The Traderszone Network

Apttus raised a new funding round of $88 million at a valuation “significantly north of $1.3 billion,” the last investment planned before an initial public offering, the company’s chief executive told MarketWatch.
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The most unaffordable place to live in the U.S.

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One in four housing markets is now less affordable than its long-term historical norm, according to new data.

Citi on the lookout for intervention points in USD/JPY –
this via eFX
If the BoJ had not announced the new framework last week, pressure
from the market and the politics would have forced it to adopt
additional easing at its next policy meeting on Oct 31/Nov 1. That would
have triggered further JPY strengthening and a fall in stock prices
that would most likely have completely destroyed the BoJ’s credibility.
As it is, because the Bank didn’t exert any concrete measure such as
additional interest rate cuts last week, it could save them for next
year while avoiding such fatal failure.

Forex news for Asia trading Thursday 29 September 2016
OIL – OPEC:
Federal Reserve speakers:
The big news came before Asia walked in, but reverberations carried on through the session. OPEC announced they agreed to agree on a production cut, with details to be worked on by a committee. The committee will report in November and an announcement made at the next OPEC meeting (November 30).

Samsung said it was working with a U.S. consumer product safety regulator to address safety issues related to some of its washing machines.

Oil prices were flat in Asian trade after a surprise OPEC deal to limit output, as skepticism persisted over its efficacy.