Forex News Blog
Back to The Headlines
Share This Story
TradeTheNews.com Asian Mid-session Update: China CPI underwhelming as investors look ahead to MSCI decision - Source TradeTheNews.com
- (CN) CHINA MAY CPI Y/Y: 1.2% V 1.3%E; 4-month low - (CN) CHINA MAY PPI Y/Y: -4.6% V -4.5%E; 39th straight month of decline - (JP) JAPAN MAY MONEY STOCK M2 Y/Y: 4.0% (15-month high) V 3.6%E; M3 Y/Y: 3.3% V 3.0%E - (AU) AUSTRALIA MAY NAB BUSINESS CONFIDENCE: 7 (9-month high) V 3 PRIOR; CONDITIONS: 7 (7-month high) V 4 PRIOR - (AU) AUSTRALIA MAY ANZ JOB ADVERTISEMENTS M/M: 0.0% V 2.5% PRIOR - (AU) AUSTRALIA APR HOME LOANS M/M: +1.0% V -2.0%E - (NZ) NEW ZEALAND MAY QV HOUSE PRICES: 9.0% V 8.3% PRIOR; 15-month high - (NZ) NEW ZEALAND Q1 MANUFACTURING ACTIVITY Q/Q: -2.8% V -1.0% PRIOR; MANUFACTURING ACTIVITY VOLUME Q/Q: -0.3% V 0.6% PRIOR - (NZ) New Zealand MAY ANZ Heavy Truckometer m/m: -1.1% v -0.5% prior (4 consecutive month of decline) - (UK) UK MAY BRC SALES LFL Y/Y: 0.0% V +1.2%E ***Index Snapshot (as of 02:30 GMT)***- Nikkei225 -0.7%, S&P/ASX +0.3%, Kospi +0.1%, Shanghai Composite -0.2%, Hang Seng -0.7%, Jun S&P500 +0.1% at 2,080***Commodities/Fixed Income***- Aug gold +0.1% at $1,175/oz, Jul crude oil +0.5% at $58.40/brl, Jul copper +0.2% at $2.70/lb- (CN) PBoC won't conduct open market operations (OMO) in today's session (15th consecutive halt) - (AU) Australia MoF (AOFM) sells A$200M in 2025 indexed Bonds; avg yield: 0.6870%; bid-to-cover: 3.62x ***Market Focal Points/FX***- Asian indices traded mixed, with Shanghai Composite once again rolling over going into its midday break. After last week's near-9% gains and yesterday's rally, caution abounds, particularly as investors await the decision on whether MSCI will will include China 'A' shares in its Emerging Markets Index. Note that the inclusion could also be partial or full. China inflation figures out at the open of trade should keep the PBoC easing bias intact. Consumer price index retreated to a 4-month low of 1.2%, and even food component slowed to 1.6% from 2.7%. YTD, CPI of 1.3% remains well below the official forecast of 3% for 2015. - Australia's S&P/ASX traded about 20points on either side of 5,500. Economic datapoints were largely mixed, with a rise in NAB Business Confidence to a 9-month high countered by softer ANZ job ads data. ANZ economist said the "slightly weaker result is in line with relatively soft confidence across both the household and business sectors", adding the consumer confidence "remains below long-term average levels, weighed down by elevated unemployment and a soft labour market."- In Japan, Econ Min Amari tempered enthusiasm over the optimism related to yesterday's better than expected GDP data, noting the Q1 pace of growth is not sustainable. Amari heeded close monitoring of CAPEX component. On currency, he noted it was important for FX to move in line with fundamentals in a stable manner. - Trading in USD majors was also generally rangebound after a very volatile US session where US Pres Obama had to quash the rumors that he made remarks over his preference for weaker dollar. USD/JPY traded about 15pips on both sides of 124.50, while AUD/USD was in a 40pip range around $0.77 with little reaction to either China inflation or Australia economic data. Ahead of the RBNZ decision later this week, NZD/USD was on the back foot with a 40pip drop toward $0.71, with fixed income markets tipping slightly in favor of a rate cut.***Equities***US equities / ADRs:- FCAU: Said to be working with activist hedge funds to convince GM of merger - financial press; +4.8% afterhours- PLAY: Reports Q1 $0.46 v $0.37e, R$222.7M v $216Me; +3.8% afterhours- PG: Henkel & Co and Coty make binding offers to buy P&G's beauty business, potentially valuing assets at up to $12B; +0.2% afterhours- FDX: *RAISES DIVIDEND 25% to $0.25/shr from $0.20/shr (implied yield 0.5%); +0.2% afterhours - NEM: Intends to purchase Cripple Creek & Victor Mine in Colorado for $820M in cash from AngloGold Ashanti; -1.3% afterhours- NBIX: Provides Update on NBI-77860 Program for Congenital Adrenal Hyperplasia; FDA place program on partial clinical hold; -5.0% afterhoursNotable movers by sector:- Consumer discretionary: Bright Dairy & Food 600597.CN +10.0% (private placement); Recall Holdings REC.AU +3.1% (acquisition)- Financials: Guotai Junan International Holdings 1788.HK -2.4% (to tighten margin trade); CITIC Securities 6030.HK -3.5% (issue new H shares); Agile Property Holdings 3383.HK -0.6% (May result)?China Merchants Securities Co 600999.CN -1.8% (approval to issue H shares)?Evergrande Real Estate Group 3333.HK -0.4% (May result); Industrial Bank Co 601166.CN -1.9% (branch manager illegal fundraising); Poly Real Estate Group Co 600048.CN -1.5% (May result)- Industrials: Hyundai Motor Co 005380.KR +0.7% (seeks to cut costs); CRRC 601766.CN -5.9% - Technology: HTC Corp: 2498.TW -10.0% (lowers guidance); Taiwan Semiconductor Manufacturing 2330.TW +0.7% (guidance); Mesoblast Ltd MSB.AU -2.8% (Phase 2 trial result); Skyworth Digital 751.HK +1.7% (May result); Hundsun Technologies Inc 600570.CN +10.0% (acquisition)- Materials: Newcrest Mining NCM.AU -0.9% (reaffirms guidance) - Source TradeTheNews.com
Forex Trading News
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
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."
Actionable trading levels delivered to YOUR charts in real-time.
Register To Test Your Amazing Trader
GVI Trading. Potential Price Risk Scale
Mon 10 Sep 2018
AA: Major, A: High, B: Medium
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan
John M. Bland, MBA
co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Start trading with forex broker Markets Cube
Max McKegg's Daily Forex Trading Forecasts
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.
Request a TRIAL of Max's Forex Service.