Asia Trading Post G-20. Central Banks Cross Their Fingers

With the USA and Canada on holiday today, trading in Asia has been subdued as we await Europe and continue to digest Fridays disappointing Non-Farm Payrolls number. The weekend’s G-20 produced a few nice dinners I am sure and more than its usual quota of vacuous statements on world trade, working together, stability and the importance of not indulging in competitive devaluations. It has in all honesty been every man for himself for quite a long time and unsurprisingly the G-20 has had zero impact today. FX and Stocks have moved sideways as we await Europe’s return from the weekend. The lull is unlikely to last long with September facing a packed Central Bank Calendar amongst others.FX and Stocks have moved sideways as we await Europe’s return from the weekend. The lull is unlikely to last long with September facing a packed Central Bank Calendar amongst others.