Forex news for Asia trading Tuesday 28 March 2017
- China headlines - overcapacity, zombie firms, steel production ...
- 4 Federal Reserve speakers coming up on Tuesday ... including Yellen
- China - Earliest March data is showing improved economy
- Brexit news - Qatar pledges over $6 billion in investment in Britain
- PBOC says it will provide financial support to help manufacturing
- Trump on the tweets ... hatin' on the 'Freedom Caucus'
- PIMCO: The PBOC’s tightening - a new approach and more to come
- PBOC sets USD/CNY central rate at 6.8782 (vs. yesterday at 6.8701)
- EUR/USD orderboard
- USD/JPY & EUR/JPY orders
- AUD and NZD orderboards
- More from Fed's Kaplan: Does not see systemic risk from stock market valuations
- Japan finance minister Aso: No comment on FX levels
- Japan economy minister Ishihara: Closely watching market moves
- USD/JPY testing highs as Tokyo trading gets underway
- Here are 48 hedge fund jargon terms beginners might want to know
- Fed's Kaplan: US GDP growth to be 2.25%, enough to reduce labour mkt slack
- Australia - ANZ-Roy Morgan consumer confidence index: 113.8 (prior week 112.0)
- Heads up for Fed's Kaplan speaking at the bottom of the hour - live link here
- RBA's Debelle speaking - no remarks on economy nor monetary policy
- Trade ideas thread - Tuesday 28 March 2017
- More Japan press: Odds of BOJ's Kuroda hitting price target grow longer by the day
- Japan press preview the BOJ Tankan ... "manufacturers seen feeling good"
- Maybe this is why the NZ dollar is bud
- Median of 24 analysts projects Mexico Central Bank to raise rates by 25 bps
- What weighs 100kg, is gold, is named the big maple leaf, and was stolen on Monday?
ICYMI: ForexLive Americas FX news wrap: Can't keep risk trades down
A lacklustre day for forex despite a busy start. Early Tokyo took USD/JPY higher (and AUD/JPY with it) but circa 110.80 USD/JPY was turned back. It scooted back towards an unchanged level for the session and is just trickling a little lower as i update. The range, though, has been small. News flow was very light, data flow non-existent.
Federal Reserve head Robert Kaplan spoke, again, adding nothing new to his comments in the past week or so. He speaks again on Tuesday, US time.
AUD was a mover early too, AUD/JPY rallying with the USD/JPY and taking AUD/USD above 0.7630 before settling a few tics under there. An RBA speaker (no AUD-trade relevant comments) and minor data point having zero impact.
EUR, CHF both very little changed. Cable is up tiny. Gold barely changed, net up a buck or so. Oil has gained a few cents though.
A lacklustre day.
Regional equities:
- Nikkei +1.06%
- Shanghai -0.29%
- HK +0.55%
- ASX +1.17%
Still to come:
- 4 Federal Reserve speakers coming up on Tuesday ... including Yellen
