The Traderszone Network

Here’s what the DTCC have listed at the moment, and it’s not a lot
– USDJPY 120.70 (380m)
– EURUSD 1.1100 (400m) 1.1140 (241m)
I’ll check back later for updates

Billionaire investor activist Carl Icahn ramped up criticism of the U.S. Federal Reserve, warning about the unintended consequences of ultra low interest rates on the economy and financial markets. “They don’t understand the treacherous path they are going down,” Icahn said in an interview with Reuters, in which he also declared his support for Donald trump as a candidate to be the next U.S. president. It’s very dangerous and could be disastrous,” said Icahn, who has been a consistent critic of the Fed for keeping its benchmark interest rate close to zero since late 2008.

Oil prices remained low in early Asian trading on Tuesday following a slide of almost 3 percent the previous session, dragged down as concerns over Asia’s economic health mounted and as production remained high. U.S. West Texas Intermediate (WTI) futures (CLc1) were at $44.44 a barrel, virtually unchanged from their last settlement. Oil prices, along with most other commodities, have fallen sharply recently, with crude futures losing almost 60 percent of their value since June 2014.

The Nikkei has been under the cosh all day and that has undermined USDJPY
Currently 119.53 with demand noted at the session lows of 119.50 and the Nikkei finding a little support around 17,000 after just posting lows of 16,973.37

Greetings one and all
A busy start to the week and we can expect that to continue with the focus on equity markets still
Data wise we have plenty coming up today inc Spanish CPI and all the German regional inflation readings ahead of the provisional German CPI later.

I posted earlier that Icahn was on his way with a video
He put a ‘trailer’ up, and the full thins is out now … if that’s your thing
Major points via Reuters:

Forex news for Asia trading Tuesday 29 September 2015
China
Federal Reserve’s Willaims speech, Q&A:
It was a continuation day in Asia today, with further stock market weakness after the falls overnight, EUR and yen strength on risk aversion, and AUD and NZD weakness also. Yen outperformed the euro, with EUR/JPY slightly lower, but noth gained today against the USD.