The Traderszone Network

Swiss National Bank out with the 2016 Annual Report 23 March
– intervention carried out to counter an undesired tightening of monetary conditions
– interventions occurred mainly at times of heightened uncertainty when franc was particularly sought after as a safe investment
Not going to change anytime soon then.

Australian PM Turnbull will keep his relationship with the U.S. in close focus as he holds talks with China’s Premier.

As bright minds look for new ways of producing energy, a host of interesting sources are being investigated.

Here’s what’s on the economic data/event calendar for today 23 March 2017
Greetings one and all.
Sad news yesterday from the UK and a reminder, as if we needed one, of the fragile and angry world in which we live.

A Barclays commodities research note on iron ore (via Bloomberg)
– At risk of a downward correction for iron ore and copper
– Chinese steel profitability a key metric to keep an eye on, should profits drop Chinese mills will switch to lower-grade ores, sending prices down
Lower iron ore prices will be sad news for the AUD 🙁

Japanese equities closing up from earlier lows 23 March
– high 19105.11
– low 18973.75
– Topix +0.01% at 1530.41
– USDJPY 111.34 also off session lows of 111.21
Expect offers/res now into 111.50-55 then 111.80-112.00. Bids/demand at 111.20,111.00 and 110.80