Forex trading headlines for Asia Thursday 9 October 2014
- Australia – September employment data and more here (analyst reactions)
- New Zealand – ANZ Truckometer (heavy) September: +1.8% m/m (prior at -1.2%)
- New Zealand – Electronic Card Transactions: retail -0.1% m/m (vs. expected at +0.4%)
- Nikkei: Japan mulls higher dividend tax to offset corporate tax cut
- UK- UK data – RICS House Price Balance for September: 30% (vs. expected 36%)
- UK data – BCC’s quarterly economic survey – weakest export growth in almost two years, big slowdown in manufacturing
- Bank of Japan (BOJ) Governor Kuroda: BOJ’s easing having intended effect and more here (recaps)
- Japan – August Machinery Orders +4.7% m/m (vs. expected +0.5%)
- Japan Buying Foreign Bonds + the rest of the data
- RBA Ellis: Need to closely eye market developments, lending standards
Where is that cut ‘n’ paste? Yet again currency volatility in the Europe and US time zones largely bypassed Asia today. EUR, yen, GBP, CHF – tight ranges, relatively subdued trading. Maybe some scalpers enjoyed it, though.
CAD edged marginally higher against the dollar. NZD/USD, too, moved higher. gaining 30+ points from already high levels from where I walked in.
AUD/USD followed a similar sort of pattern, but was interrupted by the employment random number generator data, which knocked 30 or so points off it before it bounced straight back and began to edge higher again. It got barely to new session highs before stabilising and has just jumped 15 or so points as I type
