Forex news for Asia trading Monday 21 August 2017
- Goldman Sachs says corporate tax-reform is looking "less likely"
- North Korea warns of nuclear war over US military drills with South
- NZ data - July credit card spending +0.9% m/m (prior +0.2%)
- Coming up from NZ - how much $$$ available to spend on election promises!
- AUD/USD should "find support on dips to around 0.78. But ..."
- US press (politics): Bannon readies his revenge - war on Kushner is about to go nuclear
- More detail on the US Navy ship collision: 10 sailors missing
- PBOC sets USD/CNY central rate at 6.6709 (vs. Friday at 6.6744)
- Gold: "$1,300 beckons ... but if EUR/USD weakens, this could stall the gold rally"
- US navy ship collides with merchant ship near Strait of Malacca
- ANZ on the CFTC positioning data: (Levered funds) EUR saw the largest net selling
- Reuters Japan Tankan (August) shows manufacturers most optimistic in a decade
- UK August Rightmove House Prices -0.9% m/m (prior 0.1%)
- Oil - Libya weekend developments: Sharara field shut down, exports
- German finance ministry expect growth in Q3 but highlight 'medium term risk'
- Jackson Hole speeches & EUR/USD: Draghi hot, Yellen not
- SG on EUR/USD: additional bullish signs, choppy correction to continue - tech levels
- Trade ideas thread - Monday 21 August 2017
- Brexit - Meanwhile, Franfurt and Dublin battle it out to attract banks
- Brexit - UK's "Department for Exiting the EU" (srsly) to publish 5 papers this week
- Economic data due from Asia today
- Monday morning FX - 21 August 2017 - foreign exchange prices, early indications
Weekend:
- The Carney trade has taken a turn
- Why Yellen's Jackson Hole speech could be a dud
- "Hard Brexit" would deliver GBP 135bln annual boost to UK economy
- Bannon: "The Trump presidency that we fought for, and won, is over"
- China's Yin says finance regulators should increase punishment for those who violate
- ECB sources suggest Draghi not to deliver a new policy message at Jackson Hole
- ANZ on what to expect from Yellen and Draghi next week (Jackson Hole preview)
Minor wiggles across the board to open the week in Asia this Monday with light news and data flow only.
The Reuters monthly Tankan was a further sign of continued improvement in the Japanese economy while other data out during the session was minor for New Zealand and the UK.
USD/JPY is little changed on the session after a small range only; it headed up to around 109.40 and drifted back to around 20 following. EUR/USD barely managed a sweat, little more than a 10 point range for the bulk of the session so far. Ditton for USD/CHF.
GBP/USD has ambled along; it was slightly softer in the very early morning but has been 1.2865/75 (and thereabouts) for the past few hours now.
AUD/USD, small range and not much volatility. NZD/USD has ticked a few points up from an early low but not much of a range there either. USD/CAD is up a few ticks on the session also, but little going on.
Regional equities:
- Nikkei -0.31%
- Shanghai +0.24%
- HK +0.55%
- ASX -0.63%
