Author: Mike Paterson

Your economic data/event calendar for today 30 Sept

Greetings everyone.

I hope you made a few pips out of decent moves in the past 24 hours.

Month/quarter-end flows will continue to dominate but we have a raft of data too.

As always I wish you a good session and great week-end.

Times GMT

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Author: Eamonn Sheridan

ForexLive Asia FX news: CPI day in Japan ... keeps pressure on BOJ

Forex news for Asia trading Friday 30 September 2016 The Japan CPI was today's main Asia focus. Earlier on we got a few comments from Federal Reserve Chair Yellen, nothing much of note for the markets (see bullets above for the remarks, but really, don't bother).

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Author: Eamonn Sheridan
29

Yen hit ... USD/JPY surge

Yen crosses have jumped, USD/JPY up 50+ points in moments I got an ear to the ground ... not hearing anything yet (beyond someone hoovering it :-D ) OK ... intervention chatter (a ring around at least) -

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Author: Eamonn Sheridan

While we're on the yuan - it joins the IMF's SDR tomorrow!

Yes, the RMB, CNY, yuan ... or whatever you want to call it, joins the International Monetary Fund's Special Drawing Rights on October 1. It now sits alongside the  USD, euro, pound & yen in the basket

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Author: Eamonn Sheridan
2

Australia - HIA New Home Sales for August: +6.1% m/m (prior -9.7%)

Housing Industry Association (HIA) data Jump in new home sales driven by the +17.8% in multi-unit sales (was down 17.3% for the previous month ... yes, this is a 'lumpy' data point). Detached house sales up 2.9% in August (down 7.4% in July)

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Author: Eamonn Sheridan

NZ - ANZ Business Confidence 27.9 and Activity Outlook 42.4

New Zealand - ANZ Business Confidence 27.9, from 15.5 prior and Activity Outlook 42.4, from 33.7 prior for September Big jumps for both, fitting with the strong data we've been consistently getting from the New Zealand economy

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Author: Eamonn Sheridan

Australia, NZ & Canada - 3 scenarios for how the housing boom will play out

Bank of America Merrill Lynch economists say Canada, Australia and New Zealand are heading for 'an unwinding'... A 'painful' unwinding "Canada, Australia and New Zealand have all faced commodity shocks that have hampered growth and left the economy highly dependent on housing activity. Despite mounting financial stability risks, central banks in these regions are stuck with low rates to stimulate growth."

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Author: Eamonn Sheridan
3

More on Yellen saying Fed able to buy equities, corporate bonds could be helpful

Federal Reserve Chair Janet Yellen spoke earlier with not much reference to the economy nor monetary policy But she did make reference to the potential benefits to allowing the Fed to buy equities or corporate bonds in the event of a downturn. It was in reply to an audience question

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