Forex news for Asia trading Friday 18 August 2017
- Are big banks concealing their own proprietary trading?
- Bank of England monetary policy - Mark Carney is going off script
- What to expect for the Canada CPI & US consumer sentiment
- All China July new home prices +9.7% y/y
- PBOC sets USD/CNY reference rate for today at 6.6744 (vs. yesterday at 6.6709)
- BOJ JGB buying, same amounts as previous operation
- Gold - outlook and price target (via ANZ)
- US data - Conference Board’s leading economic index rose 0.3% last month
- Yen up, risk down - Spanish police warn of possible terrorist incident
- More from Spain - Catalan police warn of possible terrorist attack
- Barclays on the European Central Bank minutes
- "ECB officials expressed concern over risk of euro overshoot" (minutes recap)
- AUD/USD technical analysis - s/t downside risk then higher
- Several encouraging signs for the mining outlook in Australia
- More on Trump abandons plan for Council on Infrastructure
- BOJ will be buying JGBs today - but less?
- Art Cashin on the real reason stocks fell - what if the competent people resign?
- Trade ideas thread - (TGI) Friday 18 August 2017
- Fed Chair Yellen to speak at Jackson Hole ... on financial stability
- EUR/USD dips to be limited to 1.1475 'at the extreme' - NAB
- Economic data due from Asia today (this is a very short post)
Yen strength and 'risk off' continued a little further in the Asian morning as reports came through of another attack in Spain, though one which thankfully was not as severe as the Barcelona attack.
Otherwise news and data flow was very quiet indeed.
USD/JPY dropped down to under 109.40 and since then has stabilised but is showing little sign of there being much impetus behind the bounce. EUR/JPY approached 128.00 and is up around 128.40 now as I update, EUR/USD meanwhile has gained from its lows (circa 1.1710) to around 1.1735.
Cable has ticked up from low circa 1.2860 to just under 1.2890 while AUD and NZD against the USD have both managed a small move higher also. USD/CAD is back around 1.2660/65.
With such a light news and data flow forex ranges have been small only.
We have Candian CPI and US consumer sentiment to look forward to in the US time today, which might provide some energy for moves ahead of the weekend.
Regional equities:
- Nikkei -0.94%
- Shanghai -0.20%
- HK -0.76%
- ASX -0.72%
