News

Japan’s exports rose in September for the first time in five months, signaling tentative recovery in external demand even as shipments to the U.S. continued to contract sharply. Exports climbed 4.2% yoy to JPY 9.41T, slightly below expectations of 4.6%. The rebound was driven largely by strength in Asia, where exports jumped 9.2%, including a […]

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Sometimes trading is nothing more than watching the big figures.

Gold was flushed lower yesterday in US trading and that continued today early in Asia. When Tokyo markets opened, a switch flipped and gold fell by more than $100.

Gold dropped as low as $4005 but bids at the figure caught the falling knife in a quick bounce to $4030. From there, a steady stream of bids arrived and gold is now down just $12 on the day. It’s going to be a harrowing one for the rest of the day and we could test $4000 again in US trading.

If gold can hold near current levels and finish above $4100, I’d expect more buyers to step in tomorrow.

This article was written by Adam Button at investinglive.com.

Gold price (XAU/USD) tumbles below $4,100 during the Asian trading hours on Wednesday.

The Japanese Yen (JPY) advances against the US Dollar (USD) on Wednesday after three days of losses. The USD/JPY pair depreciates as the JPY gains ground following the release of Japan’s Merchandise Trade Balance Total data.

I keep getting the sense that Trump is in dealmaking mode. Earlier we head about a potential deal with Indian and now his agenda is coming into focus. It will include a visit to Japan from Oct 27-29.

Previous reports suggested Trump would visit Japan after the APEC summit from Oct 31-Nov 1 but now it sounds like he’s going there first. It’s not a surprise visit but the two-day timeline is a good sign.

It may be tough to make a deal with the new PM but this could certainly lay the groundwork. Trump is also expected to visit South Korea on the trip. On Sunday, Korea’s chief policy advisor Kim Yong-beom said he saw a higher chance of a deal with the US. It looks like there will be something around 15% in exchange for Seoul backstopping $350 billion in investments.

We are starting to see some optimism bubble up in the FX market with modest bids in commodity currencies.

This article was written by Adam Button at investinglive.com.

The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly relevant Consumer Price Index (CPI) data for September on Wednesday at 06:00 GMT, with markets expecting an uptick in inflationary pressures.

The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly relevant Consumer Price Index (CPI) data for September on Wednesday at 06:00 GMT, with markets expecting an uptick in inflationary pressures.