Share This Story:
|
|
Email
TradeTheNews.com Asian Market Update: AUD/USD sinks below $1.04 as RBA leaves the door open to more easing***Economic Data*** - Source TradeTheNews.com
- (AU) RESERVE BANK OF AUSTRALIA (RBA) LEAVES CASH TARGET RATE UNCHANGED AT 3.00%, AS EXPECTED >- (AU) AUSTRALIA DEC TRADE BALANCE (A$): -427M V -800ME (smallest deficit in 6 months; 12th month of deficit) - (AU) AUSTRALIA Q4 HOUSE PRICE INDEX Q/Q: 1.6% V 0.3%E; Y/Y: 2.1% V 0.9%E - (AU) AUSTRALIA JAN AIG PERFORMANCE OF SERVICE INDEX: 45.3 V 43.2 PRIOR (12th month of contraction) - (NZ) NEW ZEALAND Q4 AVERAGE HOURLY EARNINGS Q/Q: -0.4% V +0.4%E; PRIVATE WAGES EX-OVERTIME Q/Q: 0.5% V 0.5%E; PRIVATE WAGES INCLUDING OVERTIME Q/Q: 0.6% V 0.5%E - (CN) CHINA JAN HSBC SERVICES PMI: 54.0 V 51.7 PRIOR (four-month high) - (KR) SOUTH KOREA JAN FOREIGN EXCHANGE RESERVES: $328.9B V $327.0B PRIOR - (PH) PHILIPPINES JAN CONSUMER PRICE INDEX (CPI) M/M: 0.5% V 0.6%E (5-month high); Y/Y: 3.0% V 3.0%E (3-month high); CORE CPI Y/Y: 3.6% V 3.1%E - (HK) HONG KONG JAN PURCHASING MANAGERS INDEX (PMI): 52.5 V 51.7 PRIOR - (ID) INDONESIA Q4 GDP CONSTANT PRICE Q/Q: -1.4% V -1.3%E; Y/Y: 6.2% V 6.2%E; ANNUAL GDP 2012: 6.2% v 6.3%E - (IN) INDIA JAN MARKIT SERVICES PMI: 57.5 V 55.6 PRIOR (multi-month high) - (UK) UK JAN BRC SALES LFL Y/Y: 1.9% V 0.3% PRIOR (highest since Dec 2011) ***Markets Snapshot (as of 05:00 GMT)*** - Nikkei225 -1.6% - S&P/ASX -0.4% - Kospi -0.7% - Shanghai Composite -0.4% - Hang Seng -1.7% - Mar S&P500 +0.1% at 1,495 - Apr gold -0.1% at $1,675/oz - Mar Crude Oil -0.1% at $96.06/brl ***Notes/Observations*** - RBA on hold at 3.00% as expected; Opens the door for more easing if conditions warrant, sending AUD/USD down over 50pips below $1.04 >- Australia Dec trade data shows narrowing deficit as higher iron ore prices send export component up 3% m/m and value of iron ore shipments up over 20% m/m - PBoC daily liquidity operation highest on record - 10yr JGB auction seeing weak demand after warning form Government Pension Investment Fund overnight. - Yum shares fall to 1-year lows afterhours after forecasting 2013 EPS decline due to poultry quality crisis in China. ***Currencies/Fixed Income/Commodities*** - (CN) China PBoC to offer CNY450B in 14-day reverse repos (largest one-day injection on record) - JGB: (JP) Japan MoF sells ¥2.18T in 0.8% 10-yr notes; Avg yield: 0.795% v 0.822% prior; Bid to cover: 2.75x v 3.52x prior - SLV: iShares Silver Trust ETF daily holdings fall to 10,420 tons from 10,425 tons prior ***Speakers/Political/In the Papers*** - (CN) China National Bureau of Stats (NBS): China to widen PMI sample to better reflect manufacturing - financial press - (CN) China top four banks Jan new yuan loans seen around CNY370B - Chinese press - (CN) Analysts see China Jan CPI falling to 1.8% from 7-month high 2.5% in Dec as tighter food supply issues that exacerbated prior inflation data normalize - Shanghai Daily - (CN) China's National Development and Reform Commission (NDRC): 2012 crude oil consumption increase accelerated 4.9% to 476.1M tons from 3.3% increase in 2011 - Shanghai Daily - (JP) Japan PM Abe: BoJ will decide policy; govt accord will not undermine BoJ independence - (SG) Monetary Authority of Singapore (MAS) Managing Director Menon: Need to avoid competitive devaluation and protectionist measures - financial press - (US) Goldman Chief Economist Hatzius: Fed will continue asset purchases in 2013, repeat of U.S. debt ceiling crisis looks likely, politics could boost European risk premium ***Equities*** - Itochu 8001.JP: Reports 9-month Net ¥208.1B v ¥218.9B y/y, Op Profit ¥164.2B v ¥208.8B y/y, Rev ¥9.27T v ¥8.83T y/y - Mitsubishi Mtoro 7211.JP: Reports 9-month Net ¥17.3B v ¥13.6B y/y, Op Profit ¥40.9B v ¥38.5B y/y, Rev ¥1.28T v ¥1.29T y/y - Mitsui Chem 4183.JP: Reports 9-month Net loss ¥9.7B v loss ¥0.2B y/y, Op Profit ¥2.5B v ¥27.6B y/y, Rev ¥1.01T v ¥1.10T y/y - JX Holding 5020.JP: Reports 9-month Net ¥91.9B v ¥158.8B y/y, Op Profit ¥135.0B v ¥234.5B y/y, Rev ¥8.05T v ¥7.79T y/y - COH.AU: Reports H1 Net A$77.7M v A$81Me, Rev A$391.7M v A$387.5M y/y - MQG.AU: Sees FY13 Net materially up y/y; FY13 results 10% above 2012 levels - QAN.AU: Does not plan to renew code-share agreement with British Airways - AFR - BA: Asks the FAA to allow 787 Dreamliner test flights, FAA likely to grant permission, could come as early as Monday evening - press - YUM: Reports Q4 $0.83 v $0.81e, R$4.15B v $4.13Be; cuts FY13 EPS guidance to "mid-single digit decline" vs. +10% prior guidance - BIDU: Reports Q4 $1.31 v $1.29e, R$1.02B v $939Me - HIG: Reports Q4 $0.54 v $0.29e, R$7.74B v $5.61Be; -0.7% afterhours -
Forex Trading News
Forex Research
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
here.
Forex News
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
RSS News Feed
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
