm.
The first two to hit the wires saw 'Remain' in front:
Brexit poll: ORB 53 remain, 46 leave
Next Brexit poll - NatCen: 53% Remain, vs. 47% Leave
GBP popped a little on these, but didn't sustain any upside momentum.
The next poll result to hit showed 'Leave' in front:
- YouGov Brexit poll: 42 % Remain vs. 44% Leave
GBP dropped on this, but again, momentum was not sustained.
Since then its been a chop sideways for Cable.
EUR/USD gained steadily in the Tokyo morning, up around 35 or so points but has since given back around half. USD/CHF ... sideways.
USD/JPY dropped toward 103.55/60 in the Tokyo morning but then bounced above 104.10 before settling down around 104.00. There was little in the way of news etc, although we got comments from finance minister Aso and BOJ April meeting minutes.
The People's Bank of China strengthened onshore yuan today, just a little again.
Australia saw the release of RBA June meeting minutes (take that, BOJ). AUD/USD had been trading quietly higher through the morning and that continued until sellers prevailed from around 0.7485. AUD has since dribbled lower, around 0.7465 as I update. NZD/USD followed a similar pattern , topping just over 0.7120 for the session and back towards 0.7105 now.
Gold had a pop above 1292.50, but not sustained & its under 1287.50 as I type.
Regional equities:
- Nikkei +0.59%
- Shanghai +0.26%
- HK +0.52%
- ASX +0.01%
Still to come: Tuesday - Germany's constitutional court rules on ECB emergency bond-buying
