Forex news for Asia trading Tuesday 16 May 2017
- "RBA steady course", "AUD outlook darkens"
- Goldman Sachs on G10 housing markets - New Zealand the most at risk
- ICYMI: Australian new vehicle sales for April +0.3% m/m (prior +1.9%)
- More on the DJ story: "Ford Aims to Cut Global Workforce by Roughly 10%"
- RBA May meeting minutes: Labour, housing markets warrant "careful monitoring"
- Dow Jones reports Ford to cut around 10% of global workforce
- People’s Bank of China sets yuan reference rate at 6.8790 (vs. yesterday at 6.8852)
- EUR/JPY tracks to new high (USD/JPY not quite) - Trump leak shrugged off
- Brexit bovver boy Fox says UK commitment to free & open trade continues
- Russian President Putin says political uncertainties in US & EU weighing on global economy
- Australia - ANZ Roy Morgan Weekly Consumer Confidence Index: 109.4 (prior 112.3)
- Fitch On China: Expects economy to remain stable this year
- Here is another ... Quick preview of the RBA minutes due today
- Quick preview of the RBA minutes due today
- Heads up for NZD traders - its Global Dairy Trade auction day!
- The "Trump revealed highly classified information" story is snowballing
- China economy: PMIs down, credit up, IP & retail sales down. Want answers?
- Latest US Treasury report: China increase holdings of USTs (hello, capital outflow)
- Pressure in the pipeline for higher Japan inflation?
- Trade ideas thread - Tuesday 16 May 2017
- ForexLive Americas FX news wrap: Oil gains halved
- Forex technical analysis: GBPUSD stays in the black after up and down day
Politics was the early story, with the Washington Post reporting on the leaking of classified information by you-know-who. Much argument ensued (natch).
The yen gained on the news but then gave it nearly all back, before gaining again:
Apart from this, news and data flow was light. Australian consumer sentiment dropped again, and later we got RBA Minutes, which provided little to surprise. Soon enough, though, the Australian dollar slipped back towards its overnight low and is trundling along near there as I update.
NZD was a touch stronger, not giving away all its gains for a net loss on AUD/NZD for the session.
EUR and CHF have edged (very) small stronger against USD, as has GBP. USD/CAD is little net changed. The People's Bank of China set the mid rate for the CNY against the dollar at a stronger rate for the 4th successive session.
The weaker USD was reflected in the price of gold, higher on the session. Oil gained a few cents from its US low point.
DJ broke news on Ford, to cut its global workforce by about 10%.
- Nikkei +0.03%% ... the index hit a 17-month high today, but then dropped quite sharply as the yen rallied
- Shanghai -0.51%
- HK -0.27%
- ASX +0.09%
Still to come:
- 0430GMT from Japan - Tertiary Industry index for March
- 0455GMT - Bank of Japan Governor Kuroda speaks
- And, much later ... Heads up for NZD traders - its Global Dairy Trade auction day!