Forex news for Asia trading Thursday 4 December 2014
- Bank of Canada governor Poloz: Says level of GDP is higher than we thought it would be
- New Zealand data – QV house prices for November +5.1% y/y (+5.9% prior)
- Australian government backs down on tax hike
- Japan Buying Foreign Bonds, Y 3.4B (plus, the rest of this data)
- Japan election – 4 polls show Abe set for landslide victory
- Australia Trade balance for October: – 1.323bn (vs. expected is -1.8bn)
- Australia Retail Sales for October: +0.4% m/m (expected +0.1%)
- Fed’s Fisher: Says slowly letting fed assets roll off would do no harm and more from Fisher here and again here
- BOJ’s Sato: Economy is expected to continue moderate recovery trend and more here
Still to come:
Not too much excitement reflected in the price movements today …. but there is plenty going on as the ECB and BoE are coming up … and USD/JPY gathers the strength to kick down the door at 120.
But … not yet …
USD/JPY eked its way higher, taking little nibbles out of the sellers ahead of 120, but not quite managing to get there.
EUR and GBP drifted a little lower net on the session after making earlier highs.
AUD was a lot more active, the better than expected Retail Sales data seeing it shoot to just shy of 0.8430 before the sellers capped it again. It made new session lows just under 0.8380 but then headed sideways just above there (as of writing).
Oil found a gentle bid, edging a little higher, but there wasn’t too much in it. Gold off tiny.
