The Traderszone Network

Our live blog is tracking market reaction after JPMorgan CEO Jamie Dimon gave Deutsche Bank a big vote of confidence.

It’s still looking soggy for the pound but buyers lurking in the dip 4 Oct
Yesterday I highlighted the between 1.2800-20 and they’re holding the move lower so far.

Bill Evans, chief economist at WPAC says of the Reserve Bank of Australia announcement and statement “a very clear neutral bias has been retained”
In July this year the Governor changed June’s neutral bias to an easing bias adopting the terms “over the period ahead further information should allow the Board to refine its assessment of the outlook for growth and inflation and to make any adjustment to the stance of policy that may be appropriate”.

Your economic data/event calendar for today 4 Oct
G’day one and all.
How’s your week going so far? All good I hope.
Data wise it’s a quiet one but we do have UK construction PMI to throw into the pound’s wobbly path.

Forex news for Asia trading Tuesday 4 October 2016
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USD/JPY started its rise in early Tokyo, pre-open, accelerating as that market became more active. The buying was fairly steady, and has driven it up through a gain of more than 70 points (at its peak) on the session. There was no obvious single catalyst, with citations of:

Low-income shoppers are seen fueling an anticipated increase in holiday spending this year, a new study has found.