Forex news for Asia trading Tuesday 21 September 2015
China
- Nomura on the yuan: stable while Xi is in US, risk for weakness after
- Conference Board Leading Economic Index for China +1% in August(prior +0.9%)
- BoA / Merril Lynch updated EUR/USD forecasts, "dovish Fed caught markets off-guard"
- (Groundhog day headline) China CASS forecasts 6.9% GDP growth for 2015
- People's Bank of China (PBOC) sets yuan reference rate at 6.3721
- Reports China's CBRC met foreign banks over bad loans
Australia/New Zealand
- Australian House Price Index for Q2: +4.7% q/q (expected +2.3%)
- Australia ANZ Consumer Confidence 114.5, up 8.7% w/w (prior 105.3)
- Australian press: 'Australia is toast' foreign investors tell NAB
- Economists say "super energy" of the Sydney housing market has passed
- Plenty of criticisms of Yellen, is it fair and justified?
- Technical analysis set up for EUR/USD (and others)
- Scott Walker announces he abandons Republican Presidential race
- Gundlach: Financial conditions have already tightened
- Trade ideas thread for Tuesday 22 September 2015
It was a Japanese holiday again today (like it was on Monday, and will be again tomorrow). Japanese holidays don't necessarily mean a quiet sort of session in Asia FX ... but it did today.
We did see some minor moves, but nothing too dramatic.
USD/JPY dribbled 20 or so point lower from 120.60-odd and is just above 120.40 as I update. Japanese exporters are said to be on the USD/JPY offer despite the holiday. Japanese exporters are a natural seller of USD/JPY but their presence was particularly remarked upon today in an otherwise holiday-thinned session.
EUR/USD gained a few pips on overnight lows. Cable managed to eke out a few point gain also but has since given some back to be mid-range as I update. Really very little in either of these though.
AUD and NZD both ticked a little higher early but are also mid-range or so as I write. Australian weekly consumer confidence showed a huge bounce last week. You'll recall it was the week we got a new PM, consumers liking it ... so far at least.
Oil a little weak on the session (by a few cents), gold is more or less flat.
Equities:
- Shanghai +0.65%
- ASX +0.54%
- HK + 0.72%
Still to come:
- NZD traders - heads up for a secret RBNZ speech coming up
