Forex news for Asia trading Tuesday 11 December 2018 Japanese stock markets slid again during morning trade, with a yen move intertwined as USD/JPY trickled down from its US highs back towards 113.00. The Nikkei hit an 18-month low. US overnight stock index trade slid also, emini S&Ps were down 0.5% on Globex… Until a
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2130 GMT Reserve Bank of Australia’s Christopher Kent, Assistant Governor (Financial Markets) is speaking, his topic is US Monetary Policy and Australian Financial Conditions. Its a Bloomberg event. Expect plenty from this! The Australian dollar has opened for early trade just a touch lower than its late Friday 2145 GMT New Zealand Q3 manufacturing activity
When everyone is looking at something, it changes In quantum physics, the observer effect is the theory that simply  observing a situation or phenomenon necessarily changes that phenomenon. Economics has something similar, called Goodhart’s law. It’s named after British economist Charles Goodhart who observed that when a measure becomes a target, it ceases to be a
Barclays Research discusses its USD outlook in 2019 “We expect the USD to sustain its high-level – ie. overvalued – range trade against other G10 FX while continuing to grind higher versus more challenged EM currencies. As in recent months, we expect the USD’s modulation against other G10 to reflect the ongoing tension between high
The latest GDP trackers From the NY Fed: “Negative surprises from lower than expected exports and imports data were only partially offset by positive surprises from the ISM manufacturing survey, while for 2019:Q1, the impact of positive surprises from the ISM manufacturing survey dominated.” From Atlanta Fed: ” The nowcast of fourth-quarter real final sales of