Forex news for Asia trading Monday 24 October 2016
- Templeton's Mobius likes gold to advance by as much as 15% - Fed to go slow
- More on the Japan trade data today: "rising volume of shipments"
- Want to work at Steve Cohen's hedge fund? He's hiring from around the world
- Offshore yuan at a 6 year low today
- Some broad USD strength in Asia
- Germany seeking tighter control over foreign investment in European companies
- OIL: More on Iraq wants exemption cuts ... We are with OPEC, but not at our expense
- People’s Bank of China sets yuan reference rate at 6.7690 (vs. Friday at 6.7558)
- Huge week for China politics coming up - 'quick take Q&A"
- Japan - Manufacturing PMI (flash, October): 51.7 (prior 50.4)
- More on Japan's September trade balance: 12 months of falling exports
- Japan - September trade balance: Y 498.3bn (vs. expected Y 366.1bn)
- TD Ameritrade & Toronto-Dominion bank said nearing deal to buy Scottrade for $4 bln
- China's 'opportunistic' FX policy (and why its selling EUR)
- Deutsche Bank says EUR/USD to revisit year lows soon, forecast 1.05 by year-end
- Late Friday - Fitch revises Italy's Outlook to Negative (affirms rating)
- The week ahead in Asia / Pacific - the key releases coming up
- Trade ideas thread - Monday 24 October 2016
- Oil - Iraq says it should be exempted from OPEC output freeze
- Monday morning Forex prices, early indications 24 October 2016
Weekend:
- Novak: Russia in talks with OPEC on right level of output
- Vote abstention will let Spain's Rajoy form government
- Another one of those European 'deadlines'
- Parliament must be allowed to have a vote on Brexit plan says UK's Benn
- UK's Grayling says it's in the EU's interests to give tariff-free trade after Brexit
- Ray Dalio's template to guide his global macro investing
- Time Warner and AT&T set for biggest merger of 2016
- EU-Canada trade talks: Can a deal be made?
- Third massive denial of service attack hits the internet
A broadly higher USD today in Asia, although ranges were very subdued here at the beginning of the new week. Weekend and Monday news flow was light.
Data flow, too, was limited, Japanese trade balance data for September along with the flash manufacturing PMI
- More on the Japan trade data today: "rising volume of shipments"
- Japan - Manufacturing PMI (flash, October): 51.7 (prior 50.4) Nikkei / Markit
- Japan - September trade balance: Y 498.3bn (vs. expected Y 366.1bn)
EUR, CHF, GBP all traded lower against the USD. The yen was slightly weaker also.
AUD and NZD had a relative outperformance, with the NZD little changed (on a New Zealand market holiday) while AUD/USD is a tic or so to the better ... not much in it really.
As I've said, ranges were subdued.
Oil is lower on the day, seemingly related to weekend comments from the iraqi oil minister seeking exemptions from output cuts for the country.
- OIL: More on Iraq wants exemption cuts ... We are with OPEC, but not at our expense
- Oil - Iraq says it should be exempted from OPEC output freeze
Regional equities:
- Nikkei -0.06%
- Shanghai +1.29%
- HK -0.19%
- ASX -0.64%
