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03-06-2017, 09:49 PM,
#31
Asia Roundup: Antipodeans near multi-week lows, North Korea's missile test triggers risk-off sentiment, Asian shares ease amid geopolitical tensions – Monday, March 6th, 2017

Market Roundup
  • CFTC IMM CTA data – Specs cut net long USD positions to smallest since early October ’16, GBP shorts up however, CHF too, CAD and AUD longs up.
     
  • Trump accuses Obama of plot to wiretap Trump Tower before the election, requests Congress determine Obama abuse of powers, senior ex-intel official says highly unlikely – Washington Post.
     
  • Japan CabSec Suga – Three North Korean ballistic missiles fell into Japan’s EEZ, total four fired, grave threat to Japan’s security – Reuters.
     
  • China cuts growth target, puts focus on reform and “firewall” against risks, pledges more support for military, CNY may be disturbed in short run but to follow fundamentals over long run, ’17 fixed asset investment @9% – Reuters.
     
  • China SAFE Pan – To release better FX data in few days – MNI.
     
  • PBOC DepGov Yi Gang – Won’t start currency war, must watch economic trend before any rate hike – Caixin, YiCai, MNI.
     
  • Australia Jan retail sales +0.4% m/m, as eyed, Dec -0.1%.
     
  • Australia Feb overall job ads -0.7% m/m, still +6.9% y/y, Jan +3.9% m/m.
     
  • New Zealand Jan new dwelling consents +0.8% m/m, +3.4% y/y, Dec -7.9% m/m.

More Info : http://www.firewoodfx.com/post/4222/asia-roundup-antipodeans-near-multi-week-lows-north-koreas-missile-test-triggers-risk-off-sentiment-asian-shares-ease-amid-geopolitical-tensions-monday-march-6th-2017/
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03-07-2017, 08:47 PM,
#32
Asia Roundup: Aussie rallies as RBA stands pat, euro steadies amid French election concerns, investors eye Eurozone's GDP figures – Tuesday, March 7th, 2017

Market Roundup

  • RBA sticks to script, holds OCR at 1.5%, global economic conditions improved over recent months, unchanged policy consistent with growth-inflation targets, rising AUD could complicate economic transition.
     
  • BoJ Policy Board Masai – Big yen swings cause for concern, economy better but BoJ ready to expand stimulus if necessary, no change in commitment to QQE and yield curve control – Reuters.
     
  • BoJ Gov Kuroda faces bond buying dilemma as his skeptics head out – Reuters.
     
  • Japan PM Abe – Trump said the US with Japan 100% on North Korea missile issue.
     
  • Japan end-February foreign reserves $1.2323 trln, end-January $1.2315 trln.
     
  • Starbucks to debut 7-year global JPY bond via MUFG, Morgan Stanley – IFR.
     
  • Toyota sees Europe sales up 5% this year as hybrids push pays off – Reuters.
     
  • Asia investors put aside trade war fears to bet on reflation – Reuters.
     
  • China FinMin Xiao– To strictly control local government debt quotas –Reuters.
     
  • UK Feb BRC like-for-like retail sales -0.4% y/y, total sales +0.4%, Jan -0.6%, +0.1%, total non-food sales 3-mos to Feb -0.2% y/y, first fall since Nov ’11, Brexit-higher inflation dampening sales, cut-back on luxuries.
     
  • Australia Feb AIG/HIA PCI +5.4 points to 53.1, highest since mid-‘16.
     
  • RBNZ DepGov Spencer – RBA to review bank capital requirements – Reuters.
     
  • IMF – High NZ household debt a risk to stability – Reuters.
     
  • New Zealand Q4 wholesale sales +0.7% q/q, +3.8% y/y, Q3 +1.0% q/q.

More Info : http://www.firewoodfx.com/post/4225/asia-roundup-aussie-rallies-as-rba-stands-pat-euro-steadies-amid-french-election-concerns-investors-eye-eurozones-gdp-figures-tuesday-march-7th-2017/
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03-08-2017, 08:48 PM,
#33
Asia Roundup: Kiwi eases following downbeat GDT auction result, dollar falls versus yen as China trade shock triggers risk-off sentiment, Asian shares volatile – Wednesday, March 8th, 2017

