Forex news for Asia trading Friday 20 November 2015

  • Reports the BOJ is to publish its own inflation figures after government release
  • Australia press: Saxo Bank chief economist likes the AUD once the Fed hikes
  • Chatter about on potential for China easing this weekend
  • EUR/USD technical analysis - " near-term bounce, but we stay bearish for 1.0521"
  • Conference Board China October leading Index +0.6% m/m
  • New Zealand Credit Card Spending for October: +7.8% y/y (prior +7.3%)
  • PIMCO: "inclusion yuan in SDR the key that opens the door to Chinese capital markets"
  • PBOC sets USD/CNY mid-point today at 6.3780
  • ANZ's Hogan: AUD signalling a move to 74c ... .highlights risk of RBA cuts in 2016
  • Canada data coming up - retail sales & CPI - preview
  • RBA's Heath (more): RBA forecasts show expected fall in unemployment rate
  • RBA's Heath: AUD fall has helped to improve competitiveness
  • CME to cut EUR/USD price increment in half
  • Fed's Fischer: Interest rates close to zero not long run steady state
  • Goldman Sachs’ Global Markets top trade ideas for 2016
  • Fed's Fischer: No final decision on rate hike has been made
  • Moody's upgrades Ukraine sovereign rating
  • Trade ideas thread for Friday 20 November 2015

NZD the outperformer today during Asia, with AUD also faring well but giving back much of its gain later.

There was little in the way of fresh news or market-moving data during the session, with some talk about of heightened expectations for China to perhaps ease further this weekend.

EUR, CHF, GBP and yen all maintained steady ranges, with the USD little net changed against each on the session.

NZD was the star performer, gaining on the crosses and up 50 or so points vs. the USD. There was little in the way of market-moving news for it (credit card spending was up!).

Gold is up a few cents and oil a few cents better also.

Regional equities with Shanghai closed for the lunch break:

  • Shanghai+0.07 %
  • Nikkei -0.43%
  • HK -0.19%
  • ASX +0.20%

Still to come:

  • Still to come from Japan - BOJ monthly report and Kuroda speaking
  • Canada data coming up - retail sales & CPI - preview