Forex news for Asia trading Friday 6 November 2015
- BOJ's Kuroda: Japan's economic fundamentals remain solid
- Bloomberg survey of 28 economists, 2 see an RBA cut in December
- Japan PM Abe: Excessive yen strength has been corrected
- Infograph: Preview for the October US employment report
- Have you got your NFP entry in? Here is Goldman Sachs' tip for the number
- China October retail auto sales +11.1% y/y
- RBA's Statement on Monetary Policy - analyst response
- Central banker speeches coming up on Friday and over the weekend
- China industry minister: Industrial sector facing downward pressure
- China PM Li repeats China needs at least 6.5% growth over next 5 years
- Fed's Bullard: Fed faces challenge in explaining likely US jobs growth slowdown
- People’s Bank of China (PBOC) sets yuan reference rate at 6.3459
- RBA's Edey: Housing market risks more prudently managed than a year ago
- RBA statement: Australian dollar is adjusting to lower commodity prices
- BTMU sees 5 big figures range for EUR/USD trading in the week ahead
- Advice for the Fed from Gundlach, shouldn't hike in December
- NFP preview from Westpac
- SocGen on Brexit uncertainty ... delaying BoE rate increases
- Australian construction PMI for October: 52.1 (prior 51.9)
- Blackrock's Rieder says the Fed should hike rates 100bps over 6-12 months then stop
- Trade ideas thread for Friday 6 November 2015
- Japan press - PM Abe pushing business for more wage hikes, capex
- Australian treasury set to downgrade economic growth forecast
The pre-NFP Asian day certainly lived up to expectations today with tomb-like activity pretty across the FX board/bored or however you choose to spell it.
AUD saw some activity, with the quarterly monetary policy statement from the RBA released, along with a speech from an assistant governor (Edey). AUD/USD had a small short squeeze ahead of the Statement release but soon found its way back into the earlier range and has not much ventured out of a 10 point or so range since. NZD hasn't done much better, having a 20 or so point range.
USD/JPY is a fraction lower on the session, USD/CHF is barely changed, GBP ... ditto, while EUR/USD has had around a 20 pip range also.
Central bank speak from Kuroda and Bullard today also ... to little effect.
Gold gained a few dollars from an earlier low while oil ran along the bottom end of its overnight range.
Regional equities with Shanghai closed for the lunch break:
- Shanghai +0.52%
- Nikkei +0.52%
- HK -0.82%
- ASX +0.26%
Still to come: The Nonfarm payroll report is a key focus ...
- Infograph: Preview for the October US employment report
- Have you got your NFP entry in? Here is Goldman Sachs' tip for the number
- NFP preview from Westpac
And,
- Central banker speeches coming up on Friday and over the weekend