Forex news for Asia trading Monday 27 April 2015

  • China People's Daily: PBOC economist says recent cuts not meant as strong stimulus effect
  • China March industrial profits: -0.4% y/y
  • Bart Simpson, yen analyst: "Eat my shorts!"
  • Greek PM Tsipras and German Chancellor Merkel swap phone numbers
  • An interview with legendary money manager Stan Druckenmiller
  • Goldman Sachs EUR/USD Elliot Wave view - "still one last leg lower"
  • Weekend oil ... Libya closes El Feel oilfield due to strike by security guards
  • Greece - what next on the schedule?
  • Monday morning Forex prices, early indications
  • A quick look at the opening levels

Weekend:

  • I wonder what model the economists used for this equation
  • Morgan Stanley FX views for the week ahead
  • US wage are flat or the highest ever, just depends how you measure
  • No one wants to take the blame for Grexit
  • UK Election 2015: Latest polls show widely differing results
  • Greece, lenders must reach deal by early May, Deputy PM tells paper
  • UBS chairman says a Greek default is seen by the IMF as "systemically controllable"
  • Thousands of Croatians holding Swiss francs loans march - demand debt restructure
  • "Germany hints at preparations of a Plan B on Greece"
  • "Inflation is a non-existent threat"
  • Germany's Schaueble not thinking of Plan B for Greece right now
  • 100 years on we remember Gallipoli
  • Earthquake measuring 7.9 hits Nepal
  • I have a new video and a favor to ask you

Markets were closed in New Zealand today which made for an extra thin liquidity beginning to the week.

USD/CAD was the notable mover in Asia today, down around 35 or so points from very early highs at one stage before a minor bounce as I update.

EUR, GBP, CHF and yen were all relatively quiet against the USD, contained in small ranges with little in the way of fresh news or catalysts to drive prices to any great extent.

AUD and NZD were a little more active, but not much. Both tested higher in the Asian morning and then lost gains as the session progressed. NZD outperformed the AUD on the day, indeed the AUD/USD is through to new session lows as I update while NZD/USD is more or less mid-range.

Oil was a little weaker on the session (not much in it). Gold eked out a small gain.

Still to come!

  • ECB speakers coming up on Monday 27 April 2015 - and whats coming up for the week.

RBA later on 'Monday':

  • Heads up for AUD traders - RBA governor Stevens speech due at 2240GMT on Monday

FOMC this week:

  • Here's a quickie preview of the FOMC from JP Morgan
  • Welcome to FOMC week! UBS and BNP on what to expect

RBNZ this week:

  • BNZ & Westpac on what to look for in this week's RBNZ meeting
  • Quick look at the RBNZ meeting on April 30 from Barclays