Market Roundup

  • China February trade balance -60.36 bln yuan
     
  • China February Yuan-denominated imports +44.7 pct y/y
     
  • China February Yuan-denominated exports +4.2 pct y/y
     
  • New Zealand q4 s/adj manufacturing sales volumes -1.8 pct on previous qtr
     
  • PBOC sets yuan mid-point at 6.9032 / dlr vs last close 6.9043
     
  • Japan Q4 GDP cap ex rev qq increase to 2 % (forecast 1.7 %) vs previous 0.9 %
     
  • Japan Q4 GDP rev QQ annualised increase to 1.2 % (forecast 1.6 %) vs previous 1.0 %
     
  • Japan Feb bank lending YY increase to 2.8 % vs previous 2.5 %
     
  • Japan Q4 GDP revised QQ* increase to 0.3 % (forecast 0.4 %) vs previous 0.2 %
     
  • NZ's Fonterra: Dairy prices fall 6.3%, with avg selling price NZD 3,512/tonne, volumes +9% at auction
     
  • Atlanta’ Fed’s GDPNow f/c for Q1 2017-0.5% to 1.3% from 1.8% on March 1, peaked at 2.7% in early Feb
     
  • Pres Trump backs House Republican healthcare plan, aims to cut drug prices
     
  • Fillon backers seek unity to revive French presidential bid, New poll again shows Fillon knocked out in round one

More Info : http://www.firewoodfx.com/post/4228/asia-roundup-kiwi-eases-following-downbeat-gdt-auction-result-dollar-falls-versus-yen-as-china-trade-shock-triggers-risk-off-sentiment-asian-shares-volatile-wednesday-march-8th-2017/
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03-09-2017, 09:41 PM,
#34
Asia Roundup: Antipodeans hit multi-week lows following poor Chinese CPI, dollar rallies on better-than-expected ADP jobs report, crude oil recovers from U.S. stockpile-led slump – Thursday, March 9th, 2017

Market Roundup

  • Investors gird for an attack on weak yen at US-Japan talks – Nikkei.
     
  • Japan probing regional banks for overexposure to foreign debt – Nikkei.
     
  • MoF flow data week-ended March 4 – Japanese buy net Y76.3 billion foreign stocks, sell Y1.1306 trillion bonds, buy Y61.1 billion bills; foreign investors sell net Y167.1 billion Japanese stocks, buy Y608.3 billion JGBs, sell Y1.7805 billion bills.
  • Japan Jan total cash earnings +0.5% y/y, real wages unch, overtime pay +0.2%, regular pay +0.8%, biggest gain since March 2000.
     
  • Japan Feb money supply M2 +4.2% y/y, M3 +3.6%, broadest liquidity +2.6%, Jan +4.0% (revised), +3.5%, +2.3% (revised).
     
  • Japan’s economy seen expanding by a majority of corporate executives – Nikkei.
     
  • Japan’s small-cap stocks hit a 25-year high amid win streak – Nikkei.
     
  • Traders – China state banks sell USD in onshore FX market – Reuters.
     
  • China Feb CPI -0.2% m/m, +0.8% y/y, +0.6% and +1.7% forecast, slowest y/y pace since Jan’15, food CPI -4.3% y/y, non-food +2.2%, Lunar New Year distortions.
     
  • China Feb PPI +0.6% m/m, +7.8% y/y, +7.7% y/y forecast, y/y rise most since September ’08.

More Info : http://www.firewoodfx.com/post/4231/asia-roundup-antipodeans-hit-multi-week-lows-following-poor-chinese-cpi-dollar-rallies-on-better-than-expected-adp-jobs-report-crude-oil-recovers-from-u-s-stockpile-led-slump-thursday-march-9th/
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03-13-2017, 11:35 PM,
#35
Asia Roundup: Antipodeans off multi-week lows, euro near 1-month peak following ECB rate hike talk, Asian shares gain amid cautious sentiment – Monday, March 13th, 2017

