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01-12-2017, 10:02 PM, (This post was last modified: 01-17-2017, 10:02 PM by ArianTechTrade.)
#1
resim

Asia Roundup: Antipodeans hit 1-month high, dollar eases as Trump fails to elaborate economic policies, Asia shares near 11-week peak – Thursday, January 12th, 2017

Market Briefs
  • Japan Chief CabSec Suga– Japan active investment source of US-Japan vitality, Americans aware Japan firms good corporate citizens – Reuters.
     
  • MoF Dec flow data – Japanese sell net Y273.3 bln foreign stocks, Y1.8571 trln bonds, Y1.348 trln bills; foreign investors buy net Y589.6 bln Japanese stocks, sell Y123.2 bln JGBs, buy Y2.0319 trln bills.
     
  • Japan Nov c/a surplus Y1.4155 trln, Y1.5 trln forecast, Oct surplus Y1.7199 trln.
     
  • Japan Dec bank loans +2.6% y/y to Y509.555 trln, Nov +2.4%, Sept +2.4%.
     
  • Japan Dec economy watchers’ survey service worker DI -0.4 to 51.4, still 50+.
     
  • Toyota Pres Toyoda meets with US VP-elect Pence in Washington, DC – Kyodo.
     
  • NAB marketing 7-year samurais, Daiwa-SMBC Nikko leads – IFR.
     
  • AFLAC to sell multi-tranche JPY bonds via BAML, Mizuho, MS, SMBC Nikko – IFR.
     
  • China NDRC Xu – Economy stable, continuing momentum up, internal-external complexities still – Reuters.
     
  • China NDRC approves $26.5 bln fixed-asset investment in December – Reuters.
     
  • China Commerce Min – Challenging, complicated trade outlook for ’17 –Reuters.
     
  • New Zealand Dec ANZ commodity price index +0.7% m/m,+16.5% y/y, dairy-driven rise.

More Info : http://www.firewoodfx.com/post/4046/asia-roundup-antipodeans-hit-1-month-high-dollar-eases-as-trump-fails-to-elaborate-economic-policies-asia-shares-near-11-week-peak-thursday-january-12th-2017/

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01-13-2017, 11:14 PM,
#2
Asia Roundup: Antipodeans hold gains near 4-week high, dollar rebounds following Fed Harker's hawkish remarks, Asian shares edged down – Friday, January 13th, 2017

Market Roundup
  • FOMC Chair Yellen – US economy doing well, no short-term obstacles – Reuters.
     
  • Fed officials see a quick economic boost from Trump, risks to follow – Reuters.
     
  • US banks ready bond issuance flood after earnings – IFR.
     
  • Foreign CB US debt holdings -$213 mln to $3.181 trln Jan 11 week, Treasury holdings +$520 mln to $2.861 trln, agencies -$681 mln to $260.720 bln.
     
  • NY Fed – Swaps with foreign CBs $2.626 bln Jan 11 wk, BoJ $491 mln, rest ECB.
     
  • Lipper – US investment-grade bond fund inflows biggest in nearly two years.
     
  • Japan FinMin Aso – Can’t comment on Trump border tax idea, difficult to comment on Trump talk due to market sensitivity, half of US trade deficit with China, Japan’s surplus smaller – Nikkei.
     
  • EconMin Ishihara – Watching closely for rapid JPY rises – Reuters.
     
  • Just the facts: Japan seeks a way out of Trump’s bad books on trade – Reuters.
     
  • BoJ Insight: Worry over Trump disappointment hit to stocks, USD – MNI.
     
  • MoF flow data week-ended Jan 7 – Japanese buy net Y234.2 bln foreign stocks, Y206.5 bln bonds, Y10.6 bln bills; foreign investors buy net Y346.8 bln Japanese stocks, Y626.1 bln bonds, Y3.8794 trln bills.
     
  • Japan Dec money supply M2 +4.0% y/y, M3 +3.4%, broadest liquidity +2.1%.
     
  • As global headwinds blow, Japan’s conglomerates think local – Nikkei.
     
  • PBOC said to boost CNY curbs as banks told to balance flow – Bloomberg.
     
