Forex news for Asia trading Wednesday 22 June 2016
BREXIT:
- NAB on the implications for the Australian dollar on Brexit
- USD/JPY on Brexit vote - 300 point swings coming up?
- A song for Brexit (my vote is with Eamon)
- Brexit - we've had a poll of polls, now a newspaper of newspapers
- Brexit Referendum - the "Poll of Polls" has "Remain" ahead
- Here are the Brexit polls we are expecting on Wednesday
- Brexit referendum losers - the excuses are in! "It was rigged!"
- Who won the BBC Brexit debate - the votes are in!
- Britain's Daily Mail endorses 'Leave' vote
- Japan press - Corporate Japan keeping calm about possible Brexit
- If the BBC debate is a gauge of direction, the UK is going to vote to leave (with comments working)
- "Brexit fears prompting savers to stuff gold bars in safes at home"
Not Brexit:
- Moody's: Chinese banks' rising investments in loans & receivables increase system risks
- BOJ's Kuroda: FX, stock markets sometimes move too much
- OK then, who is off to bed soon? If so, do NOT watch this.
- PBOC sets USD/CNY central rate at 6.5935 (vs. yesterday at 6.5656)
- Australia Data: Westpac Leading Index for May: +0.21% m/m (prior +0.14%)
- Yellen testimony wrap-up: Fed cautious on rates due to Brexit, US hiring slowdown
- Ladies & gentlemen, here's a poll that's not about Brexit!
- New Zealand migration data for May +5500 (prior +5520)
- Missile launch from North Korea detected
- Trade ideas thread for hump day. Wednesday 22 June 2016.
A bit of across the board USD weakness today, nothing too huge (unlike this big fella).
Yen, EUR, CHF, GBP all up to a greater or lesser extent. AUD and NZD weren't left out, but both only slightly higher as I update.
Data flows were thin on the ground here in Asia today.
GBP slipped lower in late NY/very early Asia, seemingly in response to a good show put on the 'Leave' side in the BBC's Brexit debate. Post-debate polls gave the win to 'Leave'. Cable bounced from sub-1.4620 lows pretty much for the balance of the Asian day (as I update) towards 1.4685/90. Liquidity remains poor, but with the referendum coming up on Thursday, you ain't seen nothin' yet.
Oil gained in late NY on the back of a private inventory report showing a draw in stocks in excess of what was expected. Gold is little changed on the day.
Also, data I didn't post on, but just FYI:
- NZ May credit card spending +5.9% y/y (prior +9.1%) and flat m/m (prior +2.4%
- Australian skilled job openings increase by 10.5% y/y, and up 1% m/m
Regional equities:
- Nikkei -0.58%
- Shanghai +0.45%
- HK +0.32%
- ASX +0.28%
