The Traderszone Network

– During the campaign the prez-elect said he would be willing to withdraw U.S. military stationed in South Korea unless Seoul paid a greater share of the cost of the deployment

The People’s Bank of China set the reference rate at a 6 year low for the CNY against the USD today
if you’d like to check it out while we await Europe
Bloomberg have a bit more

Forex news for Asia trading Thursday 10 November 2016
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– In swamp-draining news:
USD/JPY traded higher initially, toward (but not reaching) 106 before it started to slip and continued down to (briefly) under 105. There was data and news but the moves were more related to flow adjustments following Tuesday’s wild moves. On the data front, we did get core machinery orders (September).

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The Reserve Bank of New Zealand  cut its cash rate today (morning NZ time)
– At Governor Wheeler’s he was very clear in saying rates are now on hold
– He also said
NZD shot higher on the rate cut announcement, then gave it all back on the press conference and following

Image source: Getty Images.

The year is rapidly coming to a close, and if you’ve sold any investments at a profit this year, you should anticipate paying capital gains taxes when you file your tax return — that is, unless you take advantage of tax-loss harvesting, which is the practice of selling losing investments in order to offset your profits. Here’s how it works, and what you need to know.

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Asian shares rose broadly early Thursday, as global investors chose to focus on the upsides of a Donald Trump presidency after a sharp selloff in the region the previous day.

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North Korea has issued an ominous warning to the incoming U.S. president, according to South Korean news agency Yonhap.