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forextutor-blog · 8 years ago

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New Post has been published on Forex Blog | Free Forex Tips | Forex News

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/forexlive-asia-fx-news-stay-tuned-rba-still-to-come/

ForexLive Asia FX news: Stay tuned, RBA still to come

Forex news for Asia trading Tuesday 2 May 2017

Greece: EU and IMF conclude agreement on bailout reforms

China press: PBOC official says should deleverage economy at proper pace

China’s manufacturing PMIs not the only ones to dip this month – weaker across Asia

China – Caixin manufacturing PMI for April: 50.3 (expected 51.3)

Quickie RBA previews from 7 banks

PBOC sets USD/CNY central rate 6.8956 (yesterday was a holiday, Friday’s was 6.8931)

US President Trump to speak by phone with Russian President Putin 1630GMT

AUD and NZD orderboards

Japan April Services PMI 52.2 (prior 52.9) & Composite 52.6 (prior 52.9 also)

EUR/USD orderboard

USD/JPY & EUR/JPY orders

BOJ Governor Kuroda – full text

BOJ March meeting minutes

Japan’s Monetary Base (April) 19.8% vs. 21.2% forecast

Heads up for NZD traders – its Dairy auction day! (GlobalDairyTrade)

Australia – ANZ-Roy Morgan weekly consumer confidence: 111.3 (prior 111.2)

Japanese companies forecast the USD/JPY exchange rate

USD/JPY on the move in the ‘twilight zone’

RBA preview: “Certain to hold rates steady”

For the global economy it doesn’t get any better than this (it gets worse)

Australia – Likely boost to infrastructure spending another reason for RBA on hold

Australia – RBA announcement due today, here is a preview

ICYMI – Australian commodity price index data (bigly!)

Trade ideas thread – Tuesday 2 May 2017

Economic data due from Asia today – & its RBA meeting day

ICYMI:

A snapshot of the strongest and weakest currencies near the close of the day.

ForexLive Americas FX news wrap: Data disappoints but dollar doesn’t

We got a stack of manufacturing PMIs from Asia today (following the weaker official China manufacturing PMIs over the weekend). In general, results were weaker (see bullets above for more detail). Despite the weaker data though, Asian stocks were overall resilient, and metals were generally higher also.

Cable was a solid gainer for the session (as I update), up from a late US low under 1.2880 (briefly) to back above 1.2900 and towards 10. AUD/USD has managed to post a gain also, ahead of the RBA announcement (May monetary policy meeting) due at 0430GMT:

RBA preview: “Certain to hold rates steady”

Australia – Likely boost to infrastructure spending another reason for RBA on hold

Australia – RBA announcement due today, here is a preview

Quickie RBA previews from 7 banks

NZD/USD is up a little, and the CAD has been no relative slouch, USD/CAD under 1.3365 (the range has been small here).

USD/JPY has spent the session in a very narrow range; it edged higher in pre-Tokyo trade but has so far not pierced 112. Yen crosses are generally a touch stronger also. BOJ March meeting minutes and Governor Kuroda’s speech passed barely noticed.

EUR/USD, too, a small tic higher, back over 1.0900 and a few points up from there. USD/CHF, meanwhile, is barely changed for the session.

Gold and oil, little change.

Regional equities:

Nikkei +0.70%

Shanghai -0.29%

HK +0.26%

ASX -0.60%

Still to come:

Stick this in your diary (or anywhere else you prefer): US President Trump to speak by phone with Russian President Putin on Tuesday, 1630GMT

Heads up for NZD traders – its Dairy auction day! (GlobalDairyTrade)

ForexLive Asia FX news: Stay tuned, RBA still to come ForexLive Asia FX news: Stay tuned, RBA still to come http://www.forexlive.com/feed/news $inline_image

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forextutor-blog · 8 years ago

Text

New Post has been published on Forex Blog | Free Forex Tips | Forex News

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/forexlive-asia-fx-news-plenty-of-us-news-to-trump-sorry-the-aussie-data-today/

ForexLive Asia FX news: Plenty of US news to trump (sorry) the Aussie data today

Forex news for Asia trading Wednesday 26 April 2017

More responses to the Australian Q1 inflation data

New Zealand credit card spending for March +0.8% m/m (prior -1.4%)

A cheerful note from the Japan press: BOJ has Japan’s economy right where it wants it

More analyst responses to the Australian inflation data

Goldman Sachs on the Australian CPI

Q1 Australia headline inflation: 0.5% q/q (expected 0.6%)

PBOC sets USD/CNY central rate at 6.8845 (vs. yesterday at 6.8833)

USD/JPY & EUR/JPY orders

Some Trump tax plan headlines crossing

EUR/USD orderboard

AUD and NZD orderboards

Ahead of the Aussie CPI – a look back at the good old days (last week’s huge NZ CPI!)

