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Thursday July 18, 2013 - 06:26:38 GMT
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TradeTheNews.com Asian Market Update: China backs away from gradual yuan appreciation as property prices continue to rise - Source TradeTheNews.com

***Economic Data*** - (CN) CHINA JUN NEW HOME PRICES M/M: RISES IN 63 OF 70 CITIES VS 65 PRIOR; Y/Y: PRICES RISES IN 69 OF 70 CITIES VS 69 PRIOR - (AU) AUSTRALIA MAY CONFERENCE BOARD LEADING INDEX: 0.0% V 0.3% PRIOR - (AU) AUSTRALIA JUN RBA FOREIGN EXCHANGE TRANSACTIONS (A$): 993M V 490M PRIOR - (AU) AUSTRALIA Q2 NAB BUSINESS CONFIDENCE: -1 V +2 PRIOR; Conditions: -4 v -3 prior - (NZ) NEW ZEALAND JUL ANZ CONSUMER CONFIDENCE INDEX: -3.3% V +0.2% PRIOR; ANZ CONSUMER CONFIDENCE: 119.8 V 123.9 PRIOR - (NZ) NEW ZEALAND JUN ANZ JOB ADVERTISEMENTS M/M: 0.0% V -1.4% PRIOR - (CO) Colombia May Trade Balance: $315.4M v $36.8M prior; Imports: $5.2B v $5.2B prior ***Markets Snapshot (as of 03:30 GMT)*** - Nikkei225 +0.6% - S&P/ASX +0.3% - Kospi -0.5% - Shanghai Composite -0.2% - Hang Seng flat - Sept S&P500 -0.2% at 1,673 - Aug gold flat at $1,279 - Aug crude oil -0.1% at $106.43/brl ***Observations/Insights/Currencies*** - Earnings season picking up, with eBay and Intel falling in extended session after missing expectations; Sandisk sharply higher on strong results and upgrade on FY outlook. - USD rises for the second consecutive session after some retreat in late US hours; USD/JPY above 100 (+40pips), EUR/USD falls 30pips below $1.31, AUD/USD down about 80pips below $0.9170. >- China mulling a measure to support exporters later this month; In the mean time, PBoC setting yuan at weakest level in over a week. - China property market stay hot; y/y price rising 6.8% - 6th consecutive month of increase - despite govt curbs. - Japan cabinet official proposes postponing consumption tax increase by 1 year. - Australia's treasurer Bowen acknowledging the end of China resources boom; Expects investment to peak in current FY. - In Europe: Greece passes austerity legislation; ECB's Asmussen sees no rise in German inflation; Traders look ahead to 10-year auction in Spain later today amid the rising political uncertainty. ***Fixed Income/Commodities*** - (CN) PBoC sets yuan mid point at 6.1720 v 6.1353 prior close (weakest setting since July 8th) - (JP) BOJ offers to buy 200B in 1-3 yr JGBs, 300B in 3-5 yr JGBs, and 200B in over 10-yr JGB - GLD: SPDR Gold Trust ETF daily holdings fall by 1.5 tons to 936.1 ton (lowest since 935.1 tons in Feb of 2009) - (CN) PBoC not conducting open market operations in today's session; For the week, PBoC said to be injecting CNY160B into money markets ***Speakers/Political/In the Papers*** - (CN) China Academy of Social Sciences (CASS) researcher Zhang: China may postpone property tax trial program nationwide - Chinese press - (CN) Some China local govts have difficulty to achieve economic growth targets - Chinese press - (CN) China may increase credit support for exporters to boost trade - Chinese press - (CN) Fitch gives China Rebalancing & Corporate Update; Sees GDP of 7.0-7.5% from 2013-2015 - (CN) China Banking Regulatory Commission (CBRC) vice chairman Yan: China should maintain prudent and proactive monetary policy in H2 - financial press - (CN) PBoC research head Ji: sees China GDP 7.0-7.5% as moderate - Chinese press - (JP) Japan Dep Econ Min Nishimura: Upper house election will support govt policies; expresses confidence that Japan will defeat deflation - (JP) Japan cabinet expected to raise Economic Assessment for third consecutive month in July - Japanese press - (JP) According to China FDI data, Japan investment in China rose 14% y/y in H1 to $4.69B - Nikkei News - (AU) S&P affirms Australia sovereign rating at AAA; Outlook Stable - (AU) Australia Treasurer Bowen: Domestic economy is strong, resilient; growth will not 'fall off a cliff' - (NZ) According to the latest outlook from BNZ, fixed and floating mortgage rates are expected to start rising in the past year - NZ press - (HK) According to Hong Kong Property, home prices could decline as much as 45% in the next 3-5 years amid higher tax, interest rates and weaker outlook - financial press - (ID) Citi cuts Indonesia 2013 GDP forecast to 6.0% from 6.1% prior, Cuts 2014 GDP forecast to 6.1% from 6.3% prior - (US) US Senate reaches deal to lower student loan rates - financial press - (US) House of Representatives votes to delay US Health Care law employer requirement - financial press - (GR) Greece parliament passes Public Sector Reforms Bill to secure further bailout aid - financial press ***Equities*** - IBM: Reports Q2 $3.91 v $3.70e, R$24.9B v $25.3Be; raises FY13 forecast; +2.6% afterhours >- INTC: Reports Q2 $0.39 v $0.40e, R$12.8B v $12.9Be; Cuts FY13 guidance; -3.5% afterhours - EBAY: Reports Q2 $0.63 v $0.63e, R$3.88B v $3.89Be; -5.9% afterhours - AXP: Reports Q2 $1.27 v $1.21e, R$8.24B v $8.24Be; -1.0% afterhours - STLD: Reports Q2 $0.13 v $0.13e, R$1.80B v $1.79Be; -0.4% afterhours - SNDK: Reports Q2 $1.21 v $0.93e, R$1.48B v $1.40Be; +6.7% afterhours - DLZ: Pepsico said not planning to acquire company at Peltz's suggestions; +3.1% afterhours - DELL: Activist investor Icahn: feel pretty good about the Dell vote tomorrow; need to let the shareholders speak (CNBCs Delivering Alpha); +0.2% afterhours - SFR.AU: Reports quarterly copper production 14.3KT and gold production 11.3Koz - WOW.AU: Raises FY continuing operations net growth target to 5-6% v 4-6% prior - WPL.AU: Reports Q2 Rev $1.35B v $1.4Be; production at 20Mmboe v 21Me, -0.6% y/y - AZJ.AU: Affirms FY13 guidance coal tons hauled 193.7MT, in line with 192-195MT target - NCM.AU: Affirms FY13 copper production 75-85KT and gold production 2.0-2.15M oz - NSW Mineral Exploration and Investment Conference - ASB.AU: Raises FY13 Net profit guidance to $35-40M from $23-26 prior - TEPCO 9501.JP: Reports of vapor said to be emanating from Fukushimia Daichi facility - financial press - Sharp 6753.JP: May report a smaller Q1 op loss because of better than expected solar cell sales - Japanese press - TDK 6762.JP: May report Q1 op profit around 5B v 9.2B y/y amid poor sales of HDD magnetic heads; Rev expected to rise about 15% to 240B due to weaker JPY - Nikkei News - Marubeni 8002.JP: Marubeni and Mitsubishi Estate to invest about 30B to build some 1.2K condos in inland China - Nikkei News - Nippon Steel 5401.JP: To mass produce seamless pipes in Brazil (first mass production abroad) - Nikkei News - Toshiba 6502.JP: Elpida and Toshiba to invest to expand capacity to manufacture chips for smartphones for the first time in approx two years - Nikkei News - Source TradeTheNews.com

