Forex news for Asia trading Tuesday 14 July 2015

I've got some good news ...

  • Mizuho says Greece repays Samurai bond due today - Woohoo!
  • Iran, 6 powers deal? To hold comprehensive meeting at 0800 GMT
  • More from Iran nuclear talks - details
  • Oil - Joint statement from talks to be read in a few hours
  • Oil - After midnight meeting on Iran nuke talks underway
  • Even Australia is looking up! ... Australia - NAB June Business Confidence: 10 (prior 8)

But ... I've also some bad news

  • Singapore Q2 GDP comes in worse than expected
  • 50 cent spent too much at the candy shop, files for bankruptcy
  • Australia - ANZ Roy Morgan weekly Consumer Sentiment 107.0 (prior was 111.0)

More:

  • China data , money supply, aggregate financing
  • Preview: Bank of Canada meet Wednesday. Is Poloz sharpening the knife for another cut?
  • EUR/USD: Morgan Stanley still looking for a parity party, but a bit later - revised 4casts
  • EUR/USD - Lower multi-month but in a choppy range over the next few weeks - RBS
  • Japan fin min Aso: Situation unknown until Greek parliament passes necessary legislation
  • UK data - BRC like-for-like retail sales for June: +1.8% m/m (prior was flat at 0.0%)
  • UK's Osborne tells EU - No cash from the UK for Greece bailout
  • IMF says the Greek request for extension on missed payment is to be reviewed
  • Advance notice for GBP traders - BOE's Carney faces questioning on Tuesday
  • Trade ideas thread for Tuesday 14 July 2015

EUR lost a little ground early in Asia today, extending its losses from overnight, but not by much. 1.0975 proved a step too far, and its rebounded back above 1.10. Looking back at a session that promised some action, its more or less unchaged on the day as I update.

Cable, too ... barely changed.

USD/CHF ticked higher early and has since retraced.

USD/JPY is a similar story, higher early and as i update its back where it started. EUR/JPY, too, more or less flat on the session.

AUD was a little more active. The improved business confidence and business conditions data in the NAB survey saw AUD jump 20 or so points and consolidate its gains. Its just below session highs around 0.7430 as i update. Not a huge range, though. NZD/USD is off its lows by around 15 points on a subdued day also.

Oil dripped lower but has managed a bit of a bounce since the Tokyo morning. It appears an announcement on the Iran talks may come on Tuesday London or NY time. There is some chatter about on what it might contain. Gold is a few $ down on the session but there hasn't been much movement for it.

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