Forex news for Asia trading Thursday 15 June 2017

  • Australian jobs report - even MOAR analyst responses
  • Australian jobs report - analyst responses - part 2
  • RBNZ says neutral rate of interest has continued to fall
  • Australian jobs report - analyst responses
  • BOJ monetary policy announcement due Friday - preview
  • RBA bulletin on Australian economic and financial developments
  • PBOC says OMO injection today to counter liquidity stress
  • Australian Employment Change (May report): +42K (vs. expected +10K)
  • PBOC sets USD/CNY mid-point today at 6.7852 (vs. yesterday at 6.7939)
  • Sneak webcam peek inside the ABS as they prepare the Australian jobs data
  • Australia - Consumer inflation expectations (June): 3.6% (prior 4%)
  • USD/JPY retraces all of its earlier morning drop
  • AUD/USD technical analysis: Above 0.77 powerful resistance, retest increasingly likely
  • NZD technical analysis: "Recent uptrend is accelerating in terms of price and momentum"
  • The Australian employment report for May is due at 0130GMT - preview 4
  • Australian jobs report due soon - preview 3 (& bonus)
  • Australian jobs report due soon - preview 2
  • Australian jobs report due soon - preview
  • OECD have a view on the NZD, reckon it is slightly overvalued
  • Goldman Sachs on the FOMC: GS expect b/s normalization in Sep., hike in Dec.
  • Sth. Korea vice fin min says will stabilize markets if needed
  • Some yen buying as Tokyo gets underway
  • NZ Q1 GDP: 0.5% q/q (expected 0.7%)
  • Heads up for the New Zealand data due at 2245GMT; Q1 GDP
  • US politics: WaPo says Special counsel Mueller investigating Trump
  • The NZD 'barometer' ... business forecast for 0.65 in 12 months
  • 16 of 17 US primary dealers see Fed reserve hiking interest rates by year-end
  • NZ Q1 GDP due soon - preview 4
  • NZ Q1 GDP due soon - preview 3
  • NZ Q1 GDP due soon - preview 2
  • NZ Q1 GDP due soon - preview
  • Recap of the China credit data
  • Trade ideas thread - Thursday 15 June 2017
  • Saudi Central Bank raises reverse repo rate (& why I'm posting on this)
  • Stocks have volatile afternoon, but recover into the close
  • ForexLive Americas FX news wrap: Hawkish hike, dollar rebounds
  • Economic data due from Asia today - NZ GDP, Aussie jobs report

It was post-FOMC day in Asia today but most attention (for once) was not on post-mortems but incoming data and news. US politics moved to centre-stage early with news breaking that Special counsel Mueller is investigating Trump. It saw a bump in yen and gold buying, both moving a little stronger against the USD. USD/JPY subsequently retraced, though; from lows circa 109.27 it popped back above 109.70. Gold has managed not to lose most of its gain, however.

New Zealand Q1 GDP was next; it missed estimates and saw the kiwi marked lower immediately before bouncing pretty much straight back. Over subsequent hours though it bled a little lower and is barely off its session low as I update.

Major data flow continues, with Australian labour force information hitting (May update). This came in at a very strong gain indeed; a strong headline, a strong full-time result, a big drop in unemployment, a jump in participation, and a jump in hours worked. This is the third month in a row for decent job additions.

The Australian dollar was marked up towards its overnight high bt the gain was not sustained. Its dribbled back for just more than a 50% retracement as I update.

EUR, CHF, GBP, CAD are all little changed against the USD (against the yen, of course - see above - have been more action.

Regional equities:

  • Nikkei -0.42%
  • Shanghai -0.11%
  • HK -1.07%
  • ASX -1.25%

Still to come:

  • 0740GMT - Reserve Bank of Australia - Speech by Guy Debelle, Deputy Governor, at a Thomson Reuters industry event, Sydney
  • 1100GMT - Bank of England