Firewoodfx - Daily Market News

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04-04-2017, 10:47 PM,
#46
Asia Roundup: Aussie slumps as RBA stands pat, dollar hits 1-week low versus yen on heightened risk aversion, Asian shares ease amid holiday-thinned-trading – Tuesday, April 4th, 2017

Market Roundup

  • RBA leave OCR as is as eyed, economic conditions continue to improve, unchanged policy consistent with growth-inflation targets, higher AUD would complicate economic transition, RBA more expansive on housing.
     
  • BoJ Gov Kuroda – No comment on FX levels, too early to talk about exit strategy, ETF purchases part of current easy policy, not meant to achieve specific stock price level – Reuters.
     
  • Japan TradeMin Seko – Don’t foresee problems for Japan in US study of trade deficits – Reuters.
     
  • BoJ Tankan price expectations survey – Japan firms see CPI +0.7% in year, unchanged from previous survey, +1% eyed three years hence, also unchanged.
     
  • Japan March monetary base Y447.2 trillion, end-Feb Y433.6 trillion.
    Philly Fed Harker – Reiterates support for two more rate hikes this year, could begin trimming bond portfolio late this year or early next – Reuters.
     
  • NY Fed – US household debt could surpass ’08 peak this year – IFR.
     
  • IIF – Global debt hits $215 trillion in ’16, led by emerging markets – Reuters.
     
  • US March light vehicle sales 1.56 mln units, 16.62 million AR – AutoData.
     
  • Australia Feb trade surplus A$3.574 bln, A$1.8 bln eyed, exports +1% m/m, imports -5%, floods only temporary setback for exports.
     
  • Strong demand for Australia’s first card credit securitization – Reuters.
     
  • New Zealand Q1 business confidence +17%, cap utilization 93.6%, Q4 ’16 +28%, 92.7%, signs pointing to rising inflation.

More Info : http://www.firewoodfx.com/post/4336/asia-roundup-aussie-slumps-as-rba-stands-pat-dollar-hits-1-week-low-versus-yen-on-heightened-risk-aversion-asian-shares-ease-amid-holiday-thinned-trading-tuesday-april-4th-2017/
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04-05-2017, 09:48 PM,
#47
Asia Roundup: Antipodeans near multi-week lows, dollar falls against yen on North Korea concerns, Asian shares gain despite risk off sentiment – Wednesday, April 5th, 2017

Market Roundup

  • Japan March PMI services 52.9 from Feb 51.3, at 19-month high.
     
  • BoJ reduces amounts of 1-3 year JGBs purchased from Y300 bln to Y280 bln.
     
  • Japan corporate pensions return to positive territory in ’16 for first time in two years – Nikkei.
     
  • Japanese retailers quickly embracing bitcoin payments – Nikkei.
     
  • White House disavows two controversial tax ideas (VAT, carbon tax) hours after officials say they’re under consideration – Washington Post.
     
  • Fed Gov Tarullo – Volcker rule may be too complicated, should mull changes, should drop qualitative component in bank stress tests – Reuters.
     
  • Richmond Fed Lacker departs after acknowledging he confirmed confidential Info – Financial Times.
     
  • French election TV debate – Melenchon seen most convincing, Macron second, Macron seen having best plan for France, Le Pen out of running? – fourth, – Elabe poll.
     
  • Australia March AIG PSI +2.7 points to 51.7, services back in expansion.
     
  • Australia March VFACTS new vehicle sales +0.9% y/y, +0.8% y/y in Q1.
     
  • New Zealand March job adverts +1.6% m/m, +17.7% y/y.
     
  • New Zealand March QV residential property price index +12.9% y/y, Feb +13.5, prices up despite cooling Auckland.
     
  • New Zealand March ANZ commodity price index +0.4% m/m, +23% y/y, Feb +20.9% y/y.
  • New Zealand Fonterra GDT price index +1.6%, volumes up too.

More Info : http://www.firewoodfx.com/post/4358/asia-roundup-antipodeans-near-multi-week-lows-dollar-falls-against-yen-on-north-korea-concerns-asian-shares-gain-despite-risk-off-sentiment-wednesday-april-5th-2017/
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04-06-2017, 10:06 PM,
#48
Asia Roundup: Aussie hits multi-week low on weaker-than-expected China services PMI, dollar index eases ahead of U.S.-China summit, Asian shares drop amid risk-off sentiment – Thursday, April 6th, 2017 

Market Roundup

  • Wall St goes into reverse as risk appetite fades, JPY and Treasuries rally while oil pares early advance – Financial Times.
     
  • Signs point away from Trump labeling China currency manipulator – Reuters.
     
  • After weak March sales, concerns rise over US auto market outlook – Reuters.
     
  • ICI – US taxable bond funds reel in cash for 17th straight week – Reuters.
     
  • Japan PM Abe, Trump agree North Korea missile launch serious threat – Reuters.
     
  • Kuroda likely favorite for new BoJ term if willing – Reuters.
     
  • MoF flow data week-ended Apr 1 – Japanese buy net Y335.4 bln foreign stocks, Y1.0998 bln bonds, sell Y8.4 bln bills; foreign investors buy net Y584.5 bln Japanese stocks, Y890.0 bln JGBs, sell Y3.0159 trillion bills.
     
  • China March Caixin services PMI 52.2, 6-month low, Feb 52.6.
     
  • China SAFE – FX market relatively stable, cross-border flows more balanced.
     
  • China NAES – Service sector to account for 72% of China GDP by ’30 – Xinhua.
     
  • ADB – Developing Asia ’17 growth likely weakest in 16 years, +5.7% eyed, China growth forecast upped small, India cut small – Reuters, Nikkei.
     
  • RBA DepGov Debelle – Capital inflows to slow as JNG projects transition -MNI.

More Info : http://www.firewoodfx.com/post/4364/asia-roundup-aussie-hits-multi-week-low-on-weaker-than-expected-china-services-pmi-dollar-index-eases-ahead-of-u-s-china-summit-asian-shares-drop-amid-risk-off-sentiment-thursday-april-6th-201/
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04-07-2017, 09:43 PM,
#49
Asia Roundup: Yen tends to appreciate in times of geopolitical tension, brent crude oil jumps above 2 pct and gold up more than 1 pct, most Asian markets in red – Friday, April 07, 2017

Market Roundup

  • US launches over 50 Tomahawk missiles against Syria government in retaliation for chemical weapon attack on rebel-held territory – NBC, Reuters.
     
  • Currency misalignment gains stature in Trump trade plans.
     
  • Trump at dinner with Xi says to develop very, very good relationship over time.
     
  • Foreign CB US debt holdings +$7.180 bln to $3.214 trln April 5 week, Treasury holdings +$7.857 bln to $2.891 trln, agencies -$412 mln to $260.654 bln.
     
  • NY Fed – Swaps w/foreign CBs $5.075 bln Apr 5 week, ECB4.525 bln, rest BOJ.
     
  • Lipper – Investors pull $12 bln from US stock funds in latest week, outflow largest this year.
     
  • US – Japan in talks to prevent China acquiring Westinghouse according to US official, Japan Trade Min Seko not true.
     
  • Japan Fin Min Aso – US VP Pence to visit Japan April 18-19, dialogue not limited to trade and currencies, to include energy, infrastructure .
     
  • Japan February total cash earnings +0.4% y/y, real wages unch, overtime pay +0.6%, overtime pay sees first y/y rise since May ‘16.
     
  • Japan end-March foreign reserves $1.230 trln, end-February $1.232 trln.
     
  • German FinMin Schaeuble sees IMF sticking with Greece program .
     
  • Australia March AI/HIA PCI 51.3, off 1.9 point from February.

More Info : http://www.firewoodfx.com/post/4380/asia-roundup-yen-tends-to-appreciate-in-times-of-geopolitical-tension-brent-crude-oil-jumps-above-2-pct-and-gold-up-more-than-1-pct-most-asian-markets-in-red-friday-april-07-2017/
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04-10-2017, 09:32 PM,
#50
Asia Roundup: Antipodeans touch multi-week lows on geopolitical risks, dollar index near 3-week highs on Fed policymakers comment, Asian shares trade in red – Monday, April 10, 2017

Market Roundup

  • US official – US Navy strike group to move toward Korean peninsula – Reuters.
     
  • US UN Ambassador Haley – Prepared to do more in Syria, hopes not necessary – Reuters.
     
  • Progress cited at China-US summit but details lacking – Various media.
     
  • CFTC IMM CTA data – USD net longs lowest since late February, JPY net shorts 45.8k contracts, lowest since December, EUR shorts up to 11.4k, GBP shorts down touch to 99.6k, CHF too to 13.8k, CAD shorts up, AUD longs off.
     
  • Reuters poll – Wall St sees Fed balance sheet normalization plan by December.
     
  • Investors flock to macro hedge funds but not only the old guard – Reuters.
     
  • St Louis Fed Bullard (in Melbourne, non-voter, dove) – No rush to raise rates – Reuters.
     
  • BoJ Gov Kuroda repeats resolve to maintain massive stimulus via QQE, YCC and monetary base rise, inflation to remain around zero for now, economy in moderate expansion, won’t hesitate to adjust policy as needed – Reuters.
     
  • MoF March flow data – Japanese buy net Y586.2 bln foreign stocks, sell Y2.1164 trln bonds, Y30.8 bln bills; foreign investors sell net Y205.9 bln Japanese stocks, buy Y1.1892 trln JGBs, Y319.8 bln bills.
     
  • Japan Feb current account balance Y2.8136 trln surplus, Y2.6156 trln forecast, surplus largest since March ’16, trade surplus +79% y/y to Y1.013 trln.
     
  • Australia Feb owner-occupied housing finance -0.5% m/m, as forecast, value of investment housing finance -5.9%.
     
  • ECB Mersch – Ultra-easy monetary policy cannot continue forever – Reuters.
     
  • EU Dombrovskis – Italy extra moves likely to hit EU fiscal targets in ’17 – Reuters.
     
  • Italy FinMin Padoan – Offloading of bank bad loans should not be too fast – Reuters.

More Info : http://www.firewoodfx.com/post/4383/asia-roundup-antipodeans-touch-multi-week-lows-on-geopolitical-risks-dollar-index-near-3-week-highs-on-fed-policymakers-comment-asian-shares-trade-in-red-monday-april-10-2017/
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04-11-2017, 09:23 PM,
#51
Asia Roundup: Aussie steadies on upbeat business conditions report, euro eases on French election uncertainty, Asian shares volatile – Tuesday, April 11th, 2017

Market Roundup

  • Reports China moving as many as 150k troops to North Korean border – Chosun.com, Bloomberg.
     
  • US Pres Trump, UK PM May agree Russia should break ties with Assad – Reuters.
     
  • Impressive market resilience shouldn't be taken for granted – Mohamed El- Erian, Bloomberg.
     
  • BoJ Gov Kuroda Diet testimony – Counting on wage growth to boost inflation, not happening, confident BoJ can exit QE when time comes – Reuters.
     
  • Shrinking workforce threatens Japan’s economy – Nikkei.
     
  • FOMC Chair Yellen – Economy pretty healthy, appropriate to hike gradually if the economy continues to perform, policy stance closer to neutral now, Fed independence under threat from Congress – Reuters.
     
  • UK March BRC like-for-like retail sales -1.0% y/y, total sales -0.2%, Feb -0.4%, +0.4%, like-for-like sees biggest decline since Aug ’15, total sales off for first time since Aug ’16, weakness on timing of Easter holiday.
     
  • Moody’s – Australia, Canada, New Zealand and Sweden sovereign credit profiles resilient to rising household debt.
     
  • Australia March NAB business conditions +14%, confidence +6, last +9, +7, business activity jumps to decade high but retail in negative zone.
     
  • New Zealand March electronic card retail sales -0.3% m/m, +5.6% y/y.

More Info : http://www.firewoodfx.com/post/4386/asia-roundup-aussie-steadies-on-upbeat-business-conditions-report-euro-eases-on-french-election-uncertainty-asian-shares-volatile-tuesday-april-11th-2017/
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04-12-2017, 09:51 PM,
#52
Asia Roundup: Antipodeans near multi-week lows, dollar hits 5-month trough against yen as risk-off sentiment dominates, investors eye BoE Governor Carney's speech – Wednesday, April 12th, 2017 

Market Roundup

  • Reports US special forces team in Okinawa, Japan, rumor possible action 4/27.
     
  • Sources – Japan plans joint show of force with US carrier headed towards Korean peninsula, – Reuters.
     
  • BoJ Gov Kuroda – FX determined by various factors, not just interest rate differentials, monetary policy aims for price stability, not targeting FX, concedes price outlook affected by FX but not based on forecast of currency moves, inflation target likely met more quickly on JPY weakness, will stick to current monetary policy – Reuters.
     
  • BoJ reduces purchases of 3-5 year JGBs to Y350 bln from Y380 bln – Reuters.
     
  • FinMin Aso – Investors should not lose faith in Japan’s markets simply on Toshiba woes, US-Japan dialogue can contribute to new trade rules – Reuters.
     
  • Japan Feb core machinery orders +1.5% m/m, +5.6% y/y, +2.7% and +0.8% forecast, January -3.2% m/m, series highly volatile, CAPEX up in lieu of wage hikes?
     
  • Japan March corporate goods prices +0.2% m/m, +1.4% y/y, +0.2%, +1.3% forecast, February +0.3%, +1.1%, leg-up from February, energy and JPY cited.
     
  • Japan March bank loans +3.0% y/y to Y513.06 trln, Feb +2.8%, Jan +2.5%.
     
  • Beijing orders property websites to stop touting investment gains, feng shui advice – Reuters.
     
  • China March CPI -0.3% m/m, +0.9% y/y, -0.3%, +1.0% forecast, food CPI -4.4% y/y.
     
  • China March PPI +0.3% m/m, +7.6% y/y, as forecast, wholesale prices cooling.
     
  • Australia Apr Westpac/MI consumer confidence -0.7% to 99.0, +4.1% y/y still.

More Info : http://www.firewoodfx.com/post/4389/asia-roundup-antipodeans-near-multi-week-lows-dollar-hits-5-month-trough-against-yen-as-risk-off-sentiment-dominates-investors-eye-boe-governor-carneys-speech-wednesday-april-12th-2017/
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04-13-2017, 09:48 PM,
#53
Asia Roundup: Aussie rallies on upbeat employment report, dollar hits multi-week low against yen on President Trump comments, Asian shares volatile- Thursday, April 13th, 2017

Market Roundup

  • Trump – USD getting too strong, will not label China a currency manipulator, likes low interest rate policy, likes and respects FOMC Chair Yellen, Ex-Im Bank “good thing” – Wall Street Journal.
     
  • TsySec Mnuchin – Very close to nominating FOMC ViceChair, another seat – WSJ.
     
  • Sen Schumer (Dem) – Decision not to name China ccy manipulator shows lack of real, tough action on trade with China – Wall Street Journal.
     
  • Foreign journalists in NoKorea gather for “big event” amid tensions –Reuters.
     
  • South Korea says believes Washington will consult before striking North Korea.
     
  • US wants trade to dominate economic talks with Japan – Asahi.
     
  • Japan’s Abe – NoKorea may have the ability to put Sarin on missiles – FT.
     
  • Japan March money supply M2 +4.3% y/y, M3 +3.6%, broadest liquidity +2.6%, February +4.2%, +3.6%, +2.6%.
     
  • MoF flow data week-ended April 8 – Japanese buy net Y82.9 bln foreign stocks, sell Y2.1768 trln bonds, buy Y119.1 bln bills; foreign investors buy net Y441.0 bln Japanese stocks, Y586.8 bln JGBs, Y1.9303 trln bills.
     
  • World Bank maintains ’17 East Asia growth view, ’17 +6.2%, ’18 +6.1%, China +6.5%, +6.3%, central bank policy risks, good reasons for USD rise despite Trump talk – Reuters, MNI.
     
  • ADB forecasts slowest Asia growth since ’01, ’17 and ’18 +5.7% – Nikkei.
     
  • PBOC – China should strengthen CNY’s int’l role – Shanghai Securities News.
     
  • China March trade surplus $23.93 bln, exports +16.4% y/y, imports +20.3%, $10 bln, +3.2% and +18.0% forecast, surplus with US $17.74 bln, Q1 $49.6 bln.
     
  • China March crude oil imports at record high 9.24 mln bpd, Q1 +15% y/y.
     
  • China NDRC – Growth-employment stable in Q1, PPI to slow – Reuters.
     
  • BoC Gov Poloz – Would be wrong to offset market factors that drive CAD, no simple case for benefits of low or high CAD, economy not yet firing on all cylinders – Reuters.
     
  • RBA FSR – Warns of housing debt, risks of excessive borrowing – Reuters.
     
  • Australia March employment +60.9k, unemployment 5.9%, participation 64.8%, +20k, 5.9% and 64.6% forecast, full-time employment +74.5k.
     
  • Australia April MI inflation expectations +2.5% weighted mean, +4.1% trimmed mean, March +2.5%, +4.0%.
     
  • New Zealand March BNZ/BNZ mfg PMI 57.8, +2.1 points on month, best in more than year.
     
  • New Zealand March REINZ median house prices +1.7% m/m, +10.3% y/y.
     
  • New Zealand March food price index -0.3% m/m, +1.3% y/y.
     
  • UK March RICS house price balance +22, as forecast, Feb rev +22, +22 lowest since September ’16, London -49, lowest since ’09.

More Info : http://www.firewoodfx.com/post/4392/asia-roundup-aussie-rallies-on-upbeat-employment-report-dollar-hits-multi-week-low-against-yen-on-president-trump-comments-asian-shares-volatile-thursday-april-13th-2017/
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04-17-2017, 11:33 PM,
#54
Asia Roundup: Antipodeans rally on upbeat Chinese economic data, dollar hits 5-month low against yen on North Korea tensions, Asian shares decline amid holiday-thinned trade- Monday, April 17th, 2017

Market Roundup

  • US Treasury – No major trading partner met all three thresholds for enhanced engagement on currency manipulation in ’16 under ’88 law, China, Japan, South Korea, Taiwan, Germany and Switzerland to remain on monitoring list.
     
  • Trump – Why would I call China a currency manipulator when they are working with us on the North Korean problem? – Twitter, Reuters.
     
  • Asian economies escape manipulator tag but expect more pressure on trade – Reuters.
     
  • CFTA IMM CTA data – USD net longs rebound from five-week low, JPY net shorts lowest since Dec, 34.7k contracts, EUR shorts up to 18.9k, GBP shorts up.
     
  • PBOC advisor Fan Gang – Eyes potential cuts to RRR – Yicai magazine.
     
  • China Q1 GDP +6.9% y/y, +6.8% forecast, growth best since Q3 ’15, consumption accounted for 77.2% of growth, 3.34 mln new urban jobs created, net exports accounted for 4.5% of GDP, capital formation 18.3%.
     
  • China Q1 fixed asset investment +9.2% y/y, +8.8% forecast, private-sector +7.7%.
     
  • China Q1 property investment Q4 ’16 +10.0%.
     
  • China March industrial output +7.6% y/y, +6.3% forecast, best since December.
     
  • China March retail sales +10.9% y/y, +9.6% forecast.
     
  • South Korea – North Korea attempts but fails to launch missile – Reuters.
     
  • US NSA McMaster – All options on table for North Korea – Reuters.
     
  • French presidential race tightens further as vote looms – Reuters.

More Info : http://www.firewoodfx.com/post/4401/asia-roundup-antipodeans-rally-on-upbeat-chinese-economic-data-dollar-hits-5-month-low-against-yen-on-north-korea-tensions-asian-shares-decline-amid-holiday-thinned-trade-monday-april-17th-2017/
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04-18-2017, 09:07 PM,
#55
Asia Roundup: Aussie slumps following RBA minutes, dollar off 5-month low against yen on Mnuchin's comments, Asian shares ease amid risk-off sentiment- Tuesday, April 18th, 2017

Market Roundup

  • Japan government nominates reflationists to BoJ Policy Board to replace dissenters Kiuchi, Sato, both Goushi Kataoka and Hitoshi Suzuki hail from MUFJ Group, Kataoka has written on tax barriers, Suzuki market experience.
     
  • Moody's – Japan economic momentum building on the back of rising exports, expected fiscal support.
     
  • Japan FinMin Aso – To discuss broad economic framework with US, not bilateral FTA – Reuters.
     
  • US CommSec Ross – Eager to boost trade relations with Japan – Reuters.
     
  • US TsySec Mnuchin concedes US tax reform slowed by healthcare blow – FT.
     
  • US Feb net overall capital inflow $19.3 bln, Jan rev $121.2 bln, prelim $110.4 bln, foreign holdings of US Treasuries -$13.5 bln, Jan -$7.2 bln, China holdings $1.060 trln vs Jan $1.051 trln, Japan $1.115 trln vs $1.103.
     
  • FOMC ViceChair Fischer – Sees no repeat of taper tantrum this time around, balance sheet plan won’t affect Fed policy – Reuters.
     
  • China Q1 non-financial outbound direct investment -48.8% y/y to $20.54 bln, March only -30.1% to $7.11 bln.
     
  • China March home prices +0.6% m/m, +11.3% y/y, Feb +0.3%, +11.8%.
     
  • RBA April meeting minutes – Steady rates consistent with growth-inflation targets, boxed-in by soft jobs, hot housing, rising AUD would complicate economic adjustment.
     
  • Foreign holdings of NZ government debt in March off to 59.0%, Feb 60.0%.
     
  • Clock ticking on consumer-led UK recession – James Saft, Reuters Column.
     
  • UK Weetabix to be sold by China interests to US Post Holdings for $1.76 bln – Financial Times.

http://www.firewoodfx.com/post/4404/asia-roundup-aussie-slumps-following-rba-minutes-dollar-off-5-month-low-against-yen-on-mnuchins-comments-asian-shares-ease-amid-risk-off-sentiment-tuesday-april-18th-2017/
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04-20-2017, 11:14 PM,
#56
Asia Roundup: Kiwi rallies following better-than-expected CPI data, euro steadies as first round of French election looms, Asian shares volatile- Thursday, April 20th, 2017

Market Roundup

  • FOMC ViceChair Fischer – Rate hikes likely manageable for foreign economies, Fed policy normalization will be gradual – Reuters.
     
  • Japan DepPM/FinMin Aso – Won’t resort to helicopter money, fiscal prudence important, pushes back against pressure for bilateral trade deal – Reuters.
     
  • Japan March trade surplus Y614.7 bln, Y575.8 bln eyed, exports +12.0% y/y, imports +15.8%, +6.7% and +10.4% eyed, exports to US +3.5% but surplus -8.1%, exports to China +16.4%, Asia +16.3%, Japan exports best since Jan ’15, FY ‘16/17 balance in surplus, first full-year surplus in six years.
     
  • Japan March crude import volume -16.8% y/y, LNG -0.1%, thermal coal +5.6%.
     
  • MoF flow data week-ended April 15 – Japanese sell net Y231.7 bln foreign stocks, Y796.2 bln bonds, buy Y21.9 bln bills; foreign investors buy net Y315.2 bln Japanese stocks, Y410.5 bln JGBs, sell Y631.9 bln bills.
     
  • Japan April Reuters Tankan Mfg index +26, non-Mfg +28, March +25, +26, Mfg index highest since Aug ’07, July eyed at +20, +26, mood best since pre- financial crisis but caution still reigns.
     
  • China SAFE – Will open capital account in prudent, orderly way, cross-border flows becoming more balanced, Fed move impact diminishing, China commercial bank March FX net sales $11.6 bln – Reuters.
     
  • Australia Q1 NAB survey – businesses ramp up hiring, investment plans, Confidence index +6 vs Q4 +6, conditions index +8 vs +6, improvements eyed.
     
  • New Zealand Q1 CPI +1.0% q/q, +2.2% y/y, +0.8% and +2.0% eyed, Q4 +0.4%, +1.3%, CPI now above RBNZ target midpoint as food prices jump, causes temporary?

More Info : http://www.firewoodfx.com/post/4417/asia-roundup-kiwi-rallies-following-better-than-expected-cpi-data-euro-steadies-as-first-round-of-french-election-looms-asian-shares-volatile-thursday-april-20th-2017/
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04-21-2017, 11:05 PM,
#57
Asia Roundup: Kiwi hits 1-week lows, euro eases from 3-week high amid French election concerns, investors eye UK retail sales – Friday, April 21st, 2017

Market Roundup

  • Reuters poll – France Macron support 24% (unch), Le Pen 21.5% (-1.5%), Fillon 20% (+0.5%), Melenchon 19.5% (+1.5%), race neck and neck.
     
  • Global finance leaders find a more temperate Trump – Reuters ANALYSIS.
     
  • G20 finance chiefs focus on geopolitical risks, currency – Kyodo.
     
  • Japan DepPM/FinMin Aso – Japan-US reconfirmed FX to be dealt by finance Chiefs – Reuters.
     
  • BoJ Gov Kuroda – Geopolitical risks cloud economic outlook – Bloomberg.
     
  • Kuroda – Warns against policies unwinding free trade, will continue with easy policy stance till 2% inflation target hit – Reuters.
     
  • Japan April PMI Mfg 52.8, March final 52.4, export orders growth faster.
     
  • Reuters poll – Japan Inc braces for labor reform, associated cost rises, plans to boost productivity.
     
  • Foreign CB US debt holdings -$6.437 bln to $3.206 trillion Apr 19 week, Treasury holdings -$5.769 bln to $2.884 trillion, agencies -$723 mln to $259.831 bln.
     
  • NY Fed – Swaps with foreign CBs $35 mln April 19 week, all with ECB.
     
  • Lipper – US-based non-domestic stock funds attract $1.5 bln latest week, Investors taper EZ stock buying ahead of French vote.
     
  • New Zealand April ANZ/RM consumer confidence index 121.7, March 125.2, 7-mo low

More Info : http://www.firewoodfx.com/post/4420/asia-roundup-kiwi-hits-1-week-lows-euro-eases-from-3-week-high-amid-french-election-concerns-investors-eye-uk-retail-sales-friday-april-21st-2017/
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04-25-2017, 10:25 PM,
#58
Asia Roundup: Yen edges down to 110.23, Asian markets rise firmly, gold flat at $1,272 – Tuesday, April 25, 2017

Market Roundup

  • Trump call for new UN sanctions against North Korea (wrap).
     
  • North Korea conducts large-scale artillery drills on anniversary.
     
  • US CommSec Ross – US to impose 20% duties on Canadian softwood lumber.
  • Trump flexible on border wall funding, could wait till fall, administration engaged in constructive stance on NAFTA behind scenes.
     
  • BOJ Dep Gov Iwata – Conducting simulations on exit from stimulus, withheld publicizing tests to avoid market confusion.
     
  • Japan March corporate service prices +0.6% m/m, +0.8% y/y, FY ’16-17 +0.4%.
     
  • China Q1 urban registered unemployment 3.97%, end ’16 4.06%.

More Info : http://www.firewoodfx.com/post/4426/asia-roundup-yen-edges-down-to-110-23-asian-markets-rise-firmly-gold-flat-at-1272-tuesday-april-25-2017/
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04-26-2017, 10:44 PM, (This post was last modified: 04-26-2017, 10:45 PM by ArianTechTrade.)
#59
Asia Roundup: Japanese yen falls against U.S. dollar, hits fresh 2-week low at 111.50, Asian markets up, gold stabilizes around $1,262 mark – Wednesday, April 26, 2017

Market Roundup

  • US CommSec Ross expects to complete NAFTA rewriting this year, to launch trade actions to protect US aluminum/semiconductor/shipbuilding industries, will ramp up free-trade talks with EU/Japan/UK, looking at potentially “opening up” South Korea – Wall Street Journal.
     
  • Trump to propose 10% tax on offshore earnings – Bloomberg.
     
  • Trump to abandon contentious border tax on imports – New York Times.
  • US military being moving THAAD missile defense into SoKorea site – Yonhap.
     
  • Australia Q1 CPI +0.5% q/q, +2.1% y/y, trimmed mean +0.5%, +1.9%, weighted mean +0.4%, +1.7%, +0.6/+2.2%, +0.5/+1.8% and +0.5/+1.8% eyed, inflation highest since ’14 and enters RBA target band but still underwhelms.
  • NZ March migration gain, short-term visitors -0.2% y/y.

More Info : http://www.firewoodfx.com/post/4429/asia-roundup-japanese-yen-falls-against-u-s-dollar-hits-fresh-2-week-low-at-111-50-asian-markets-up-gold-stabilizes-around-1262-mark-wednesday-april-26-2017/
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04-27-2017, 09:44 PM, (This post was last modified: 04-27-2017, 09:51 PM by ArianTechTrade.)
#60
Americas Roundup: Dollar retreat against euro after Trump tax plan, Wall Steet dips, Oil prices stable after big draw in U.S. crude inventories-April 27th,2017

Market Roundup

  • US Building permits +4.2% v 3.6% previous
  • White House readies order to quit NAFTA – administration official
  • US NEC’s Cohn: Trump to repeal AMT, death tax; will protect mortgage tax deduction, simplify tax filing.
  • US Treasury Secretary Mnuchin: Administration believes 3% growth rate sustainable.
  • Canadian Retail sales m/m Feb -0.6% v -0.1% forecast, 2.3% previous.
  • US moves THAAD anti-missile to S. Korean site, sparking protests; Frontrunner in S. Korean presidential race denounces move.
  • US crude inventories fall, products build as refining jumps –EIA.

More Info : http://www.firewoodfx.com/post/4431/americas-roundup-dollar-retreat-against-euro-after-trump-tax-plan-wall-steet-dips-oil-prices-stable-after-big-draw-in-u-s-crude-inventories-april-27th2017/



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