Risk-aversion emerged the main theme in Asia this Tuesday, with the Yen regaining ground against its American counterpart, following the warning issued by the North Korean UN ambassador. As a result, the Antipodeans also traded on the back foot, with the Aussie facing double whammy amid dovish RBA minutes.

Meanwhile, the US dollar extended its bid tone and went on to hit fresh five-day tops at 93.27, before entering a phase of consolidation near the last. The Asian equities picked-up strength over the last hour, while oil prices traded largely subdued, despite escalating Iraq tensions.

Main topics in Asia

RBA minutes: rate change timing here dependent on local economic conditions

The RBA minutes were released and the Aussie dropped a handful of pips with the minute not showing any surprises…

North Korean UN envoy says 'nuclear war may break out at any moment' - Guardian

North Korea’s deputy UN ambassador has warned that the situation in the Korean Peninsular has reached "the touch-and-go point and a nuclear war may breakout at any moment".

RBA's Ellis - Starting to see spill over effect from public infrastructure spending

Comments from RBA Assistant Governor Ellis crossing the wires via Reuters.

NZ CPI first thoughts - Westpac

Analysts at Westpac's first thoughts on the NZ CPI data that arrived as follows..

US, Japan fail to bridge gap on trade in economic talks - RTRS

Reuters out with the latest reports, citing that the US Vice President Mike Pence and Japanese Finance Minister Taro Aso failed to bridge the differences on issues of trade during economic talks on Monday. 

Key Focus ahead

Traders are poised for a busy calendar ahead, with plenty of risk events from the European calendar, viz., UK CPI, German ZEW surveys and Eurozone final CPI. Also, of significance remains the speeches by the BOE Governor Carney and board members Ramsden and Tenreyro. In the NA session, a fresh batch of US macro data are up for grabs, including the industrial production, import prices and capacity utilization. Besides, FOMC member Harker’s speech and NZ GDT price index data will also hog the limelight later on Tuesday.

GBP/USD - Will UK CPI lift Sterling?

GBP/USD fell to a low of 1.3225 on Monday after reports hit the wires that that unless the European Union concedes on some key issues, Brexit talks could collapse.

EUR/USD - Bond market sending mixed signals, focus on the Spanish / Catalonia standoff

The EUR/USD pair fell to a 5-day low of 1.1775 in Asia on reports that US President Donald Trump was impressed with Stanford University economist John Taylor during an interview for Fed Chair. 

Topsy Turvy Tuesday?

Dealers have spent the last 24 hours digesting Friday’s CPI fallout while keeping an eye on geopolitical risk amidst the deluge of Fed chair speculative headlines.

GBP - Will Hope for BoE Overshadow Brexit?

There was very little movement in currencies on Monday and this lack of volatility could be indicative of trading for the rest of the week.

GMT
Event
Vol.
Actual
Consensus
Previous
Monday, Oct 16
n/a
2.28%
 
1.55%
18:00
 
$6B
$-108B
18:00
 
 
21:00
 
 
10.7%
21:00
 
 
9%
21:45
1.9%
1.8%
1.7%
21:45
0.5%
0.4%
0.0%
Tuesday, Oct 17
00:30
 
 
00:30
-0.5%
 
0.0%
00:30
-0.8%
 
1.7%
07:00
 
 
0%
07:00
 
 
2.1%
07:00
 
1.7%
1.6%
07:00
 
0.1%
0.0%
08:00
 
 
€2.028B
08:00
 
€4.23B
€6.56B
08:00
 
 
08:30
 
4.0%
3.9%
08:30
 
0.3%
0.7%
08:30
 
5.4%
5.1%
08:30
 
0.1%
0.2%
08:30
 
3.3%
3.4%
08:30
 
0.3%
0.4%
08:30
 
8.3%
7.6%
08:30
 
2.6%
2.5%
08:30
 
1.2%
1.6%
08:30
 
2.8%
2.7%
08:30
 
3.0%
2.9%
08:30
 
0.3%
0.6%
n/a
 
 
-0.368%
08:50
 
 
-0.485%
09:00
 
20
17
09:00
 
89.0
87.9
09:00
 
34.2
31.7
09:30
 
 
10:00
 
0.4%
0.3%
10:00
 
1.5%
1.5%
10:00
 
0.4%
0.3%
10:00
 
1.1%
1.1%
10:15
 
 
12:00
 
6.2%
6.6%
12:30
 
2.6%
2.1%
12:30
 
0.6%
0.6%
12:30
 
 
2.3%
12:30
 
0.4%
0.6%
12:55
 
 
3.2%
12:55
 
 
-1.5%
13:15
 
0.2%
-0.9%
13:15
 
76.2%
76.1%
14:00
 
64
64
n/a
 
 
-2.4%
15:30
 
 
1.015%
17:00
 
 
20:00
 
 
$-7.3B
20:00
 
$14.3B
$1.3B
20:30
 
 
3.097M
23:00
 
 
3.8%
23:30
 
 
-0.1%
Wednesday, Oct 18
24h
 
 
03:00
 
 
6.7%
08:00
 
 
4.8%
08:00
 
 
0.1%
08:10
 
 
08:30
 
1.0K
-2.8K
08:30
 
4.3%
4.3%
08:30
 
 
2.1%
08:30
 
 
2.3%
08:30
 
2.0%
2.1%
09:00
 
 
0.2%
09:00
 
 
3.4%
n/a
 
 
1.27%
n/a
 
 
€-0.633B
11:00
 
 
-2.1%
11:45
 
 
12:00
 
 
12:00
 
 
12:00
 
 
7.6%
12:00
 
 
8.8%
12:00
 
 
3%
12:30
 
 
5.7%
12:30
 
 
-0.8%
12:30
 
1.18M
1.18M
12:30
 
1.25M
1.30M
12:30
 
1.0%
-2.6%
n/a
 
 
1.5%
n/a
 
 
4.7%
14:30
 
 
-2.747M
15:00
 
 
$-520.1M
15:15
 
 
18:00
 
 
23:50
 
14.9%
18.1%
23:50
 
 
¥367.3B
23:50
 
15.0%
15.2%
23:50
 
¥559.8B
¥112.6B Revised from ¥113.6B
23:50
 
 
¥89.2B
23:50
 
 
¥1,235.3B
Thursday, Oct 19
24h
 
 
24h
 
 
00:30
 
 
54.2K
00:30
 
 
40.1K
00:30
 
 
14.1K
00:30
 
 
5.6%
00:30
 
 
65.3%
01:00
 
 
1.25%
02:00
 
10.2%
10.1%
02:00
 
6.2%
6.0%
02:00
 
 
02:00
 
7.7%
7.8%
02:00
 
6.8%
6.9%
02:00
 
1.7%
1.7%
04:00
 
 
5%
04:30
 
 
-0.1%
04:30
 
 
4.7%
06:00
 
 
2,173M
06:00
 
 
16,667M
06:00
 
 
14,494M
07:00
 
 
13.1%
07:30
 
 
6%
08:00
 
 
08:30
 
2.4%
2.8%
08:30
 
0.1%
1.0%
08:30
 
-0.2%
1.0%
08:30
 
2.0%
2.4%
n/a
 
 
3.1%
n/a
 
 
1.36%
n/a
 
 
0.026%
08:50
 
 
2.804%
n/a
 
 
1.161%
12:30
 
 
1.889M
12:30
 
245K
243K
12:30
 
23.7
23.8
13:00
 
 
3
n/a
 
 
$423.3B
13:30
 
 
14:30
 
 
87B
n/a
 
 
2.5%
21:00
 
 
3.2%
n/a
 
 
0.3%
21:45
 
 
5.8%
Friday, Oct 20
24h
 
 
04:30
 
 
2.8%
04:30
 
 
23
06:00
 
0.1%
0.2%
06:00
 
2.9%
2.6%
06:35
 
 
07:00
 
 
0.3%
08:00
 
 
€25.1B
08:00
 
 
€32.5B
08:30
 
 
£5.093B
11:30
 
 
$398.79B
12:00
 
 
0.11%
n/a
 
 
6.5%
12:30
 
0.3%
0.2%
12:30
 
0.4%
0.4%
12:30
 
0.3%
0.1%
12:30
 
0.3%
0.1%
12:30
 
1.6%
1.4%
12:30
 
 
0.9%
12:30
 
 
0%
13:00
 
 
3.3%
13:00
 
 
3.5%
14:00
 
5.30M
5.35M
14:00
 
-1.0%
-1.7%
17:00
 
 
743
18:00
 
 
19:30
 
 
$200.1K
19:30
 
 
417.1K
19:30
 
 
$140.5K
19:30
 
 
£15.5K
19:30
 
 
¥-101.4K
19:30
 
 
€98.1K
19:30
 
 
$69.2K
23:15
 
 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

EUR/USD steadies near 1.0550, looks to post modest weekly gains

EUR/USD steadies near 1.0550, looks to post modest weekly gains

EUR/USD has lost its bullish momentum after having climbed above 1.0570 with the initial reaction to the US data in the American session and retreated toward the mid-1.0500s. On a weekly basis, the pair remains on track to close in positive territory. 

EUR/USD News

GBP/USD struggles to hold above 1.2300

GBP/USD struggles to hold above 1.2300

GBP/USD has edged lower following a jump above 1.2300 in the early American session on Friday. The market mood remains upbeat ahead of the weekend with Wall Street's main indexes posting strong daily gains on upbeat US data. 

GBP/USD News

Gold stays below $1,830 as US yields edge higher

Gold stays below $1,830 as US yields edge higher

Gold continues to fluctuate below $1,830 on Friday and looks to close the second straight week in negative territory. Fueled by the risk-positive market environment, the benchmark 10-year US Treasury bond yield is up more than 1% on the day, limiting XAU/USD's upside.

Gold News

Why Cardano could surprise over the weekend

Why Cardano could surprise over the weekend

ADA  set to close out the week with a gain on the workday trading week and over the weekend? Central banks signaled that the rate hike cycle is ending, meaning less stress and tight conditions for trading, opening up room for some upside potential with Cardano set to pop above $0.55 and test a significant cap.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Forex MAJORS

Cryptocurrencies

Signatures