Forex news for Asia trading Tuesday 3 October 2017
- RBA announce no change to cash rate, as expected
- Buba's Dombret says banks need to plan for a hard Brexit
- RBA due at the bottom of the hour: a catch-up on what to expect
- Not FX ... time for some county music
- Goldman Sachs says to sell USD/JPY on Hope
- Goldman Sachs likes the USD, are sellers of EUR/USD. (And, thoughts on GBP & Brexit)
- AUD: Trading The RBA - Views From 10 Major Banks
- Goldman Sachs is exploring how it could help clients trade bitcoin (& others)
- A look at forex valuations from JP Morgan's Q4 'Guide to the Markets'
- New Zealand Treasury Monthly Economic Indicators (September 2017)
- Forex option expiries Tuesday 3 October 2017
- USD on the move, broadly higher
- Australia - Building Approvals (August) +0.4% m/m (expected 1.0% m/m)
- Australia data - HIA new house sales (August) +9.1% m/m
- BOJ Q3 Tankan (yes, more out now) - still low inflation expectations
- NZD traders - heads up for the dairy auction due today (Tuesday, London time)
- Yellen headlines crossing - not on economy nor monetary policy
- Australia - ANZ-Roy Morgan weekly consumer confidence: 113.4 (prior 114.1)
- Activist group says the European Central Bank has been captured!
- Another 2 quick previews of the Reserve Bank of Australia announcement due today
- New Zealand business confidence (Q3) drops hard
- Australia - building approvals data is released ahead of the RBA decision, preview
- Trade ideas thread - Tuesday 3 October 2017
- Another record day.
- Citi not the only ones disliking the AUD, MS wants to be short too. (Entry, target, stop.)
- Reserve Bank of Australia announcement/statement today - preview
Ahead of the focus for the session here it was a story of USD strength. This is Asia, so the moves were not large, but we did see the USD higher pretty much across the board.
News and significant data flow was light indeed; the second part of the BOJ Q3 Tankan (corporate price expectations), Australian building approvals and jobs ads, New Zealand Treasury report.
Nonetheless, the USD managed to add a few points on the session, USD/JPY above 113 and EUR/USD down towards 1.1700.
CHF, CAD, AUD and NZD all slipped a little too (against USD) ... cable a few ticks lower also.
And so to the Reserve Bank of Australia - they announced as 'on hold', as was unanimously expected, with a neutral to dovish accompanying statement from the Governor. The Australian dollar slid a few more points to under 0.7800 and down 30+ points on the session. NZD fell away with it to a fresh session low also.