  • China Dec trade surplus $40.82 bln, $46.5 bln forecast, Nov $44.61 bln, exports -6.1% y/y, imports +3.1%, -3.5% and +2.7% forecast; ’16 surplus $509.96 bln, exports -7.7%, imports -5.5%.
     
  • China ’16 trade surplus CNY3.35 trln, exports -2.0% y/y, imports +0.6%; Q4 imports +8.7% y/y, exports +0.3%; trade situation still facing difficulties, supportive policies-improved overseas demand helped, China biggest loser in anti-globalization trend, new US president may aggravate the situation.
     
  • China ’16 coal imports jump 25.2%, iron ore +7.5%, at record 1.024 bln tonnes, Dec -3.3%, Dec crude imports +12.5% m/m, oil product exports highest on record, Dec soybean imports highest since Dec ’15.
     
  • New Zealand Dec electronic card retail sales -0.1% m/m, +5.8% y/y.
     
  • Auckland makes euro debut with E500 mln 10-year via USB, Westpac et al – IFR.

More Info : http://www.firewoodfx.com/post/4052/asia-roundup-antipodeans-hold-gains-near-4-week-high-dollar-rebounds-following-fed-harkers-hawkish-remarks-asian-shares-edged-down-friday-january-13th-2017/
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01-17-2017, 10:02 PM,
#3
Asia Roundup: Antipodeans hover towards 1-month highs, yen near 6-week peak against dollar on Trump protectionism concerns, investors cautiously await PM May's Brexit speech – Tuesday, January 17th, 2017

Market Roundup

  • Theresa May to lay out clean break from EU – Financial Times.
     
  • Britain will not seek half in-half out EU deal – Reuters.
     
  • May prepares EU migration curbs, at expense of single market membership – FT.
     
  • Asked about GBP, BoE Gov Carney says it moves up and down – Reuters.
     
  • BoE Gov Carney – UK expansion increasingly consumption-led, likely slower, households looking through Brexit-related uncertainties, MPC willing to tolerate above-target inflation with limits – Reuters.
     
  • IMF – Trump presidency and China growth boost global outlook.
     
  • Japan EconMin Ishihara – Recent market moves reflect global economic uncertainties – Reuters.
     
  • BPCE updates guidance on three-tranche samurai via Daiwa, Mizuho, et al -IFR.
     
  • China CASS Yu – Free-floating CNY nothing to fear – Shanghai Securities News.
     
  • China to lower ’17 growth target to around 6.5% – Reuters.
     
  • Mexico CB DepGov Guzman – FX intervention remains in toolkit – Reuters.
     
  • ECB prints money at record pace amid bank bonds bonanza – Reuters.
     
  • European bond trading falls 3.7% in ’16 despite US election surge – Trax.
     
  • Australia Nov owner-occupied housing finance +0.9% m/m, as forecast, value of investment housing finance +4.9%.
     
  • Australia Dec new vehicle sales +0.3% m/m, Nov -0.7%, ’16 sales look to be record with 1.18 mln units sold, SUVs take record 37% share.
     
  • New Zealand Q4 business confidence +28%, capacity utilization 92.7%, Q3 +26%, 92.5%, confidence at two-year high.
     
  • New Zealand Dec REINZ median house prices +0.4% m/m, +11.8% y/y, Auckland cools.

More Info : http://www.firewoodfx.com/post/4058/asia-roundup-antipodeans-hover-towards-1-month-highs-yen-near-6-week-peak-against-dollar-on-trump-protectionism-concerns-investors-cautiously-await-pm-mays-brexit-speech-tuesday-january-17/
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01-18-2017, 10:15 PM,
#4
Asia Roundup: Antipodeans hover towards 1-month highs, yen near 6-week peak against dollar on Trump protectionism concerns, investors cautiously await PM May's Brexit speech – Tuesday, January 17th, 2017

Market Roundup

  • Theresa May to lay out clean break from EU – Financial Times.
     
  • Britain will not seek half in-half out EU deal – Reuters.
     
  • May prepares EU migration curbs, at expense of single market membership – FT.
     
  • Asked about GBP, BoE Gov Carney says it moves up and down – Reuters.
     
  • BoE Gov Carney – UK expansion increasingly consumption-led, likely slower, households looking through Brexit-related uncertainties, MPC willing to tolerate above-target inflation with limits – Reuters.
     
  • IMF – Trump presidency and China growth boost global outlook.
     
  • Japan EconMin Ishihara – Recent market moves reflect global economic uncertainties – Reuters.
     
  • BPCE updates guidance on three-tranche samurai via Daiwa, Mizuho, et al -IFR.
     
  • China CASS Yu – Free-floating CNY nothing to fear – Shanghai Securities News.
     
  • China to lower ’17 growth target to around 6.5% – Reuters.
     
  • Mexico CB DepGov Guzman – FX intervention remains in toolkit – Reuters.
     
  • ECB prints money at record pace amid bank bonds bonanza – Reuters.
     
  • European bond trading falls 3.7% in ’16 despite US election surge – Trax.
     
  • Australia Nov owner-occupied housing finance +0.9% m/m, as forecast, value of investment housing finance +4.9%.
     
  • Australia Dec new vehicle sales +0.3% m/m, Nov -0.7%, ’16 sales look to be record with 1.18 mln units sold, SUVs take record 37% share.
     
  • New Zealand Q4 business confidence +28%, capacity utilization 92.7%, Q3 +26%, 92.5%, confidence at two-year high.
     
  • New Zealand Dec REINZ median house prices +0.4% m/m, +11.8% y/y, Auckland cools.

More Info : http://www.firewoodfx.com/post/4058/asia-roundup-antipodeans-hover-towards-1-month-highs-yen-near-6-week-peak-against-dollar-on-trump-protectionism-concerns-investors-cautiously-await-pm-mays-brexit-speech-tuesday-january-17/
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01-19-2017, 09:21 PM,
#5
Europe Roundup: Sterling rises above 1.2300, Aussie hits 2-month high as dollar buying interest stalls, investors eye ECB meet and Draghi's presser – Thursday, January, 19th, 2017

Market Roundup

  • USD/JPY +0.09%, GBP/USD +0.01%, EUR/USD +0.003%
     
  • DXY +0.24%, DAX -0.16%, Brent +0.8%, Gold -0.09%
     
  • EZ Nov NSA Current Account 40.5bln vs previous, revised 32.6bln
     
  • EZ Nov SA Current Account 36.1bln vs previous, revised 28.3bln
     
  • EZ Nov Net Investment Flow -6.3bln vs previous, revised 68.0bln
     
  • UK Dec RICS house price balance +24, +30 eyed, Nov +29, 1st fall since July
     
  • Switzerland Dec producer prices flat y/y vs -0.6% previous. 0.2% vs 0.1% m/m
     
  • PM May: Britain must face up to period of momentous change
     
  • May: Wants bold and ambitious trade agreement between UK & EU
     
  • Hammond: UK will 'find ways' to compete if no EU trade deal
     
  • Dijsselbloem: England will be totally outdated/impoverished, with massive unemployment
     
  • Germany Schaeuble: Will do best to make relationship btw EU/Britain as close as possible
[*]

More Info : http://www.firewoodfx.com/post/4065/europe-roundup-sterling-rises-above-1-2300-aussie-hits-2-month-high-as-dollar-buying-interest-stalls-investors-eye-ecb-meet-and-draghis-presser-thursday-january-19th-2017/
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01-20-2017, 09:36 PM,
#6
Asia Roundup: Antipodeans rise on better-than-expected Chinese GDP figures, dollar declines following Fed Yellen's less hawkish remarks, Asian shares down – Friday, January 20th, 2017

Market Roundup

  • MC Chair Yellen – Unwise-risky to allow the economy to run persistently hot, prudent to adjust policy gradually, Fed not behind curve, policy stance still modestly accommodative, fiscal policy may affect outlook, data impact on policy decisions limited, in favor of Fed dual mandate, independence.
     
  • SF Fed Williams (non-voter) – Makes sense for Fed to take foot off ease pedal given economic progress, lots of uncertainty but not elevated, eyes gradual pace of hikes but ready to reassess on new information – Reuters.
     
  • Japan FinMin Aso – Won’t fret about every up-down move in currencies, rapid fluctuations undesirable, will stick with plan to achieve budget balance, will communicate with new US administration on currency stability – Reuters.
     
