Forex and Bitcoin news for Asia trading Tuesday 13 February 2018
- Wrap up of the UK CPI previews (data due Tuesday) - all in one place
- Kuroda being reappointed may not necessarily mean we will see the same old BOJ
- Yen a bit of a flat line today - tomorrow brings big data though - Q4 GDP
- More on the PBOC lends 393 billion yuan via MLF
- Cryptocurrency traders to file lawsuit against Coincheck over freeze
- Recap of RBA's Ellis speech, Q&A earlier
- More from BOJ's Kuroda - this time on the stock market
- UK inflation data due Tuesday - more previews
- BOJ's Kuroda: Cryptocurrencies are mostly used for speculative investing
- Heads up for UK inflation data due Tuesday - previews
- Japan PM says (again) has not chosen next BOJ Governor yet
- US equity option trader, dubbed “50 cent”, made net $183m last week
- PBOC sets USD/ CNY mid-point today at 6.3247 (vs. yesterday at 6.3001)
- South Africa President Zuma said to be refusing to resign
- Here are the big option expiries for Tuesday (and more) to be aware of
- Australia Jan. Business Conditions 19 (prior 13) & Business confidence 12 (prior 11)
- Japan economy minister Motegi: Abe's stance on monetary policy must be maintained
- Japan January PPI 0.3% m/m (exp. 0.3%) 2.7% y/y (exp. 2.7%)
- Japan finance minister Aso says next BOJ Goveror needs to speak English
- Heads up for BOJ Gov. Kuroda to speak today - from 0050 GMT
- SG chart on NZD/CAD - multi year resistance, short term hurdle ahead
- Chinese media report the PBOC has asked banks to defer new loans until after Feb. 15
- Australia - weekly consumer confidence 119.5 (prior week was 122.7)
- More from RBA's Ellis - cash rate and bank rates do not have to move together
- UK authorities warning to algorithmic traders
- Forexlive Americas FX news wrap: Quiet day. Dollar down. Stocks continue recovery
- RBA's Ellis: Weak income growth very risky given high debt levels
- Trade ideas thread – Tuesday 13 February 2018
- Sth Africa media says Zuma has been given 48 hours to resign
- Australian business conditions & confidence data due today - preview
- Stock recovery continues. S&P has best 2 day streak since June 2016.
- NZ data - government fiscal update
- Economic calendar in Asia: RBA speaker & Aust. Business confidence/conditions
- News and data flow was light in Asia today and currency movement was subdued.
The notable news and data for the day was from Australia, with an RBA speaker and business conditions/confidence data:
- Recap of RBA's Ellis speech, Q&A earlier
- Australia Jan. Business Conditions 19 (prior 13) & Business confidence 12 (prior 11)
- More from RBA's Ellis - cash rate and bank rates do not have to move together
- RBA's Ellis: Weak income growth very risky given high debt levels
The data was very encouraging, again and maybe supports RBA's Ellis in her contention that wages will rise faster ... eventually. The Australian dollar was an outperformer (which is not saying much given the more or less flat lines elsewhere). AUD/USD ticked its way higher and is above 0.7870 as I update. It had a good overnight session, continuing on here locally today.
NZD/USD is up a little on the day also; it found some sellers lurking above 0.7265 which held on the day.
USD/JPY, EUR/USD USD/CHF, cable ... all little changed on the session.
USD/CAD lost a few points late in the North American day and has barely budged since.
PBOC injected funds with a one year medium term lending facility today, providing plenty of liquidity pre-Lunar new year holidays
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