The Traderszone Network

The latest from ANZ on gold. Their comments on ‘safe haven’ buying are unsurprising, but even without this factor they still like gold.
In Summary:

Forex news for Asia trading Friday 19 May 2017
– ICYMI:
Both new US politics news and data flow were very, very light indeed in Asia today. We did get a little ‘geopolitical’ news, with reports a second US carrier is being moved in close to North Korea for exercises and also reports on China ‘intercepting’ a US Air Force plane over the Yellow Sea (this is said to have happened on Wednesday).

Nearly three quarters of European institutional investors are optimistic about the future of the alternative asset management industry, according to a new survey from Context Summits, but they’re worried about the increasing regulatory pressures in Europe, Brexit’s aftermath, and nationalist political movements in the region. 

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In today’s open market operations – People’s Bank of China to skip for today
– Says liquidity appropriate
– Thus a net drain of 20bn yuan as 20bn reverse repo matures today
For the week as a whole the Bank injected 160bn yuan net (was a net drain of 120bn yuan the previous week).

Bank of Japan buying Japanese Government Bonds:
– under 1 year
– 10 to 25 yr
– 25+ yrs

Weak internals today.

More from CNN, this time on China / US relations
Link is here for more.
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If this continues we’re gonna have to buy USD … (safe haven trade). And probably watch a rerun of Top Gun too.