Forex news for Asia trading Thursday 26 January 2017
Yep, finally ... Dow closed above 20K. It took a while, but so worth it ...
- TRANSCRIPT: ABC interview with President Trump
- Moody's: Chinese property market to show slower sales growth in 2017
- Chinese fund managers bet on stockmarket to rise after the Lunar New Year holidays
- Mexico's Pena Nieto: "Regrets and disapproves" wall, repeats Mexico will not pay for it
- Sth Korean fin min says authorities should watch FX rates closely
- More on "China Said to Require Banks to Curb New Loans in First Quarter"
- Oil demand growth will slow, supplies will remain abundant says BP
- Brexit parliament bill - first stage to come today
- China - December Industrial company profits +2.3% y/y (prior +14.5%)
- Abe adviser Honda: USD/JPY may go past 120 this year
- Ratings agency Fitch on China & excess capacity
- PBOC sets USD/CNY mid-point today at 6.8588 (vs. yesterday at 6.8596)
- Japan PM Abe: Making final preparations for meeting with Trump
- Canadian PM Trudeau: Too early to predict how NAFTA talks will unfold
- Trump team compiles infrastructure investment priority list. (And, here it is!)
- Japan Services PPI (December) 0.4 % y/y (expected 0.3%, prior 0.3%)
- Reminder - RBNZ Gov. Wheeler speaks today (sshhhh ... It's a secret!)
- NZ Q4 inflation - analyst responses coming in
- File this away for next week - thoughts on the FOMC meeting from Goldman Sachs
- Goldman Sachs is staying short GBP, targeting 1.2 (within 3 months, then lower)
- Japan press: Deeper primary deficit in FY2020 than projected, likely radical reforms
- Trade ideas thread - Thursday January 26, 2017
- New Zealand Q4 CPI: 0.4 % q/q (expected 0.3%) & 1.3% y/y (exp. 1.2%) CORRECT
Cable was a small gainer today, edging a little higher on the session. The range was small, but that was the case for pretty much all the majors here today.
USD/JPY ticked a little lower (around 113.10 before back to above 113.40. It sitting just above its session mid-point as I update. There was little in the way of news or data to move it, although we did see business-to-business (and business-to-government) services prices come in at a beat on expectations today.
EUR/USD gained also, as did the CHF against the USD. EUR/JPY is net a few points higher on the session.
Australian markets were closed for a holiday and the currency is little changed on the session. NZD/USD had popped above 0.7300 but is down a little on those highs (but still up on the session). It popped on the news that inflation (Q4 2016) came in higher than expected, market response is that it further cements the end of the easing cycle in NZ. Having said this the inflation rate is still below target, its just higher than it was and the firming in the CPI was broad-based. The Reserve Bank of New Zealand meet next on February 9, the bank is expected to keep the cash rate on hold (at 1.75%) .
Gold is little changed, down a few cents, while oil is a few cents higher.
Regional equities higher following Record closes for the US stock indices :
- Nikkei +1.47%
- Shanghai +0.13%
- HK +1.37%
- ASX
