Wrap time, yo.
China comments on the yuan exchange rate
Chinese foreign direct investment slips to 5.0% from 5.5%
Renminbi taking on a larger market role
PM Abe takes step toward emboldening military
Yields are at the helm of our economic pontoon boat
AUD/USD update
EUR/CHF: where to next?
USD/CHF in the short term
USD/ZAR: exotic pairs leads to exotic profits what lead to exotic vacations
NZD/JPY: a short for heroes
Upside/downside risk capture
Credit Suisse finalizing $2.5 guilty plea and payment
Merger News: GE sends last ditch effort to France
Yellen spoke at small business week but said nothing
Nikkei got whacked
Hedge funds released their updated holdings
Spurious correlations: finding patterns where none exist
Another steady Asian session. AUD/USD made a run down to .93400 but was firmly rejected back up to .9355 or so. Between 4pm EST and 8pm EST the EUR/CHF popped twenty pips, which is an adjusted 65 pips for this pair. It has since drifted 10 pips back down. EUR/USD slept in a comfy 10 pip range.
USD/JPY showed a little fight, at least. It’s still trapped between 101.60 and 101.40 but it took a few shots in each direction. But it is looking a little heavy to me. When I first looked at my screen tonight NZD/JPY was at 87.70 and it’s sitting on 87.745 as I type this. Yeehaw.
French non-farm payrolls could provide a little volatility but it’s probably going to be slower until US and Canadian data hits. At 8:30am EST tomorrow housing starts and building permits will be squarely in view. The dominant chatter says housing is weak and getting weaker. Yesterday’s weak NAHB doesn’t suggest positivity, though.
I’ve had a lot of fun posting and chatting with you all in the comments section. Thanks for taking the time to work through the markets with me! Eamonn is back next week. Have a good weekend, everyone!