Forex news for Asia trading Thursday 8 January 2015
Data and news:
- Oil drop may boost global GDP 0.5% – World Bank
- Fmr Fed member Poole: “The Fed is making a huge mistake”
- Fed’s Evans: “I don’t think inflation pressures are evident, at all”
- Australian Nov building approvals +7.5% vs -3.0% exp
- Japan inflation forecasts slide in latest survey
- Fed’s Evans: Wage growth at 3.5-4% would be consistent with goals
- Youngest of 3 Paris suspects surrenders
- PBOC’s Xi: China to keep mid-to-high speed growth
- Greek election getting tighter … Syriza’s lead narrows
- Australian expectations for inflation have slumped to a five-year low
Views:
- Credit Suisse likes the other side of the USD/JPY trade
- Crude rebounds to $49.50. Is this some kind of bottom?
- The discussion is no longer whether the ECB will do QE, it’s how
- MNI article says if inflation is low the RBA could put a positive spin on a rate cut
- Commodity hedge fund manager Hall: Oil in $40-a-barrel range close to “an absolute price floor”
Adam took care of most of the Asian timezone shift today but has since headed off for a sleep. I was AWOE (absent without electricity) for most of the day so I missed nearly all the session. As such … I don’t have much in the way of commentary today, just a summary of the headlines, above.
