Forex news for Asia trading Friday 14 July 2017
- Gold - building a base for higher? Forecasts.
- Westpac (chief economist Evans) still like AUD lower
- China January - June fiscal revenue +9.8% y/y while expenditure +15.8% y/y
- The Federal Reserve - the world's worst poker players
- PBOC sets USD/CNY central rate at 6.7774 (vs. yesterday at 6.7802)
- More on AUD/JPY (bigger pic view)
- Fitch ratings affirms China at 'A+' and says stable outlook
- Singapore Q2 GDP +0.4% q/q & +2.5% y/y (both missed)
- AUD/USD on the move to a fresh high ... but check out AUD/JPY
- NZD/USD: The Rally May Come To An End?: Levels & Targets - Credit Suisse
- US data due Friday - CPI, IP, Retail Sales - previews
- (Much) More from Mexico central bank head Carstens
- Financial Times: The importance of central banks for equity prices
- New Zealand - Manufacturing PMI for June: 56.2 (prior 58.5)
- Central banks are looking through subdued inflation ... except for this one
- What now for the BoC? Survey says October hike
- More on Banco de Mexico Governor Agustin Carstens - too early to talk rate cuts
- SG EUR/USD chart: A definite close above 1.1460 is essential for next leg of uptrend
- Trade ideas thread - Friday 14 July 2017
- Economic data due from Asia today (this post didn't take long to write)
- Mexico central bank head - too early to talk about rate cuts next year
The ICYMI section:
- ForexLive Americas FX news wrap: Yellen leaves 'em wanting more
- US stocks closing higher. Dow at another record high. Nasdaq biggest gainer.
The yen was a mover in Asia today, weakening a touch on the session. USD/JPY ticked its way above 113.50 and has since come back a little to around 113.40. It was not much of a range. Yen crosses are net a little higher also.
EUR, CHF, CAD, NZD and GBP are all little changed against the big dollar.
AUD/USD added a few points in the morning, but drifted back a few points since; iron ore was a touch heavy in early China trade which didn't help. Still, a small range so you don't want to read too much into these minor wiggles.
Gold is down a dollar or so, oil ... is this thing on? Not much in it.
All in all a lacklustre session here in Asia characterised by little news and data flow and little movement overall (apart from yen crosses). We've still got plenty to come before the week wraps up, though - it's a heavey data calendar in the US Friday:
Regional equities:
- Nikkei +0.20%
- Shanghai -0.18%
- HK +0.01%
- ASX +0.62%