Market Roundup

  • CFTC IMM CTA data – Specs up net long USD bets to highest since early Feb, EUR shorts largest since early Jan, 59.5k contracts, JPY 54.7k, GBP 81.4k.
  • BoJ to stand pat, may highlight disparity over growth, prices – Reuters.
  • Japanese investors stampede into foreign stock funds – Nikkei.
  • US CommSec Ross – Japan trade deal a very high priority – Nikkei.
  • Japan Jan core machinery orders -3.2% m/m, -8.2% y/y, +0.5% and -3.3% forecast m/m fall largest in 5-months, y/y in 8-months, Q1 ’17 CAPEX off to bad start.
  • Japan Feb domestic corp goods prices +0.2% m/m, +1.0% y/y, Jan +0.5%, +0.6%, y/y gain best in over two years.
    PBOC Pan – To balance growth, risk prevention – MNI.
  • White House civil war breaks out over trade, fiery meeting in Oval Office between economic nationalists and pro-trade moderates – Financial Times.
  • US NEC Cohn – Fed doing good job, respects independence – Reuters.
  • EU prepares for Britain to trigger start of Brexit, May could have authority to invoke Article 50 by Tuesday – Financial Times.
  • Iceland govt – Capital controls could be lifted this week – Reuters.
  • New Zealand Feb REINZ median house prices +0.3% m/m, +14.1% y/y.
  • New Zealand Fed food prices +0.2% m/m, +2.2% y/y.

More Info : http://www.firewoodfx.com/post/4237/asia-roundup-antipodeans-off-multi-week-lows-euro-near-1-month-peak-following-ecb-rate-hike-talk-asian-shares-gain-amid-cautious-sentiment-monday-march-13th-2017/
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03-14-2017, 08:29 PM,
#36
Asia Roundup: Antipodeans ease following mixed Chinese economic data, dollar gains on rising U.S. Treasury yields, Asian shares advance despite mild risk-aversion – Tuesday, March 14th, 2017

Market Roundup

  • UK government wins parliament’s approval for Article 50 legislation –Reuters.
     
  • UK BrexitMin Davis – To begin EU exit by end of month after parliament’s approval – Reuters.
     
  • UK May wins right to launch EU divorce talks, question is when? Spokesman hints end-March – Reuters.
     
  • UK PM May to reject Scottish referendum demand – Times, Reuters.
     
  • UK firms scale back on hiring plans ahead of Brexit – Manpower.
     
  • US TsySec Mnuchin to push hard for US interests at G20, G20 must refrain from competitive currency devaluations – Reuters.
     
  • China Stats Bureau – Economic activity, business environment has improved, PPI gains to slow from current peak, CPI to show mild increases – Reuters.
     
  • China Jan-Feb combined industrial output +6.3% y/y, +6.2% forecast.
     
  • China Jan-Feb combined retail sales +9.5% y/y, +10.5% forecast.
     
  • China Jan-Feb combined fixed asset investment +8.9% y/y, +8.2% forecast, private sector FAI +6.7%, property investment +8.9%, construction starts +10.4%, property sales by floor area +25.1%.
     
  • RBA AsstGov Bullock – Regulators ready to act on home lending risks –Reuters.
     
  • Australia Feb NAB business conditions index +9, confidence +7, Jan +16, +10, off from decade highs, activity above average across most sectors.

More Info : http://www.firewoodfx.com/post/4240/asia-roundup-antipodeans-ease-following-mixed-chinese-economic-data-dollar-gains-on-rising-u-s-treasury-yields-asian-shares-advance-despite-mild-risk-aversion-tuesday-march-14th-2017/
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03-15-2017, 09:31 PM, (This post was last modified: 03-15-2017, 09:32 PM by ArianTechTrade.)
#37
Asia Roundup: Kiwi gains on better-than-expected current account figures, dollar eases ahead of FOMC meeting outcome, crude oil volatile after surprise U.S. stock drawdown – Wednesday, March 15th, 2017

Market Roundup



  • Workers at Japan’s top companies to get meager ’17 pay hikes – Reuters.
     
  • Japan FY ’17 base wage hikes seen lower than in FY ’16 – MNI.
     
  • China Prem Li – Doesn’t want trade war with US, 6.5% growth target not low but won’t be easy to meet, will cope, supports globalization-free trade, will continue to open up economy, ward off mass unemployment – Reuters.
     
  • White House – Trump Paid $38 Million in Federal Taxes in 2005 – MSNBC.
     
  • Australia March Westpac/MI consumer confidence index +0.1% to 99.7, sentiment steady, still below 100.
     
  • Australia Feb new vehicle sales -2.7% m/m, ends two months of gains.
     
  • New Zealand Q4 current account deficit NZ$2.335 billion, year to December NZ$7.112 billion, NZ$2.543 billion and NZ$7.25 billion forecast, Q4 deficit smallest in two years, deficit in year to December -2.7% of GDP.



More Info : http://www.firewoodfx.com/post/4243/asia-roundup-kiwi-gains-on-better-than-expected-current-account-figures-dollar-eases-ahead-of-fomc-meeting-outcome-crude-oil-volatile-after-surprise-u-s-stock-drawdown-wednesday-march-15th-201/
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03-16-2017, 09:24 PM,
#38
Asia Roundup: Antipodeans ease on downbeat domestic data, dollar slumps as Fed sticks to gradual rate hike, Asian share advance – Thursday, Friday 16th, 2017

Market Roundup

  • BoJ leaves monetary policy as is, as forecast, short rate target -0.1%, 10-year JGB target @zero, vote 7-2, to maintain QQE, Sato-Kiuchi again dissent, economic assessment left mostly as is, housing investment view cut, moving sideways.
     
  • Japan MoF flow data week-ended March 11 – Japanese sold net Y360.5 bln Foreign stocks, Y703.9 bln bonds, bought Y97.2 bln bills; foreign investors sold net Y722.7 bln Japanese stocks, Y47.3 bln JGBs, Y2.1413 trln bills.
     
  • Japan’s Meiji Yasuda plans to invest $7.1 bln overseas – Nikkei.
     
  • China PBOC ups OMO, MLF loan rates by 10 bps, various tenors, move market driven, not “an interest rate hike”, flexibility on rates favorable, no change in policy per se, CNY303 bln MLF loans to 17 financials today.
     
  • Primary dealers see two more Fed hikes this year, 3 in ’18 – Reuters poll.
    US Treasury – Jan net $110.4 bln net overall capital inflow, Dec rev $65.3 bln outflow, net foreign Tsy holdings -$7 bln, China holdings $1.051 trln, Japan $1.103 trln, Dec $1.058 trln, $1.091 trln.
     
  • Trump will detail budget plan Thursday with severe cuts – New York Times.
     
  • Federal judge in Hawaii freezes Pres Trump’s new entry ban hours before it was to take effect – Washington Post.
     
  • In test of European populism, Geert Wilders's anti-Islam party gained seats but a big majority of Dutch voters rejected his views – New York Times.
     
  • Australia Feb employment -6.4k, unemployment 5.9%, participation 64.6%, +16k, 5.7%, 64.6% forecast, full-time employment +27.1k, jobless at 13-mo high.
     
  • New Zealand Q4 GDP +0.4% q/q, +2.7% y/y, +0.7% and +3.1% forecast, Q3 rev +0.8%, +3.3%, growth slower than expected on exports but economy in recovery mode still.
     
  • Non-residents held 60% of NZ government debt in February, Jan 60%.

More Info: http://www.firewoodfx.com/post/4246/asia-roundup-antipodeans-ease-on-downbeat-domestic-data-dollar-slumps-as-fed-sticks-to-gradual-rate-hike-asian-share-advance-thursday-friday-16th-2017/
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03-17-2017, 10:21 PM,
#39
Asia Roundup: Kiwi gains following upbeat Business NZ PMI, euro touches 5-1/2-week peak, dollar set for weekly losses on Fed's slower-than-expected rate hike path – Friday, March 17th, 2017

Market Roundup

  • End-Dec Japan household assets up 0.9% y/y to record Y1800 trln, corporate deposits Y244 tln (+7.5%), BoJ holdings of JGBs Y421 tln (39.1% of total), JGBs held by offshore accounts Y113 tln (10.5%).
     
  • GPIF, other off’l pension funds sell net Y589.3 bln in JGBs, buy Y56.4 bln domestic stocks, buy Y259.4 bln in foreign securities in Q4.
     
  • Foreign CB US debt holdings +$15.084 bln to $3.197 trln March 15 week, Treasuries +$16.383 bln to $2.869 trln, agencies -$1.196 bln to $265.309 bln.
     
  • NY Fed – Swaps with foreign CBs $917 mln Mar 15 week, ECB $915 mln, rest BoJ.
     
  • Lipper – Investors pull $5 bln from US-based taxable bond funds latest week.
     
  • Trump budget plan would scrap energy grants, auto loan program – Reuters.
     
  • BoE MPC Forbes – Weak wage growth may reflect temporary Brexit caution -Telegraph.
     
  • New Zealand Feb BNZ/BNZ PMI up to 55.2, Jan 52.2, weak mfg in Q4 GDP data transitory?

More Info : http://www.firewoodfx.com/post/4254/asia-roundup-kiwi-gains-following-upbeat-business-nz-pmi-euro-touches-5-12-week-peak-dollar-set-for-weekly-losses-on-feds-slower-than-expected-rate-hike-path-friday-march-17th-2017/
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03-21-2017, 08:58 PM,
#40
Asia Roundup: Aussie off highs following RBA minutes, dollar eases as Fed Evans reiterates gradual rate hike outlook, Asia shares touch 15-month peak – Tuesday, March 21st, 2017

Market Roundup

  • Centrist Macron seen most convincing in French election debate – Elabe poll – Reuters
     
  • Polling relegates far-right leader Le Pen to 3rd place of top five contenders- Reuters
     
  • Australia Q4 house price index +7.7 pct yr/yr – Reuters
     
  • RBA minutes: recent data suggested a “build-up of risks” in the housing market
     
  • RBA: home investment borrowing had picked up, debt rising faster than household incomes
     
  • RBA minutes: home prices strong and rising briskly in Sydney and Melbourne
     
  • RBA minutes: judged steady policy consistent with growth and inflation targets
     
  • RBA minutes: a rising AUD would complicate economic transition
     
  • RBA noted any move to protectionist policies in U.S. would be harmful for global economy
     
  • RBA minutes: global economic outlook more positive, China set to support growth in the near-term
     
  • RBA: slow growth in incomes could restrain consumption given high debt levels
     
  • EXCLUSIVE-Tillerson plans to skip NATO meeting, visit Russia in April -sources – Reuters
     
  • PBOC sets mid-point USD/CNY reference rate at 6.9071 versus 6.8998 prev- Reuters
     
  • China Premier Li says will further open services, industries – Xinhua – Reuters
     
  • FBI head confirms Russia election probe, says Moscow backed Trump – Reuters

More Info : http://www.firewoodfx.com/post/4260/asia-roundup-aussie-off-highs-following-rba-minutes-dollar-eases-as-fed-evans-reiterates-gradual-rate-hike-outlook-asia-shares-touch-15-month-peak-tuesday-march-21st-2017/
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03-24-2017, 08:42 PM,
#41
Asia Roundup: Kiwi slumps on downbeat trade balance figures, dollar steadies amid rising U.S. Treasury yields, Asian shares advance – Friday, March 24th, 2017

Market Roundup

  • Trump issues ultimatum to House Republicans: Pass new health bill or he will leave Obamacare in place – New York Times.
     
  • CBO analysis of House Republican revised health-care bill shows just as many uninsured, less deficit reduction – Washington Post.
     
  • Dallas Fed Kaplan – Making reasonably good progress on inflation, labor market relatively tight, should move deliberately to remove accommodation, approaching time when we can allow balance sheet to gradually run off.
     
  • Foreign CB US debt holdings March 22 week +$14.029 bln to $3.211 trln, Treasuries +$18.039 bln to $2.887 trln, agencies -$2.554 bln to $262.755 bln.
     
  • NY Fed– Swaps with foreign CBs $1.019 bln Mar 22 wk, ECB$1.015 bln, BoJ rest.
     
  • Lipper – Investors add $8 bln to US taxable bond funds in week, pull back from “Trump trade”.
     
  • BoJ Gov Kuroda – Won’t signal policy shift via daily market ops, no change in striving for 2% inflation at earliest possible date, negative rate/yield curve control working, mindful of effect on banks, output-consumption pick- up but economic risks still tilted to downside, relationship between FX- monetary policy complicated – Reuters newsevent.
     
  • Japan FinMin Aso – G20 shared view free trade important, true some debate on wording (“free”, “fair”), US-Japan dialogue not on FX alone – Reuters.
     
  • Japan March PMI mfg – flash 52.6, Feb final 53.3, output/new orders slow.
     
  • MoF flow data week-ended March 18 – Japanese sell net Y465.7 bln foreign stocks, buy Y149.4 bln bonds, Y29.1 bln bills; foreign investors sell net Y580.4 bln Japanese stocks, Y586.8 bln JGBs, buy Y2.9158 trln bills.
     
  • Japan March Reuters Tankan mfg index +25, non-mfg +26, Feb +20, +26, mfg index highest reading since April ’14, +23 and +24 forecast in June.
     
  • Japan seeks out more global infrastructure projects – Nikkei.
     
  • Japan SMFG seals strong result with A$1 bln global bond sale, first from Asia financial – IFR
     
  • China PBOC to strengthen management of Beijing mortgage loan risks – Reuters.
     
  • South Korea – Can’t rule out US branding it a currency manipulator – Reuters.
     
  • BoE MPC Vlieghe – Inflation does not mean rate hike, 3% at end ’17 before easing off, pass-through of weak GBP to inflation faster than thought -Times.
     
  • New Zealand Feb trade deficit NZ$18 mln, year to Feb NZ$3.79 bln, imports NZ$4.02 bln, exports NZ$4.01 bln.

More Info : http://www.firewoodfx.com/post/4269/asia-roundup-kiwi-slumps-on-downbeat-trade-balance-figures-dollar-steadies-amid-rising-u-s-treasury-yields-asian-shares-advance-friday-march-24th-2017/
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03-27-2017, 10:54 PM,
#42
Asia Roundup: Antipodeans off recent lows, dollar hits 4-month trough against yen as Trump suffers political setback, Asian shares tumble amid risk-off sentiment – Monday, March 27th, 2017

Market Roundup

  • CFTC IMM CTA data – Specs boost net long USD bets for third straight week, highest since late January, MXN shorts lowest since November 3, JPY and EUR shorts down too, 66.9k and 19.6k, AUD longs up, NZD shorts more than double.
     
  • BoJ March 15-16 Policy Board meeting minutes – Will take time for inflation to get to 2% target, low wage hikes to impact, easy policy appropriate, BoJ Feb JGB purchase increase revealed yield curve control weaknesses – Reuters.
     
  • Japanese manufacturers brace for possible US import tax, plan lower pay hikes this year – Reuters poll.
     
  • Japan Feb corporate service price index +0.3% m/m, +0.8% y/y to 103.3.
     
  • Toshiba’s Westinghouse may file bankruptcy Tuesday, seeks Kepco aid – Nikkei.
     
  • PBOC Gov Zhou – Globalization a reality, not matter of choice, global reflation important, monetary policy not panacea, to open more to foreign investment – Reuters.
  • Advisor Fan Gang – PBOC wants smooth transition to less reserves – Reuters.
     
  • China Jan-Feb industrial profits +31.5% y/y, rise in prices of coal, steel and crude oil cited, liabilities +6.6%.
     
  • Trump to unveil White House Office of American Innovation led by Jared Kushner aimed at federal bureaucracy overhaul using business ideas – W.Post.
     
  • Merkel’s conservative CDU comes first in German Saarland state vote –Reuters.
     
  • Buba Wuermeling – Next ECB policy moves are in flux – Reuters.
     
  • ECB/BdF Villeroy warns against Le Pen’s Euro exit plans – Reuters.
     
  • OPEC, non-OPEC committee recommends extending output cut by 6 months
     
  • CFTC – Specs cut US crude oil net longs to lowest in ’17.

More Info : http://www.firewoodfx.com/post/4272/asia-roundup-antipodeans-off-recent-lows-dollar-hits-4-month-trough-against-yen-as-trump-suffers-political-setback-asian-shares-tumble-amid-risk-off-sentiment-monday-march-27th-2017/
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03-28-2017, 08:45 PM,
#43
Asia Roundup: Antipodeans off recent lows, dollar hits 4-month trough against yen as Trump suffers political setback, Asian shares tumble amid risk-off sentiment – Monday, March 27th, 2017

Market Roundup

  • CFTC IMM CTA data – Specs boost net long USD bets for third straight week, highest since late January, MXN shorts lowest since November 3, JPY and EUR shorts down too, 66.9k and 19.6k, AUD longs up, NZD shorts more than double.
     
  • BoJ March 15-16 Policy Board meeting minutes – Will take time for inflation to get to 2% target, low wage hikes to impact, easy policy appropriate, BoJ Feb JGB purchase increase revealed yield curve control weaknesses – Reuters.
     
  • Japanese manufacturers brace for possible US import tax, plan lower pay hikes this year – Reuters poll.
     
  • Japan Feb corporate service price index +0.3% m/m, +0.8% y/y to 103.3.
     
  • Toshiba’s Westinghouse may file bankruptcy Tuesday, seeks Kepco aid – Nikkei.
     
  • PBOC Gov Zhou – Globalization a reality, not matter of choice, global reflation important, monetary policy not panacea, to open more to foreign investment – Reuters.
  • Advisor Fan Gang – PBOC wants smooth transition to less reserves – Reuters.
     
  • China Jan-Feb industrial profits +31.5% y/y, rise in prices of coal, steel and crude oil cited, liabilities +6.6%.
     
  • Trump to unveil White House Office of American Innovation led by Jared Kushner aimed at federal bureaucracy overhaul using business ideas – W.Post.
     
  • Merkel’s conservative CDU comes first in German Saarland state vote –Reuters.
     
  • Buba Wuermeling – Next ECB policy moves are in flux – Reuters.
     
  • ECB/BdF Villeroy warns against Le Pen’s Euro exit plans – Reuters.
     
  • OPEC, non-OPEC committee recommends extending output cut by 6 months
     
  • CFTC – Specs cut US crude oil net longs to lowest in ’17

http://www.firewoodfx.com/post/4272/asia-roundup-antipodeans-off-recent-lows-dollar-hits-4-month-trough-against-yen-as-trump-suffers-political-setback-asian-shares-tumble-amid-risk-off-sentiment-monday-march-27th-2017/
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03-29-2017, 09:29 PM,
#44
Asia Roundup: Dollar index off 4-1/2 month lows as upbeat U.S. economic data offset Trump uncertainties, sterling hits 1-week low as UK triggers Article 50, Asian shares gain – Wednesday, March, Wednesday 29th, 2017

Market Roundup

  • UK PM May ready to compromise as Brexit letter heads for Brussels, No 10 anxious to avoid acrimonious divorce after setting Article 50 process in motion – Financial Times.
     
  • Fed Gov Powell – Fed still in wait-and-see stance regarding Trump policies, fiscal policy changes not factored into Fed outlook, balance sheet to be allowed to shrink when appropriate – Reuters.
     
  • Japan business lobby Keidanren issues fresh Brexit warning, calls for deeper consideration as some German companies reveal plans for shift from UK – FT.
     
  • BoJ Policy Board Sato – Labor reform must accompany monetary easing –Reuters.
     
  • BoJ trims purchase of 3-5 year JGBs in market operations – Reuters.
     
  • Japan February retail sales +0.1% y/y, +0.5% forecast.
     
  • Toshiba approves US Westinghouse unit Chapter 11 filing – Nikkei.
     
  • Moody’s – China economy faces heightened risks from potential future property downturn – Reuters.
     
  • Fitch – Australia home loan rate rises cool lending, risks to banks remain.

More Info : http://www.firewoodfx.com/post/4278/asia-roundup-dollar-index-off-4-12-month-lows-as-upbeat-u-s-economic-data-offset-trump-uncertainties-sterling-hits-1-week-low-as-uk-triggers-article-50-asian-shares-gain-wednesday-march-wedne/
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03-30-2017, 11:09 PM,
#45
Asia Roundup: Aussie hits 1-week high on upbeat home sales figures, euro eases on ECB headlines, Asian shares near 2-year peak – Thursday, March 30th, 2017

Market Roundup

  • BoJ DepGov Iwata – Current policy appropriate, inflation still sub-2%, recovery gaining momentum, however, QQE and yield curve control helping to spur growth, no need to buy US Treasuries, JGB buys sufficient – Reuters.
     
  • Japan ChiefCabSec Suga –Monitoring Brexit impact on Japanese firms – Reuters.
     
  • MoF flow data week-ended March 25 – Japanese sell net Y294.0 bln foreign stocks, Y151.6 bln bonds, Y19.0 bln bills; foreign investors sell net Y754.3 bln Japanese stocks, Y1.9237 trillion JGBs, Y1.5407 trillion bills.
     
  • Japan Feb crude imports -3.2% y/y, LNG +4.8%, total coal -3.9%, Jan -3.3%, +9.6%, unchanged.
     
  • Trump laying groundwork to keep big tariffs on Chinese goods – DowJones.
     
  • US business loan growth slowdown reflects energy hangover – Goldman Sach.
     
  • Mexico’s governors tap investors in China, elsewhere – Reuters.
     
  • Latin America may step up bond sales as Trump fears fade – Reuters.
     
  • Australia Feb HIA new home sales +0.2% m/m, houses -0.1%, apartments +1.0%.
     
  • Australia Dec-Feb job vacancies +1.8% q/q, Sep-Nov +2.5% (prelim +2.2%).

More Info: http://www.firewoodfx.com/post/4300/asia-roundup-aussie-hits-1-week-high-on-upbeat-home-sales-figures-euro-eases-on-ecb-headlines-asian-shares-near-2-year-peak-thursday-march-30th-2017/



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