Using a tablet
Markets

ForexLive Asia FX news wrap: Fed’s Brainard channels Chuck Norris - ‘watchful waiting’

Forex news for Asia trading Thursday 4 February 2016

Fed's Brainard in the WSJ - "Watchful waiting"

Well, that was disappointing. After huge FX moves overnight the Asian day was relatively sedate.

Cable and USD/CHF have tracked pretty much sideways. As I post cable has dipped to session lows in a small range

And there's not much to add on the EUR/USD, its little changed after a 30 or so point range.

USD/JPY recovered some lost ground, popping above 118 a couple of times and around there as I update.

AUD/USD stumbled a little, dipping towards 0.7150 but bounced back to overnight highs and its close to these as I post. NZD/USD dropped 50 points from its overnight highs but has managed a 30 or so point bounce from its session lows. The iron ore price firmed in China today (Dalian Iron ore limit up)

There was very little in the way of news today.

We did get late NY time comments from Fed governor Brainard with her view that the Fed was in a watching mode for now; 'watchful waiting' was her expression, which sounds like something Chuck Norris does when people think he is asleep.

Australian Q4 business confidence was confirmed as having improved, and comments from the PBOC yet again told us there isn't a rate/RRR cut on the horizon. Yes, again.

The USD/CNY central rate fixing from the People's Bank of China followed the USD lower, with the largest loss for USD/CNY since December 4.

Regional equities:

  • Nikkei -0.35%
  • Shanghai +1.0+6%
  • HK +1.49%
  • ASX +2.24%

Still to come:

  • Boston Fed's Rosengren to speak at 0715GMT
  • ECB President Draghi speaking at 0800GMT
  • European Central Bank Economic Bulletin published at 0900GMT
  • ECB's Knot speaking at 0930GMT
  • Bank of England at 1200GMT, presser at 1230GMT

And Mike will have even more!

And don't forget the free NFP seminar on Friday - you'll need to register:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos