Forex news for Asia trading Monday 30 January 2017

Terrible news from Canada:

  • Quebec City police calling the killings at mosque a terrorist attack
  • Reports of attack at a mosque in Quebec, Canada. 3 gunmen - multiple injuries

Other:

  • Trade ideas thread - Monday 30 January 2017
  • Economic calendar for data due from the US Monday
  • USD, EUR, JPY, GBP, CHF, CAD, NZD: Weekly Outlook - Morgan Stanley
  • Oil - ANZ on OPEC reductions & US shale; and record highs for longs
  • BNP say recent USD weakness unwarranted, but warn risk is Trump's unpredictability
  • Weekend news: Euro zone bailout fund/ Greece, Italy bank bailout, China bond forgery
  • China (holidays?) - Some companies may have upped production over holidays to meet demand
  • Tokyo 9am FX update (OK, just after 9am)
  • Japan - Retail trade data for December misses estimates
  • Gold higher as Asia opens the week
  • Reminder - Chinese Lunar New Year holiday, some markets in Asia closed
  • BOJ meeting today and tomorrow - Bank poised to upgrade its outlook
  • Australia to lift credit limit "as Australia's debt hurtles towards $500 billion"
  • New Zealand December Trade balance: -41m (expected -98m, prior -705m)
  • How to cope with an incompetent boss (Hi @mike_pence)
  • BOJ adviser says Bank is not considering asset-purchase taper
  • Monday morning forex early price indications - 30 January 2017

Weekend:

  • Ahead of meeting, the Bank of Japan is nervous about Trump - WSJ
  • ECB's Knot says US policy will have impact on global economy
  • US judge issues a temporary halt to deportation following Trump's executive order
  • OIL - OPEC January oil output shows high compliance with supply cut deal: Petro-Logistics
  • Brexit - Britain, Turkey sign defense deal to develop Turkish fighter jet
  • ECB's Visco warns Trump's trade approach could harm world growth
  • Plenty of weekend politics - Hollande, Merkel, Trump, May
  • Plan the trade: A technical look at the EURUSD for the trading week ahead

Yen, GBP, EUR, CHF all higher against the USD here in a holiday-impacted Asian session. AUD and NZD are up against the big dollar too, but only very small indeed and they are the major (relative) losers here today.

Chinese Lunar New Year holidays in Singapore & Hong Kong (and China) kept trading on the subdued side (HK is out again on Tuesday while Singapore returns). Nevertheless the USD saw losses against most of the majors. Cited as a reason was the travel-bans executive order from president Trump and the subsequent response. It wasn't only the USD that slipped a little, US equity futures (trading in the 'overnight' market) also found the going heavy. Regional stockmarkets here in Asia copped a bit of selling alongside 9those that were open).

Regional equities:

  • Nikkei -0.56%
  • Shanghai ... closed
  • HK ... closed
  • ASX -0.81%

Still to come - Tune in tomorrow for the Bank of Japan announcement:

  • BOJ meeting today and tomorrow - Bank poised to upgrade its outlook
  • Ahead of meeting, the Bank of Japan is nervous about Trump - WSJ

More: