Asian Session Recap 

Headlines:

• Japan official: Declines comment on Moody’s downgrade of Japan debt
• RBA – NO CHANGE – likely to be a period of stability in interest rates

Data:

• New Zealand ANZ Commodity Price Index: -1.6% m/m (prior -0.8%)
• Australia Q3 BoP Current Account balance: -12.5bn (vs. expected -13.5bn)
• Australia Building approvals for October: +11.4% m/m (vs. expected +5.0%)

Recap:

Quiet day in Asian trade. Aussie higher on no change from the RBA. Equity markets firmer. Metals and Oil subdued.

The Nikkei225 currently trades near its highs at 17665, up 225. Aus200 firmer by 37 at 5282. US Indices also trading in the electronic markets slightly firmer.

Gold trades at 1208.35, +$2.58 and Silver at 16.43, up 9 cents.

WTI Crude trades down 47 cents at 68.53

Aussie trades on its highs after “No Change” from the RBA and better than expected Building data. We currently trade at 0.8529, +50. Kiwi trades quietly at 0.7879, +18.

The majors also trade in narrow ranges and are basically unchanged on the session ahead of the arrival of European trading desks.

Coming Up Tonight -

The UK gets Construction PMI with Janet Yellen speaking later in the US session the main events for the day. US minor data for release includes: Redbook sales, ISM, and Construction spending.