Forex news for Asia trading Thursday 6 July 2017
- Australia May trade balance - analyst response coming in
- Oil - US strategic crude stockpiles have dropped - lowest level in more than 12 years
- What's your #1 trading rule?
- China bond defaults leading to "much more to a proper market pricing"
- Australian trade balance for May: +2471m (expected surplus AUD 1bn)
- PBOC sets USD/CNY mid-point today at 6.7953 (vs. yesterday at 6.7922)
- USD/JPY a little lower: fix supply, cross selling cited
- ANZ say on global currencies - the probability of a breakout is rising
- Australian trade balance for May - 3 previews. Including one for a deficit ...
- Australian bonds & the whale (biggest sale since 1982)
- Barclays on the Federal Open Market Committee minutes
- S&P - likelihood of military action from North Korean ICBM launch is low
- Australia overnight press - comments from RBA's Harper
- PBOC Governor Zhou says Bank to keep prudent, neutral mon pol this year
- NZ budget surplus to be larger than forecast
- More Japan - BOJ 'output gap' higher for 3rd straight quarter
- Japanese forecasters say GDP grew 0.5% in May
- Trade ideas thread - Thursday 6 July 2017
- Oil - private inventory data shows big draw
- Waves of hot air being released into atmosphere (AKA UN meeting on Nth Korea)
- Economic data due from Asia today
News and data flow slowed once US trading finished for Wednesday. The data focus of the session was the Australian trade balance for May, while fresh news was pretty much absent.
The Aussie trade surplus surged to a big beat on expectations with a bounce back for coal exports a feature; April exports had suffered due to Tropical Cyclone Debbie impacts (there were revisions lower for April issued today).
AUD/USD popped a few points on the big surplus announcement but met with near instant selling, capping the gain but sending it not too much lower; as I update its very little changed net on the day.. NZD/USD is a few points lower on the session.
Yen crosses fell on the session (a part of what weighed on the NZD) with USD/JPY back below 113 and close to the day's low as I wrote.
EUR/USD is a touch lower also (little in the way of news), while cable has gained a few points with USD/CHF little changed. USD/CAD is up a few points.
Oil popped early on a larger than expected draw reported in the private inventory data (we await official results Thursday morning US time). Gold has a had a wiggle or two in a small range but is close to unchanged as I update.
Regional equities:
- Nikkei -0.55%
- Shanghai -0.31%
- HK -0.25%
- ASX -0.03%
