Forex news for Asia trading Wednesday 22 April 2015
- Goldman Sachs technical analysis - USD/JPY Heavier Setup and USD/CAD Double Top
- BlackRock Miller sees at least 2 RBA rate cuts this year
- Responses to the Australian CPI data
- Australian Q1 CPI inflation data result
- Forex technical analysis: AUDUSD traders await CPI
- Japan court rejects request to halt restart of Kyushu electrics Sendai reactors
- Ex FX chief sees BOJ exiting stimulus "nightmare"
- NYT: ECB demands that value of collateral that Greek banks post be cut
- Australia data - Westpac Leading Index for March
- Japan March trade balance
- CHF cap: Thomas Jordan, SNB president, faces a tongue lashing from his own shareholders
- More on the huge oil inventory build
- BP sees "little chance of a revival in crude prices for a long time"
- 6 myths of the Euro / Greek crisis
- Japan press: BOJ considering cut to fiscal year 2015 inflation forecast
- The strongest and weakest currencies for the day (April 21, 2015)
- Forex education: EURUSD today? Like kissing you sister. Now what?
- Nasdaq gains. Other major US indices fall.
- API crude oil inventories up 5.5 million bbls
EUR, CHF, GBP, yen ... all had minor movement within small ranges. There was little in the way of fresh news.
AUD and NZD the movers again today. Both moved a little higher in the quarter hour ahead of the inflation data from Australia, and the AUD then moved sharply up on the release of the data.
The headline CPI came in marginally above consensus expectations, and the core firmed a little on the y/y. Really, though, there wasn't much to surprise there, the AUD jumped on shorts getting some stops triggered. AUD/USD topped out just above 0.7700 and has stabilized somewhat since.
Oil fell in late NY on the big inventory build data from API (see bullets, above) and spent the session languishing after that.
Gold ends a little lower on the session
Regional equities (around lunchtime in Tokyo):
- Shanghai +1.8%
- Nikkei +0.8%
- Hong Kong +0.3%
- ASX -0.7%
