Forex trading headlines for Asia Monday 14 July 2014
Weekend:
- UK’s Cameron prepares for a major government re-shuffle
- Federal Reserve Evans: Not a ‘catastrophe’ if U.S. inflation rises over 2%
- Russian foreign ministry says the shelling from Ukraine may have “irreversible” consequences
- Germany’s Merkel warns of Eurozone fragility
- Bundesbank head Weidmann says ECB interest rates too low for Germany
- Dutch Finance Minister Dijsselbloem calls on banks to lend more
- Hilsenrath – Debate intensifying among Fed’s regional presidents about whether to push rates up
- Italy news – Renzi: Italy does not need help in managing its economy
- China demands wall around wealth management sector to cut risk
- Japan’s governing party surprise setback in regional election
- BIS head says investors are ignoring prospect of higher interest rates in the hunt for returns
Monday:
- New Zealand – Westpac has lowered its 2014/15 milk payment forecast
- New Zealand Performance of Services Index (Services PMI) for June
More:
- Euro – JP Morgan – Key Currency Views – Key drivers of negative view on EUR/USD
- Euro – JP Morgan – Key Currency Views – EUR/USD technical analysis
- Citi FX Strategy client note – Euro resilience & how are funds positioned?
- Citi FX Strategy client note – A perfect storm for EUR/JPY?
EUR/USD, cable and USD/CHF all more or less flatlining in the opening session of the week here in Asia.
USD/JPY wasn’t much better, it crawled a little higher toward 101.40 and is 6 points or so lower as I type.
AUD and NZD against the USD both gained, ozzie up around 25 points from its early lows and the kiwi about 25 too. Glenn Stevens? Who’s he? (RBA’s Stevens exercises his jawbone, sees “material” fall in AUD “at some point”) CAD was pretty much flat.
Oil was a flat line also, while gold gave back $5 or so from earlier highs.
