Forex news for Asia trading Friday 29 November 2019
- Reports of large protests to come again this weekend in Hong Kong
- PBOC official says China still has room in monetary policy
- More from BOJ Gov Kuroda - fiscal and monetary policy is not enough
- Here is the full text of Bank of Japan Governor Kuroda comments in parliament
- BOJ governor Kuroda - BOJ easy money policy bias, mindful of risks to economy
- Japan's disappointing industrial production data for October - recap
- ANZ preview the RBA meeting next week (spoiler, RBA on hold)
- Senior BOJ official comments on monetary policy
- PBOC sets USD/ CNY central rate at 7.0298 (vs. yesterday at 7.0271)
- Fitch Ratings lowers its outlook on Japanese insurers to stable from positive
- Bank of Korea has left its base rate unchanged (as expected)
- Japan finance minister Aso says the government wants to secure the economy's recovery trend
- Australia Private Sector Credit for October: 0.1% m/m (expected 0.3%)
- Japan and South Korea are to have trade talks in December
- More UK data - Lloyds Bank Business Barometer (confidence): 9 (vs. prior 6)
- UK data - GfK Consumer Confidence for November: -14 (expected -14)
- Japan preliminary industrial production for October: -4.2% m/m (expected -2.0%)
- Tokyo inflation data for November, headline is 0.8% y/y (vs. expected 0.6%)
- Japan Unemployment rate for October: 2.4% (expected 2.4%)
- ICYMI: Leading South Korean crypto exchange UpBit confirms theft of 342,000 Ether (ETH)
- South Korean press report on possible coming North Korean ballistic missile firing
- China likes Trump as US president: a "business man", "would be glad to have him re-elected"
- Bank fixed interest note forecasts two rate cuts from the ECB in 2020
- Trade ideas thread - Friday 29 November 2019
- New Zealand data, Building Permits for October: -1.1% m/m (prior +7.2%)
- Goldman Sachs on the US economy next year - "growth to accelerate modestly"
- NZ fin min Robertson says the country's strong position on debt gives it space to invest
- North Korea has launched more test missiles
- NZ data - ANZ consumer confidence for November +1.9% m/m (prior +4.0%)
It was a holiday for US markets on Thursday and will be a shortened day of trade on Friday. In Asia today forex fell into the doldrums with tiny ranges for the majors.
There was plenty of data released (see bullets above) but with barely any impact.
Scan your charts for moves, they are hardly worth mentioning. Major currency FX ranges are around 10 points. Gold was a bit of a standout, its up maybe 3 bucks off its lows.
One item of note if you are trading EMs, the Chilean central bank threatened intervention in the CLP (to support it).
Still to come:
- Canadian PM Trudeau to meet on NAFTA Friday with Mexico representative
- Heads up for China PMIs, due over the weekend
- FX option expiries for Friday November 29 at the 10am NY cut
- AUD traders heads up - its a huge week ahead for data, also the December RBA meeting
Catch y'all on Dec. 9!
