#asian session

[marketsandyou]

Asian Stocks Weighs Higher after Wall Street Equities Surged  

Asian stocks weighs higher after Wall Street equities rose as investors weighed a U.S. deal that ensures the funding of its government through mid-December against persistent geopolitical tensions. The yen stayed lower after an overnight drop.

Most industry groups advanced, lifting the MSCI Asia Pacific Index by 0.4 percent. China trade figures are anticipated to show another month of solid export growth, while FX reserves probably continued to rise on stricter capital controls, robust growth and a stronger yuan.

Malaysia’s central bank will probably hold its benchmark rate at 3 percent at meeting. Australian retail sales were unchanged in July from June, while the nation’s trade surplus in July came in less than economists expected.

In stocks, the Topix index rose 0.6 percent as of 11:03 a.m. Tokyo time, while the Kospi index in South Korea was up 1 percent and Australia’s S&P/ASX 200 Index added 0.3 percent. Hong Kong’s Hang Seng Index gained 0.4 percent. 

Chinese indexes fluctuated. S&P 500 Index futures slipped less than 0.1 percent after the underlying gauge rose 0.3 percent.

On the other hand, Japanese yen was steady at 109.13 per dollar after falling 0.4 percent Wednesday, when it had earlier traded near its highs for the year.

The Aussie dollar was back below 80 U.S. cents after the retail sales and trade data.  Australia’s 10-year yield rose four basis points to 2.64 percent

[marketsandyou]

Asian Stocks Fluctuate after Fed Failed to Provide Clues on Monetary Policy

Asian stocks fluctuated after Federal Reserve failed to provide clues on monetary-policy tightening. Benchmarks in Tokyo swung between gains and losses, while they dropped in Seoul and Sydney with S&P 500 Index futures. 

Gasoline futures jumped as the wider impact of the storm that shut more than 10 percent of U.S. fuel-making capacity was becoming more evident. The euro traded near the highest since 2015 after European Central Bank President Mario Draghi refrained from talking down the common currency at Jackson Hole.

With the much anticipated central bank meeting now behind them, investors this week will be eager for signs of constructive progress in U.S. politics after comments on Friday from Gary Cohn, director of the National Economic Council, cut through much of the gloom that had been generated by recent White House scuffles. 

Treasury traders face a week headlined by Tuesday’s auction of bills that mature Sept. 29, the deadline Treasury Secretary Steven Mnuchin has called critical for raising the debt ceiling. They will then look forward to inflation and payrolls data that will be key for determining the Fed’s next moves. 

Federal Reserve Bank of Cleveland President Loretta Mester urged her colleagues to look past recent weak inflation data and to stick to their gradual pace of lifting interest rates.

Also at the Jackson Hole symposium on Friday, Bank of Japan Governor Haruhiko Kuroda said the recent pace of growth in the world’s third-largest economy is probably unsustainable and pledged to continue with very accommodative monetary policy “for some time” because the BOJ is far from its inflation target.

Japan reports jobs data on Tuesday and retail sales figures on Wednesday. Hong Kong reports on retail on Tuesday, while Australia is due to publish data on Wednesday detailing construction work done.

The main moves in markets, Japan’s Topix index was little changed as of 10:31 a.m. in Tokyo, while South Korea’s Kospi index fell 0.4 percent. Australia’s S&P/ASX 500 Index declined 0.7 percent. The Hang Seng Index in Hong Kong opened up 0.3 percent and the Shanghai Composite Index was trading 0.6 percent higher.

[marketsandyou]

ASIAN SESSION 

WTI crude oil abruptly fell over 3% below $44/brl without any specific catalyst, though analysts continue to attribute the recent dry spell for oil prices to worries about supply and demand. Japan and Korea remain closed for holiday, while Australia was down for the 4th straight session. 

Ahead of Friday's non-farm payrolls, risk-off flows weighed on USD/JPY, as it fell some 50pips below 112.20. AUD/USD was down about 40pips as well below 0.7370, while NZD/USD was briefly lifted by RBNZ inflation outlook.

In economic data, RBNZ's Q2 inflation expectation survey forecast 2-year CPI at 2.17% - the highest since Q3 of 2014 - and 1-yr expectation rising to 1.92% from 1.56%. Hong Kong composite PMI hit a 3-year high, emerging out of contraction for the first time in 4 months. 

Economist noted increased pre-production inventories and busier suppliers along with intensifying inflation pressure. RBA's quarterly monetary policy statement largely reiterated its forecasts for growth and inflation 2-years out, but also noted the recent run of constructive economic data provides assurance about domestic outlook.

[marketsandyou]

ASIAN SESSION

Asian indices are tracking lower despite the modest gains in US indices as traders express caution over geopolitical and policy risks stemming out of Washington and Beijing. In his "100-day in office" milestone interview, President Trump turned his focus to both North and South Korea. 

On the former, Trump said it is his "biggest worry" and that it would be very difficult to resolve situation diplomatically, adding that "we could end up having a major, major conflict with North Korea." Subsequently, however, Trump criticized the current trade deal with South Korea, noting that US is owed $1B by Seoul for the deployment of THAAD missile defense system. 

In China, banking regulators have turned more of their focus on the property sector, tightening loans to developers and urging banks to monitor financing risks.

In FX, dollar majors traded little changed despite the cautious tone in stocks, with US GDP report coming into focus in early Friday session. NZD/USD remained in a tight range despite New Zealand hitting a trade surplus for the first time in 9 months, as exports to China jumped over 40% y/y. 

Japan saw a wide range of mixed economic data - national CPI slowed to a 5-month lows and industrial output y/y decline was the biggest in 9 months, while unemployment was better than expected matching 1994 lows and annualized retail trade reaching near 2-year high.

[marketservicesaustralia]

Asia Session 

Safehaven flows continues in Asia with equities generally in the red to start the session. Most notably the Nikkei and Kospi. 

Precious metals continue to be bid across the board; the U.S 10-year trades at 2.28% and both Brent and WTI have moved higher. 

Vix has spiked up to a 2-week high, US benchmark Treasury yield is testing a key long-term support of 2.30%, and Nikkei225 is the worst performing major index on Yen strength (both Nikkei and USD/JPY are at lowest levels since mid-Nov). 

Gold prices have also extended their gains on safehaven demand, while Dalian Iron Ore price decline is weighing on the high-beta Aussie Dollar currency. AUD/USD has fallen back below $0.75 near its 2 1/2 month lows going into tomorrow's critical Australia employment data.

China consumer inflation remained underwhelming in March, as m/m CPI fell for the 2nd straight month and y/y was near its 2-year lows below 1%. 

Food CPI component fell again by over 4%, while non-food rose slightly by 2.3% v 2.2% prior. Recall China has a formal 2017 CPI target of 3%. Conversely, rising input costs have continued to prop up wholesale inflation, with PPI up for the 7th straight month at +7.6% - close to consensus.

[emotionedu-blog]

Penjelasan jatuhnya GBPUSD

[fake-diploma-giving-l]

Forex Trading Hours - Employed Your Trades In Early

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