Forex news for Asia trading Thursday 12 November 2015
- Australia October Employment Change: +58.6K
- Australian employment report ... the ABS have been right about this
- Australian employment report HUGE beat - analyst responses
- AUD/USD technical analysis chart ... where to next for the AUD?
ECB:
- ECB's Coeure: ECB is not committed to act in December - More
- More from the ECB's Benoit Coeure
- ECB's Coeure: ECB does not have to act in December
- ECB's Visco: Sees downside risks for growth and inflation
- One reason the euro is gaining ground
- Japan September Machinery Orders - recap
- Is wishful thinking derailing your trading results? Would you even know?
- Swiss fractional reserve system referendum - what's next?
- China NDRC says it approved 86.4bn yuan of projects in October
- PBOC sets yuan reference rate for today at 6.3628
- NZ - ANZ consumer confidence index for November: +6.8% (prior +3.7%)
- UK data - RICS house price balance for October: 49% (45 expected)
- Japan data - Machine orders +7.5% m/m (expected +3.1%)
- Hedge Fund manager says Australian dollar to slide into the 50s
- China Securities Journal: China may boost infrastructure Investment
- Fed's Williams in USA Today: 'Very strong case' to raise rates in December
- AUD/USD technical analysis chart ... where to next for the AUD?
- A quick trade idea to catch a sleepy market
- Goldman Sachs: Chance of a US recession starting next year only around 10 to 15%
- Japan - Reuters Corporate Survey: 44% of manufacturers undershooting targets
- NZ data - October FPI: -1.2% m/m (prior -0.5%)
- New Zealand data - Manufacturing PMI for October: 53.5 (prior 55.4)
- US Treasury Secretary Lew urges Russia to reconsider its stance on Ukraine debt deal
- Trade ideas thread for Thursday 12 November 2015
- Bank of Korea left interest rates unchanged, as widely expected
The big move today in Asia was in the Australian dollar, which ticked slowly and marginally higher in the hours before the employment report for October and then leaped nearly a big figure upon the release. The headline result was a huge beat (58,000 vs. 15,000 expected) and given the volatility in the data raised immediate questions. The trend of employment growth is, though, higher. Regardless of all the doubts and equivocations, as I said the AUD leaped. It stabilised somewhat around 0.7140 and its not far from there as I update.
Japanese data today (core machine orders) came in positive for the m/m change, the first in 4 months. Impact on the yen was limited, though, USD/JPY trickled 15 or so points lower in morning trade and then retraced it all to be barely changed on the session.
Comments from Benoit Coeure of the EBC helped EUR to climb somewhat, up near 40 points on the session at its highs, but its backed off a little since. Given the moves in USD/JPY we have EUR/JPY higher on the session (but also off its high)
Cable has edged up net for the session. USD/CHF is a few points lower. NZD/USD is barely changed (leaving AUD/NZD much higher).
The People's Bank of China set the USD/CNY higher again for the eighth day in a row, the longest run of yuan settings lower since 2008.
Gold has bounced from its NY afternoon low by around $5, oil is up just a few cents.
Regional equities with Shanghai closed for the lunch break:
- Shanghai -1.00%
- Nikkei -0.03%
- HK +0.97%
- ASX +0.24%
