Forex trading headlines for Asia Thursday 17 July 2014
- US expands sanctions against Russia and more here
- Euro – Goldman Sachs ‘Major FX views’
- New Zealand – ANZ job advertisements for June: +5.7% (prior was -4.8%)
- Euro – Goldman Sachs ‘Major FX views’
- Federal Reserve Evans says the labor market improved faster than expected
- Reuters Tankan: Manufacturers’ July sentiment index +19, unchanged from June
- Japan Buying Foreign Bonds, Y 671.5B – plus the rest of this data
- Australia – Conference Board Leading Index for May: +0.2% m/m (prior was -0.1%)
- China’s State Council pledges to further promote targeted economic stimulus measures
- BoA/Merril Lynch: Current pace of jobs creation mirrors what forced the Fed’s hand in the 1994 rate hike cycle
- New Zealand – ANZ consumer confidence index for July: +0.6% m/m to 132.7
- Australia has become the first country in the world to abolish a price on carbon
- National Australia Bank business confidence for Q2: 6 (prior was 7)
- Reserve Bank of Australia (RBA) Forex transactions for June
- More from Goldman Sachs – details of forecast for GBP
Kiwi and AUD showed some signs of action today, both falling on sellers gaining the upper hand (i.e there was no news to act as a catalyst for the moves – there were minor releases, see the bullets above). NZD/USD fell to the lows it saw in Europe in the overnight and is lying on the canvas screaming ‘Uncle’ as I type … almost zero bounce to it. Looks heavy.
The AUD didn’t fall nearly as much, but lost a little ground and its near its lows also.
USD/CAD drifted a little lower too.
EUR, GBP, CHF … not where the action was.
USD/JPY and EUR/JPY both fell away during the session, again on no new news of note (but the marekt is paying a little more attention to the Japan Buying Foreign Bonds data).
Gold had a decent bounce on the session, up around $6 from earlier lows I saw and near its highs as I type – (very short-term) resistance is close. Oil tracked pretty much sideways, but up a few cents from the lows I saw first thing.
