Forex news for Asia trading Monday 13 November 2017
- Weekend French press: EU preparing for possible collapse of Brexit talks - Barnier
- EUR/USD: 4 reasons why the USD is not stronger? What's next?
- Australian labour market data due this week - preview
- "How To Forecast Markets" (Learned after 30 Years)
- Australian wages data (Q3) due this week - preview
- Japan PM Abe on North Korea - in talks with Trump, Turnbull
- M6.5 earthquake off the coast of Cost Rica
- Barclays on the week ahead - short EUR/GBP
- BOJ official says Fed polices will have direct link to BOJ steps
- Fed's Harker (again!): Fed doesn't have to remove a lot of accomm to return to normal
- Weekend comments from ECB's Lane
- More from Harker: Has pencilled n 1 hike this year, 3 the next
- Goldman Sachs on the BOJ: Stimulus to stay even if govt says deflation over
- PBOC sets USD/CNY mid-point today at 6.6347( vs. Friday at 6.6282)
- More from Fed's Harker: If inflation accelerated, would respond appropriately
- FX option expiries for Monday 13 November 2017
- Here’s why investors look too complacent about the Powell Fed
- Australia - Sep. Credit card purchases AUD 25.5bn (prior 29.6bn) Balance 51.4bn (prior 51.3bn)
- UK data - Outlook for UK pay growth improves a little (CIPD survey)
- Fed's Harker: 'Lightly pencilled in' a December rate hike
- UK data - Visa says UK shoppers cut spending by most in more than 4 years
- UK data - Rightmove house prices for November: -0.8% m/m (prior +1.1%)
- Japan PPI (October): +3.4% y/y (expected +3.1%)
- Are we there yet? FX update with Asia about to really kick off
- More on "Japan's cash-rich companies ready to spend more on M&A, not wages"
- AUD - recap of RBA's Debelle speech and comments today
- Reuters poll: Japan's cash-rich companies ready to spend more on M&A, not wages
- More from RBA's Debelle: Expects infrastructure investment surge to continue
- USGS reports Magnitude 6.1 earthquake off the east coast of Japan
- More to come from the RBA this week (add to the diary!)
- ANZ on the China data due this week and the implications for the Australian dollar
- RBA's Debelle: Upward trend in Australia non-mining investment
- ANZ on the FX week ahead of the Australian dollar
- Trade ideas thread - Monday 13 November 2017
- Weekend Australian press - "Pundits misunderstand Reserve Bank’s latest forecasts"
- Range prediction for the AUD/USD this week
- Bank of Japan Governor Kuroda speaks Monday in Zurich (here is the timing and topic)
- Economic data due from Asia today - RBA, Fed speakers
- Monday morning FX - 13 November 2017 - foreign exchange prices, early indications
Weekend:
- Lebanon Hariri says he will return home within days
- 7.2 magnitude earthquake hits south of Halabjah, Iraq
- 19 events to watch on the economic calendar this week
- Rumours of Saudi King abdication denied
- Cable was the best-performing trade last week
- The knives are out for Theresa May again: 40 MPs say she must go
- Lebanese President told foreign ambassadors that PM Hariri 'kidnapped'
- Worries about the end of humans in forex are overblown
Cable was a notable loser to open the week in Asia this Monday. Right from the off it slid, with various Brexit and UK politics related news items weighing, eg.:
- Weekend French press: EU preparing for possible collapse of Brexit talks - Barnier
The knives are out for Theresa May again: 40 MPs say she must go
There has barely been a bounce and its not far from sessions lows as i update.
Yen was a loser also, with USD/JPY moving to around 113.70 in the Tokyo morning and sideways since not much lower at all.
EUR/USD is down a few points net on the session, USD/CHF a few points to the better.
The Australian dollar was lower in the early goings on but has recovered somewhat in a small range to be net little changed from its Late Friday levels. RBA's Debelle spoke, he was upbeat on buinsess investment improving (see bullets above).
NZD/USD, pretty much ditto.
Apart from what I have mentioned news and data flow has had little impact. Atlanta Fed head Harker spoke in Tokyo today without adding too much; he and the Fed looking at inflation and other economy indicators ... still ... and as expected. He did not rule out (or in) a December rate hike. More in the bullets from Mr. H, above.
