Forex news for Asia trading Wednesday 13 December 2017
- USD slides across the board following Jones' victory in Alabama
- The pressure to pass tax reform before year end just ramped up following Alabama election
- Democrat Doug Jones wins Alabama Senate race
- USD lower in Asia as US politics twists again
- OPEC's Barkindo: There's still a massive distortion in the market
- Alabama election result: 49.2% each for Moore and Jones
- US politics - Alabama Senate race voting update (81% of vote in)
- Japan government to keep assumed interest rate at record low in FY 2018 budget
- New Zealand expects to pass law banning overseas house buyers in 2018
- US politics - Alabama Senate race voting update (76% of precincts reporting)
- South Korea to consider taxing capital gains from Bitcoin trading
- AUD/USD edging towards it overnight high - M&A, consumer confidence positives
- All the FOMC and US CPI previews in one place (and an added one ... no, two!)
- US politics - Alabama Senate race voting update (32% of precincts reporting)
- Comments from OPEC on China - strong growth a positive
- Here we go with another FOMC preview ... includes inflation preview .... CPI that is ;-)
- Australia: Cops' legal defence over Inflation shooting contradicts senior officer's statement
- US data due Wednesday - inflation! Here's another preview
- Here is the first official count in the Alabama election (ready for a LOL?)
- Its FOMC day on Wednesday - here is another preview of what to expect
- PBOC sets USD/CNY mid-point today at 6.6251 (vs. yesterday at 6.6162)
- CNN says the Alabama election result is too close to call
- US politics: Polls close In Alabama Senate race, now waiting on the results
- ICYMI: Outlook for the yuan (CNY and CNH) in 2018
- US data due Wednesday - inflation! Here's a preview (or 3)
- South Korean government to hold an emergency meeting on Bitcoin trading
- The 5 main drivers of BTC in 2018 .... no, wait, my bad: The 5 main drivers of oil
- UN comments on North Korea: Believe door is ajar to talks
- Full text of speech by Christopher Kent, RBA Assistant Governor (Financial Markets)
- Westpac on the RBA after the jump in consumer sentiment today
- Japan - Machine orders (October): +5.0% m/m (expected +2.9%)
- Australia - Westpac Consumer Confidence Index (Dec): +3.6% m/m (prior -1.7%)
- Trump, House & Senate tax negotiators to meet Wednesday
- Recap of RBA Lowe comments - "a scathing assessment of Bitcoin"
- More from RBA Governor Lowe on Bitcoin - Cost of transactions high
- RBA's Lowe - current fascination with crypto currencies a speculative mania
- Heads up for US President Trump to speak on Wednesday - on tax
- Forexlive Americas FX news wrap: The clock ticks toward FOMC/Tax plan
- Iran earthquake - M6.2
- Trade ideas thread - Tuesday ... errr ... Wednesday 13 December 2017
- NZ data - Nov. FPI -0.4% m/m
- OIL - private inventory data shows bigger than expected draw in US crude inventory
- EU, US, Japan issue joint statement criticizing countries with excess factory capacity
- More from Tillerson: Trump would like China to cut oil supplies to North Korea
- Morning note on the AUD ... "perhaps buoyed by M&A news"
- The committee tax reform details are sneaking out
- Dow and S&P close at records. Nasdaq is down.
- US Sec State Tillerson - Sanction on North Korea having an impact
Small moves only for currencies in Asia today.
The big US political news was the Democrat (Jones) win in the Alabama Senate race - a race the Republican (Moore) was expected to take. It's the first Senate win for the Ds in Alabama since 1992, 25 years). The result saw the USD lose a little ground, alongside a slip in the S&P500 futures also (Globex 'overnight' trade).
As I post USD/JPY is just off its session lows (of circa 113.14) after early highs around 113.58.
EUR/USD has added a few points, up to just above 1.1760 from cicra 1.1735 earlier. USD/CHF, too, a little softer while cable has added a few points. Like I said, small moves only.
NZD/USD and AUD/USD are higher, AUD/USD is testing its overnight (very early US time) highs. We had good consumer confidence data today, the thinking is we await seeing if this translates into better spending, both consumer confidence and spending have lagged this year. CAD has gained against the USD also, helped along alo by oil ... Oil popped late US time on the back of private inventory data showing a bigger than expected draw in US crude stocks.
Still to come: US CPI and FOMC!
