Forex news for Asia trading ... With you the 4th of May be
Just a quick note of thanks to Yoda for today's sub-heading (and an FYI, dude, you're doing it wrong)
- Not FX: Queen's entire household called to an emergency meeting today
- RBA Governor Lowe: Over time expect rates to rise in Australia
- Heads up for AUD traders - Reserve Bank of Australia Governor speaking at 0310GMT
- AUD continues to drip lower
- China - April Caixin Services PMI 51.5 (prior 52.2) & Composite 51.2 (52.1)
- Australia - Trade balance (March): Surplus of AUD 3107mln (expected surplus AUD3250mln)
- PBOC sets USD/CNY mid-point today at 6.8957 (vs. yesterday at 6.8892)
- Australia - HIA New home sales data for March: -1.1% m/m (prior +0.2%)
- New Zealand data - ANZ commodity price, April: -0.2% m/m (prior +0.4%)
- Well, this is all fairly subdued - Asia so far
- US McCarthy says Republicans have enough votes on healthcare - vote Thursday
- US House said to be voting on healthcare on Thursday - sources
- A quick take on the Australian dollar from Westpac
- What now for the AUD? CBA like it.
- Poll for the winner of the French election debate: 63% say Macron more convincing
- Narratives for the Australian dollar drop (take your pick)
- New Zealand - ANZ job ads for April: +2.8% m/m (prior +2.0%, revised from 1.6%)
- UK election poll - latest from YouGov: Conservatives 48, Labour 29
- More on Canada's HCG: risk of disorderly fallout, could hurt credit markets, economy
- ICYMI - Japanese markets are closed today
- Economic data due from Asia today - MOAR China PMIs & RBA
- Trade ideas thread - Thursday 4 May 2017
- Blackrock warns not to ignore Home Capital 'woes' (I reckon they're right)
ICYMI:
- ForexLive Americas FX news wrap: Fed brushes off weak Q1, dollar climbs
- US major stock indices end the day mixed.
Tight ranges across much of FX today. It was a Japan holiday again today (and will be again tomorrow), which seemed to be the excuse for a lacklustre session indeed.
We had news hit that there will be a vote on healthcare in the US House of Representatives on Thursday. Yeah, we've heard that before, let's see if it plays out. The impact of the boy crying wolf again was minimal, USD/JPY ticked a few points to the better in following hours then drifted back to be little changed at all on the session.
EUR, CHF, GBP ... all are very little changed on the session.
AUD/USD slid a little further after its big overnight fall, trade data and China PMIs impacting, as did big falls in metals on Chinese commodity futures markets. A lunch time speech (Sydney time) from RBA Governor Lowe heralded a bit of a recovery for the AUD and like nearly everything else it is now little changed on the session (as I update).
NZD/USD has edged a few tics higher over the course its day. CAD, gold, oil; all have done little.
Regional equities:
- Shanghai -0.07%
- HK -0.53%
- ASX -0.55%
More:
This is not FX but will be of interest especially to UK readers:
- The Queen's most senior aides called her entire household to an emergency meeting today.
- Servants from royal residences across the country have been ordered to London and will be addressed this morning by the Lord Chamberlain, the most senior officer of the Royal Household, as well as Her Majesty's right-hand man, Private Secretary Sir Christopher Geidt.
Its unusual, being called at such short notice. Let's hope it isn't bad news.
