Forex news for Asia trading Friday 13 March 2015
- ANZ slashes its year end EUR/USD forecast to 0.95
- Bank of Japan (BOJ) Governor Kuroda: Wage growth needed for sustainable inflation
- WSJ: Japan jobs, fewer permanent hires and limited wage increases add pressure to economy
- China - people's Daily says China is able to keep GDP growth of about 7%
- The CME has increased margin rates for 30yr, Eurodollar and Fed Fund futures
- Comments from Japan finance minister Aso ... normal stuff ...
- Westpac on AUD/NZD ... parity "possible" ... but no ...
- Wall Street Firm New Algo - Capable Of Performing Over 10,000 Ethical Violations/Second
- USD/CAD technical analysis comments via RBC
- BNP on the euro - "risk-reward remains atractive for staying short"
- Are Currency Wars Looming in Asia?
- BusinessNZ manufacturing PMI for February: 55.9 (prior was 50.7)
- German Fin Min Schaeuble : Greece needs to fulfill its obligations, otherwise no payment
- Polish central banker: Poland may need to ease again
I don't know what it is about Friday the 13th ... but if you have stayed awake to trade Forex during this session you've probably regretted it. The good news is we don't have another Friday the 13th until November.
EUR, GBP, CHF, AUD ... all lost a small amount of ground against the USD during the session.
NZD/USD initially gained but has since fallen back around 30-odd points from earlier highs. Its on its lows as I write this up.
Oil was a little stronger, gold gained also.
Still to come ...
- USD/CAD - brief employment report preview