  • BoJ DepGov Nakaso – Japan financial system stable, will continue to take steps to ensure market liquidity, USD funding especially vulnerable –Reuters.
     
  • PM Abe advisor Hamada – Japan should push back if Trump takes “wrong” economic policies, should intervene in FX if USD plunges 7-8/day – Reuters.
     
  • Japan business mood upon growth prospects, some wariness, Jan Mfg index +18, Non-Mfg +30, Dec +16, +19, Mfg index highest since Aug ’14, non-mpg since June ’15, Mfg index eyed at +16 in April, Non-Mfg +28.
     
  • BPCE prices Y142.7 bln three-tranche samurais via Daiwa, Mizuho et al – IFR.
     
  • EDG prices Y137 bln four-tranche samurais, via MUFJ/MS, Mizuho, SMBC – IFR.
     
  • Foreign CB US debt holdings -$11.917 bln to $3.169 trillion Jan 18 week, Treasury holdings -$11.338 bln to $2.850 trillion, agencies -$564 mln to $260.156 bln.
     
  • NY Fed – Swaps with foreign CBs $615 mln Jan 18 week, ECB $265/BoJ $350 mln.
     
  • Lipper – Investors pull $3.1 bln from US-based stock funds ahead of Trump.
     
  • China Q4 GDP +1.7% q/q, +6.8% y/y, +1.7% and +6.7% eyed, Q1 ’17 eyed at +1.3% q/q against prev +1.2% estimate, economy facing complex internal-external environment still, ’16 GDP +6.7%, on target.
     
  • China ’16 fixed asset investment slowest since ’99 at +8.1% y/y, +8.3% eyed.
     
  • China ’16 property investment +6.9% y/y, best in seven years.
     
  • China Dec industrial output +6.0% y/y, retail sales +10.9%, +6.1% and +10.7% eyed.
     
  • Australia Nov HIA new home sales +6.1%, houses +5.2%, apartments +9.3%.
     
  • S&P affirms NZ AA foreign currency/AA+ local ratings, outlook stable.
     
  • New Zealand Q4 Westpac/MM employee confidence index 112.7, best in 8 years, Q3 110.1.

More Info : http://www.firewoodfx.com/post/4068/asia-roundup-antipodeans-rise-on-better-than-expected-chinese-gdp-figures-dollar-declines-following-fed-yellens-less-hawkish-remarks-asian-shares-down-friday-january-20th-2017/
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01-23-2017, 11:02 PM,
#7
Asia Roundup: Antipodeans hover near multi-week highs, dollar declines following President Trump's inaugural speech, Asian shares gain – Monday, January 23rd, 2017

Market Roundup

  • Japan PM Abe – Wants Trump to recognize Japan firms’ contribution to US economy, new US president trustworthy – Reuters.
     
  • ChiefCabSec Suga – Will monitor the impact of US policies on Japan firms.
     
  • Reuters poll – Japan Inc plans no wage hike, wary about excess JPY weakening under Trump, protectionist backlash, red line is USD/JPY 125+.
     
  • China PBOC temporary liquidity support a new tool, sends neutral policy signal – Financial News.
     
  • Chinese banks told to issue USD-denominated debt – IFR.
     
  • China bond issuance hits CNY36 trillion in ’16 – Xinhua.
     
  • China end-’16 registered urban unemployment 4.02% – Xinhua.
     
  • British banks’ optimism hits crisis-era low on Brexit uncertainty – Reuters.
     
  • The UK seeks interventionist approach to drive post-Brexit industrial revival.

More Info : http://www.firewoodfx.com/post/4071/asia-roundup-antipodeans-hover-near-multi-week-highs-dollar-declines-following-president-trumps-inaugural-speech-asian-shares-gain-monday-january-23rd-2017/
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01-25-2017, 09:40 PM,
#8
Asia Roundup: Aussie slumps on downbeat inflation data, dollar recovers from recent lows, Asian shares hit 3-month peak – Wednesday, January 25th, 2017

]Market Roundup

  • US President Trump is ordering the construction of a Mexican wall and may unveil plans to curtail immigration from “terror-prone” nations – New York Times.
     
  • US Sen Schumer, top Senate Democrat, urges Trump to name China a currency manipulator – Reuters.
     
