Forex news for Asia trading Thursday 17 August 2017
- US data Thursday - Industrial Production the focus (preview)
- Coming up Thursday - European Central Bank monetary policy meeting minutes
- UK data - July Retail Sales due Thursday - preview
- Australian labour market report (July): Employment Change: 27.9K (expected 20.0K)
- PBOC sets USD/CNY mid-point today at 6.6709 (vs. yesterday at 6.6779)
- Steve Bannon on China: “We’re at economic war with China”
- New Zealand: ANZ Consumer Confidence Index (August): +0.6% m/m (prior -1.9%)
- Japan July trade data - recaps
- Singapore July trade data - miss for exports
- Goldman Sachs is infiltrating the Fed in ways that most people haven't noticed
- Japan - Trade Balance for July: Y 418.8bn (expected Y 327.1bn)
- Brexit: UK exporters not sure how long the boost from a weaker GBP will continue
- Reuters Brexit survey (of CFOs) - most firms have not changed their plans
- US VP Pence says will achieve a win win win renegotiation of NAFTA
- New Zealand - Q2 PPIs for Output 1.3% q/q (prior 1.4%) & Input 1.4% q/q (prior 0.8%)
- Canada's Freeland says prepared for moments of drama in NAFTA talks
- Brexit: Cable says there is a 'significant possibility' it still won't happen
- Australian press on slow wage growth: "wages ... are going nowhere"
- More Japan press: Japan Inc. weakening its outlook for the yen
- Japan press today on the potential for a snap general election
- Australian jobs report (July) coming up - preview
- Trade ideas thread - Thursday 17 August 2017
- More on Fed's Mester - says U.S. rate hikes should continue despite weak inflation
- Japan trade balance due today - preview
- Economic data due from Asia today - Aussie jobs report
It was a weaker dollar story in Asia today following on from the slides overnight. USD/JPY was a big loser, after showing some early signs of stability circa 110.00 it dropped again in Tokyo until 109.60 provided some support (tech levels cited though real buyers were spotted also).
There was the odd bit of Japanese news and data about (see bullets above), better exports (July data) supportive of the yen on the session.
EUR/USD was a (small) continuation story also, popping above 1.1780. USD/CHF has done very little while GBP/USD has traded back above 1.29.
The monthly Australian employment report continued its run of good results, with a beat on the headline, but tarnished somewhat by the full time/part-time split less favourable than the prior month. After its strong overnight performance the follow through higher for AUD was, well, not followed through. It's near enough to net unchanged on the session. NZD/USD has managed a few tics to the better on the day. Gold is higher too while USD/CAD is little net changed.
Regional equities:
- Nikkei -0.08%
- Shanghai +0.34%
- HK +0.15%
- ASX -0.09%
Still to come:
