Forex news for Asia trading Monday 18 September, 2017
- More from Barclays preview of the Federal Open Market Committee meeting this week
- Sth Korean press report North Korea close to final stage of ICBM development
- AUD, NZD the movers in Asia Monday morning
- Big day coming up: BoE's Carney speaking the highlight but also BoC & IMF speakers
- China data for August: All China new homes prices up 8.3% y/y
- PBOC sets USD/CNY central rate at 6.5419 (vs. yesterday at 6.5423)
- Option expiries for Monday 18 September 2017
- Singapore data - exports surge (again)
- Japanese government bond futures open for trade
- 4 reasons to be very wary of the CFTC currency positioning data
- China press: GDP growth may slow a little in Q4, projects 6.8% in 2017 as a whole
- UK data - Rightmove house prices in September -1.2% m/m (prior -0.9%)
- Barclays preview of the Federal Open Market Committee meeting this week
- New Zealand data - services PMI for August 57.3 (prior 56.0)
- Goldman Sachs preview of the Bank of Japan meeting this week
- W/E: BIS says don't ignore Bitcoin - it could pose a financial system stability threat
- Asian market holidays today (Japan closed)
- ECB's chief economist Praet says substantial monetary stimulus is still needed
- W/E: More from the BIS, puzzling over inflation
- W/E: BIS says global debt may be understated by $13 trillion
- W/e: Greece should not put off agreed bailout reforms says ECB official
- W/e - Boris Johnson seen as undercutting Prime Minister Theresa May on Brexit
- NHC says - Maria becomes a hurricane
- Trade ideas thread - Monday 18 September 2017
- Economic data due from Asia today
- US Sec State to meet with Russian foreign min at 0100GMT
- Japan press: "Abe set to call October election"
- Monday opening FX rates - foreign exchange prices, early indications
Weekend:
- Who leads the race to be the next Federal Reserve Chairman?
- US UN Ambassador Haley: UN has exhausted options on North Korea
- A big underlying assumption of quantitative easing is wrong
- Politics on the agenda: Eight events to watch Monday
- Politics as a young man's game: 31-year-old is favourite for Italy's Five-Star Movement
- Saudi Arabia is becoming even more of a police state
- New Zealand - big week coming up & an election that's too close to call
- Morgan Stanley on asymmetric
North Korea no news was bad news for the yen in the early going today, with the currency weakening from the get go. USD/JPY is around 40 points up from its late US level on Friday and has been stable around 111.20 the past few hours. Weekend Japanese press reported that PM Abe is close to calling a snap election for late October.
For the EUR the major specific weekend influence seems to have been remarks from European Central Bank chief economist Peter Praet:
EUR/USD is little changed from its late US levels of Friday. On the other nad, AUD and NZD have put on a stronger showing, but outperformers on the session against the big dollar.
USD/CHF and GBP/USD are also little changed.
Still to come: Big day coming up: BoE's Carney speaking the highlight but also BoC & IMF speakers
More:
- China Home Prices Rise in Fewer Cities as Property Market Cools.
- The U.K.'s Economic Outlook Is Getting Rosier
