The Traderszone Network

The euro skidded to two-month lows against the dollar on Friday, a day after the European Central Bank hinted at more stimulus in December.

Forex news for Asia trading Friday 23 October 2015
– Late US –
EUR/USD continued lower in the early Asian trading, ticking below 1.1080 and finding some support. it had a small bounce and then retested the lows before recovering a little higher, eventually (as of writing) around 40 or so points higher from its lows. Given it fell 250 odd points overnight, I’ve dubbed it a mini recovery. Smaller adjectives welcome.

All four of Australia’s big four banks (Larry, Curly, Moe and Schemp) have now lifted their mortgage rates
ANZ hikes by 18bp
. CBA did so yesterday. WPAC hiked last week.

Oil prices extended gains into a second day in Asian trade on Friday, finding support from brighter economic data and a global stock market rally after the European Central Bank signaled its willingness to launch more stimulus measures. The gains followed a slew of upbeat economic data, while ECB president Mario Draghi said new Eurozone pump priming initiatives could be unveiled as soon as December. “It’s all about the numbers,” said Jonathan Barratt, chief investment officer at Sydney’s Ayers Alliance.

South Korea’s economy grew at its fastest pace in five years in the third quarter, shaking off the blow dealt by the MERS outbreak earlier in the year.

Its Friday and time for some fun! But … not yet 🙁
Here is a video explaining why the commercial banks hiking mortage rate won’t automatically lead to an RBA rate cut on Tuesday next week.

Puerto Rico could be completely illiquid by November, pushing it closer to defaulting on major debt payments, top officials said.