Forex news for Asia trading Monday 7 August 2017
- US Sec State Tillerson tells Russia that meddling in elections is a serious incident
- RBNZ: NZ 2 year inflation expectations: 2.09%
- Here is what's coming up to move FX rates in Europe, the UK & USA today
- Vanguard and BlackRock say bond traders are too complacent
- New Zealand Treasury's Monthly Economic Indicators - July 2017
- South and North Korea foreign ministers met in Manilla
- Australia data - ANZ job ads for July +1.5% m/m (prior +2.7%)
- USD/CNY reference rate for today is 6.7228 (vs. yesterday at 6.7132)
- The 2 big reasons USD/JPY can drop 10 big figures in September; look out 100!
- RBNZ meet this week - all polled economists expect on hold
- Australia - Construction sector PMI for July: 60.5 (prior 56.0)
- China Securities Journal says USD weakness may be ending
- Brexit - UK data (Visa) - consumer spending fell again - longest slide for 4 years
- This bank note on the USD from Friday was prescient
- Goldman Sachs on the US NFP report - the "bottom line" for the Federal Reserve
- "How 'bout that NFP?" (analyst responses)
- Major financial market event risks coming up this week from around the globe
- OIL - OPEC / non-OPEC meeting begins today (7 August): "YU no comply?"
- Trade ideas thread - Monday 7 August 2017
- Economic data due from Asia today
- UK press: Former chancellor - if rate rise, consumers are vulnerable to shock
- Monday morning 7 August 2017, Forex prices - early indications
Weekend:
- This Game of Thrones speech is a perfect metaphor for markets
- UK prepared to pay up to EUR 40bln for Brexit divorce bill
- China urges North Korea to stop carrying out missile tests
- This should automatically disqualify Trump from the White House
- UN resolution will cut one-third of North Korean exports
- If teenagers today seem far different than before, it's because they are
- Video: Four tricks to the vacation trade
The USD maintained its post-NFP Friday gains in Asia to open the week here in Asia, but with small retracement. Ranges were subdued.
EUR/USD ticked a wee bit higher, halting around 1.1800 while USD/CHF slipped a little to under 0.9720. Cable didn't do a whole lot more, its above 1.3050 as update.
USD/JPY has had around a 15 point range only.
USD/CAD was very subdued indeed, while AUD/USD ticked about 15 or so points up from its late Friday level. NZD/USD was held in check by some AUD/NZD buying (small, but enough), keeping below 0.7415 for much of the session and straddling the figure as I update. A monthly update from the New Zealand Treasury and Inflation expectations data from the RBNZ provided little impetus.
Gold is awaiting cues, its done very little indeed.
Data flow here in Asia today was light, and confined to lower-tier importance. There is some potential market-moving data and speakers on the docket still to come in Europe/UK and USA today:
Regional equities:
- Nikkei +0.62%
- Shanghai -0.17%
- HK +0.34%
- ASX +1.03%
