Forex news for Asia trading Wednesday 21 October 2015 October 2015
- Japan PM Abe comments on deflation, arrows, China, Sth Korea
- Chinese bond market starting to show same signs that preceded the collapse in equities?
- More on Japan trade balance: BOJ more likely to lower forecasts than ease further
- How China supports the yuan while burning FX reserves more slowly
- New Zealand Credit Card Spending (Sept): -1.9% m/m (prior was +1.1%)
- JPMorgan Global FX Volatility Index poised for its biggest monthly decline since February
- 25% of Britons trade FX most of the night!
- Gold - Taiwan eases rules on gold for investment trusts
- People's Bank of China (PBOC) sets yuan reference rate at 6.3473
- Australian Skilled Vacancies job report for September: +1.8% m/m (prior +1.5%)
- Japan trade balance for September: Y -114.5bn (expected Y 87.0bn)
- More from Australian Treas Sec: Can't look to AUD rate as long-term savior of economy
- Australia - Westpac Leading Index for September: +0.1% m/m (prior -0.3%)
- Australia - Conference Board leading index (August): -0.4% m/m (prior +0.3%)
- China's Economic Info Daily: Overall RRR cut is necessary for China
- Australian Treas Sec Fraser: Low cost of servicing government debt won't be sustained
- USGS reports M7.2 earthquake near Vanuatu
- New Zealand migration +5550 permanent and long term visitors in September
- Australian regulator hikes cost of retail Forex licence by a factor of 5
- American Petroleum Institute (API) crude oil inventories build 7.1 mln barrels
- Trade ideas thread for Back to the Future Day! 21 October 2015
- Preview - Goldman Sachs on the ECB - Asks "what if" there is a surprise easing?
Little interest in FX markets during the Asian timezone today. Maybe it was Hong Kong on a holiday, or maybe it was Back to the Future Day ... but whatever it was the result was a bit of a snoozer.
Minor moves only, with yen crosses the stand out... but not by too much.
USD/JPY (and yen crosses) generally higher as the September trade balance coming in at a surprise deficit saw unsurprising calls from more BOJ easing. The moves were not large, not even sustained too much, with small ranges across the FX board playing out.
Oil traded lower in the late NY afternoon in the wake of a much larger than expected inventory build reported by the American Petroleum Institute. There was little follow-through though and the oil price has barely moved in the past 7 hours since.
Gold is a tiny amount higher.
Regional equities at the break for Shanghai lunch:
- Shanghai +0.39%
- Nikkei +0.96%
- HK on holiday today
- ASX -0.47%
Still to come:
- Bank of Canada preview - where to for USD/CAD?
