Christine
04-17-2012, 04:22 AM
Minutes for RBA’s April monetary policy (http://www.rba.gov.au/monetary-policy/rba-board-minutes/2012/03042012.html)meeting released
Prudent to wait for CPI but case can be made for easing if inflation data stays moderate
Australian economic growth still above trend and China growth slowing but solid
China Q1 FDI -2.8% YoY
China MofCOM: Q2 trade will be better than Q1
Japan FinMin Azumi: Japan will lend $60 billion to IMF
Regional stocks pretty flat, Hang Seng -0.7%
Gold $1653/oz; Oil $103/bbl
A very quiet session in Asia with the majors trading quietly in 30 pip ranges.
The market had expected a slightly dovish RBA and they got what they had expected, with the chances of a rate cut early next month now being quoted at around 90%. The AUD/USD had drifted lower pre-minutes and with the market already short, a brief dip was followed by some modest short-covering. All up,*little change on the session. Ranges: 1.0320/63
USD/JPY has also been quiet in a 20 pip range. The equity markets gave little in the way of a lead and flows were also underwhelming. Range: 80.32/54.
EUR/USD closed in NY at 1.3130 and saw some modest profit taking in early Tokyo trade but has been overall very quiet in a 1.3104/37 range.
Cable 1.5877/1.5903; EUR/CHF 1.2012/21
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=kbyqEvr4GAM:d-zz5IRPkOM:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=kbyqEvr4GAM:d-zz5IRPkOM:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=kbyqEvr4GAM:d-zz5IRPkOM:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=kbyqEvr4GAM:d-zz5IRPkOM:qj6IDK7rITs)
Read more... (http://feedproxy.google.com/~r/forexlive-rss/~3/kbyqEvr4GAM/)
Prudent to wait for CPI but case can be made for easing if inflation data stays moderate
Australian economic growth still above trend and China growth slowing but solid
China Q1 FDI -2.8% YoY
China MofCOM: Q2 trade will be better than Q1
Japan FinMin Azumi: Japan will lend $60 billion to IMF
Regional stocks pretty flat, Hang Seng -0.7%
Gold $1653/oz; Oil $103/bbl
A very quiet session in Asia with the majors trading quietly in 30 pip ranges.
The market had expected a slightly dovish RBA and they got what they had expected, with the chances of a rate cut early next month now being quoted at around 90%. The AUD/USD had drifted lower pre-minutes and with the market already short, a brief dip was followed by some modest short-covering. All up,*little change on the session. Ranges: 1.0320/63
USD/JPY has also been quiet in a 20 pip range. The equity markets gave little in the way of a lead and flows were also underwhelming. Range: 80.32/54.
EUR/USD closed in NY at 1.3130 and saw some modest profit taking in early Tokyo trade but has been overall very quiet in a 1.3104/37 range.
Cable 1.5877/1.5903; EUR/CHF 1.2012/21
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=kbyqEvr4GAM:d-zz5IRPkOM:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=kbyqEvr4GAM:d-zz5IRPkOM:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=kbyqEvr4GAM:d-zz5IRPkOM:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=kbyqEvr4GAM:d-zz5IRPkOM:qj6IDK7rITs)
Read more... (http://feedproxy.google.com/~r/forexlive-rss/~3/kbyqEvr4GAM/)