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Wednesday October 8, 2014 - 05:34:18 GMT
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TradeTheNews.com Asian Market Update: AUD sinks on downward revision in jobs data; Shanghai Composite returns for trade ***Economic Data*** - Source TradeTheNews.com

- (CN) CHINA SEPT HSBC SERVICES PMI: 53.5 V 54.1 PRIOR - (JP) JAPAN AUG CURRENT ACCOUNT: 287B V 200BE; ADJ CURRENT ACCOUNT: 131B (5th straight surplus) V 187BE; TRADE BALANCE: -832B V -771BE - (PH) PHILIPPINES SEPT CPI M/M: 0.1% V 0.2%E; Y/Y: 4.4% V 4.5%E; CORE CPI Y/Y: 3.4% V 3.3%E - (UK) UK SEPT BRC SHOP PRICE INDEX Y/Y: -1.8% (17th month of decline) V -1.6% PRIOR ***Index Snapshot (as of 02:30 GMT)***- Nikkei225 -1.5%, S&P/ASX -0.7%, Kospi flat, Shanghai Composite -0.1%, Hang Seng -0.8%, Dec S&P500 +0.1% at 1,929***Commodities/Fixed Income***- Dec gold +0.1% at $1,213/oz, Nov crude oil -0.4% at $88.52/brl, Dec copper flat at $3.03/lb- (US) API PETROLEUM INVENTORIES: CRUDE: +5.1M (largest build since April 15th) v +2Me, GASOLINE: +2.5M v -1Me, DISTILLATE: -1.1M v -1Me - (CN) PBoC sets yuan mid point at 6.1493 v 6.1525 prior setting (1st firmer Yuan setting since Sept 23rd) - (AU) Australia MoF (AOFM) sells A$700M in 4.25% 2026 Bonds; Avg yield: 3.4582%; Bid-to-cover: 3.83x - JGB: (JP) Japan MoF sells 500B in 0.1% 10-year CPI-linked Bonds; Bid-to-cover ratio 2.11x v 2.54x prior ***Market Focal Points/Key Themes/FX***- YUM missed Q3 top-line consensus, with China-driven weakness (SSS -14% v -13% guidance) weighing on earnings. After an initial extended session dip, shares were modestly higher, as investors take solace in CEO commentary forecasting "continued solid sales and profit growth at our KFC division."- Shanghai Composite returned for trade after a week-long break, rising to new 18-month highs on the heels of property market support from monetary authorities. Entering its midday break, the index was up 0.3% at 2,370. Investors cheered press speculation the PBoC could expand targeted rate cuts while shrugging the HSBC Services PMI sliding from last month's 17-month high. China Commerce Ministry also estimated retail sales rising 12% y/y during the National Day holiday break.- In Japan, GPIF panel adviser Ito said 20-25% of assets should be dedicated to Japan stocks, forecasting the portfolio change announcement to come some time in December. USD/JPY fell to 3-week lows below 107.80 before bouncing back to 108.40 late in the session.- Ahead of tomorrow's release of Australia employment data, the Stats Bureau announced it was stripping out the "seasonal factors" that yielded a 36-year high net change in the August data. That figure has now been released lower from 121K to 32K, weighing on AUD/USD as it fell about 60pips from the high below $0.8770.***Equities***US markets:- YUM Reports Q3 $0.87 (adj) v $0.86e, R$3.35B v $3.46Be; +1.0% afterhours- AGN: Valeant, Pershing Square (Ackman) said to be raising bid for Allergan by $15/shr - financial press; +1.2% afterhours - KRFT Increases quarterly dividend 5% to $0.55 from $0.525; +0.4% afterhours- SAVE Reports Sept load factor 81.5% v 84.7% y/y; Q3 op margin to be in lower half of prior guidance filing; -3.2% afterhours- TILE Guides Q3 $0.12-0.14 (ex items) v $0.26e, R$250-255M v $272Me; approves 500K share buyback program (0.7% of shares outstanding); intends to redeem notes; -17.9% afterhoursNotable movers by sector:- Utilities: Chubu Electric Power 9502.JP +1.1% (to launch jv with Tepco)- Technology: Asahi Glass [5201.JP] -2.1% (speculation of 9-mo result); Lenovo Group 992.HK -1.2% (extend jv with NEC); HTC Corp 2498.TW -0.4% (speculation to halt wearable computing devices)- Financials: Greentown China 3900.HK +1.2% (Sept operating results)- Customer discretionary: McDonald's Holdings 2702.JP -0.9% (FY14 guidance), Toho Co 9602.JP +2.9% (H1 guidance), Lawson Inc 2651.JP -0.8% (H1 results), Skyworth Digital 751.HK -0.7% (Sept results)- Healthcare: CSL Limited CSL.AU -0.5% (expansion in Melbourne) - 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
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EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




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