The Traderszone Network

Gold investment demand reaches a first-half-of-the year record as investors seek out a safer place to park their money, according to the World Gold Council.
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Forex news for Asia trading Thursday 11 August 2016
The Reserve Bank of New Zealand delivered the much telegraphed rate cut today, a 25bp cut and a promise of more to come, especially if the NZD rises (so we should get another one tomorrow, right? – joke). As soon as the cut was announced the NZD/USD jumped more than a cent; the market well positioned for a cut after RBNZ communication in past weeks and the immediate reaction was a short cover.

Federal Treasurer Scott Morrison has made a preliminary decision to block the sale of Ausgrid to a Chinese consortium.
– Ausgrid is Australia’s biggest electricity distribution grid

Earlier today in the comments someone asked about what it is the Reserve Bank of New Zealand  will have regard to for potential intervention in the currency

The Bank of Korea kept its base rate unchanged for a second straight month in August as widely expected.
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Shares in Asia were broadly down early Thursday, as a rise in crude oil inventory and expanding production in Saudi Arabia sent oil prices lower.
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Reuters with the headline snippet, nothing further at this stage
– Kuwait set its September official selling price for crude sales to Asia at minus-$2.65 a barrel to the average of Oman/Dubai crude
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