Forex news for Asia trading Thursday 24 August 2017
- EUR, CAD: Stretched And Vulnerable To Correction; What's The Trade? - TD
- Moody's: Australian covered bond credit quality robust despite housing market risks
- ANZ on Australia & the factors doing little to help lift consumer attitudes
- China says will use all necessary means to defend against US probe
- How 'bout this for an early wrap? "The dollar inched higher on Thursday"
- Brexit papers - UK plans ‘unprecedented alignment’ with EU over data sharing
- All the previews of Draghi and Yellen speeches at Jackson Hole - all in one place
- PBOC sets USD/CNY central rate at 6.6525 (vs. yesterday at 6.6633)
- Japanese inflation data due Friday - sneak preview
- Option expiry info for Thursday 24 August 2017
- USD a little higher as Asia comes fully on line
- Data due from the UK today - the second estimate of Q2 GDP (previews)
- The full agenda for Jackson Hole 2017 will be available at 0000GMT (25 August 2017 )
- Jackson Hole - preview of what is expected from Draghi
- Here are another two previews of Jackson Hole speeches from Draghi and Yellen
- NZ July trade balance: Surplus of NZ 85m (expected deficit of 200m)
- Jackson Hole preview: Nothing new from Draghi, Yellen to repeat recent views
- This is not a preview of Draghi at Jackson Hole, but it might be!
- White House statement says Trump and McConnell united on these issues
- UBS are looking for a 'strong catalyst' needed for gold to break $1300 resistance
- It may have gone unnoticed but return of Japan outward investment notable
- ICYMI - "Fitch: US 'AAA' rating at risk if debt ceiling not raised"
- Trade ideas thread - Thursday 24 August 2017
- Jackson Hole - here is what Barclays expect
USD/JPY a mover in Asia today; after early session lows under 108.90 it popped 30 odd points to above 109.20. News and data flow was very, very light indeed, I'm nominating this as a potential USD positive, maybe, maybe not but its all I can come up with: White House statement says Trump and McConnell united on these issues
The point being that any signs of accord in the US administration are being read as constructive. Desperate for good news, aren't we? :-D
As I said, news and flow was light. Early on we got the July trade balance from New Zealand, a surprise (compared with market consensus expectations) trade surplus for the month. NZD/USD gained a few points but it didn't last; it dipped and is now little net changed on the session.
EUR/USD had little to drive it, it has lost a few points (net) on the sssion within a very small range. The CHF, too, is very slightly weaker against the USD, as is GBP. The ranges for both have been small.
AUD/USD has traded a similar pattern to kiwi (close, but not exactly the same, it's a little softer than the NZD), up a little and then back to session lows. USD/CAD is little changed.
Gold has slipped a little.
Regional equities:
- Nikkei -0.13%
- Shanghai -0.04%
- HK +0.58%
- ASX +0.27%
Still to come:
