This snippet from Deutsche Bank was buried away ... but dug up and here it is!
Bolding mine ... and if DB are correct there could be some decent USD movement resulting. The timing is at a thin liquidity time of day too ... 6pm NY time is 2300 GMT.
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Forex news for Asia trading Tuesday 21 November 2017
Is it Thanksgiving yet?
We got a bit of bonus activity on Monday but the forex gods made us pay for it today. It was a bit of a snoozer.
The post ForexLive Asia FX news wrap: A quiet pre-turkey session appeared first on Forex news forex trade.
Index is a measure of ... well ... All Industry ....
AS you can see, its for September ... all that counting takes a while!
Comes in at -0.5% m/m
expected -0.4% m/m, prior +0.2%, revised from +0.1%
A miss on expectations ... but August revised up a touch.
The post Japan data – All Industry Activity Index (September) -0.5% m/m (expected -0.4%) appeared first on Forex news forex trade.
HSBC say that "
After a wobble at the start of the year, public borrowing has fallen more sharply than expected of late."
The post UK data due today – October public finances – preview appeared first on Forex news forex trade.
National Australia Bank say
the main data interest will be in Wednesday’s Construction Work Done
ANZ note that
Construction is expected to post significant growth in Q3
The post Australia data due tomorrow (preview): Q3 Construction work done appeared first on Forex news forex trade.
Earlier posts on the November meeting minutes:
This now, via Westpac:
Westpac concludes their note with:
My quick take on the minutes was 'dovish'. Despite this, WPAC still looking for 'on hold' right through 2019.
The post RBA November meeting minutes response: no surprises but mood is more subdued appeared first on Forex news forex trade.
New Zealand - Credit Card Spending for October
0.8 % m/m
- prior +0.7%
2.9 % y/y
- prior +4.9%
NZD and AUD have both slipped a little, while the USD has gained (small) across the board so far in Asia, AUD and NZD are amongst the biggest losers.
The post New Zealand Credit Card Spending (Oct): 0.8% m/m (prior +0.7%) appeared first on Forex news forex trade.
Deputy PM Aso on the wires
- BOJ's JGB buys are not aimed at debt monetisation
- Expect Bank of Japan to keep doing its best to reach the inflating target
- BOJ decides on JGB purchases by itself
He's also made comments on North Korea
The post Japan finance minister Aso: BOJ’s JGB buys are not aimed at debt monetisation appeared first on Forex news forex trade.
The MS call is for AUD/USD in 2019. I posted their shorter term view here:
More on their longer term call, via Hans Redeker, London-based chief global currency strategist:
The post More on Morgan Stanley looking calling AUD/USD to 0.65 appeared first on Forex news forex trade.
Open Market operations ... People's Bank of China
After accounting for maturities of RRs a net 10bn yuan injection
The post PBOC sets USD/CNY reference rate for today at 6.6356 (vs. yesterday at 6.6271) appeared first on Forex news forex trade.