  • US asset managers seek delay on new variation margin rule – Reuters.
     
  • Japan Dec trade surplus Y641.4 bln, Y270.0 bln forecast, exports +5.4% y/y, imports -2.6%, +1.2% and -0.8% forecast, report much better than forecast, exports to US +1.3%, China +12.5%, Asia +12.0%, export to China biggest on record, export y/y rise first in 15-months.
     
  • Japan Dec crude import volume +3.0% y/y, LNG -6.5%, thermal coal -5.5%.
     
  • BoE Salmon – Expects further flash crashes in core global markets – Reuters.
     
  • ECB Lautenschlaeger – Should soon start discussing the exit from stimulus.
     
  • Australia Q4 CPI +0.5% q/q, +1.5% y/y, +0.7/+1.6% forecast; trimmed mean +0.4%, +1.6, +0.5/+1.7% forecast; weighted mean +0.4%, +1.5%, +0.5/+1.4% forecast; inflation subdued, rekindles rate cut hopes, JPM sees RBA cuts in May, August.
     
  • Australia Dec Westpac/MI leading index 97.54, Nov 97.11.

More Info : http://www.firewoodfx.com/post/4082/asia-roundup-aussie-slumps-on-downbeat-inflation-data-dollar-recovers-from-recent-lows-asian-shares-hit-3-month-peak-wednesday-january-25th-2017/
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01-30-2017, 08:45 PM,
#9
Asia Roundup: Dollar slumps on weaker-than-expected U.S. GDP and easing Treasury yields, crude oil weighed down by increasing output, Asian shares tumble – Monday, January 30th, 2017

Market Roundup

  • President Trump signs an executive order on the extreme vetting of refugees/immigration, will bar green card holders from 7 targeted countries from entering the US.
     
  • Trump confirms the importance of Japan-US alliance, economic-investment ties, discussed cars with PM Abe, to hold summit February 10 – Reuters.
     
  • Trump – 20% tax on Mexico imports certainly an option, tips something else could happen which would be much more positive – Reuters.
     
  • CFTC IMM CTA data – Specs cut net long USD bets to lowest since late October.
     
  • Japan Dec retail sales -1.7% m/m, +0.6% y/y, +1.3% y/y forecast.
     
  • Japanese government mulling 60-hour monthly cap on overtime – Kyodo.
     
  • BoI Visco – Government fund has room to recapitalize other banks after Monte Paschi – Reuters.
     
  • New Zealand Dec trade deficit NZ$41 mln, year-to-Dec NZ$3.2 bln deficit, Dec exports NZ$4.38 bln, imports NZ$4.42 bln.

More Info : http://www.firewoodfx.com/post/4092/asia-roundup-dollar-slumps-on-weaker-than-expected-u-s-gdp-and-easing-treasury-yields-crude-oil-weighed-down-by-increasing-output-asian-shares-tumble-monday-january-30th-2017/
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01-31-2017, 10:58 PM,
#10
Asia Roundup: Antipodeans near multi-week highs, yen gains following BoJ's stance, Asian shares decline on President Trump's policy concerns – Tuesday, January 31st, 2017

Market Roundup

  • BOJ keeps monetary policy steady – Reuters
     
  • BOJ maintains short-term interest rate target at -0.1 pct
     
  • BOJ maintains 10-year JGB yield target around zero pct
     
  • BOJ revises up its estimate on potential growth to around 0.5% from 0-0.5%
     
  • BOJ leaves unchanged pledge to buy JGB’s more or less at current pace so its holdings increase at annual pace of around 80 trillion yen
     
  • BOJ extends deadline for loan programme aimed at boosting lending, supporting industries with growth potential
     
  • BOJ: debt buying for loan programme extended by 1 year
  • BOJ quarterly report: Japan economy continues moderate recovery trend
     
  • BOJ quarterly report: risks to economy, prices tilted to downside
     
  • BOJ quarterly report: BOJ to maintain QQE with yield curve control until needed to stably achieve 2 pct inflation
     
  • Japan Dec industrial output rises 0.5 pct mth/mt – Reuters
     
  • Japan manufacturers see Jan output +3.0 pct m/m – Reuters
     
  • Japan manufacturers see Feb output +0.8% – Reuters
     
  • Japan Finmin Aso: G7/G20 make it rule that FX issues should be discussed by currency authorities – Reuters
     
  • Japan Finmin Aso: important to keep close communication on currencies with US –Reuters
     
  • Japan Finmin Aso: agree with general view that weak yen/strong dollar will continue for a while Reuters
     
  • Australia business conditions index in Dec at 11 from 5 previous – NAB
     
  • Australia business confidence at 6 from 5 – NAB
     
  • Australia Dec private sector credit +0.7% from +0.5% – RBA
     
  • Australia Dec housing credit +0.5% from +0.5 – RBA
     
  • New Zealand migration +11.1% from +11.0% prior- Stats NZ
     
  • New Zealand permanent/long term migration +6.1k after +6.2k prior-Stats NZ
     
  • Trump fires acting U.S. attorney general after she refuses to enforce immigration order – Reuters

http://www.firewoodfx.com/post/4095/asia-roundup-antipodeans-near-multi-week-highs-yen-gains-following-bojs-stance-asian-shares-decline-on-president-trumps-policy-concerns-tuesday-january-31st-2017/
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02-01-2017, 10:09 PM,
#11
Asia Roundup: Kiwi slumps following downbeat unemployment report, dollar steadies after declining on Trump devaluation comments, Asian shares subdued – Wednesday, February 1st, 2017

Market Roundup

  • Japan MoF Asakawa – Markets decide FX, Japan not manipulating, don’t know what Trump was referring to on FX policy, declines comment, Japan monetary policy solely aimed at beating deflation – Reuters.
     
  • FinMin Aso to explain Japan’s FX-monetary policy stance at February 10 meeting with US Pres Trump – Reuters.
     
  • ChiefCabSec Suga – Eyeing FX close with a sense of urgency, policy being conducted in line with G7/20 agreements, will respond appropriately against one-sided moves – Reuters.
     
  • PM advisor Hamada – US border tax would see USD appreciate, Trump arguments destructive to Japan, world economy – Reuters.
     
  • Ex-BoJ Momma – Next BoJ move to up JGB 10-year yield target, BoJ would be concerned if USD/JPY through 100, current level not a problem – Reuters.
     
  • Japan Jan PMI Mfg – final 52.7, flash 52.8, Dec final 52.4, January reading best in almost three years, new export orders 53.1, best in the year.
     
  • China Jan off'l Mfg PMI 51.3, 51.2 eyed, Dec 51.4; services 54.6, Dec 54.5.
     
  • South Korea may tolerate greater FX volatility in wake of Trump – Reuters.
     
  • BoC Gov Poloz – Whatever “normal” we arrive at will be new normal, Canada still some ways behind US economy, higher CAD headwind – Reuters.
     
  • Australia Jan AIG PMI 51.2, December 55.4, still expanding but slower pace.
     
  • Australia Jan CoreLogic home value index +0.7% m/m, +10.7% y/y.
     
  • New Zealand Q4 unemployment 5.2%, employment +0.8% q/q, participation 70.5%, LCI private-sector wages ex-overtime +0.4% q/q, +1.6% y/y, unemployment up from 4.9% in Q3, wage growth low, workers flooding market.
     
  • UK NIESR – Ups ’17 UK growth to +1.7% from +1.4%, ’18 +1.9%, ’17 CPI +3.3%, BoE first rate hike likely in mid-‘19.
     
  • ECB/Irish CB Lane – No “new London” after Brexit – Reuters.

More Info : http://www.firewoodfx.com/post/4098/asia-roundup-kiwi-slumps-following-downbeat-unemployment-report-dollar-steadies-after-declining-on-trump-devaluation-comments-asian-shares-subdued-wednesday-february-1st-2017/
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02-02-2017, 09:05 PM,
#12
Asia Roundup: Aussie gains on robust trade balance data, most Asian markets in red after FOMC disappointed investors hoping for a more hawkish policy stance – Thursday, February 02, 2017

Market Roundup

  • Australia December trade surplus A$3.511 bln, A$2.2 bln eyed, exports +5% m/m at  A$31.114 bln, imports +1% at A$28.630 bln, record surplus in December.
     
  • Australia December building approvals -1.2% m/m, -2.0% eyed, private-sector houses -1.6%,  fall less than eyed but trend negative for seven months now.
     
