The Traderszone Network

Tell us what needs to be done in light of the massive data leak that tied world leaders to possible financial crimes.

Here’s your data calendar for today 11 April
Greetings one and all, and I trust you had an enjoyable week-end.
This morning’s session is  brought to you through even more blurry eyes than usual having stayed up to watch The Masters golf. Always a must-watch event for me and what a victory for our man Willett.  Got to feel for Spieth as his magic spell over Augusta deserted him at the death, but he’ll be back.

Negative interest rates risk hitting consumer spending and undermining economic growth, said BlackRock CEO Fink, the FT reports.

Forex news for Asia trading Monday 11 April 2016
– China passenger car sales +7.8% (March) y/y (-3.7% in February)
Weekend:
Yen strength again today, beginning in the early goings on during the NZ morning, with USD/JPY dropping under 108.00, comments from ex-BOJ board member cited (see bullets above). It reversed over the following couple of hours back toward 108.30 but as the Tokyo morning got underway the move was lower again, to circa-107.60 and then another bounce, while the Nikkei showed a bit of life, coming back from its earlier lows (but still negative on the session so far).

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Significant overcapacity will remain in China’s steel sector even after restructuring, industry executives said. The FT reports.

Headlines crossed earlier today:
Former BOJ member Shirai – BOJ should not ease more this month
More from Bloomberg  now:
– “I don’t think the BOJ has a lot of room left to cut the rate further”

John Kerry will not apologize for the use of the atomic bomb when visits the Hiroshima Peace Memorial Museum on Monday, a senior U.S. official said.