The Traderszone Network

Forex news for Asia trading Wednesday 15 June 2016
More Brexit polls during the late NY day/early Asia, but not impacting on GBP to the extent that they have been. GBP traded tightly range bound for the first few hours and has since edged a little higher into the Tokyo afternoon. UK Chancellor Osborne did a dummy-spit, threatening tax hikes if the ‘leave’ side prevails in next week’s referendum.

Foreign ministers from Southeast Asia jointly voiced “serious concern” over rising tensions in the South China Sea, but their unusual show of unity against Beijing appeared to collapse just hours later as their statement was retracted.
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Remarks on equities from Marko Kolanovic, J.P. Morgan’s global head of derivative and quantitative strategies
(these are not new, just a recap)
– Recent gains did not have much justification in fundamentals or investors’ psychology
–

North Korea may have added another four to six nuclear weapons since last year, a U.S. research institute said on Tuesday.

Goldman Sachs says mainland shares could join the EM index within a year, but JPMorgan says a 10-year wait wouldn’t be a surprise.

Insurers may be the poster-child for victims of ultra-low rates globally, but Manulife’s CEO said they aren’t hurting his company.

Even on a newly frugal Wall Street, bank executives remain under pressure to cut more costs.
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