Canada PM Trudeau told Trump he wants a negotiation on softwood

More on “Trump’s Tax Plan Said to Seek 10% Levy on Offshore Earnings”

US Ross: Trump Administration Mulls More Trade Actions

Australia data – ANZ-Roy Morgan weekly consumer confidence: 111.2 (prior 112.6)

Trump plan to tax repatriation of corp. foreign earnings at 10%

HSBC EUR/USD & USD/JPY forecasts

IMF forecasts, if borne out, should guarantee Australia retains AAA credit rating

ICYMI – Australia inflation data due today, here are 5 previews

OIL – Trump Said to Order Review of Oil Drilling Off California Coast

Why U.S.-Canadian Trade Relations Soured

More on BOJ’s Iwata says conducting simulation on exit strategy from stimulus

BOJ meet today & tomorrow (announcement tomorrow, d’uh 😀 ) – preview ICYMI

Trade ideas thread – Wednesday 26 April 2017

Brexit news: UK press report Britain may have to contribute to EU budget until 2020

US press reports Trump admin. has dropped any support for border adjustment tax

OIL – Private inventory data shows surprise build in headline crude stock

Economic data due from Asia today – Australian inflation data day

David Einhorn bails on some shorts after tough quarter

ICYMI: ForexLive Americas FX news wrap: Yen crosses jump. CAD hits 14-month low

Oil price movement first up today, late US afternoon data from the private inventory survey (the official survey is due Wednesday morning US time) showing a surprise build in inventory. Oil fell on the data and then a little more but has recovered somewhat during Asia.

Then it looked like a wait for the next focal point of the day, the Australian inflation data (Q1 2017 – we get official inflation figures onyly once a quarter in Australia). But, any plans for having a snooze ahead of those was quickly dispelled, with plenty of US political action. These are all in the bullets above, but to save you a scroll:

US press reports Trump admin. has dropped any support for border adjustment tax

Trump plan to tax repatriation of corp. foreign earnings at 10%

More on “Trump’s Tax Plan Said to Seek 10% Levy on Offshore Earnings”

These all referring to the tax plan expected to be announced Wednesday (US time),

More (again, in the bullets above, but spare the keyboard arrows):

President Donald Trump’s tax plan to be released on Wednesday will slash tax on repatriating corporate profits earned overseas to 10 percent … will cut top tax rate on pass-through businesses to 15 percent from 39.6 percent … will not include “border-adjustment tax” on imports from House Republican tax proposal – administration official

While the repatriation headline was read as USD positive (some doubters about though) the response was not as expected, the USD continuing higher. This is Asia, though, so the range was not great.

EUR/USD topped out on the session well before its overnight (i.e. Europe/US time) high and has stabilised circa 1.0940, so not too far from that high. USD/CHF is little changed, down a few tics on the session only. Cable, also little change and reaching an Asia time peak lower than its overnight also.

USD/JPY clawed its way higher though, along with yen crosses. There was little in the ways of news nor data, but do come back tomorrow for the Bank of Japan meeting conclusion, announcement and latest Outlook report. Previews:

BOJ meets this week – preview(s)

Japan press: BOJ has Japan’s economy right where it wants it

AUD was a loser on the day. The first of the official 2017 inflation reports dropped from the Australian Bureau of Statistics today, coming in showing headline inflation back into the RBA target band while ‘core’ inflation measures were a little higher but still falling short of the target band. It’s the core measures the Reserve Bank of Australia is most interested in and while these were better (i.e. ‘better’ in the sense of closer to target for the RBA) the outlook ahead is likely for flat around these levels if not a little lower. I’ve more of my thoughts here in the data post:

Q1 Australia headline inflation: 0.5% q/q (expected 0.6%)

And bank analysts responses followed:

More analyst responses to the Australian inflation data

Goldman Sachs on the Australian CPI

More responses to the Australian Q1 inflation data

AUD/USD spiked a few points in the moments leading up to the data release but dropped once the data hit the wires, following on a little lower toward 0.7500 (not getting there though) before stabilising somewhat as I update around 0.7515 or so.

NZD/USD lost a few points alongside the AUD, touching under 0.6920 and its just over that point now as I write.

I should mention the CAD also – it didn’t have much movement but comments today from Canadian PM Trudeau indicate more to come on the timber issue, and other trade matters between the two north Americans.

Regional equities:

Nikkei +0.74%

Shanghai +0.36%

HK +0.53%

ASX +0.63%

ForexLive Asia FX news: Plenty of US news to trump (sorry) the Aussie data today ForexLive Asia FX news: Plenty of US news to trump (sorry) the Aussie data today http://www.forexlive.com/feed/news $inline_image

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