Forex news for Asia trading 24 October 2019
- Australian Q3 inflation data is due next week - early preview
- Week ahead view for the AUD
- Here's a call for the RBA to slash rates further, then begin QE
- AMZN results were a disappointment, share price got trashed. Bezos' focus is on the business.
- Another piece suggesting the BOJ will leave policy unchanged next week
- PBOC sets USD/ CNY reference rate for today at 7.0749 (vs. yesterday at 7.0727 )
- FX option expiries for Friday October 25 at the 10am NY cut
- Optimism on global growth is still ebbing away, despite persistent global easing
- BOJ monetary policy meeting next week - ammunition should be saved say 'people familiar'
- Federal Reserve FOMC meet next week - rate cut on the agenda says Goldman Sachs
- Japanese government minister resigns over integrity issue. Politicians elsewhere dumbfounded.
- A Brexit ICYMI - Boris Johnson has threatened to take his government on strike if he can't get a December election
- Watching out for China's reaction to US VP Pence speech overnight - support for HK
- Next week brings the FOMC and BOJ meetings - forecast range for USD/JPY
- Goldman Sachs on the new-look ECB (same as the old one)
- ICYMI: Trade adviser to Trump says China trying to bring the US to our knees
- Trade ideas thread - Friday 25 October 2019
- NZD view update, targeting 0.62 in the months ahead
Plenty of flat lines for Asia exchange rates today. Check out EUR/USD, its barely had a 5 tic range since 5pm NY time. The wild swings for GBP over Brexit were absent here today also, its straddled 1.2640 the whole session after the huge range it had in Europe/UK/US trade.
News flow was barely existent for anything of relevance to the major trading currencies. Data flow, ditto.
NZD/USD has lost a few points on the session. Again, news and data was absent but it and AUD were both just a touch weaker.
Keep en eye on USD/CHF, its been ticking higher (not here, here its flatlined with nearly everything else) and it appears to only need a nudge of encouraging news (for risk) to trade higher again (ie lower CHF).
