Forex news for Asia trading Tuesday 21 November 2017
Is it Thanksgiving yet?
- Japan data - All Industry Activity Index (September) -0.5% m/m (expected -0.4%)
- UK data due today - October public finances - preview
- Australia data due tomorrow (preview): Q3 Construction work done
- Federal Reserve - Janet Yellen speaking Tuesday NY time
- Barclays' 4 possible political options in Germany
- Nearby notable FX options for expiry Tuesday 21 November 2017
- RBA November meeting minutes - another response
- RBA November meeting minutes response: no surprises but mood is more subdued
- New Zealand Credit Card Spending (Oct): 0.8% m/m (prior +0.7%)
- Japan finance minister Aso: BOJ's JGB buys are not aimed at debt monetisation
- More on Morgan Stanley looking calling AUD/USD to 0.65
- PBOC sets USD/CNY reference rate for today at 6.6356 (vs. yesterday at 6.6271)
- RBA November meeting minutes - response
- More still to come from the RBA - Governor Lowe to speak
- RBA Nov. minutes: Any further rise in $A would slow economy
- HSBC on oil - forecasts, rationale ... and where the risks are
- Chinese banks raised first home loan rates to 20% above benchmark
- (overnight) ECB's Villeroy - on what would run the risk of facing a (new) recession
- Australian dollar - Morgan Stanley long term view is 0.65 for AUD/USD
- Australia - banking regulator warns household debt too high, debt binge dangerous
- AUD: Focus on RBA Minutes & Lowe's Speech
- NZD traders - heads up for the dairy auction during London time today
- RBA November meeting minutes due today .... less interest than usual
- Australia weekly consumer sentiment: 116.4 (prior 114.8)
- (Moar CAD!) S&P affirmed AAA rating
- Trade ideas thread - Tuesday 21 November 2017
- Here is how the German coalition talks collapsed
- (CAD) - Alberta Premier Notley says Keystone XL will reduce costs for Canadian energy
- (overnight) Tax cuts flagged for Australia in 2018
- Economic data due from Asia today - RBA meeting minutes
- US stocks end a quiet session with gains.
- ForexLive Americas FX news wrap: Yellen won't stay on as a Fed governor
We got a bit of bonus activity on Monday but the forex gods made us pay for it today. It was a bit of a snoozer.
USD/JPY maintained a very small area near the upper end of of its overnight range. There was little in the way of Japanese news nor data to move it (data rarely does immediately). EUR/USD was similar, except down the lower end of its overnight range circa 1.1730 - 40 or so for much of the session. Again, little news nor data wise. USD/CHF also tightly range bound.
Cable is up a few points on the session while CAD has ticked a few points to the better against the USD, oil prices a touch firmer in the Asian session helping it along a little.
AUD and NZD were a touch softer on the session. AUD was weighed on a little (like it needs any help in that direction right now) by November RBA meeting minutes that I, and others, read as skewing dovish.
Not of immediate relevance, and something I didn't note yesterday on the German politics gyrations ... in 2019 ECB President Draghi will complete his term. Whoever is German Chancellor at the time will have influence on who to choose as his replacement. Something to file away for (much) later.
Much still to come:
