Forex trading news for Asia Wednesday 15 October 2014


Early Asia today saw a broad, but shallow USD rise, with most currencies losing ground (Canadian dollar most particularly). The strength sort of fizzled out as the session progressed, though, and 50%+ retacements mainly followed. We end the day little changed from where things were when I started this morning, but the USD overall a touch stronger still.

News of possible GPIF reorganisation seemed to play a role in sending USD/JPY to a high near 107.30 but this move, too, was retraced by a reasonable amount.

Gold lost ground during the session, oil is little changed.