The Traderszone Network

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Forex news for Asia trading Thursday 14 July 2016
Coming up – Bank of England meeting!
Some early movement in the pre-Tokyo trading period today. There were reports of explosions in Brussels which saw a small shift away from ‘risk’ and a bid for the yen. The explosions were said to be ‘just’ in a line of cars and the news didn’t go anywhere from there. ‘Just’ exploding cars? Maybe Europeans have a different (lower) quality expectation of their motor vehicles.

Hyundai Motor Co.

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Boris Johnson’s appointment to the British foreign office understandably left many perplexed on Twitter.

A week-long rally across Asian stocks hit the brakes Thursday, with investors waiting to see whether the Bank of England’s interest-rate decision would make or break further equity gains.
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With its 2Q figures due Friday, China has been careful to prep markets for further signs of a gradual slowdown.

Britain’s new finmin will have to steer an economy poised for a recession, as well as convince banks to stay in the U.K. post-Brexit.