Forex trading headlines for Asia Thursday 18 September 2014
- Scottish poll latest – YES 48% / No 52%
- New Zealand Q2 GDP: +0.7% q/q (expected +0.6% q/q)
- Japan – Trade balance for August: Y -948.5bn (expected Y -1028.9bn, prior was Y -962.1bn)
- Bank sees even sharper contraction for Ukraine and Russia ahead
- China house price data: August new home prices +0.5% y/y (July +2.5% y/y) and more here
- Australia – “Iron ore and China bears wrong”
A day of digestion in the Asian timezone today … digesting the Federal Reserve’s FOMC decision and Yellen’s comments, that is. And also a day awaiting the beginning of voting on the Scottish referendum.
EUR/USD slipped a little further in the early part of the session, but then steadily ground out a small retracement. It sits near session highs (that’s not saying much) as I type.
GBP/USD, meanwhile, showed very little reaction to earlier poll results (showing ‘No’ ever so slightly ahead) and spent the day pretty much sideways.
USD/JPY steadied through the session after its wild climb post-FOMC … and tis barely off its highs as I type.
AUD continued its post-FOMC slide in the early going, but the further price extension was only very small before a bounce on just over 15 points. NZd/USD reattempted its overnight low but it too wobbled a little higher, up near 20 or so points.
USD/CAD gave back around 20 points from early session ighs.
Oil drifted to revisit overnight lows (as I type), while gold sold further but then bounced around $8.
EUR/CHF had a cracking day … flexing its muscles for a 13-odd point range.