 

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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."



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Amazing Trader EVENT RISK Calendar:


Tue 21 Nov
15:00 US- Existing Homes Sales
23:00 US- Yellen Speech
Wed 22 Nov
13:30 US- Weekly Jobless
13:30 US- Durable Goods
15:00 US- final University of Michigan Survey
15:30 US- EIA Crude
19:00 US- FOMC Minutes
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Fri 24 Nov
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  • POTENTIAL PRICE RISK: HIGH Mon -- 14:00 GMT EZ- Draghi speaks in Brussels. Looking for any policy hints or bias


  • POTENTIAL PRICE RISK: HIGH Tue -- 13:30 GMT US- Existing Homes Sales. Top Housing Statistic

  • POTENTIAL PRICE RISK: HIGH Tue -- 23:30 GMT US- Yellen Speech. Early evening. Looking for anything on policy


  • POTENTIAL PRICE RISK: Medium Wed -- 13:30 GMT US- Weekly Jobless, Durable Goods
  • POTENTIAL PRICE RISK: Medium Wed -- 15:00 GMT US- final University of Michigan Survey
  • POTENTIAL PRICE RISK: Medium Wed -- 15:30 GMT US- EIA Crude
  • POTENTIAL PRICE RISK: HIGH Wed -- 19:00 GMT US- FOMC Policy Minutes. Key policy release


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