Forex news for Asia trading Monday 30 March 2015
Weekend:
- PBOC Governor Zhou dovish in weekend comments
- Are we on the brink of an Iran nuclear deal?
- PIMCO says the Eurozone can't survive in its current form
- Der Spiegel: Troika expects Greece to miss primary surplus target this year
- Greek PM Tsipras: "The liquidity problem is naturally hampering the situation"
- Greek energy minister starts two-day visit to Russia on Monday
- Greece will sell Piraeus Port stake in weeks - Xinhua
- Daylight saving time about to kick in for Europe, UK
- Forex technical analysis: EURUSD higher on the week, but neutral technically
- Greece submits reforms, minister warns country prepared to go its own way
- Chinese President Xi: China should not focus on its economic growth rate only
- Bank of England's Broadbent: "Public isn't worrying about deflation and neither am I"
- BOJ's Kuroda: Inflation will rise from early autumn
- U.S. Treasury Secretary Lew will press China for a more market-determined exchange rate
Monday:
- Goldman Sachs says EUR/USD to fall on continued portfolio rebalancing flows
- EUR/USD Squeeze Has Run Its Course; What's Next? - Goldman Sachs Elliot Wave
- Machine learning, artificial intelligence ... transforming how assets are managed
- Barclays looking to sell EUR/JPY
- New Zealand Treasury - Monthly Economic Indicators
- More from RBC - expect US growth to jump to an above-average rate
- RBC still like EUR/USD shorts
- More on Japan's disappointing February preliminary industrial production data
- ANZ: "The Greek question still has the potential to roil the EUR"
- Further policy easing from PBOC can be seen as a positive for AUD - CBA
- China press: China may boost investment to stabilise growthJapan - February preliminary Industrial production: -3.4% m/m (expected -1.5%)
- BNP likes USD/SGD
- Barclays: Rising house prices, growing household debt may not deter RBA from cuts
- UK press: Iran nuclear deal to see $20 oil if Tehran floods crude market
- UK election poll: Conservatives 4 point lead over opposition
- Australia press: RBA not focused on if to cut, but on how many cuts now needed
- "Greek Bailout Proposals Lack Necessary Detail, Officials Say"
Chinese and Hong Kong stocks were higher today, with hints from People's Bank of China head Zhou of more easing cited.
The AUD didn't seem to get much benefit, though, it opened soft in New Zealand and dribbled lower for much of the early going. It has managed to bounce 30-odd points (actually, just a little less as of writing) since, but is still below Friday closing levels.
EUR & GBP also lost ground against the USD today and both are not far off their lows as I write. The CHF lost a little less, EUR/CHF down a few points for the day only.
Oil remained quite heavy, on session lows as i write. Gold was heavy too .... but up from session lows.
USD/JPY was the least dramatic of the lot, it had a 20 or so point range and is mid-range as I write.
