Forex news for Asia trading Friday 22 April 2016
Very sad news with Prince passing away. If you're having a party this weekend - put this one on ... loud.
- Prince, Tom Petty (& others) "While My Guitar Gently Weeps"
- Prince - One of the greatest Super Bowl Halftime performances of all-time
- Oil production in some of the riskiest, highest-cost regions of Nth America still thriving
- China - Concern mounting over rising credit defaults
- MNI China Business Sentiment Indicator +1.2% to 50.5 in April, from 49.9 in March
- China added millions of jobs in Q1, kept unemployment rate flat
- China economy - about to get Poled? (not a typo)
- China - What could go right?
- Japan, Nikkei flash manufacturing PMI (April): 48.0 (expected 49.5)
- Russia, Norway are "Doing a Saudi" on Europe natural gas
- SocGen like AUD/NZD - trade recommendation
- PBOC sets yuan reference rate for today at 6.4898 (vs. yesterday at 6.4803)
- China press: China wants laws to regulate ratings agencies
- Japan economy minister Ishihara: Will decide in early May if earthquakes qualify
- Sweden’s central bank "dodged a bullet"
- Don't try this at home - professional trader loses 4 years of gains in 4 months
- If the Alphabet has lost around 5%, which letter should we get rid of?
- Welcome to the Friday trade ideas thread!
- The iron ore miner getting dragged backwards through a hedge
- EU's Dijsselbloem says Greek reforms seem to be heading in the right direction
Economic data ... nearly nothing for the session and it was not an active day on the forex, but some minor moves.
EUR/USD climbed a few points in a small range, CHF too. Cable a little higher also.
USD/JPY had a small range, little more than 25 or so points and its mid range as I post.
AUD and NZD traded a little higher also, but again ranges were not large and are more or less mid-range on the session as I update.
As I said, little in the way of news to move the rates today.
Regional equities are mostly lower, and while we are on the subject of equities Microsoft, Google (well, Alphabet now) (and many others) were smashed lower on earnings/profits in the after hours today (see bullets above).
- Nikkei -0.29%
- Shanghai -0.59%
- HK -0.98%
- ASX -0.45%
