Forex news for Asia trading Wednesday 11 January 2017
- BOJ's Amamiya comments on yield curve control, negative rates
- Seven Things China Needs to Get Right This Year
- Appetite for Australian bank bonds shows little sign of abating
- China reforms - To partially privatize the state railway system
- Oil - ANZ price caution on potential for higher inventories
- Trade ideas thread - Wednesday 11 January 2017
- Goldman Sachs still GBP bears, says sterling soon set to become even more ‘unfashionable'
- Federal Reserve to remit $92bn to US Treasury this year
- Trump hitting back on Twitter, says the golden shower stuff is fake news
- PBOC sets USD/CNY central rate at 6.9235 (vs. yesterday at 6.9234)
- Full 'compromising' report on Trump & Kremlin (highlights in yellow!)
- Wellington New Zealand shaken by M5 earthquake
- A wee bit of USD weekness in early Tokyo
- Citi: Gold is lagging, a simple model suggests significant downside ahead
- Gundlach: 'Trouble for equity markets' if 10-year yield hits 3 percent
- ForexLive just gets better and better. You've just witnessed the 1st ever Wrap-off!
- French presidential candidate Macron says euro may not exist in 10 years
- "Intel chiefs presented Trump with claims of Russian efforts to compromise him"
- China inflation: PPI surge "a notable increase in potential pipeline pressures"
- Jeffrey Gundlach says Fed will hike twice in 2017, firstly in June
- Oil - private inventory data shows a headline build
- World Bank latest reports says global growth to accelerate slightly
- US energy agency forecasts a boost in US oil output & higher demand
- NZ data - December ANZ Job Ads: +1.6% m/m (prior was +2.9%)
Forex movements were subdued in Asia today, with data flow very light indeed and news flow dominated by US politics and allegations of efforts to compromise Trump. Trump gives a press conference in the US morning on Wednesday (Adam's preview here), the 'compromise' allegations thus coming in a timely fashion.
The allegations contain some pretty disgusting stuff, read on at your own risk!
- "Intel chiefs presented Trump with claims of Russian efforts to compromise him"
- Full 'compromising' report on Trump & Kremlin (highlights in yellow!)
- Trump hitting back on Twitter, says the golden shower stuff is fake news
Data flow, as I said, was light. Other news was another NZ earthquake, this time thankfully smaller than the near 8 magnitude November temblor.
The USD began the Tokyo morning with a lttle (a real little) weakness, cable popped above 1.2190 in one of the 'bigger' moves, but soon retraced. The USD then found a bit of legs to trade higher. USD/JPY back above 116.20 at one stage while USD/CHF straddled 1.0180, EUR/USD (though renamed for the day in honour of Trump to eurine/USD) circa 1.0540.
AUD and NZD are performing better, though, each registering gains for the session, though again, not by too much.
Gold and oil are relatively flat on the session.
Regional equities:
- Nikkei +0.30%
- Shanghai +0.53%
- HK +0.68%
- ASX +0.10%
More:
And, its probably a good day for some R. Kelly:
