Forex news for Asia trading Friday 5 June 2015
Post-US news flow on greece:
- EUR/USD - A Greek official says the conference call was constructive
- EUR/USD - Greek Tsipras, Germany's Merkel & France's Hollande - conference call ends
- New meeting of Merkel , Hollande , Juncker, Draghi, Lagarde on Monday in Berlin
- EUR/USD: Greek PM Tsipras to brief Parliament on negotiations
- Greek official says the creditors' plan cannot be accepted
- Buba's Dombret: If it comes to Grexit, it would be manageable
- BOJ Governor Kuroda channels Peter Pan ... (no, I'm not joking) 'Ya just gotta believe'
- Australia AiG Construction PMI for May: 47.8 (prior was 47.0)
The news flow from late meetings in Europe kept on in the early Asian morning today, which saw EUR/USD trip stops below overnight lows and take us below 1.1200 (to 1.1180) before a bounce and stability then around 1.1210. The CHF followed a similar pattern, with USD/CHF ticking above overnight highs. Cable was the quietest of this bunch, not a lot deviation from around 1.5355.
AUD/USD and NZD/USD ground out small gains overall in a lacklustre range.
Meanwhile the Shanghai Composite climbed 2% to above the nice big round number of 5,000 first time since early 2008. Japan's Nikkei was a little lower, while Australia's ASX was pretty much flat after a soft week.
Gold and oil tracked more or less sideways.
- Still to come:
- NFP preview from Goldman Sachs, Barclays, Deutsche Bank, RBS
- Coming up on the weekend (special heads up for EUR & AUD traders)
