Forex news for Asia trading Monday 15 June 2015

Monday

  • Greek finance minister tells German paper he rules out 'Grexit'
  • Reuters poll - Majority expect BOJ to expand stimulus in October
  • Goldman Sachs FOMC preview ... September the baseline for monetary tightening
  • AUD/USD and AUD crosses - outlooks for the week and month from ANZ
  • German Vice-Chancellor "Greece's game theorists are gambling the future of their country"
  • Latest from NZIER - forecasters have trimmed growth expectations slightly
  • Westpac have lowered their forecasts for the NZD/USD ... 0.65 by year-end (0.71 prior)
  • UK data - Rightmove house prices for June +3.0% m/m (prior -0.1%)
  • New Zealand - Services PMI for May: 58.0 (prior was 56.5)
  • Japan press: Japan's domestic demand-reliant companies boosting capex
  • UK press - Major funds draw up plans to leave London if Britain quits EU
  • Update to the early prices - moves happening already!
  • More on weekend Greece talks - "collapsed after just 45 minutes"
  • Standard & Poor's cuts its outlook for the UK economy
  • Greece, EU - Weekend talks - 'significant gaps' remain

Weekend:

  • EUR/USD Elliot Wave technical analysis chart
  • What to expect from the FOMC meeting this week - view from 8 banks
  • EUR/CHF - Swiss National Bank bank meet this week - what to expect
  • First things first....Attacking Currency Trends books signed and mailed to the ACT class
  • Weekend reading: Junk, and more junk
  • Weekend talks are Juncker's last attempt at compromise - EU official
  • Tsipras told colleagues government won't hold snap elections or referendum
  • Four reasons the FX market has been so volatile this year - Deutsche Bank
  • Trader Meet Up to host an online event for forex investors
  • Where is the DOW headed?
  • ECB chief economist: "ECB wants Greece to remain a member of the euro"
  • Fin min Varoufakis says that Europe does not want Grexit
  • Greek PM Tsipras rules out snap elections or referendum

The EUR was marked down in the very early going on Monday in response to the collapse of the talks over Greece on the weekend. Still more talks to come, though.

Follow through wasn't huge, EUR/USD tracked sideways around 1.1220 for much of the Tokyo morning before dipping briefly under 1.1200. Comments from Greek finance minister Varoufakis just after midday Tokyo time saw it back towards 1.1220.

GBP, too, had a weaker opening to the week, with downgrades and warnings of investment and job losses should Britain vote for Brexit weighing on it early.

USD/JPY tracked a little lower too, driven by cross selling before it started to steadily gain, back above 123.50 before settling sideways.

AUD/USD and NZD/USD were both a little weaker on the session after some early small gains. AUD/USD lost nearly 50 points from its highs, NZD/USD not falling quite so much.

Oil was weaker on the session, while gold is nearly unchanged after a move higher early then a complete retracement of it all.

Still to come!

  • RBA's Assistant Governor Kent speaks later today - here is the topic
  • ECB President Draghi will speak in Europe today
  • Coming up from the RBA on Tuesday