Forex news for Asia trading Wednesday 16 December 2015
- China broker tips PBOC to widen yuan trading band in 2016
- Morgan Stanley like the risk/reward of being long USD into the FOMC meeting
- Bloomberg: "Congress reaches fiscal deal that ends U.S. crude oil export ban"
- China Xi Jinping says economy faces downward pressure
- The 4 song preview of the FOMC and what it all means
- Blackrock expects RBA to cut again in 2016, AUD risks weighted to downside
- Japan - Nikkei/Markit December flash manufacturing PMI: 52.5 (prior 52.6)
- NZ finmin English: NZ exporters prefer NZD in mid to low 60s
- PBOC sets yuan reference rate for today at 6.4626
- Merk say ultimate term target for USD/JPY is 'infinity', but not yet
- RBA governor Glenn Stevens' (5) reasons to be cheerful
- Latest survey says Australian economy to expand 0.6% in Q4
- Australian jobs data - Skilled vacancies for November: +1.2% (prior +0.6%)
- RBA's Debelle - no comments on the economy nor monetary policy from him
- Sydney tornado warning (really)
- Australian data - Westpac Leading index for November: -0.2% m/m (prior was +0.1%)
- UK labour market jobs report preview: Watch for wages going wonky
- A word of warning about Carney's earlier comments
- 5 things to watch from the FOMC meeting today
- Nikkei: "Lower inflation expectations cast shadow over BOJ's 2% target"
- NZ: Fonterra to sell Australian yoghurt dairy desserts business
- FT opines that now is not a good time for the Federal Reserve to hike rates
- New Zealand data - Q3 BOP Current account balance: -4.749 bn
- American Petroleum Institute (API) crude oil inventories rise 2.3 mln bbls
- NZ 'barometer' forecast says sideways for the NZD, ASB disagrees
Pre FOMC day in Asia saw relatively subdued trading, with very little in the way of market-moving news to, err, move markets.
USD/JPY popped a little higher in early Tokyo before running into offers ahead of 122.00, maintaining a small range after this.
EUR/USD ground out a small gain, while USD/CHF was slightly softer. Cable edged a few points higher. EUR/JPY up also.
AUD ticked a few points up, while the NZD is almost unchanged after a wiggle up and then down again to approach the overnight low.
It seems the US oil export ban will soon be lifted, though price didn't do a real lot. Gold managed a few dollars higher.
The People's Bank of China set the USD/CNY higher again today (yuan weaker).
Regional equities liked the better tone on Wall Street. Levels with Shanghai closed for the lunch break:
- Nikkei +2.53%
- Shanghai +0.71%
- HK +2.23%
- ASX +2.31%
Still to come: UK wages data and then FOMC ...
- UK labour market jobs report preview: Watch for wages going wonky
- Morgan Stanley like the risk/reward of being long USD into the FOMC meeting
- The 4 song preview of the FOMC and what it all means
- 5 things to watch from the FOMC meeting today
