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Thursday September 4, 2014 - 05:17:49 GMT
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TradeTheNews.com Asian Market Update: BOJ cuts view on housing investment; Australia trade deficit narrows - Source TradeTheNews.com

(JP) BANK OF JAPAN (BOJ) POLICY STATEMENT: REITERATES TO INCREASE MONETARY BASE AT ANNUAL PACE OF 60-70T (AS EXPECTED); Maintains overall economic assessment for 13th consecutive meeting; Vote unanimous- (AU) AUSTRALIA JULY TRADE BALANCE (A$): -1.4B V -1.8BE (4th consecutive deficit, smallest deficit in 3 months) - (AU) AUSTRALIA JULY RETAIL SALES M/M: 0.4% V 0.4%E - (NZ) NEW ZEALAND AUG QV HOUSE PRICES Y/Y: 6.9% V 7.6% PRIOR (smallest rise since Mar 2013) - (KR) South Korea Q2 Final GDP Q/Q: 0.5% v 0.6% prelim; Y/Y: 3.5% v 3.6% prelim - (BR) BRAZIL CENTRAL BANK (COPOM) LEAVES SELIC TARGET RATE UNCHANGED AT 11.00%; AS EXPECTED ***Index Snapshot (as of 03:30 GMT)***- Nikkei225 -0.2%, S&P/ASX -0.3%, Kospi +0.2%, Shanghai Composite -0.1%, Hang Seng -0.3%, Sept S&P500 flat at 1,998***Commodities/Fixed Income/Currencies***- Dec gold +0.2% at $1,273/oz, Oct crude oil -0.4% at $95.15/brl, Dec copper +0.4% at $3.15/lb- (US) API PETROLEUM INVENTORIES: CRUDE: -0.5M (smallest draw in 3 weeks) v -1Me, GASOLINE: +0.4M v -1.5Me, DISTILLATE: +0.4M v -0.5Me - SLV: iShares Silver Trust ETF daily holdings fall to 10,363 tonnes from 10,371 tonnes prior (first decline since Aug 4th) - GLD: SPDR Gold Trust ETF daily holdings falls 2.7 tonnes to 790.5 tonnes; Lowest level since June 29th - (CN) PBoC to drain CNY15B in 14-day repos (12th consecutive drain); Injects net CNY7B this week v injected CNY45B prior (4th consecutive week of injection) - (JP) Japan investors bought net 503.7B in foreign bonds v sold net 608.4B in prior week; Foreign Investors sold net 110.7B in Japan stocks v bought net 173.1B in prior week ***Market Focal Points/Key Themes***- Despite expectations of a more upbeat policy statement cheerleading Japan's economic resilience, the Bank of Japan largely stuck to the familiar script. For the 13th consecutive meeting, the BOJ kept its overall assessment unchanged that economy continued to recover moderately as a trend. BOJ also affirmed its assessment of exports, investment, employment, consumption, and inflation, while lowering its view on housing to state the decline in housing investment following front-loaded increase has continued. Also of note out of Japan, earlier Nikkei report indicating Japan Economic Council may push forward its regular meetings to as early as Sept 16th from previously scheduled Oct to allow for more deliberation regarding the next round of sales tax increases. USD/JPY hit its lows after the BOJ but still remained within a 20-pip 101.75-95 range for the session.- Australia economic data for July were mixed. Growth in retail sales at 0.4% m/m was in line with consensus but slower than 0.6% prior. Terms of trade were in deficit for the 4th straight month, albeit narrower than anticipated. Exports rose 1% m/m and imports were flat. Shipments to China fell about 10% to A$7.6B, iron ore exports were up slightly, while coal shipments were little changed. AUD/USD briefly rose above $0.9360 after trade figures before retreating below $0.9350. - Shares of Yum Brands were down 3.5% in extended session, warning about significant negative impact related to poor food handling in China. Q3 SSS are expected to fall 13% after rising 15% in Q2.***Equities***Market Snapshot (as of 03:30 GMT):US markets: - MITK: USAA and Mitek Settle Lawsuit; +70.5% afterhours- BOLT: To be acquired by Teledyne at $22/shr in cash valued at $171M; +34.8% afterhours- TIBX: Announces review of strategic alternatives; +10.3% afterhours- PVH: Reports Q2 $1.51 v $1.43e, R$1.98B v $1.99Be; +7.8% afterhours- HRB: Reports Q1 -$0.40 v -$0.41e, R$134M v $129Me; +3.0% afterhours- YUM: Sees China Q3 SSS -13%; cites significant negative impact from bad publicity about food handling by supplier Shanghai Husi - filing; -3.5% afterhours- AVAV: Reports Q1 -$0.16 v -$0.08e, R$51.9M v $49.4Me; -6.4% afterhours- GNE: Considering Alternative Ways Forward for Oil Shale Pilot Project in Israel; -8.8% afterhours- MTRX: Reports Q4 $0.28 v $0.37e, R$344.4M v $357Me; -15.3% afterhours Notable movers by sector:- Consumer Discretionary: 361 Degrees 1361.HK +4.0% (strategic alliance with Baidu); Wotif.com Holdings WTF.AU -5.7% (regulator update)- Financials: China Vanke 2202.HK +3.2%, Poly Real Estate 600048.CN +1.0% (property developers allowed to issue bonds); BJ Capital Land 2868.HK +3.9% (Aug sales result); Hulic 3003.JP +0.3% (comments from President)- Materials: Panoramic Resources PAN.AU +4.9% (FY15 production guidance)- Technology: SK Hynix 000660.KR +1.5% (press speculation on DRAM production); Samsung Electronics 005930.KR +1.9% (unveils products) - Source TradeTheNews.com

 

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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.

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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
Thu 23 Nov
US/JP- Holiday
All Day flash PMIs
13:30 CA- Retail Sales
Fri 24 Nov
All Day flash PMIs
09:00 DE- IFO Survey
US- Early Closes

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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


John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

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