Forex news for Asia trading Monday 9 November 2015

Monday:

  • House made of BRICs has blown down ... Goldman Sachs to shut the fund
  • Japan Abe's coalition partner - wants more stimulus after Q3 GDP analysis
  • Goldman Sachs analysts falling over each other to call a Dec. rate hike & EUR/USD forecast
  • Japan data - September Labor Cash earnings: +0.6%y/y (expected +0.5%)
  • Australia - ANZ job advertisements data for October: +0.4% m/m (prior +3.9%)
  • CEO of world’s biggest shipping line: “We believe that global growth is slowing down”
  • Fonterra CEO says losing Chinese market share to European competitors is a concern for NZ
  • Advance extracts of UK PM Cameron speech - will "rule nothing out" with EU
  • Trade ideas thread for Monday 9 November 2015
  • Westpac on the Fed: "lift-off in December is almost a done deal"
  • Saudi Aramco chairman - no plans to cut oil production
  • ECB's Weidmann: Fed on path towards monetary policy tightening, ECB is not
  • ECB's Villeroy: ECB has still some room for monetary policy maneuver
  • Monday morning prices, early indications as the Forex day 8 November 2015 begins

Weekend

  • Time to pause and reflect amidst market turmoil
  • OPEC ready to make needed investments to respond to the world's future energy needs despite uncertainties
  • China October trade balance; exports, imports both miss
  • Fed's Williams: Will "wait and see on" on data between now and December FOMC
  • Fed's Evans says conditions look like they could be right for a rate hike
  • Egypt unhappy that intelligence was not shared on the fatal KGL 9268 crash
  • Taiwan's Ma hopes that China can use peace to resolve cross-strait issues
  • China's foreign exchange reserves rise to $3.53 trillion in October
  • Swiss economy remains resilient despite franc cap removal say SNB's Zurbruegg

EUR/JPY a solid mover in Asia today as EUR/USD gained back some of its Friday losses while USD/jpy continued its climb (albeit slowly).

Weekend news was focused on the Chinese October trade data which disappointed on both exports and imports and kept China stimulus talk on the boil.

AUD and NZD both suffered a little in early trade but have more than recovered their losses to be higher than Friday's finishing levels.

Cable, too, has gained, while the USD/CHF is barely changed. Gold and oil are both slightly higher on the session.

Local equity markets had a strong daywell, almost all of them, the ASX was a laggard down on the day. Regional equities with Shanghai closed for the lunch break:

  • Shanghai +1.63%
  • Nikkei +1.96%
  • HK +0.12%
  • ASX -1.74%