Forexlive Asia-Pacific FX news wrap: Markets continue to cheer the pound

Greg Michalowski

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Forexlive Asia-Pacific FX news wrap: Markets continue to cheer the pound

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Forex news for Asian Pacific trading on November 30, 2017.
A snapshot of other markets today shows:
– Spot gold little changed at +$0.46 or +0.4%
– WTI crude oil up $0.12 or +0.19% at $57.51
The post Forexlive Asia-Pacific FX news wrap: Markets continu…

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BOJ Harada: It is possible to raise nominal wages through monetary policy

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Hope springs eternal….
He adds:
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Japan construction orders YoY come in at 6.7% vs -11.6% last month

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Rebound from the prior month. 
The construction orders at Japan’s 50 largest contractors rose 6.7% in October from a year earlier.  This was a rebound from the 11.6% decline last month.
The post Japan construction orders YoY come in at 6.7% v…

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Japan housing starts YoY October -4.8% vs. -2.8% estimate

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Annualized housing starts for October 0.952M estimate
Japan’s housing starts for October comes in weaker than expected:
The post Japan housing starts YoY October -4.8% vs. -2.8% estimate appeared first on Forex news forex trade.
The post Japan housing…

China state planner issues report on China’s overseas investment

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Looking to shine a light on investment overseas
You wonder if China is reacting to Trumps new probes on China aluminium imports
Earlier this year, the U.S. began looking into limits on aluminum and steel imports using national security as the…

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The NZDUSD is going the other way vs the greenback on the back of weaker confidence

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Moves back toward the 50% and key swing area
The NZDUSD is bucking the trend vs the USD today. Whereas the EUR and GBP are higher, the NZD is lower vs the greenback. Hurting the kiwi, was ANZ business confidence which plummeted to -39.3 from -10.1 last…

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Forex technical analysis: EURUSD trades at new day highs

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Looking back toward the 100 hour MA
The EURUSD is trading at session highs, following in the footsteps of the GBPUSD (but at a slower pace).  
The pair is trading at 1.1871 up about 24 pips from the close. The low reached 1.1847.
The post For…

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GBPUSD rises to the highest level since late September

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Also heading back into swing areas from post Brexit trading
The GBPUSD has risen to the highest level since the end of September and in the process has moved back above a topside trendline at 1.3450.  That line was broken yesterday, but failed. Th…

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S.Korea Central bank raises rate to 1.5% from 1.25%

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The move was expected by the market.
The post S.Korea Central bank raises rate to 1.5% from 1.25% appeared first on Forex news forex trade.
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Australia Private Capital expenditures for 3Q comes in at 1.0% vs 1.0% estimate

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Higher than 2Q at 0.8%
– 3Q building, structured investment rise 1.2% QoQ
– 3Q equipment, palnt, machinery investment gain 0.7% QoQ
Data for 3Q comes in as expected. 
The post Australia Private Capital expenditures for 3Q comes in at 1.0% vs 1.0% …

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