The Traderszone Network

Forex news for Asia-Pacific trading June 10, 2016
Markets:
– JPY in the lead, AUD lags
– Nikkei down 0.8% to 16537
– Gold down $2 to $1267
– WTI crude down 14-cents to $50.42
China was on holiday for the second day and that kept a bit of a damper on trading along with a quiet economic calendar but moves in AUD, JPY and EUR kept things lively.

US ratings agency out with a report of Japanese banks 10 June 2016
– low-growth operating environment, BOG neg rate policy, increased foreign ccy funding costs will pressure profitability for Japan’s banks
Tough time for banks as per Adam’s and although many will have little sympathy there are definitely concerns over market functionality.

Canadian jobs report due at 1230 GMT (8:30 am ET)
The Canadian dollar has been a star performer since mid-January but a massive forest fire in the heart of oil country led to a pullback in May even as crude prices continued to climb.

Former World Bank economist Pedro Pablo Kuczynski won 41,438 more votes than Keiko Fujimori in Peru’s photo finish presidential election.

The U.S. House of Representatives, on Thursday passed legislation creating a federal control board to help Puerto Rico cope with crippling debt.

The former Nobel Peace Prize winner’s electoral victory in November has given China hopes for a fresh start in Myanmar.
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Brazil is considering an emergency loan to Rio as it prepares to host the Olympics, according to two senior government officials.