Forex news for Asia trading Monday 16 February 2015
Monday
Japan Q4 GDP data
- More from Japan economy minister Amari
- Japan Q4 preliminary GDP - highlights
- Japan economy minister Amari comments on Q4 GDP
- Japan Q4 GDP (preliminary) data
- BOJ to boost stimulus later this year? Consensus is shifting.
- Japan December industrial production: % m/m ( +1.0% expected)
- China NDRC director - need to guarantee 6.5% annual economic growth
- JP Morgan says China will not allow yuan devaluation
- China January FDI +29% y/y
- Comments from ECB's Praet
- Australia new vehicle sales for January -1.5% m/m (prior 2.6%)
- UK Rightmove house price index for February +2.1% m/m
- US auto plants to slow production due to ports dispute
- China January money growth falls to record low
- New Zealand retail sales +1.7% q/q (prior was +1.5%)
- Anti-euro party looks set to win seats in German state election
- Greek PM Tsipras says expect difficult negotiations, full of confidence
- French lower house of parliament passes labour reform law
- ECB's Draghi says it makes no sense to speculate on Greece exit from euro
- Singapore PM Lee has prostate cancer, to take medical leave
Weekend
- Credit Agricole says to keep on buying USD dips
- BOE's Broadbent: MPC still believes that the next move in UK interest rates will be up
- An uneasy peace in Ukraine as ceasefire officially begins
- China's SAFE says yuan capital flows to remain volatile in 2015
- FX industry body says voice brokers may have dealt better with Swiss franc turmoil
- China aims to boost service exports to $1tln
- Ukraine Seeks to Complete Bondholder Talks by IMF Review in June
- Chances of the Ukraine ceasefire looking far from good
- Varoufakis says Greece won't "backtrack" out of the Eurozone
The USD weakened pretty much across the board today, although the moves were not large.
Japanese preliminary Q4 GDP data was the big focal point today, it showed Japan exiting recession but not as strongly as expected. With a Bank of Japan meeting this week chatter of further stimulus from them started again, but action at this meeting does seem unlikely. Despite the weaker than expected GDP there is a growing view that we may not see any further action from the bank at all this year (see bullet, above, here).
With the Eurogroup meeting on Greece coming up later today, news flow was relatively light elsewhere.
Note also - US markets are closed Monday for a holiday.
