Forex news for Asia trading Monday 16 March 2015
- "Oil Prices Tumble After IEA Warning"
- Soc Gen says risk USD/JPY to 119.50 after the FOMC
- Goldman Sachs on what to expect at the FOMC and how it will impact EUR/USD
- China power use rises y/y for January-February
- ANZ comments on the NZD - likely to outperform
- Economists divided nearly 50/50 on when Federal Reserve rate hike coming
- Goldman Sachs new forecasts for the EUR/USD
- "Australian interest rates could soon be half that of New Zealand's"
- SNB - Everyone's favourite central bank also have a meeting this week .... what to expect
- Australia - New motor vehicle sales from February: +2.9% m/m (prior -1.5%)
- UK data - Rightmove House Price Index for March: +1.0% m/m (prior was +2.1%)
- SocGen ... Eurozone to benefit from low rates, cheap oil
- BNZ ... expect the AUD fall to extend as US rate hikes expected
- NZIER survey sees lower New Zealand 2015/16 growth forecast
- Bank of Japan meeting comes right before key wage negotiations
- Deutsche Bank FOMC preview: "Could ... remove patience ... policy normalization"
- CIBC preview of the FOMC this week: Federal Reserve "will drop" patience
- Bank of Japan meet today and tomorrow
- RBA Debelle comments: Low global bond yields are difficult to explain
- Japan - Kyodo news: Toyota raise base wage by record 4K yen/ month
- New Zealand services PMI 55.6 (prior 57.8)
- "Hedge Funds Exit Gold at Fastest Pace in 18 Weeks on Fed Outlook" 1
- FOMC Preview - The word according to Barclays, and that word will not be "patience"
- China's Li prepares the way for further monetary easing
- UKIP would support the Conservatives but only with a 2015 referendum on Europe
- Most of this top proprietary trading firm's traders are in India, China, Israel 1
- "3 charts that might make you feel better about Australia's job creation"
- New Zealand finance minister says steps to curb housing demand are ineffective1
- Forex Education (VIDEO): When is a trend over? When the market tells you.
- Forex Education (VIDEO): When is a trend over? When the market tells you. A look at the GBPUSD
- Commitment of traders report for the week ending March 10, 2015
- Varoufakis warns that the QE-fuelled equity rally is unsustainable
- Bank of Italy's Visco says the euro is weakening faster than expected since QE
Some USD selling to get the week underway in Asia this Monday, but ranges relatively muted compared to the activity we've seen in Europe/UK and the US.
Nevertheless, EUR/USD, GBP/USD NZD/USD and AUD/USD all ticked a little higher.
Interestingly, USD/CHF was fairly falt (it had a wiggle or two but is not much changed on the session.
USD/JPY, too, more subdued than elsewhere.
Oil fell hard in the opening hours but has retraced some its losses.
Gold had a bounce, testing near 1160.
Coming up Tuesday: Australian dollar traders - Reserve Bank of Australia Minutes due Tuesday
