The Traderszone Network

Fitch Ratings believes strongly that China has the administrative and financial resources to avoid a disruptive slowdown to near-zero growth.

Forex news for Asia trading Wednesday 6 April 2016
– QV New Zealand house prices for March +11.4% y/y (prior +11.6%)
Oil data kicked off the session, with the  American Petroleum Institute inventory results showing a surprise draw for the week (draw of 4.3mln barrels from stocks against an expected build of 3.2mln barrels). The oil price gained ground immediately and has continued higher through Asia.

Tohru Sasaki, head of
Japan markets research at JPMorgan
and a former official at the Bojj

Comments in an interview
– Says there are fundamental flows strengthening th yen
via Bloomberg 

The Justice Department is preparing to file a lawsuit to block a proposed merger between Halliburton Co.  and Baker Hughes Inc., the most recent sign that a takeover boom is meeting resistance from U.S.

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China’s publicly traded companies’ annual results are showing the August yuan devaluation cost 48.7 billion yuan ($7.5 billion) in combined foreign-exchange losses for last year.

Figuring out incremental sales can be useful for a business.

Barclays’ Marvin Barth says he expects dollar/yen to head to the 98 level in the first-quarter of 2017.