  • Japan pension mega-fund GPIF to invest in US infrastructure – Nikkei.
     
  • ChiefCabSec Suga – Denies GPIF considering investing in US infrastructure bonds, GPIF decides own investment policy, Abe-Trump talk agenda not yet decided – Reuters.
     
  • Japan PM Abe calls FX intervention an emergency option – Nikkei.
     
  • Japan PM Abe – No change in view FX restrictions should not be part of trade negotiations, no intervention during PM tenure, govt not in position to tell firms what to do (on meeting with Toyota’s Toyoda) – Reuters.
     
  • IMF Furusawa – Uncertainty over US growth projections due to new US administration, protectionism could affect Asia prosperity, markets increasingly volatile, China reliance on stimulus also a risk – Reuters.
     
  • MoF flow data week-ended Jan 28 – Japanese buy net Y124.9 bln foreign stocks, sell Y1.3593 trln bonds, buy Y7.9 bln bills; foreign investors sell net Y143.9 bln Japanese stocks, buy Y446.2 bln bonds, sell Y585.8 bln bills.   
     
  • EU document – Clearing, M&A face Brexit challenges – Reuters.
     
  • New Zealand January job adverts -0.2% m/m, +19.6% y/y, y/y rise highest in six years.

More Info : http://www.firewoodfx.com/post/4104/asia-roundup-aussie-gains-on-robust-trade-balance-data-most-asian-markets-in-red-after-fomc-disappointed-investors-hoping-for-a-more-hawkish-policy-stance-thursday-february-02-2017/
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02-03-2017, 09:14 PM,
#13
Asia Roundup: Antipodeans ease following worse-than-expected Chinese manufacturing PMI, dollar index recovers from 2-1/2 month lows, Asian shares down as PBoC hikes short-term rates – Friday, February 3rd, 2017

Market Roundup


  • BoJ Dec 19-20 Policy Board meeting minutes – Momentum towards 2% inflation goal maintained, recent JPY depreciation helpful only in short-run, yield curve control working, policy must remain easy to hit inflation target, inappropriate to think BoJ guiding JGB 10s in -0.1% to +0.1% range, BoJ to set amount of JGB buys as deemed fit, to decrease incrementally, policy to be in line with improvements to economic inflation prospects – Reuters.
     
  • PM Abe – Not considering use of GPIF for help in US infra investment.
     
  • FinMin Aso – Acting in accordance with G20 agreement against competitive currency devaluation, monetary policy has domestic objectives, not to manipulate currency, no comment on recent Trump remarks on Japan – Reuters.
     
  • Japan Jan services PMI 51.9, Dec 52.3, still above 50 threshold, employment in services up for first time in eight months.
     
  • PBOC ups rates for standing lending facility loans, o/n 2.75% to 3.1%, week 3.25% to 3.35% effective today; repo rates also up 10 bps/term – Reuters.
     
  • China Jan Caixin Mfg PMI 51.0, 51.8 eyed, Dec 51.9, off but new export orders rise at best pace since September ’14.
     
  • Foreign CB US debt holdings -$5.314 bln to $3.165 trillion Feb 1 week, Treasury holdings -$7.361 bln to $2.847 trillion, agencies +$534 mln to $256.035 bln.
     
  • NY Fed – Swaps with foreign CBs $392 mln Feb 1 week, BoJ $122 mln, rest ECB.
     
  • Lipper – US-based stock funds attract $13.8 bln in latest week.
     
  • Reuters poll – RBA to hold cash rate at 1.5% record low February 7, views mixed for later in year, many see more ease, some see hike.
     
  • Australia Jan AIG PMI 54.5, Dec 57.7.
     
  • Australia Jan VFACTS new vehicle sales +0.6% y/y, record pace momentum still.
     
  • New Zealand Jan ANZ commodity price index -0.1% m/m, weaker dairy cited.
     
  • ECB Coeure – Monetary policy stance can evolve depending on data, hopes current int’l economic framework not upset by new US policies – Reuters.

More Info : http://www.firewoodfx.com/post/4107/asia-roundup-antipodeans-ease-following-worse-than-expected-chinese-manufacturing-pmi-dollar-index-recovers-from-2-12-month-lows-asian-shares-down-as-pboc-hikes-short-term-rates-friday-february/
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02-06-2017, 10:14 PM,
#14
Asia Roundup: Aussie slumps following downbeat retail sales figures, Asian shares nudge higher, investors cautious ahead of ECB Draghi's speech – Monday, February 6th, 2017

Market Roundup

  • CFTC IMM CTA data – Specs slash net USD longs to lowest since late-October, some MXN shorts covered, JPY net shorts lowest since early December.
  • Wall St stands with two Fed-hike outlook for ’17 – Reuters Poll.
  • Bond market eyes ways to cope with US tax reform – IFR.
  • BoJ offers to buy total JPY750 bln 5-25+ year JGBs, lend Y1.3676 trillion.
  • Japan Dec real wages -0.4% y/y, total cash earnings +0.1%, overtime pay -1.9%, special payments -0.1%; ’16 real wages +0.7%, first rise in 5 years.
  • Japan Ono Pharmaceutical readies Y400-500 billion for US acquisitions – Nikkei.
  • Traders rush to ship US oil as export window to Asia opens – Reuters.
  • Imported vehicle sales in Japan +3.9% in January – JAIA.
  • Reuters BreakingViews – Tokyo is no economic enemy for Trump.
  • Foreign holdings of China government bonds fall for the first time since Oct ’15, Jan holdings off CNY1.9 bln to CNY421.8 bln.
  • China Jan Caixin services PMI 53.1, composite 52.2, Dec 53.4, 53.5, off but both indices still in expansion mode, hiring up, solid increase in orders.
  • Australia Dec retail sales -0.1% m/m, +0.3% forecast, Q4 chain volume retail sales +0.9% q/q, as forecast, Q4 sales at two-year high but momentum lacking.
  • Australia’s home market boom crumbling as buyers hold back – Reuters.
  • Australia Jan job adverts +4.0% m/m, December rev -2.2%.
  • Germany FinMin Schaeuble – EUR rate too weak for Germany – Tagesspiegel.
  • ForMin Gabriel – Give Italy, France, Portugal time to cut deficits – ARD.

More Info : http://www.firewoodfx.com/post/4110/asia-roundup-aussie-slumps-following-downbeat-retail-sales-figures-asian-shares-nudge-higher-investors-cautious-ahead-of-ecb-draghis-speech-monday-february-6th-2017/
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02-07-2017, 09:39 PM,
#15
Asia Roundup: Aussie rallies on RBA's stance, dollar hits 10-week low versus yen, Asian shares slump as European political risks trigger risk-off sentiment – Tuesday, February 7th, 2017

Market Roundup

  • Philly Fed Harker – March should be considered for next rate hike, economy- dependent, eyes three hikes this year, for no change in Dodd-Frank – Reuters.
     
  • Japan FinMin Aso – Reiterates pledge against competitive FX devaluation, no comment on recent JPY gains – Reuters.
     
  • Japan Dec leading indicator index 105.2, coincident 115.2, Nov 102.6, 115.1.
     
  • Japan Ajinomoto targets Europe with $1.3 bln acquisitions pot, eyes on UK, Germany and France – Financial Times.
     
  • RBA leaves OCR as is and as forecast at 1.5%, policy consistent with growth, inflation targets, AUD rise could complicated economic transition, global economic conditions better, RBA seen on hold indefinitely.
     
  • Australia Jan AIG/HIA PCI 47.7, +0.7 point on month, still sub-50.
     
  • RBNZ Gov Wheeler to step down when term expires on Sept 26, DepGov Spencer to stand in for six months – Reuters.
     
  • RBNZ survey – Q1 average 1-year inflation expectations 1.56%, 2-year 1.92%.
     
  • UK Jan BRC like-for-like retail sales -0.6% y/y, total sales +0.1%, both weakest readings since Aug, Dec +1.0%/+1.7%, Nov-Jan total weakest since ’09.

More Info : http://www.firewoodfx.com/post/4113/asia-roundup-aussie-rallies-on-rbas-stance-dollar-hits-10-week-low-versus-yen-asian-shares-slump-as-european-political-risks-trigger-risk-off-sentiment-tuesday-february-7th-2017/



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