2015-09-14 00:00 Forex news for Asia trading Monday 14 September 2015 Its (finally) FOMC week!List of central banks that have raised rates since 2009 ... and then forced to cut againLets start a list of Fed rate hike global whinersFOMC meeting this week - ' hugely contentious decision, clashing data, heavy lobbying'Goldman Sachs previews the Federal Reserve decision on Sept 17Westpac chief economist says expects the Fed to hike next weekMondayGoldman Sachs still negative on EUR/USD ... any additional ECB easing to help drive 0.95Australia credit card data: Purchases $Abn (prior 25.5bn), Balances $bn (prior 51.5bn)China's SOE reform to bump GDP growth by at least 1/3 of a point a yearUSD/CNY reference rate for today set by the PBOC at 6.3709Moving in China - 1st SOEs unveil merger plans after reforms announced on weekendNZ latest consensus forecasts: downward growth revision, greater degree of uncertaintyMoody's says the ECB has added flexibility to its QE program, a credit positiveChina headlines crossing to start off the week: PBOC to cut finance costs furtherNew Zealand Services PMI for August: 58.2 (prior was 56.5)CitiFX says the BOJ will ease further, but not just yetWhere's the NZD going? 59 cents says WestpacWeekend China data shows 'economy still faces serious downward pressure' says UBSPBOC's new rules to boost bank liquidity will take effect on TuesdayTrade ideas thread for Monday 14 September 2015WeekendBIS fears the financial system is "acutely vulnerable" to US monetary tighteningBUBA's Weidmann says recent data shows the need for a steady hand on policy by the ECBChina reforms SOE ownership to achieve "decisive results" by 2020BOJ likely to leave policy unchanged this week say sourcesBoE's Weale: Wage growth, tight labour, inflation to rise: Rates will rise relatively soonChina data out on Sunday - retail sales beat, industrial production miss, investment missWhat to expect in the week aheadJeremy Corbyn wins election to become UK Labour Party leaderChina's Li urges Liaoning province to stabilize growth, ensure employment and increase economic efficiencyPakistan central bank cuts key interest rate to 6.0% from 6.5%ECB official says trying to figure out how much more money Greek banks need injectedEurogroup President Dijsselbloem wants to share banking risks between EU countriesThe week started off quietly early Monday after a weekend that saw more disappointing Chinese data release, but some promise from ongoing reforms, specifically reform of State-owned enterprises.Currencies opened in a subdued manner, with only minor, but notable, moves in the lead up to the Tokyo morning.USD/JPY, AUD, NZD, GBP all gained into the Tokyo morning, as did equity markets. The Nikkei was the weakest, one of the few in the red as regional equites all put on a better opening.Chinese stocks, of course, were the open that attracted the most interest and the start was promising enough. But the selling was not in abeyance for long and soon after the open China began its fall. Falling Chinese shares weighed then on other 'risk' assets, with NZD and AUD back toward opening levels, and USD/JPY down below its early Monday levels with the double whammy from lower Japanese and Chinese equities.Cable is off its highs, too, but not by a lot and is a relatively good performer on the day.USD/CHF resembled a wrestler pinned to the canvas, its barely moved from session lows. EUR/USD hasn't done a whole lot better, but it is near session highs as I update.Oil lost ground on the session, while gold was lower initially but has bounced to be also close to session highs as I update.
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